Gamehost Inc T.GH

"other income" includes govt subsidies - Payout ratio is 89%

[malx1]

Looks like Q3 includes approximately $1.2mm of govt subsidies:

CEWS

CERS

SMERG

--------------------------------------------

To re-calculate the payout ratio correctly, let's remove govt subsidies of approximately $1.2mm for Q3:

Previously posted Payout Ratio:
$3.92 / $5.6mm = 70%   (Govt subsidies included)

New payout ratio:
$3.92 / ($5.6 - 1.2mm) = $3.92mm / $4.4mm = 89.1% payout ratio (Govt subsidies removed)


89% is not 70% but it's still a respectable accomplishment given economic backdrop.

Would not be shocked to see Q3 89% payout ratio drop down to 80-85% over next 6 months. 


True EPS for Q3 was around $0.178/sh after backing out Govt funding


Looks like more shares were bought under NCIB today.  Company probably aware that TheBridge has idled his accumulation and Kasking has lowered his bet size going into year-end.

[cpeczek]

If the general public understood what a NCIB is, they would be mad to learn that shares were bought back with their tax dollars or more realistically their great-grandchildren's tax dollars.

[malx1]

cpeczek - I think bigger picture is more important:  Jobs, charities, safety enhancements and business continuity  We are looking at businesses that were mandated to close their doors to the public for specified period of time during pandemic.  The subsidies provided did not offset financial and emotional damage stemming from ecnomic lockdowns.  If the public is asking about

[cpeczek]

I am with you on this but you know how the general public is. Corporation = evil.