Today AGM: Ceo said need see full year result, 3 month is too short, sometimes shipping delay, sometines authorities delay, as this is gambling business, some country maybe more stricter than other. Thjs year is better than last year. On 0.60 prospect, still need depends on result. New market, South America, machines already sent for test use, trial run, just waiting the purchase order.
Enginerring division: Company is providing engineering support, include genting, for new source of income. 700 engineers is ready for the service. this year shall see some contribution.
On RGB own brand slot machine, at initial stage, not so soon. If want to start at big scale, it need huge sum of money. Gaming machine at USD 35K average ex factory. 5 to 10% price increment yearly
QR Update: Bottom line still strong, although top line took a hit as Sales and Marketing dropped. I suspect that this is seasonal as pending deliveries have affected the number, however Services have stayed largely similar. I am quite disappoined that RGB hasn't recovered quickly enough from last quarter's unexpectedly low performance, but more than happy to hold it for another quarter to see if the market corrects its valuation on the cash pile.
The revenue and profit before tax for Sales and Marketing (“SSM”) division decreased by 55% and 47% respectively for the quarter ended 31 March 2017 as compared to previous year’s corresponding quarter pending delivery of certain number of machines ordered during the quarter.
SSM revenue drop nothing to worry about. Just timing differences. Company doing well. Cash inflow still very impressive. We are rewarded with a 0.003 interim dividend.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ooihk899
2,057 posts
Posted by ooihk899 > 2017-05-26 23:58 | Report Abuse
Laugh die me!!!!