“The gaming industry in Philippines should have the best performance ever in the second quarter ended in June as more gamblers are leaving Macau amid its stricter gaming regulation,” said CLSA Ltd. analyst Marcus Liu Tuesday. The large investment “underscores Okada’s commitment and confidence in the Philippines’ gaming market,” he said.
(1) Personally you guys should ask them to consodilate the share to a lower sharebase,
(2) and should stop their renumeration via ESOS or fees, AND ask them to get their renumeration from dividend declaration - which benefit everyone.
(3) While there was dividend declared, but the amount of dividend declared is at the low side compared to the FCF generation power. - The CFFO was a whopping 50 million for last year, - FCF was at high of 31 million, - but dividend payable to shareholder is a mere 2.6million (not 2.6b) - Unless they state that they want to repay their 35m loan faster, 2.6m compare to 31m FCF is just paying peanuts to shareholder
Yes. They parred down loan real fast with the good cash flow. This why I understand low div. But in future, I expect higher and higher div yield. Else I will sell if no improvement.
They just took shareholders money to pay off their debt. But in a way, they did successfully turn around their company. Just need to be aware of the risk that most of their income is from phillipines. Any weird law changes then all hell will be loose
i think casino not as bright future as before, young generation knew this gambling no future. Only aunties uncles fully believe in fortune. You can see most of the gamblers are older age.
“For decades, casinos have incented the biggest gamblers with special deals and comps. But many consumers today are spending their time—and money—on food, fun and retail outlets, not the gaming floor. As gaming revenue has declined, and casinos become ‘integrated casino resorts,’ they realize these other amenities are critical to attracting today’s guests.”
which Datuk Chuah mentioned before: In the Philippines, Chuah said, the group was in negotiations with several more operators to supply bingo machines.
“We now have 422 bingo machines in 20 bingo halls contracted out to a single bingo hall operator.
“As we want to expand in the Philippines, we are now in talks with other bingo hall operators to supply our bingo machines,” he added.
aiyooo...all this just assumption/posibility only, not yet final/conclusion, assume philipines terminated all gambling license still got others country can accept, still got others opportunity, don't spread negative news la... :-D up up up...rgb... :-D :-D :-D
The bingo segment is just potentially additional source of income and have no impact on existing earnings. The key issue here is whether the directors are going to share the cash flows with the minority shareholders in the form of better dividends. As others have pointed out, most of the taxfree dividends go back to themselves which is much better than having high taxable pay.
Aiyo ..... be patience la .... have to take care of debt first ma ..... now all debt settled already .... shld hv no problem giving higher dividend later on ..... cheers ....
wow...much more lower than my average price...regarding issued raise by (Seong Zhi Lam), do u have any explaination about it? :-D up up up...rgb... :-D :-D :-D
I suppose they freeze issuing new licence only .... not close down all ..... well, to me, biz as usual in Philippine now .... They can move on by focusing in other countries .... Besides Philippines, ppl in other country also gamble right ? ..... cheers ....
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....
bruce5113
4,168 posts
Posted by bruce5113 > 2016-07-10 14:23 | Report Abuse
good tomorrow... :-D up up up...rgb... :-D :-D :-D