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hold your horses :) there will be opportunities to share opinions when the QR is released. There are different restrictions relaxation dates for countries where RGB is operating (Cambodia, Philippines, Laos, Vietnam and Malaysia). The biggest presence is probably Philippines and its alert Level 1 was on 1st Mar while borders reopened in Feb'22. Alert level 1 means casinos allowed to operate at full capacity. Perhaps a clearer picture will be the Q2'22 results rather than the upcoming Q1'22.
the company managed to turn in a positive free cash flow in fy2021 apart from maintaining positive ebitda during covid restrictions. last positive free cash flow observed was back in fy2017. It will be interesting to see whether it can grow its positive free cash flow further in fy2022 and onwards. A challenging feat indeed but can be a signal that turnaround is on the way. The revenue growth across the different geographical segment observed in fy2021 will also be a good baseline as we head into fy2022. Was it a one time order or start of TSM recovery with the additional machine sales in fy2021?
acceptable QR if you will. beauty is in the eye of the beholder. looking forward to the Q2'22 performance which is a better gauge on its business/TSM recovery.
Lol, Nick. I don't have the capabilities to be a banker and even if I have the skills to do so, I do not have the money to transact as per what transpired today after 4 pm; blocks of 5k lots.
something brewing post Q2FY22 earnings? :) shrinking debt, growing positive free cash flow, and positive external headwinds that could lead to higher machine sales/lease.
Thanks, Lee. I have invested in RGB for sometime and I would say it’s a worthwhile wait :) From a beaten down balance sheet to recovery of its balance sheet while the share price stayed beaten down. I am looking forward to signs of growing strength in its balance sheet at the back of strong recovery from its biggest market segment which is Philippines. Hence, I will continue to hold it until it reaches where it should be or at least pricing in its value. Just my opinions, could be wrong.
Indeed, Lee. And I can understand the emotional state that comes with long term positions :) no right or wrong as long as you are making money at the end of the day.
influx of new shareholders :) riding the strong recovery in markets where RGB is operating. manage it well until the numbers are showing at least 70 to 80 percent pre-covid level which translates to approx $250M yearly revenue. The next 2 quarters performance will be interesting to observe.
Wow - Interesting announcement :) new bulk order from Macau’s subsidiary with a significant amount. Seems to be a good indication for the industry - possible slots refresh cycle in the horizon. All the best to RGB shareholders :)
Thanks and you are welcome, Time and Space. Indeed a positive recovery. Manage it well and the next two quarters performance will provide further evidence of its recovery. If indeed slots refresh cycle in the horizon, we should be seeing numbers coming in from its biggest market; Philippines. Can be new sales or even new lease; a boost to its SSM if you will. Slowly but surely :)
