Ainsworth’s Domestic Suffering Continues Although 2H Outlook Is More Positive
Narrow-moat Ainsworth reported a weak start to fiscal 2019, with adjusted profit before tax, or PBT, of AUD 9 million, down 45% on the pcp, albeit marginally ahead of the AUD 8 million guidance. Unsurprisingly, the main challenge the company faced was intense competition in the Australian market, which led to an approximate halving of unit volume and revenue, along with margin compression. There were, however, a few positives in the result, the most noteworthy being: 1) strong international reve...Ainsworth Game Technology is a gaming machine developer, designer and manufacturer operating in local and global markets. Co. is engaged in the design, development, production, lease, sale and servicing of gaming machines and other related equipment and services. Co. provides its product within both land based and on-line gaming markets, including social gaming and licensed Real Money gambling markets. Co.'s game brands include Mustang Money 2™, Thunder Cash™, Twice The Money™ and Cash Cave™.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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