Ainsworth is leveraging local expertise into overseas territories.
Ainsworth Game Technology’s share price has come off about 13% since the vote to approve the sale of founder Len Ainsworth’s controlling stake to Novomatic AG was passed by minority shareholders on 27 June 2016. At current levels, Ainsworth shares trade significantly below our unchanged AUD 3.70 per share fair value estimate. It is an opportune time to revisit our investment thesis.We believe the sell-off in Ainsworth shares is partly due to the departure of "event-driven" buying into the stock...
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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