Ainsworth’s Domestic Woes Continue, While Higher Costs Pressure Margins. FVE Cut by 4% to AUD 2.30
Narrow-moat Ainsworth Game Technology’s lacklustre start to fiscal 2018 left little to be excited about. During the first-half group revenue, underlying EBITDA and NPAT were all soft, declining by 2%, 10%, and 17% on the previous corresponding period, or pcp, respectively. The performance in each region disappointed, with positive reception of the Pac-Man Class III machine, outweighed by margin pressure, reflecting higher cost componentry of the newly released A600 cabinet, exasperated by operat...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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