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first drop of LNG targeted by second half of this year, Vin. And, more capex needed along the way for O&G segment. LKT needs to sort out the mess with regards to the US assets asap - high investment low returns; less than 20% ebitda margins is horrible
You can use the following link to get a feel on the overall situation at Las Vegas Strip area where RWLV is located. Retrieve Dec ggr report and go to page 12 and look at the 3 months and 12 months yoy pc change. Its flattish and not worsening. Retrieve the Sep ggr report if you are comparing q4 and q3. https://www.gaming.nv.gov/about-us/gaming-revenue-information-gri/
I'm not that optimistic that the genting boss would let the share price to appreciate for now until the end of Q2 when he could propose the take over again for GenM.
we will know the shareholdings of GenM when the annual report is released. Most funds/institutions would have exited GenM given Gent's 73+ pc shareholdings.
Not much news or updates on the Sullivan County purchase of non-gaming assets of Resorts World Catskills. This purchase has to go through in order for Empire Resorts to redeem the 300mil bond due end of this year.
don't expect much just as like what happened with Miami land sales. claimed to have a lot of interests and some even willing to bid for high price..after 3 years, nothing happened.
understandable, Eddy. following are my perspectives - I believed the emotional cycle for Gent is at anger/depression phase which means market is at the bottom. I am looking for transition/start of hope/recovery phase. The recent rating agencies downgrade of Gent did not push it to a new low; sep'25 double bottom. It seems to me the following (1) price no longer making lower lows (2) downgrades/bad news unable to push it lower (3) currently developing - low volatility, sellers exhausted, buyers defending double bottom. Technical seems to show hope phase is underway. This has to be supported by fundamentals and in this case; the performance of US assets - the earnings of US assets are weak/poor ebitda margins in the past and I am looking for signs that its stabilizing and not making lower ebitda margins / higher losses to confirm the bottom if you will.
