tag:blogger.com,1999:blog-2080506270244832638.post3644180614887231055..comments2024-03-28T07:17:13.573-05:00Comments on Clark Street Value: Accel Entertainment: SPAC, Distributed Gaming in ILMDChttp://www.blogger.com/profile/10679835609782815537noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-2080506270244832638.post-20512419239115826802020-03-30T08:53:53.125-05:002020-03-30T08:53:53.125-05:00I'm not an expert in warrant/option pricing, b...I'm not an expert in warrant/option pricing, but with the stock at 7.50, I think I'd rather just own stock, plenty of juice in it.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-82763743039429771262020-03-29T15:14:31.275-05:002020-03-29T15:14:31.275-05:00If I'm reading their latest 10K correctly, the...If I'm reading their latest 10K correctly, they expire in 2024 and have an exercise price of $11.50. Warrants are currently priced $1.50 each.Anonymoushttps://www.blogger.com/profile/11288143022738692243noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-8258357948937912242020-03-29T15:10:36.191-05:002020-03-29T15:10:36.191-05:00What do you think of the warrants?What do you think of the warrants?Anonymoushttps://www.blogger.com/profile/11288143022738692243noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-67588299893278696282020-02-10T10:31:47.057-06:002020-02-10T10:31:47.057-06:00I hadn't before your comment, but it does look...I hadn't before your comment, but it does look interesting. I admittedly don't understand the concept of social casino games in a world where online gambling will become more legal, but they say its had limited impact on results in states like NJ where there are legal alternatives. Interesting company, I'll do some more work on it, but does appear somewhat cheap - likely due to the Up-C structure, controlled status and limited float (I notice a lot of the free sites are getting the share count and resulting valuations wrong).MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-9684715364872956332020-02-08T09:39:01.872-06:002020-02-08T09:39:01.872-06:00Have you looked at SciPlay? Not sure of the long t...Have you looked at SciPlay? Not sure of the long term prospects, but it looks statistically cheap right nowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-10008978862334228832019-12-26T22:22:53.797-06:002019-12-26T22:22:53.797-06:00Why SPAC if not Clairvest?Why SPAC if not Clairvest?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-754119845232191182019-12-16T15:58:02.430-06:002019-12-16T15:58:02.430-06:00Accel has a rewards program they're just rolli...Accel has a rewards program they're just rolling out. You enter your phone number on a tablet every hour. Clarivest had nothing to do with reasons for going the SPAC route. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-83373233079075964432019-12-12T09:06:21.176-06:002019-12-12T09:06:21.176-06:00Not specifically, I'm a SPAC noob - not well v...Not specifically, I'm a SPAC noob - not well versed in the trading dynamics of the SPAC warrants. But I do like leverage! Don't own them right now however.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-69738368249739976622019-12-10T09:25:35.751-06:002019-12-10T09:25:35.751-06:00Thoughts on buying the Warrants?Thoughts on buying the Warrants?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-2554868508528327082019-12-07T02:28:10.111-06:002019-12-07T02:28:10.111-06:00Inspired Entertainment is a comp; they are breakin...Inspired Entertainment is a comp; they are breaking into US but have a foothold in Europe. Additionally, they have a virtual sports division. mikehttps://www.blogger.com/profile/00172244505283783099noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-86331571169578407642019-12-06T09:58:55.610-06:002019-12-06T09:58:55.610-06:00Red Flag for me. ACES
Filed 2019-11-19 20:49
Tx da...Red Flag for me. ACES<br />Filed 2019-11-19 20:49<br />Tx date 2019-11-14 $ACES<br />Seven Aces Limited Sekhri, Manu<br />4 - Director of Issuer, 5 - Senior Officer of Issuer<br />Holder: Ascendant Group Holdings Inc. (Indirect Ownership)<br />Options<br />50 - Grant of options <br />+3,536,522 vol 3,536,522Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-36036556253442797842019-12-05T17:17:36.726-06:002019-12-05T17:17:36.726-06:00@aaron -- I am taking a look into ACES and interes...@aaron -- I am taking a look into ACES and interested in comparing notes. How can i reach out to you directly?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-87863827981083382452019-12-04T09:14:49.328-06:002019-12-04T09:14:49.328-06:00Slept on a few ways management's projections c...Slept on a few ways management's projections could be optimistic: 1) timing around the increased EBITDA due to the 5-to-6 VGTs per location and the higher hold amounts, if that gets delayed out it could impact 2020 numbers; 2) longer term, since most of their VGT machines are relatively new, maintenance capex is minimal, but a few years out they might need to do a refresh cycle that management may pitch as growth somehow, but is really a form of deferred maintenance.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-45390568468658218362019-12-04T09:01:07.854-06:002019-12-04T09:01:07.854-06:00Thanks, will do - previously unaware of this one.Thanks, will do - previously unaware of this one.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-1063378512057829322019-12-04T08:49:46.743-06:002019-12-04T08:49:46.743-06:00check out $ACES on the venture exchange... rolling...check out $ACES on the venture exchange... rolling up VGTs in Georgia (called COAMs but same concept)... no position, management isnt my cup of tea but decent comp...feel free to reach out, i spent some time in Georgia looking into the industryaaronnoreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-32329466300132492932019-12-03T14:17:04.748-06:002019-12-03T14:17:04.748-06:00Not an expert - but just thinking through the poli...Not an expert - but just thinking through the political ramifications of legalizing mobile gaming - there's already considerable backlash regarding the addictive nature of VGTs, if they were accessible on your phone anywhere, that could be even more troubling. Then there's the age restriction, since the VGTs are located in places with a liquor license, they should be 21 and over, although I'm guessing enforcement is lacking in some areas, but that would be harder to track on a mobile app? Although I'm sure there are ID verification companies that provide software to the gaming industry (MITK?).<br /><br />It's probably an evitable risk, VGTs/distributed gaming disrupts riverboat casinos and eventually mobile disrupts them? But seems like several years out before its politically necessary to legalize. But thanks, great comment and a legitimate risk.MDChttps://www.blogger.com/profile/10679835609782815537noreply@blogger.comtag:blogger.com,1999:blog-2080506270244832638.post-40531461620293531862019-12-03T13:56:39.226-06:002019-12-03T13:56:39.226-06:00thank you for posting
From the sideline it seems ...thank you for posting<br /><br />From the sideline it seems like the biggest risk is slot machine users/market moving to mobile phones allowing players to participate with less friction. <br /><br />In particular, an interesting thing is that from your chart we find Scientific gaming which holds the IP/designs and recently IPO'd/spun out SciPlay SCPL specifically into this space. <br /><br />So the same content delivered in a more comfortable, less judgmental environment, and always accessible. <br /><br />Look forward to your thoughts. Penniless_Prophethttps://www.blogger.com/profile/06029952219916856734noreply@blogger.com