ALL 1.74% $37.16 aristocrat leisure limited

internal review due soon

  1. 3,567 Posts.
    Aristocrat should be close to completing the internal review that should go some way into restoring confidence into what is a solid growing business.

    I can't believe a quality result i.e. $80m profit and operating cashflow could see the shares punished so much. With a forward single digit PE and excellent growth potential I seriously think 40%+ upside should come easily.

    Revenue is at a all time high and the international business represents more than 50% of revenues. The USA business should improve now that ALL will focus on the popular games.

    The question for investors is how long will the instos keep the multiple way below market multiples let alone it's growth potential. The one off expansion costs are behind it and the way forward is growth hence a PE of at least 14 (market multiple) with a PE of 20 if they prove themselves next reporting period.

    Anyhow, just a waiting game for those with a strong stomach and those who love the pokies...lol.

    Cheers,
    Munch.
 
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