AIG 0.00% 7.9¢ aircruising australia limited

RRivkin lemming's to jump ship?

  1. 10,373 Posts.
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    AIG was a stock Rivkin tipped his followers into a few months ago at $1.30. Watch them jump out today.

    My bet is AIG will trade back to almost $1.00 before the rout is over

    From today Melbourne "Age"

    Ainsworth fails to strike jackpot
    By Cosima Marriner
    May 22 2002

    Pokies king Len Ainsworth has suffered another setback with his latest gaming venture. Ainsworth Game Technology warned yesterday it could lose as much as $8 million this year.

    This is a turnaround from the maiden profit forecast in its prospectus.

    Citing delays in gaining regulatory approvals for its flagship Ambassador machine, AGT said it would lose between $3 million and $8 million for the year to June 30. AGT's prospectus issued last November forecast a $952,000 profit.

    The profit downgrade comes less than two months after AGT chief executive Jim O'Mahony resigned, having spent just nine months with the company. "Now we know why he resigned," one gaming analyst said.

    Speculation had been rife that AGT would struggle to meet its prospectus forecasts. Mr Ainsworth declined to confirm whether AGT was on track to meet its target of 2024 machine sales in New South Wales, the ACT and New Zealand.

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Currently unlisted public company.

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