Small Caps for the Taking
Many investors who bought their way into the virtual gambling industry in March had the misfortune of experiencing a downward spiral as the market cap for online gaming sites came back down to earth for the summer. Just in case you've been left with pennies in your pockets but you still haven't lost your gusto for Net betting stocks, IGN as gathered a collection of i-gaming stocks that can be had for 50 cents or less per share:
Company: Applied Gaming Solutions
Symbol: AGC.V (Vancouver stock Exchange)
Friday's Closing Price: 0.39
Past Year's Highest Closing Price: 1.33 (Aug 2, 1999)
Past Year's Lowest Closing Price: 0.35 ( June 19, 2000)
Company: BGI International
Symbol: BGII.OB (Over the Counter)
Friday's Closing Price: 0.4062
Past Year's Highest Closing Price: 1.4375 (Jun 2, 1999; Feb 25, 2000)
Past Year's Lowest Closing Price: 0.25 ( June 5 and 6, 2000)
Company: Canbet
Symbol: CBT.AX (Australian Stock Exchange)
Today's Closing Price: 0.23
52-week range: 0.16 - 0.32
Company: Cosmoz.com Inc.
Symbol: CMOZ (Over the Couter)
Friday's Closing Price: 0.375
Past Year's Highest Closing Price: 2.4688 (July 22, 1999)
Past Year's Lowest Closing Price: 0.3594 (June 1, 2000)
Company: eBet Ltd.
Symbol: EBET (Australian Stock Exchange)
Today's Closing Price: 0.365
52-Week Range: 0.300 - 0.960
Company: e-Vegas.com Inc.
Symbol: EVCM (Over the Counter)
Friday's Closing Price: 0.2969
Past Year's Highest Closing Price: 0.8438 (Apr 6, 2000)
Past Year's Lowest Closing Price: 0.2031 (May 31, 2000)
Company: Externet World, Inc.
Symbol: VCSY (Over the Counter)
Friday's Closing Price: 0.50
Past Year's Highest Closing Price: 1.3438 (March 30, 2000)
Past Year's Lowest Closing Price: 0.3906 (June 15, 16 and 19, 2000)
Company: GoldenGoals.com Ventures Inc.
Symbol: BET.V (Vancouver Stock Exchange)
Friday's Closing Price: 0.20
Past Year's Highest Closing Price: 2.55 (Aug 25, 1999)
Past Year's Lowest Closing Price: 0.17 (June 8,13 and 14, 2000)
Company: International Pursuit Corporation
Symbol: IPJ.TO (Toronto Stock Exchange)
Friday's Closing Price: 0.29
Past Year's Highest Closing Price: 1.23 (Mar 1, 2000)
Past Year's Lowest Closing Price: 0.12 (Nov 19, 1999)
Company: My Casino.com
Symbol: MYC.AX (Australian Stock Exchange)
Today's Closing Price: 0.50
52-week range: 0.30 - 1.15
Company: Network Gaming International Corp.
Symbol: NGQ.V (Vancouver Stock Exchange)
Friday's Closing Price: 0.26
Past Year's Highest Closing Price: 0.23 (May 4, 2000)
Past Year's Lowest Closing Price: 0.60 (Feb 4, 2000)
Company: PlayStar Corp.
Symbol: PSCKF (Over the Counter)
Friday's Closing Price: 0.1094
Past Year's Highest Closing Price: 0.3906 (July 6, 1999)
Past Year's Lowest Closing Price: 00.938 (several dates)
Company: Q-Seven Systems
Symbol: QSSY (Over the Counter)
Friday's Closing Price: 0.50
This Year's Range: 0.50-1.5625
Company: TELnet GO 2000
Symbol: TNET (Over the Counter)
Friday's Closing Price: 0.3125
Past Year's Highest Closing Price: 1.0312 (May 12, 2000)
Past Year's Lowest Closing Price: 0.25 (June 19, 2000)
Company: Winchester Mining Corp.
Symbol: WNCR (Over the Counter)
Friday's Closing Price: 0.125
Past Year's Highest Closing Price: 0.2344 (May 30, 2000)
Past Year's Lowest Closing Price: 0.125 (Jun 23, 2000)
Valleys
Shares of Online Gaming Systems, Ltd. closed Friday at an all-time low of 0.50 per share. Prices of the company's stock remain low despite the fact that the company reported huge increases in revenues and net income for the first quarter of 2000.
Gaming Internet Plc's stock has tumbled tremendously since the company nixed its bid to by Consolidated Gaming of Australia. Shares began trading today on the London Exchange at 29.00 p and closed the day at 22.00.
Tales of Success
Magna Entertainment, Frank Stronach's increasingly aggressive racing spinoff, is rising rather nicely on the Toronto Exchange. It closed out at 10.80 Friday--it's highest closing price since the company went public in March--and climbed a few notches higher today, closing at 11.40.
Shares of Autotote reached 5.125 per share Tuesday--matching a 52-week high reached March 3--and closed at 4.875. The company recently revealed steady increases profits in its quarterly report.
Quaterly Reports
GTECH (NYSE: GTK) - First Quarter, Fiscal 2001
(dollars in thousands, except for share amounts)
| Three Months Ended May 27, 2000 | Three Months Ended May 29, 1999 |
| Revenues | | |
| Services | $222,631 | $211,158 |
| Sales of products |
19,367 |
27,502 |
| Total |
241,998 |
238,660 |
| Costs and expenses |
|
|
| Costs of services |
142,763 |
139,912 |
| Costs of sales |
15,811 |
18,118 |
| Total |
158,574 |
158,030 |
| Gross profit |
83,424 |
80,630 |
| |
|
|
| Selling, general and administrative |
32,561 |
30,438 |
| Research and development |
12,926 |
10,676 |
| Goodwill amortization |
1,609 |
1,563 |
| Operating expenses |
47,096 |
42,677 |
| Operating income |
36,328 |
37,953 |
| Other income (expense): |
|
|
| Interest income |
1,925 |
837 |
| Equity in earnings of unconsolidated affiliates |
1,256 |
1,143 |
| Other income |
687 |
(1,054) |
| Interest expense |
(7,035) |
(6,785) |
| |
|
|
| Income before income taxes |
33,161 |
32,094 |
| Income taxes |
12,932 |
13,159 |
| Net income |
$20,229 |
$18,935 |
| Basic and diluted earnings per share |
$.58 |
$.50 |
- Revenues for the first quarter of fiscal 2001 totaled $242.0 million compared to $238.7 million in the first quarter of fiscal 2000. Net income was $20.2 million, or $.58 per share, compared with $18.9 million, or $.50 per share, for the same period last year.
- Service revenues were $222.6 million in the quarter, representing a 5% increase over the $211.2 million of service revenues in the same quarter last year. This increase reflects an 11% increase in international lottery service revenues and a 2% increase in domestic lottery service revenues.
- Service gross margins for the quarter increased to 35.9% from 33.7% in the same quarter last year primarily due to higher domestic jackpot activity.
- Product margins were 18.4% in the quarter compared to 34.1% in the first quarter of last year resulting from the inclusion of a low-margin central system conversion in the overall product mix.
- Operating expenses were $47.1 million in the quarter compared to $42.7 million in the same period last year driven by higher spending on the company's Internet offerings.
- The company's effective income tax rate decreased from 41% in the first quarter of fiscal 2000 to 39% in the current quarter due principally to lower state taxes and increased R&D tax credits.