Ainsworth: Interim result 2015

Ainsworth’s share price has benefited from the lower Aussie dollar, but it’s the company’s opportunity to increase its US market share that we’re focused on.

Ainsworth Game Technology’s (AGI) share price fell 9% in the two days before it issued a profit warning at its AGM last November (see Ainsworth: AGM 2014 from 21 Nov 14 (Buy — $2.42)), so when the share price fell 8% in the lead up to the recently announced interim result we were prepared for the worst. In the end the result came in as expected and our view hasn’t changed.

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