China LotSynergy 8161

Re: China LotSynergy 8161

Postby Atlas » Fri Aug 12, 2011 4:16 pm

Very impressive, -22% down this week. Looking at the graph, nothing can derail it on its downward path. It has been constantly going down since January 1st, week by week, month by month.

Continuing its path it should touch the 0.1 within weeks and 0.001 before the end of next year.

Perfect shorting candidate.

What ever happened to Unclebob? He hasn't come back here since Mid May when he pushed this stock. :?
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Re: China LotSynergy 8161

Postby Atlas » Mon Aug 15, 2011 2:58 pm

Stock was up 7% on Friday but still managed to close -4%. Should be a similiar story today. It was up nearly 4% and currently down 4%.

The stock is also being discussed here:

http://finance.discuss.com.hk/viewthrea ... =page%3D17
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Re: China LotSynergy 8161

Postby Atlas » Wed Aug 31, 2011 11:57 am

MOF: National lottery sales up 37.1% in July

Ministry of Finance announced lottery sales totaled 18.205 billion yuan in July, up 4.931 billion yuan, or 37.1% YoY.

Specifically, welfare lottery sales totaled 11.258 billion yuan, up 3.414 billion yuan, or 43.5% YoY; sports lottery sales totaled 6.947 billion yuan, up 1.517 billion yuan, or 27.9% YoY. (y)

AAStocks Financial News
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Re: China LotSynergy 8161

Postby Atlas » Wed Aug 31, 2011 12:05 pm

Quite possible that it found a bottom at the 0.130 level. Tried to break out yesterday but failed and is trying again today. RexLot's good numbers and gains seem to help as well.
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Re: China LotSynergy 8161

Postby Atlas » Thu Sep 22, 2011 11:04 am

As I wrote on August 12, "Continuing its path it should touch the 0.1 within weeks ", the 0.1 are here now. We're at a 6 year-low! :o
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Re: China LotSynergy 8161

Postby Atlas » Mon Oct 10, 2011 4:53 pm

They will be reporting their 3Q numbers already next week, one month earlier than usual. Every week a new 52 week low. Management doesn't seem to care though.
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Re: China LotSynergy 8161

Postby Atlas » Wed Oct 12, 2011 4:48 pm

Long overdue rebound today on the highest daily volume since May. Up nearly 11% up at one point but finished up 6.5%.
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Re: China LotSynergy 8161

Postby Atlas » Thu Oct 13, 2011 7:08 pm

Up 35% today. Was even up 43% at one point. However, in order to break even for the year it would have to rise another 173% :D
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Re: China LotSynergy 8161

Postby Atlas » Thu Oct 20, 2011 2:45 pm

Got out yesterday morning. By then, the counter had rebounded 54% in just one week since hitting a 6 year low of 0.090.

The market is disappointed by the numbers. Turnover and gross profit in 3Q nearly doubled compared to 3Q 2010 but profit fell by 90%. Net profit for the first 9 months fell 74% compared to last year. I assume that those several company acquisitions were the reasons for that. Please correct me if I'm wrong.

I may visit this stock again if it touches the 0.100 level.
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Re: China LotSynergy 8161

Postby winston » Fri Oct 28, 2011 11:12 am

Not vested. How can the "expert" analysts be so wrong ?

DJ MARKET TALK: Daiwa Downgrades China LotSynergy To Underperform

1052 [Dow Jones] STOCK CALL: Daiwa downgrades China LotSynergy (8161.HK) to Underperform from Buy as it expects slower sales growth for the company's video lottery terminal business.

"Despite the recent launch of the next-generation VLT terminals, we believe visibility on CLS's major expansion plan for its new VLT terminals is too low at present."

It cuts its 2011-12 VLT sales forecasts by 9% and 29% respectively.

It lowers its target price to HK$0.10 from HK$0.42, now based on 6X 2012E PER to reflect slower earnings growth and the stock's low liquidity, after cutting 2011-12 EPS forecasts by 52% and 58% respectively on lower VLT revenue and higher operating expenses for the new businesses.

"We see limited potential positive catalysts, and think the stock is likely to underperform the market in the foreseeable future."

But it adds, upside potential could come from faster-than-expected deployment of next-generation VLTs, although it notes ARPU faces limited upside without new VLT games.

Source: Dow Jones Newswire
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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