Small-Cap

Technical Analysis on One ASX-Listed Consumer Services Stock – AGI

April 29, 2025 | Team Kalkine
Technical Analysis on One ASX-Listed Consumer Services Stock – AGI
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AGI:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)

Company Overview: Ainsworth Game Technology Limited (ASX: AGI) is an Australia-based company engaged in the designing, developing, manufacturing, selling and servicing of gaming machines and other related equipment and services. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

Recent Update: The company has signed a Scheme Implementation Deed (SID) with Novomatic AG ("Novomatic") to acquire all AGI shares not currently owned by Novomatic, which holds a 52.9% stake. Under the scheme, AGI shareholders will receive $1.00 per share in cash, minus any declared dividend. This offer values AGI at A$336.8 million, with an enterprise value of A$336.5 million, reflecting a ~7.0x EV/FY24A EBITDA multiple. The cash offer represents a 35% premium to AGI’s closing price of $0.74 on 24 April 2025 and a 27% premium to its 1-month VWAP. The Scheme is subject to customary approvals, including shareholder approval at the Scheme meeting.

 Financial Performance: The company reported a normalised Profit Before Tax (PBT) of AUD 23.2 million for CY24, excluding currency fluctuations and one-off items, a decrease from AUD 41.5 million in the previous period ending 31 December 2023. The company’s product performance and global market development have ensured sustainable profitability, with expectations of increased revenue across key regions in CY25. The company’s revenue stood at AUD 264.1 million during the period, a 7% decrease on a year over year basis, while underlying EBITDA stood at AUD 48.2 million, down from AUD 59.0 million reported in the year-ago period.

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