Ainsworth turnaround gains traction
Shares in gaming machine manufacturer, Ainsworth Game Technology, continued their rally during July, reflecting investors' conviction the turnaround is gaining traction.
Industry feedback continues to suggest Ainsworth's latest game offerings are gaining share in the key US market.
In Australia, Ainsworth's market share has likely bottomed and if the increase in current research and development spend flows through to a more competitive panel of games as we expect, then Ainsworth is likely to win back some lost share in this market also. This remains subject to execution, which we continue to monitor and look toward the full-year results this month for further signposts on the company's turnaround.
Read our July 2017 portfolio reports