09:33:47 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Gamehost Inc
Symbol GH
Shares Issued 24,729,103
Close 2017-11-15 C$ 10.97
Market Cap C$ 271,278,260
Recent Sedar Documents

Globe says Acumen's Pow cuts Gamehost to "hold"

2017-11-16 05:54 ET - In the News

The Globe and Mail reports in its Thursday, Nov. 16, edition that Acumen Capital analyst Brian Pow says Gamehost's financial results are still feeling the effects of the recovery economy in Alberta. The Globe's David Leeder writes that though Mr. Pow says he is seeing positive improvements at the casino company's Great Northern location in Grande Prairie, he feels its Boomtown location in Fort McMurray and Deerfoot in Calgary are still dealing with a "struggling, albeit improving, economy." Accordingly, he lowered his rating to "hold" from "speculative buy." Mr. Pow continues to target the shares at $10.50, matching the consensus. He says in a note: "There is correlation between Alberta's unemployment rate and GH's revenue, to some extent. While this isn't an exact science, it provides us with some insight into Alberta's health and disposable income potential. While we had made minimal changes to our go-forward estimates, we are cognizant that a meaningful turn around for GH won't occur until a rebound in Alberta's oil prices and therefore jobs, occur. We note with the recent increase to WTI, and if sustained, we could see meaningful job creation which would help drive disposable incomes to GH facilities."

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