DNA - Casino in Vietnam

[duncan22]

Hey All,

Whats your thoughts on DNA on the ASX? They have just revamped their casino in Vietnam on the border of China and for the first soft open month revenue growth was through the roof. Vietnamese people are currently banned from casinos so it is literally catering to the Chinese market at the moment but recently announced by the Vietnamese government that they are thinking of dropping this rule.

Obviously a bit of geopolitical risk but interest to know your thoughts?

- DJ

[Dej]

Hey All,

Whats your thoughts on DNA on the ASX? They have just revamped their casino in Vietnam on the border of China and for the first soft open month revenue growth was through the roof. Vietnamese people are currently banned from casinos so it is literally catering to the Chinese market at the moment but recently announced by the Vietnamese government that they are thinking of dropping this rule.

Obviously a bit of geopolitical risk but interest to know your thoughts?

- DJ

Interesting. Political stability will never be there strong point though. If vietnam drops their anti gambling rule you'll be in for a bit of a short term vertical ride but other than that its a bit of a business-as-usual-but-watch-out-for-the-political-environment company.

Potentially to much risk for the upside? Could get shaken out in the turbulence before any real news. Strong nerves needed :t_up: general trends looking up though, plus all the positive TA.

You got a position Duncan? Would be interested in your thoughts timelines regarding exit points, and when they might be!

[NZSilver]

Ive watched this one for a while - interesting company, but it is risky cf the like of CWN and SKC

[duncan22]

Interesting. Political stability will never be there strong point though. If vietnam drops their anti gambling rule you'll be in for a bit of a short term vertical ride but other than that its a bit of a business-as-usual-but-watch-out-for-the-political-environment company.

Potentially to much risk for the upside? Could get shaken out in the turbulence before any real news. Strong nerves needed :t_up: general trends looking up though, plus all the positive TA.

You got a position Duncan? Would be interested in your thoughts timelines regarding exit points, and when they might be!

I bought a parcel at 83c in July - wanting to hold until a full quarter or half year result with the new casino running as revenue should be significantly higher. They previously did a capital raising at $1.30 so id imagine that will be pretty strong resistance given those investors have been underwater for quite some time!

[cloggs]

There was some trouble between Vietnam and China over an oil platform for a while and as a result the price fell. I originally got in at $1.20 and then bought more at $0.90. They are making money and seem to be moving up again now, so the oil platform problem must have been resolved.

From their earlier reports their problem is being able to accommodate all the punters that want to go there. I remember reading somewhere that they actually had to put them up in other hotels because they didn't have enough rooms for them. That was before they built their new hotel though. I'm pretty confident about this one.