Gravity GRVY
I am holding this one at present.
PE 7
Current share price $2.00
Loads of cash $1.95 p/s on cash
G/P steady over 8 years in the 50% mark
op income 20% as been up to 40% in the past
book value $2.50
Background. South Korean Online Gaming company produced Ragnarok, became extremely popular in South Korea, China, Japan (were it is the most popular on multi player role play game), SE Asia.
That is were the good news ended and the CEO was caught with his hand in the cookie jar, subscuantly they were sued by an investing parter due to profit payments, they paid the investor, this lawsuit was ended in Dec and no other lawsuits are pending.
A new ceo and management team have now been put in place and released the long awaited Ragnarok 2
this took about 8 years, because of problems mentioned above and re-writes of the game. The Nintendo DS version shipped about 2 weeks ago, online will come out in the summer.
If the game captors it's fan base like the first one then value could be released if it does not then they will have to got back to the drawing board, so will the stock price!
They do have steady income from the 1st game and other games, but Ragnork 2 is the hopeful catalyst
si.advfn.com
gravity.co.kr
2009 questions to new CEO here
news.mmosite.com
here shows Ragnork 2 release on DS.
ds.ign.com
amazon here amazon.com Rag 2 for sale, you can see customer reviews, though bear in mind this is a online Mulit player rather then a DS game (hand held one player unit) the Online game coming out is key |
