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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (1919)	3/18/1998 8:41:00 PM
From: Hopdad	Read Replies (1) \| Respond to of 29382

Sergio, Earlier this week you posted that the Amigos were going to stay in APCO until the fundamentals changed. Cary posted that you got out today at 12 7/8. Makes perfect sense to me, as it can't possibly keep up at this pace ( can it?), but, what with the rumoured announcement related to their "Easy care" product forthcoming, you don't see the fundamentals of having changed, do you? I too am waiting for a pullback to re-enter. Problem is, I got out to early. Oh well. Thanks David J. for referring me to this site. Have been a lurker on SI for months, but a brand new subscriber. The terrible thing is, I knew about you folks, but forgot about checking in. Wish I had, maybe I would have been a bit more patient with APCO. Mark S., who in late January uncannily called for an APCO pullback from 7ish, which it subsequently did, in a flurry of selling down to the low 6's, privately related to me a 9 to 9 1/2 re-entry point. With all due respect to those still long, I would relish such a retreat, but am not overly optimistic. Any thoughts from the Amigos. It sure seems ahead of itself, announcements notwithstanding. This is a great thread! Regards, Jack "Hopdad" Hopper

To: Sergio H who wrote (1919)	3/18/1998 8:47:00 PM
From: RADAR )))	Read Replies (2) \| Respond to of 29382

Sergio: <><><><><> Looking forward to your info on Myron's stock. <><><><><> CNTY - Century Casino Inc. Operates a casino in Cripple Creek, Colorado (Womacks) and has the concession right for one cruise ship. Use to have a second concession operation but the contract recently expired and they do no forsee renewal. Management acquired the Womacks casino in a buy out last year from Gold Creek. Indications from another poster on another web site is that business was very good when he visited there late last year. The Womacks competitor in town is having operational problems and not doing as well. CNTY has just signed a joint venture agreement with Bau Holding AG in Prague to operate a casino in the five star Marriott which is currently under construction. Bau Holding AG is the sixth largest construction company in the area. CNTY has also signed with two consortiums in Gauteng, South Africa to try and win award of one of the six casino licenses to be issued in Gauteng province. Four of the licenses have already been awarded with the remaining two to be issued by the end of March. If CNTY's consortia is awarded the license, they plan to open a casino in the Westrand area of Gauteng, where no other license has been awarded. CNTY has pledged to put up 2 million in development costs with Silverstar Development Ltd if they are awarded one of the two remaining licenses. Management of CNTY reportedly has experience with operating casinos in over 25 foreign countries. Its no surprise that they have taken there growth outside of the US. Management of CNTY has authorized the buy back of up to 1,000,000 shares of the stock of the company, reducing the outstanding shares by up to 7 1/2%. Management has authorized the buy back based on their valuation of the net book value of the stock at 1.27 a share as of December 31, 1997. There is cash on hand of .50 a share. The shares of CNTY were initially sold in Austria and Germany. The initial offer was in the range of 7 a share. The price has steadily declined since the offering because of the lack of any development potential on the part of the company. Now that the company has gotten away from the concession business, has purchased a real casino in Colorado which is doing well, has signed a Joint Venture to participate in a major casino in Prague and has the potential to capture a license for yet a third casino in South Africa, the stock price is beginning to make a turn around. With managements expertise in foreign operations, this latest expansion is well suited to their talents. I looked at several of the competitors of CNTY and like the charts that I looked at. CCRI is a company which operates casinos in the US and competes with CNTY in Colorado. LADGY is a company that is a major casino operator in South Africa. The charts of both companies show strong growth in the stocks appreciation. If CNTY continues its current direction, the charts of CCRI and LADGY could portend to be road maps for the future of CNTY's appreciation. I pulled the following information from the recent EDGAR postings: Net operating revenue for the third quarter of 1997 was $5,667,380 compared with $5,177,305 for the same period in 1996, an increase of 9.5%. Casino revenue from Womacks Casino increased 12.2% to $5,348,680 from $4,768,079 a year earlier. The other component of casino revenue relates to the Company's cruise ship concessions, which decreased from $151,674 to $115,970, primarily as a result of the expiration of the casino concession contract for the Silver Cloud in May 1997. The concession contract for the Silver Wind is up for renewal in January 1998, and management believes it is likely that the contract will not be renewed. Construction undertaken in early 1997 on a competitor's property, adjacent to Womacks Casino, is nearing completion and the property is expected to open for business in the fourth quarter of 1997. Management cannot predict at this time whether the operations of Womacks Casino will be positively or adversely affected. Net operating revenue increased by $7,648,958 to $15,193,369 for the nine months ended September 30, 1997 as compared with the 1996 period, principally as a result of the Gold Creek acquisition. Consolidated casino revenue increased 104% on a year-to-year basis, mostly attributable to the larger scale of operations in the Cripple Creek market. The Company filed applications with two consortia for casino licenses in the province of Gauteng, South Africa. The Company has signed long-term casino management contracts with both consortia, with one of the agreements providing that, should a license be granted, the Company would make a minority equity investment of approximately $2,000,000. The equity contribution, if required, would likely be funded through the Company's existing cash and short-term investments. Final decisions by regulatory authorities on the outcomes of the two license applications are expected no later than the first quarter of 1998. I have added my own comments to the above and anyone looking at this company as a potential investment should do their own investigation. RADAR