Games Ltd (GAL)

GAL is a company that developes games for casinos and other gambling clubs, two very active sectors in SL.

The shares got a first time qotation of 25 L$ each, caused by the initial euphoria in the first weeks, with a capitalization of 250,000,000 L$. Therefore, this value has been strongly reorganized, arranging around a good 2 L$ support base per share.

The hard reduction has been a direct consequence of recent F.B.I.'s inquire over gambling in SL, upon Linden Lab's demand.

Let's have a look over financial details:

Company: Game Ltd (GAL)
Chief Executive Officer: Don Montale
Shares Outstanding: 10,000,000
Shares Floating: 2,000,000
Float %: 20.00

VALUTATION MEASURES
Current Price (L$): 2.00
Market Capitalization (L$): 20,000,000.00
P/E (Price/Earning per Share): 12.90
Payback ratio (Price/Dividend per Share): 14.29
P/S (Price/Revenue per share): 9.90
Earning Yield (EPS/Price): 7.75%
Dividend Yield (DPS/Price): 7.00%

As we can see above, the whole capital of the company amounts 10,000,000 shares, divided into 8,000,000 shares on owners' own and 2,000,000 floating in the market.

With a value of 2 L$ per share and having a look over the financial report of last March, we can obtain very interesting numbers.

With a payback ratio of 14.29 (time occurring to recover the initial investment), and a dividend yeld of 7% (monthly gain rendering concerning the capital invested), GAL can confirm to be one of the best companies present in WSE market, mostly if it would confirm, in april, a good economic course.

Pasha Boucher
Tanslation by Mr McCoy Ducatillon