trading update and extension of Share buyback today announced.

Simply put Aristocrat continues to take market share in gaming with strong revenue and profit growth expected. Pixel continues to have some slow down in this competitive market.

the extension of the buy back seems sensible given the amount of money on the balance sheet following the failed attempt to acquire playtech. It is another 500mil worth already spending 500mil to buy shares back at these lower prices. This will obviously improve EPS.

PE wise ALL is on its lower end around 20x. incredible growth over the years the 10 year chart is unreal and pays a nice dividend. Obviously some ESG issues with this business due to the pokies so you need to put your own filter on that.

Impressive management and long term looks handsome if you have the patience.

one of my largest positions IRL