Investment Q&A

Q: Peter, I have a half position in ATHN and I am consider replacing it with AYA. Your thoughts?
How is your training going? I have donated once and thought I would donate again once you get on your bike in Vancouver and again when you get off it in Halifax.

Stephen

Q: Amaya Aya received regulatory approval and shareholder approval. So is it a done deal? Do they actually own rational now or are they still doing due diligence on the company and is it still a possibility the deal may not close if they find skeletons in the closet?

Q: Please comment on Amaya's quarter.

Q: Hi, I would like to buy AYA. Is it better to buy before Thursdays earnings are released or after?

Thanks.

Q: Hi is it usually for a person to be a Chairman of the Board, President, Chief Executive Officer, Treasurer, Secretary.. this is regarding AYA.TO thanks.

Q: re:AYA

Morning team

As follow up on your answer for Helen, are you able to give us an idea re: target price moving forward?

Thanks for all you do

Gord

Q: I was looking for some more detail on your double down approach. My position in AYA has increased from 7%, to now 14% of my portfolio. I am ok with the risk of having a very concreated position as i regularly have positions over 10%. My question is what would you use as a trigger to purchase more AYA, or would you just let the market price increase and increase the position. Would you wait for a 25% gain and then by more or some other approach. As always great service.

Darcy

Q: With AYA having received regulatory approval does that mean all the hurdles have been crossed and the deal will actually close in September. I am thinking of adding to CF and was waiting to make sure that they would get their big payoff from the AYA deal. Thanks so much.

Q: Hello 5I

I have recently seen an analyst report looking at forward earnings for AYA. I believe that they estimated 2.50/share for F2016. A forward multiple of 15x would put AYA into the 37.50/sh range. My questions are:
1 Do you believe that this is a reasonable projection based on the current state of the company?
2 Do you foresee any issues with the shareholders rejecting the deal and/or the deal not going through?

I have already trimmed this position once after the news came out -at a tidy profit- and it is currently sitting at 10% of the PF. As this is a conservative PF I would rather play it safe however most of the initial capital has been recouped from the trimming.

As always I look forward to your thoughts!
Have a safe charity ride and stay healthy!

Phil

PS For those of us into the road biking world.. what are the full specs on your new ride?

Q: Peter and Team,

It appears as though AYA Amaya Gaming has received regulatory approval for their acquistion of Rational Group. Are we "home free" here on a regulatory front?

I am holding this as I expect big things but would love any updates on your thoughts about Amaya.

Thanks!

Q: Now that amaya has all regulatory spprovals for purchase of rational what is your target price or a better question where do you see it going from here. Dave

Q: AYA
Are the Subscription Receipts forming a part of the new financing available to the public. I believe they were offered at 20.00 with no specific conversion guarantee or privilege.
Thank you.

Q: AYA
I just heard that Amaya is considering a dual listing with either New York or London being the secondary exchange. Firstly, would this generally be considered positive, neutral or negative for the stock price on the TSX?; secondly, would there be a greater benefit for the stock to be listed in one over the other?
Thanks!
Cheers,
Mike

Q: have you read the amaya story on LES AFFAIRES (5 juillet issue)They seem to think that there is a lot of risks. is it better to sale now.
thank you.

Q: Hi 5i Team
A question about the income portfolio. The names that you have not done a report on that are on the portfolio. How do you decide to choose these names over others in the same sector?
If you were to be doing the yearly report right now, would AYA remain on the income portfolio with such a huge gain on this stock that has already happened?
Thanks
Kathy

Q: Hi Guy's

Why are the Amaya (AYA) preferred shares not going to be listed on an exchange? How would a retail investor obtain them or does this mean they are intended for the "in" group of backers only?

Regards
John

Q: as you've mentioned, although AYA has had a good run a number of things could derail the train eg a negative earnings report, or a negative response from US regulatory agencies. Do you know when the regulatory response is expected and the date of the next earnings release? Thanks

Q: re: AYA & June 22 answer for Jeff re weighting

I see your comments for Jeff on portfolio weighting as being very wise and are comments we should all respect.

Originally my portfolio weighting for AYA was 2%. With the recent rise it is up to 4.6%. Should I be trimming this down?

You know that little voice inside my head wants me to just "let it ride."

Thanks for all you do

Gord

Q: Peter and Team,

Any thought on Amaya's announcement this mornging that they are increasing the size of the preferred share offering? They are convertible at $24 so my first thought was that this is good and that there is demand from the group of pros investing here for stock at $24. However, I wonder why Amaya would do this... I thought they knew how much money they needed to do this deal when it was originally announced. What are the new funds to be used for?

Thoughts?

Q: Based on the price appreciation of Amaya this month the Model Portfolio weighting has likely gone from 5-6% to 10-11%, unless there's been a reallocation, as there was in May. I get the philosophy of not wanting a position to get too large in a portfolio but surely this idea might be counterbalanced sometimes by the idea of letting your profits run (and not adding to your losers) particularly on a stock that has such a great promise. If profits were taken on AYA on the way up, at what point was the decision made to do so, and what was the rationale behind it? Thanks, J.