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Crytologic (CRYP) Conference Call - 3rd Qtr Results - 11/3
TORONTO--(BUSINESS WIRE)--Oct. 19, 2005-- CryptoLogic Inc. (TSX:CRY - News; NASDAQ:CRYP - News; LSE:CRP - News) announced today that on the morning of Thursday, November 3, 2005 before the market opens, the company will release its financial results for the third quarter ended September 30, 2005.
Lewis Rose, President and CEO of CryptoLogic, cordially invites you to participate in the company's analyst/shareholder conference call to be held on November 3, 2005 at 8:30 a.m. (Toronto time). A live webcast of the call will also be available. Management will review the financial results for the 2005 third quarter and discuss recent developments, to be followed by a question and answer period. Conference Call --------------- Date: Thursday, November 3, 2005 Time: 8:30 a.m. Toronto Time Local Dial-In Number: 416-695-6120 Toll Free North America: 1-877-888-3855 Toll Free International: (Country Code) 800-4222-8835 To participate in the call, please dial 416-695-6120, 1-877-888-3855 or 800-4222-8835 five to ten minutes prior to the 8:30 a.m. start of the teleconference. This conference call will be recorded and available for replay approximately one hour after the completion of the call, up until midnight November 10, 2005. To listen to the replay, please dial 416-695-5275 or 1-866-518-1010. A transcript of the call will also be made available on CryptoLogic's website at www.cryptologic.com under Investor Information. Webcast To access the live audio webcast, please go to www.cryptologic.com and click on Investor Information, or www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1274900 prior to 8:30 a.m. Windows Media Player is required to listen to the webcast. If you do not have the player, a free download is available at www.microsoft.com. A rebroadcast of the webcast will be available on www.Q1234.com and www.newswire.ca/webcast/ under Archives for 30 days. |
#2
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Re: Crytologic (CRYP) Conference Call - 3rd Qtr Results - 11/3
Just another reminder about CRYP earnings release this week!
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CRYP increases dividend
TORONTO--(BUSINESS WIRE)--Nov. 1, 2005-- CryptoLogic Inc. (TSX:CRY - News; NASDAQ:CRYP - News; LSE:CRP - News), a leading software developer to the global Internet gaming market, announced today that its Board of Directors has approved a 40% increase in its quarterly cash dividend to US$0.07 per common share (an annual rate of US$0.28), up from US$0.05 per common share. The US$0.07 per share quarterly dividend will commence with the company's next dividend payable on December 15, 2005 to shareholders of record as at December 8, 2005. The ex-dividend date will be December 6, 2005.
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Re: CRYP increases dividend
This will make for an even more interesting conference call tomorrow morning. CRYP is sitting on a heavy pile of cash, and management apparently believes distributing their cash back to shareholders is a good use of the money. That's not the kind of action I would expect from a small-cap growth company. Could this be a move meant to brace their stock against a slowed/negative earnings growth report?
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#5
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Re: CRYP increases dividend
What do you think CRYP should be doing with their cash?
Remember, they are basically a software company, taking a piece of the action... essentially they are rolling in money and couldn't possibly spend it all on expansion activities... returning some of the cash horde to their stockholders is better than it sitting in their bank account doing nothing. |
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Re: CRYP increases dividend
True... Also CRYP already announced their intention to repurchase up to 10% of their shares on the open market. And rewarding investors through dividends is definitely better than a lavish executive reward package. It just seems strange when a supposed small-cap growth stock sees no growth to the point where it makes more sense to distribute its earnings. The management really can't figure out anything more profitable to do with it?
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Re: Crytologic (CRYP) Conference Call - 3rd Qtr Results - 11/3
I'll be listening and will share my thoughts afterwards.
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Re: Crytologic (CRYP) Press Relase 3rd Qtr earnings
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Re: Crytologic (CRYP) Press Relase 3rd Qtr earnings
CRYP trading up to 19.50 in premarket trading!!!
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Re: Crytologic (CRYP) Press Relase 3rd Qtr earnings
Wow! CRYP delivered an incredible earnings report today. Earnings were up big both on the casino and poker side. Surprisingly, casino revenue increased faster than poker revenue. Management continued to reiterate their belief that the current market valuations of their stock does not reflect the true value of the company. On the topic of their cash stockpile, management quoted Warren Buffett on the prudent use of the money. Along with established plan for an increased dividend and maximum share repurchasing, management also discussed the possibility of a special dividend as well as the profile for acquisitions of other software developers that specialize in skill games such as mahjong, chess, checkers, backgammon and developing mobile software platforms. Looking forward into 2006, William Hill and UKBetting contracts expire in 2006.
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