Ainsworth Game Technology (ASX:AGI) reported another strong result in 2014 with a 23 per cent jump in revenue and 18 per cent rise in profit to $61.6 million. Still, group revenue and profit were below expectations. Ainsworth has an extremely strong balance sheet with net cash of $72m. It paid a final dividend of 5c a share, taking the total payout to 10c a share, unfranked. That is expected to rise to about 11c per share in 2015, giving a yield of over 5 per cent. Ainsworth says it expects to generate franking credits in 2015 so that future dividend payments will be at least partially franked. At $2.15, Ainsworth is trading well below our valuation of $2.52 a share. Read more (VIEW LINK)