SGR 4.30% 48.5¢ the star entertainment group limited

I agree with Tren1, I have been there a few times late at night,...

  1. 142 Posts.
    lightbulb Created with Sketch. 28
    I agree with Tren1, I have been there a few times late at night, it is pumping. Drinks are very expensive, but the bar is still full.

    Once the Queen Street property is finished in the next year, the share price should rise. The Government does not want the Star to be out of business, due to jobs, so the fines may be harsh, but not over the top.

    EBITDA is strong, property values high once finished and debt will be lower. You can buy the shares now, without any premium on the underlying properties/business. It basically has no real competitor in Sydney/Brisbane (Crown is just high rollers and no poker machines).

    The short sellers mentioned above, who are talking down the Star, will have to buy back their shares to give back to their owners at some stage, I guarantee they buy back in before the Queen Street property completion is announced.

    I am thinking with a 2 year horizon - positive thoughts.
 
watchlist Created with Sketch. Add SGR (ASX) to my watchlist
(20min delay)
Last
48.5¢
Change
0.020(4.30%)
Mkt cap ! $1.391B
Open High Low Value Volume
46.5¢ 49.5¢ 46.5¢ $5.316M 10.98M

Buyers (Bids)

No. Vol. Price($)
13 379490 48.5¢
 

Sellers (Offers)

Price($) Vol. No.
49.0¢ 375769 8
View Market Depth
Last trade - 16.10pm 04/06/2024 (20 minute delay) ?
Last
49.0¢
  Change
0.020 ( 6.38 %)
Open High Low Volume
46.5¢ 49.5¢ 46.5¢ 4598398
Last updated 15.59pm 04/06/2024 ?
SGR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.