SGR 1.00% 50.5¢ the star entertainment group limited

News: SGR UPDATE 1-Australia's Star Entertainment to put most staff on leave due to coronavirus..., page-4

  1. 1,972 Posts.
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    I'm not sure if I'm a buyer of this rise.

    Personally, I believe it's only up because of the US stimulus package causing a few strong greens days followed by some investors' fear of missing out.

    You have to remember, we aren't making any money. Yes expenses will be down considerably, however, I'm anticipating dividends to be cut or significantly smaller in the distributions ahead as a result. This hiccup to business operations will ricochet from many months after a recovery in the economy and when business operations return to normalised levels.

    I believe it's a hold here, with accumulation below $1.50

    Cheers,
    Dalto24
 
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