They have enough headroom and ample undrawn debt lines. What's interesting about this is that NTA for the stock is ~$2.00 which implies that the business "gaming revenues" is being valued at 12c. The underlying real estate that SGR owns is irraplaceble. Its a real estate play that needs to be unlocked , hence why Blackstone was eager to take out Crown. The underlying value of Crown Melb for mixed use development presents significant upside.
I took some good profits from SGR during COVID, i am back in at below $2 - a company that has significant headwinds ahead however backs by "real assets" that need to be unlocked
Ann: Potential reforms to NSW casino tax regime, page-50
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $645.4M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 21.5¢ | $2.513M | 11.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 2372550 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 524249 | 15 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SGR (ASX) Chart |