SGR 1.92% 26.5¢ the star entertainment group limited

Ann: Trading Update, Cost Initiatives & Sydney Strategic Review, page-2

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  1. 370 Posts.
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    What a disaster.

    Downgrade to ~$300m EBITDA before a whole heap of costs, which in reality will be recurring ie. increased legal & consultant costs for higher compliance requirements.

    So really means more like $260m EBITDA on an annualised basis.

    They spend ~$300m on maintenance capex per year, so operating cashflow is either negative or nil and thats before interest costs.
 
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26.5¢
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Mkt cap ! $760.2M
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26.0¢ 27.0¢ 25.5¢ $4.483M 17.09M

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6 350999 26.5¢
 

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27.0¢ 765141 20
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