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45.0¢ the star entertainment group limited

News: SGR Star Entertainment expects hit from New South Wales casino tax reform, page-471

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Tren1

1,848 Posts.

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25/09/23

13:37

Post #: 70011763
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Originally posted by 1357.al.toh: ↑

Someone said 10c, hard to believe, but depending on your current average price, this is a blessing.

Let's say your average is 75c (last close). At 10 for 1, if you have 10,000 share, you will now be able to have 110,000 shares.

Price: 10,000 at 75c and 100,000 at 10c = average 16c a share.

Not bad if you ask me but obviously this is the best someone could have attained as the 75c was at 52-week (or ATL).

Hence, the share price will get murdered on Wednesday but as long as it does not go below 16c, there is lots of money to be made.

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10 to 1 being for every 10 shares u have u get 1

not for every 1 share u get 10

SGR Price at posting: 75.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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