We have to see how this plays out.
But the annoucement has done wonders for compressing the share price!!!
Enabled me to buy a first position, smart or not, time will tell
At first glance, it seems like even if the threat goes through, its a 'one off' rather than recurring.
According to Morningstar:
If true by FY25, will be long and dusted, with an EPS of 20c and a DPS of 15.6c.
On $1.71 average purchase price, it screens as ok and should make money.
But the risk is these are historical casino assets.
1st position from which I can take time to think and review future announcements as they come through.
Ann: APPLICATION TO TEMPORARILY SUSPEND NZ CASINO LICENCE, page-22
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