SGR 8.49% 28.8¢ the star entertainment group limited

Rock on: Brisbane Develop gets involved, page-69

  1. 529 Posts.
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    Happy to be corrected if I am wrong but there are 2.8b shares on issue, p.6 of notice of 19/10/23.

    https://hotcopper.com.au/data/attachments/6195/6195296-9442e4832ca7020dafc553624709f818.jpg

    From what I can see, SGR's market cap (MC) has hovered between $3-$3.7b throughout the last decade excl. the recent debacle.

    If it were to return to its previous historic MC then:
    MC of $3b = SP of $1.045
    MC of $3.7b = SP of $1.29


    Not sure how much if any premium a TO would offer given SGR is in a distressed state so $1 might be a fairer SP, IMO.

    As always, DYOR.
 
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