SGR 1.94% 52.5¢ the star entertainment group limited

Ann: 1H FY20 Results Announcement, Accounts & Financial Calendar, page-21

  1. 295 Posts.
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    SGR looking good at or around these prices IMO.

    The next HY result will likely be poor, so share price may well drop further - but I'll be holding until Queens Wharf is in full swing, so am not too worried. The big picture of Australia as a desirable travel location has not changed, nor that of SGR being a quality operator with "lotsa money" Asian partners. I have been adding a bit every 10% drop or so - seems like a reasonable way to lower my average price per share.

    I think FLT is in a similar boat FWIW. They're much more 'global' than SGR though - but despite the current fears, do you really think that travel (both consumer and corporate) is going to drop long-term?

    Don't panic, pick strong companies with decent balance sheets, and think long-term. A divvy helps, as you're getting paid to wait. Cheers!
 
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52.5¢ 52.8¢ 52.0¢ $4.636M 9.055M

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11 123241 52.0¢
 

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