Knowing SGR this will fall when the markets open again.
but I don't think any of this was unexpected.
last update had Queens Wharf opening in April 2024 so an extra 4 month delay (if we are lucky).
100m max settlement to complete QW could have been far worse. I can't remember what the scaremongers were penciling in on the final costs but I'm sure it was far heftier.
give it a week and I think the share price will rebound again. Markets punish uncertainty and two uncertainties have been removed.
star makes about $20M ebitda every month so the $100M can be covered with earnings.
Ann: Queen's Wharf Brisbane - Settlement with Multiplex, page-12
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51.5¢ |
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