Ann: H1 FY24 Results Presentation, page-29

Yet another disastrous (what else) announcement from SGR, never fully recovered from that NSW Govt (read taxpayer) $Mn bailout in late 2023 that was touted and promoted by many as the infection point for a SGR recovery. NSW Govt should be rightly concerned as to the security of those taxpayer funds (for a multiyear program of tax concessions) in view of the parlous state of the business going forward.

As to all the finger pointing by many members as to re-regulation and the Independent Regulator being the sole factors, well, it is entirely self-inflicted by SGR. Refer to all those Independent Reports, failed to even recognise the need for remediation, not so for the former Crown.

Would not read too much into the intraday trading, just ground hog day, SGR is merely a trading only type stock for the day traders and hedge funds.