Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-748

Even this (H)optimist would doubt such a high MC as that figure would correlate to a SP.

[A] My view is a fair value price, or takeover price MC and SP figure has a baseline that takes into account the value of net value of assets like property, the current revenues the business generates without gambling, and future revenues from Queens wharf which will host 50+ tenant businesses paying rent and their customers roaming in the precinct.

I would subtract an estimate for regulatory fines, and other potential liabilities.

[C] i would then add to that baseline some consideration for if the QLD licences and NSW licences are granted either restricted or unrestricted, and make a judgement call on growth. I am optimistic on this.

[D] after this i would dock a risk discount.

= Value: to arrive at what i think the MC and SP may likely be for a takeover offer or if there is a successful turnaround.

A - B + (C*D) = Value.

Your view on each of these components, or if some things should be added or ommitted may be different to mine. However my view is the price ought to be much higher than current share price. So i buy. I continue to accumulate, and I cannot be the only one aroubd to see the deep value here.

DYOR NFA.