It's no secret that commercial property is in a downturn from the Retail REIT's to Landlease selling assets, but most Star shareholders are long and to value Star assets in this " current climate" is not what value investing represents IMO as prudent investors see undervalued Star assets and that's why HRH etc want the business - How much would Queens Wharf be possibly - Market Cap in a low interest environment as we approach the Brisbane Olympics.with strong earnings - ?
Crown traded in the $6.00 range under Packer in those troubled days but what was the eventual result for Crown Shareholders playing the long game - $14 .50 approx for SH
Crown's location in Sydney is the old site of Union Bulkships ( Darling Harbour Wharfs) and it's not what I call the CBD of Sydney and no main gaming floor.I think this is a major issue for Crown Sydney .
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