Because the FORMAL ADMINISTRATION if it happens will decimate the ASX. Many stocks were devastated when Babcock and Brown went into Administration, Macquarie spent years, almost a decade or more recovering after sentiment in its future fell apart.
The ASX will be toasted like a Californian Democrat's dignity if Star goes into Administration.
Whole companies will be under threat related to SGR.
You would not buy a gambling company if SGR collapses and the like of ALP NSW Premier Minns and Albo cling to power.
And all the money laundering/ anti-trust impacted stocks would have to be very low in sentiment, high contagion risk and excessive risk.
Many more stocks down in Australia will be impacted, some devastated by the potential collapse in SGR.
The contagion will be like an everlasting pandemic if SGR is allowed to collapse especially to the money laundering and or anti-trust impacted stocks, businesses and companies like:
Woolworths,
Coles,
Westpac,
NAB,
Bank of Queensland,
AMP,
QBE,
Transurban.
ANZ
EML,
IAG,
Steadfast,
CBA,
Wesfarmers,
Macquarie Group,
CBUS Super,
Aware Super,
AustralianSuper,
Endeavour Group.
Aristocrat Leisure,
Crown Casino,
ClubsNSW,
Super Retail Group,
Sky City,
Qantas,
Virgin,
Seven West Media,
Nine Entertainment Group,
Ampol,
Woodside,
Guardian Learning Centers,
Beach Petroleum
Optus,
Telstra
NIB
Medibank Private
Origin Energy
AMA Group,
Suncorp,
RIO TINTO,
BHP
Fortescue Mining
The Lottery Corporation,
Cleanaway,
A2 Milk,
Beach Petroleum,
Ausbrokers,
Pointsbet,
Sportsbet,
Tabcorp,
GPT,
Stockland,
Dexus,
Mystate,Bendigo and Adelaide Bank?
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