SGR 5.45% 26.0¢ the star entertainment group limited

Intangibles to be written down as casino licence is worth a...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 11 Posts.
    lightbulb Created with Sketch. 1
    Intangibles to be written down as casino licence is worth a whole lot less, REITs are now falling in value due to higher interest rates. So SGR property portfolio, while world class, is now worth less.
    This company is shaping up to be a property play with cash flow issues.
    I see on Commsec Book Value is around 350cps and NTA around 180cps.
    It is the cash flow from operations that worries me now.
    I have made some buys at 224, 216 and 196.5
    You learn a lot more about a company once you buy it.





 
watchlist Created with Sketch. Add SGR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.