Note: I am not long or short, or interested at 60c.
For the retail & insto punters who can't be bothered to read financial statements - this de-risks SGR in the short to medium term. Gives them ability to pay fines and fund balance of Queens Wharf and Tower 2.
However, it doesn't de-risk them entirely because they have a heap of off balance sheet debt in their Queens Wharf and Star Gold coast JV's. If Queens Wharf doesn't perform, and that is a real risk because retail & casino operations don't automatically go right, then they'll have another debt issue in a few years time.
Ann: Investor Presentation, page-11
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Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $1.434B | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 51.0¢ | 49.5¢ | $2.672M | 5.341M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 210265 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 244951 | 9 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| SGR (ASX) Chart |