SGR 1.09% 45.5¢ the star entertainment group limited

Ann: Notice of 2024 Financial Year Results Date, page-43

  1. 101 Posts.
    lightbulb Created with Sketch. 32
    Not all. I accumulated more today.

    Sold the rumours, bought the fact. Won't be a surprise that Fridays results will confirm its been a challenging environment.

    However my thesis is unchanged. The risks I commented on a year ago are reduced, and trending down. QWB grand opening is tomorrow and this will get some press coverage.

    I predict:

    - licences will not be cancelled in NSW AND Qld. Ongoing supervision is a strategic win.
    - finances will improve in 2025
    - compliance remedial work will run its course.
    -fine will not be as big as feared.
    - new management will do better and more talent recruited.

    What else is keeping thos SP down? Am I missing something?

    Whether turnaround or takeover, these shares are undervalued. So I bought more.

    DYOR. NFA.
 
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