NTA is a worthwhile lens to view this stock. On that basis alone the stock is very undervalued. Consider net value, subtract fire sale discount, then subtract market cap and you have a big undervalue gap.
I see the EV of the total business, including casino, increasing, thereby enhancing value. This may be contrarian to some in this forum. The Ev, together with NTA further adds to why i see deep value unappreciated here.
Results tomorrow will reflect short term conditions, we all know that. Stock value is more than the past, it is forward looking.
What has changed in 12 months? Things haven't gotten worse, things are getting better.
The expected bad news was already priced in a while ago. This short term sentiment doesnt change the underlying value and future growth. Hence i call this a buy.
DYOR. NFA. Accumulated more today.
NTA is a worthwhile lens to view this stock. On that basis alone...
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $760.2M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 25.5¢ | $4.483M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 350999 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 765141 | 20 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SGR (ASX) Chart |