SGR 2.27% 21.5¢ the star entertainment group limited

Ann: NSW Casino Duty Rates Update, page-167

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  1. 5,606 Posts.
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    Yes, some useful points there.

    Re Coles and its sp shellacking today. According to one analyst, the market was spooked by the extent of the "trade loss", or in our jargon, in -house thefts, nearing 20% (?) and the necessity to invest in the roll out of high cost technology and AI to combat these increasing negatives for the bottom line.

    As to gambling, never had much time for "gambling held up in recessions" and so on." Just a reheated cliche by brokers and the spivs to encourage a fall-back option for any easy $ in gambling stocks.

    Am not opposed to responsible gambling (increasing regulation now part of the architecture), but it seems to have escaped the current SGR Board. In fact, I am most surprised even disappointed as to the degree some posters have ignored the failings of the previous Boards, despite awarding themselves huge bonuses and such. See link below as an example. Was a SGR holder at the time and communicated my opinions to them on several matters impacting on the business.

    https://www.asgam.com/index.php/2020/10/23/star-entertainment-group-chairman-defends-executive-bonus-payments-amidst-covid-19-pressures/

 
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Change
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22.5¢ 22.5¢ 21.0¢ $4.558M 21.07M

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