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46.5¢ the star entertainment group limited

I hope they take the license. Sell the property as a hotel,...

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rubs1973

590 Posts.

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16/04/24

18:03

Post #: 73373038
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Originally posted by Oldbloke: ↑

I think the most likely outcome of Bell 2 is that the regulation remains in place at the Star until someone can be found who is willing to take over the licence. Unfortunately, I think that will happen through the mechanism of some kind of voluntary administration arrangement because no one will lob a takeover offer until: a) the AUSTRAC fine amount is known and b) what regulation the new licence holder would be subject to. In the time it will take to identify someone we will have paid another year of $1M salary at least and the best and likely way forward will be for the Board to appoint administrators to broker the deal. When that happens, the private money that comes to buy it will not want to pay much so I expect such an offer will struggle to reach $1.10/share unless the above matters are resolved. I'm continuing to hold but fully expect to this to end badly for (almost) all retail holders. I'm not trying to be pessimistic but I think it's too far gone now as a business with no end in sight to the regulation.

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I hope they take the license. Sell the property as a hotel, commercial space.e.g movies, theatre,shops. Concentrate on goldcoast and brisbane. Share price will spike

SGR Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 46.5¢		Change -0.005(1.06%)		Mkt cap ! $1.333B

Open	High	Low	Value	Volume
45.5¢	46.5¢	45.0¢	$6.047M	13.13M

Buyers (Bids)

No.	Vol.	Price($)
17	675708	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.5¢	787879	8

View Market Depth

No.	Vol.	Price($)
15	582367	0.460
14	1874484	0.455
73	2405972	0.450
23	732087	0.445
22	583344	0.440

Price($)	Vol.	No.
0.465	277666	4
0.470	954479	22
0.475	540291	8
0.480	534987	10
0.485	338491	8

Last trade - 16.10pm 25/06/2024 (20 minute delay)

SGR (ASX) Chart