My 5 cents worth:
- Star has accounted for a fine of ~$350 million (based on Feb 2023) in their announcements, unless I missed something ... anything above this will possibly impact share price negatively, but I think that would be temp only
- If fine is greater than $350 million they still have capacity to borrow (as debt significantly reduced)
- Business is still generating good money which will counter possibility of going into receivership
- I think talk around a 2nd review, and this is just my opinion, is to keep the pressure on Star to get its ship in order as massive changes were required which cannot be done quickly without jeopardising the business
- the casinos are too important for government for tourism and job reasons
Hopefully this announcement will be around the fine and not above $350mill; if less than SP might go up
I think this is a buy, but with an elevated level of risk
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Last
45.0¢ |
Change
-0.010(2.17%) |
Mkt cap ! $1.290B |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 45.0¢ | $7.483M | 16.47M |
Buyers (Bids)
No. | Vol. | Price($) |
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19 | 1270204 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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45.0¢ | 1844197 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 955380 | 0.445 |
34 | 984508 | 0.440 |
13 | 401324 | 0.435 |
18 | 668910 | 0.430 |
9 | 163528 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 828156 | 2 |
0.455 | 52914 | 2 |
0.460 | 334647 | 8 |
0.465 | 182597 | 3 |
0.470 | 178875 | 4 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
45.3¢ |
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Change
-0.010 ( 1.48 %) |
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Open | High | Low | Volume | ||
48.0¢ | 48.0¢ | 45.0¢ | 3302401 | ||
Last updated 15.59pm 31/05/2024 ? |
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