Hello all, first time posting about SGR.
The company made $1.5 billion in revenue last financial year despite the lockdowns. It still has $3.5 billion in net assets and $82 million in the bank notwithstanding its revenues for this year. It didn't make positive EBITDA in FY21-22 but we all know what went on in that year and that was the first time in over 10 years it ran at any sort of loss. Notwithstanding the possibility of a takeover in the future, if it had to SGR would have no problems getting investment from debt facilities or capital raising.
The quite rightful fines SGR has to pay, its costs of returning to legal and moral compliance and the (as yet unknown as to the details) NSW gambling tax will leave it in the doldrums for a while but I don't think there is any real risk of SGR going bankrupt. Not even NSW treasury wants to kill the goose that lays the golden eggs. If you are willing to wait and even dollar cost average in for the next few years, especially at these prices I think the risk reward for SGR is pretty good long term.
- Forums
- ASX - By Stock
- Ann: Potential reforms to NSW casino tax regime
Hello all, first time posting about SGR.The company made $1.5...
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGR (ASX) to my watchlist
|
|||||
Last
50.8¢ |
Change
-0.008(1.46%) |
Mkt cap ! $1.463B |
Open | High | Low | Value | Volume |
51.5¢ | 52.0¢ | 50.0¢ | $3.592M | 7.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 467735 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 240742 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
46 | 481070 | 0.505 |
55 | 1487577 | 0.500 |
16 | 522622 | 0.495 |
26 | 1536980 | 0.490 |
14 | 250866 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 332926 | 34 |
0.515 | 473245 | 37 |
0.520 | 442116 | 16 |
0.525 | 318311 | 8 |
0.530 | 226686 | 8 |
Last trade - 14.44pm 08/08/2024 (20 minute delay) ? |
Featured News
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
SGR (ASX) Chart |