Knowing SGR this will fall when the markets open again.
but I don't think any of this was unexpected.
last update had Queens Wharf opening in April 2024 so an extra 4 month delay (if we are lucky).
100m max settlement to complete QW could have been far worse. I can't remember what the scaremongers were penciling in on the final costs but I'm sure it was far heftier.
give it a week and I think the share price will rebound again. Markets punish uncertainty and two uncertainties have been removed.
star makes about $20M ebitda every month so the $100M can be covered with earnings.
Ann: Queen's Wharf Brisbane - Settlement with Multiplex, page-12
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Last
48.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.376B | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 47.0¢ | $543.6K | 1.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 162045 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 277969 | 29 |
View Market Depth
| Last trade - 10.41am 14/06/2024 (20 minute delay) ? |
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Last
48.3¢ |
Change
0.000 ( 1.62 %) |
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| Open | High | Low | Volume | ||
| 48.0¢ | 49.0¢ | 48.0¢ | 734276 | ||
| Last updated 11.01am 14/06/2024 ? | |||||
| SGR (ASX) Chart |