SGR 1.05% 48.0¢ the star entertainment group limited

Knowing SGR this will fall when the markets open again. but I...

  1. 247 Posts.
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    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.
 
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