SGR 0.52% 48.8¢ the star entertainment group limited

Ann: Successful completion of Retail Entitlement Offer, page-18

  1. 7,230 Posts.
    lightbulb Created with Sketch. 1065
    yeah but look at the devastating effect of multiple capital raisings on dilution of shareholdings:

    Sinking in additional capital to achieve:

    https://hotcopper.com.au/data/attachments/5661/5661279-259baaa716f91aa1c0fc2d54d468a86e.jpg
    3.3c EPS forecast for FY25: that's nearly a bl**dy PE of nearly 20 times.

    In 'better' times, when the market priced casino stocks higher as they where seen as 'safe as houses' with the house always winning:
    https://hotcopper.com.au/data/attachments/5661/5661291-a9b664b4cee5b4490e10c3c03db3bfe3.jpg
    Above is 2015 to 2019.

    Happy to just wait. Burnt capital on the first round, and we still don't know the full final extent of fines, class actions etc.

    And no dividends to compensate me for time.

    When the facts change, I change, what do you do sir?

 
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