SGR 2.08% 47.0¢ the star entertainment group limited

What a disaster.Downgrade to ~$300m EBITDA before a whole heap...

  1. 348 Posts.
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    What a disaster.

    Downgrade to ~$300m EBITDA before a whole heap of costs, which in reality will be recurring ie. increased legal & consultant costs for higher compliance requirements.

    So really means more like $260m EBITDA on an annualised basis.

    They spend ~$300m on maintenance capex per year, so operating cashflow is either negative or nil and thats before interest costs.
 
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