Very interesting idea. @39cents SGR is almost certainly worth that without the NSW casino license.
At a certain point, you can say, 'You know, Mr. Governance, just F-it here is my license. It just won't generate any profit for our shareholders; we are just a collection agency for the state treasury. So, we are throwing in our chips and rebranding without a casino floor'
Refocus as the best "club" venue in Australia, specifically for pokies, casino lite.
Because all the best management consultancies won't lift a finger before reading what randoms on HC write, another option is that since the NSW casino license has become such a noose around the share price's neck, and the casino has become such a liability in NSW, divest it, e.g., 5 cents for the prime business without NSW casino floor, 1 cents for the casino floor(SGR-NSW_Casino, SGR-Prime). I would go so far as to say that SGR without the NSW casino license is going to be worth] double the value 39 cents to the market. Maybe the NSW Casino floor license is worth pennies, but still, each SGR shareholder could receive 2 shares. I would say that without separation, they would be worth far more separated than combined.
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Last
47.5¢ |
Change
-0.005(1.04%) |
Mkt cap ! $1.362B |
Open | High | Low | Value | Volume |
47.0¢ | 48.0¢ | 46.5¢ | $5.005M | 10.53M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 471369 | 47.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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48.0¢ | 313823 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 471369 | 0.475 |
26 | 945031 | 0.470 |
16 | 741837 | 0.465 |
29 | 896677 | 0.460 |
23 | 792235 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 142642 | 8 |
0.485 | 127542 | 4 |
0.490 | 490323 | 10 |
0.495 | 413615 | 6 |
0.500 | 270225 | 8 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
47.5¢ |
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Change
-0.005 ( 0.29 %) |
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Open | High | Low | Volume | ||
46.8¢ | 48.0¢ | 46.5¢ | 3346372 | ||
Last updated 15.59pm 24/05/2024 ? |
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