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.
Very interesting idea. @39cents SGR is almost certainly worth...
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Last
45.0¢ |
Change
0.005(1.12%) |
Mkt cap ! $1.290B | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.8¢ | 44.0¢ | $1.989M | 4.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 252995 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 862081 | 13 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
45.0¢ |
Change
0.005 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| 45.0¢ | 45.8¢ | 44.0¢ | 3187680 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SGR (ASX) Chart |