SGR 44.4% 25.0¢ the star entertainment group limited

Cap Raise and Debt restructure, page-22

  1. 153 Posts.
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    QW opening is the biggest scare at the moment. SGR desperately needs the cashflow. I am a bit concerned with the legal noise with Multiplex too. Glad Multiplex is big enough to put me at ease with their ability to finish the project.

    AUSTRAC fine might be within the $150mil provision. Killing SGR and putting people unemployed in no one's interest. Also if you go by Mkt cap now, it would look pretty huge at $150mil in proportion. Not a reason for AUSTRAC to lower a fine but politically it looks pretty harsh.

    Managing risk on holding SGR is hard as it is really at the whim of institutions.

 
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