Surprised this thread hasn’t been moderated for ramping.
SGR is not cheap in my view based on fines, likely write downs of licenses/property values, large debt with rising rates and a low cash position. Add in the fines to be paid and worst of all a much higher state tax levy which will reduce its profits forever going forward. Lastly, extra regulation costs then of course likely falling property values. Why buy SGR as a property play? I can buy a REIT at -30% to book value…
US markets now falling again, I’d rather look at safer waters for bargains.
The other risk is if SGR needs extra capital. Will institutions back it given the horrible ESG ratings and fines? It’s questionable.
MAJOR TAKEOVER TARGET!, page-31
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $760.2M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 25.5¢ | $4.483M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 350999 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 765141 | 20 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SGR (ASX) Chart |