I agree with ya here, just rough for holders to potentially get diluted twice in a year because the bananas in charge didn’t raise enough in the first one. I don’t think SGR is going bankrupt. I hold Brookfield so if Oaktree does come along in some kind of debt/convertible offering if would be funny to own both sides of this!
There’s a srs moat here in the sense that it’s unlikely a new casino gets opened in any SGR market in our lifetimes.
Spinning off the real estate is a very USA thing and I wouldn’t be surprised it is was considered here? maybe VICI comes along as part of an international expansion hehe
News: SGR Star Entertainment expects hit from New South Wales casino tax reform, page-400
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Last
23.0¢ |
Change
-0.010(4.17%) |
Mkt cap ! $666.9M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 22.5¢ | $3.135M | 13.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 112 | 5424257 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 1215021 | 16 |
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| SGR (ASX) Chart |