Can't see the Share Price at the Covid 19 low in March/April 2020 of $6.20.
However despite recent market strength S& P 500, NDX and ASX (one thing going for Crown) a price drift down is on the cards. Star withdrawn, Victorian licence at Risk (75% of profits) and Sydney an indefinite uncertain lockdown and future. As soon as Blackrock comes out and withdraws then we will see see it plummet further. Think at $8 reasonable buying coz there has been interest furthermore assuming in 12 months life returns to normal there will be pent up demand if we are not by that time in a serious recession!
If a few things go against Crown; 1) Blackrock Withdraws 2) Lockdown continues to September 3) Most importantly they have a bad outcome in Victorian licence then we could very well see those 2020 lows
CWN Price at posting:
$10.02 Sentiment: Sell Disclosure: Not Held
