A share price (SP) is expected to reflect all currently available information in the market however inefficiences do happen.
The inefficiency here is the price is valuing the business below zero, undervalues hard property assets, and assumes the worst on all of known risks:
1. SP assumes Austrac fine will be huge.
2. SP assumes casino licence for NSW cancelled.
3. SP assumes some bad news in QLD.
4. SP assumes Brisbane, ie Queens Wharf wont open or be profitable.
5. SP assumes some trouble in selling the old Treasury properties in Brisbane.
6. SP assumes falling revenues.
7. SP assumes no turnaround, no new better management and no takeover offer.
So, if a risk seeking investor assesses any, or even all of these assumptions as ineffecient pricing, this is a buy.
I am acumulating.
Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-674
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $1.405B | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 48.0¢ | $2.508M | 5.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1552122 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 339380 | 9 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
48.8¢ |
Change
0.005 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| 48.5¢ | 49.5¢ | 48.0¢ | 1893658 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| SGR (ASX) Chart |