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45.0¢ the star entertainment group limited

Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-692

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tigermum22

44 Posts.

2

07/05/24

11:15

Post #: 73700917
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Originally posted by AlganonAU: ↑

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.

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Averaged down yesterday nfa dyor

SGR Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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