Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-733

The Share Price (SP) this year, with its volatility, assumes the worst of all risk scenarios. The smallest morsel of good news and this stock SGR is very responsive to upside. What if, some, more, or even all; the downside risks are resolved soon, or a buyer/consortium decides takes on the uncertainty for a bargain?

Takeover offer(s) are only a matter of time. At what market cap (price), is speculation. My view is it ought to be higher than closing price today, so I accumulate. How much higher? I have a view.

I notice recent data that PPT sold some on April 16 2024, and bought back much more than before on May 21, 2024. Insiders, major holders accumulating is usually a good sign.


The major shareholders - including BM, PPT and WAM and insiders have no incentive to sell cheap unless under pressure to exit at any price. So sale price will need to satisfy them, may also include scrip in a new structure.

Call me an (h)optimist... my prediction is a soon a new CEO appointed, new C-suite recruited to fill big gaps, new culture emerges, supervised licence granted, and Queens Wharf Brisbane (QWB) to open late August/early September 2024. QWB staff rostering and pokies machine moving plans assume this window. New staff are trained now - first hand observation.

I am accumulating.
DYOR. NFA.