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44.8¢ the star entertainment group limited

Sheraton is 50% owned. Please get back on the lounge and enjoy...

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rubs1973

582 Posts.

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13/09/23

14:38

Post #: 69842258
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Originally posted by Goodsy007: ↑
So big tick payments this year are (on the assumption we successfully refinance our debt):

General Capex guidence 120
1 JV contributions (QWB and GC Tower) 160
2 Austrac 150
3
4 Total 434

Proceeds from the sale of Sheraton Hotel will cover c. $175m after costs so there will be a funding gap of say $250m, which I personally dont think they will be able to reliably fund from operational FCF.

So it will end up being a debt drawdown which may be too much leverage to handle for a business generating c. $300m EBITDA. Could the funding come from another cap raise? Or share issue to the debt funder as part of the refinancing?

Thoughts on the funding gap I have outlined above appreciated
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Sheraton is 50% owned. Please get back on the lounge and enjoy the show

SGR Price at posting: 88.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 44.8¢		Change -0.003(0.56%)		Mkt cap ! $1.269B

Open	High	Low	Value	Volume
45.5¢	45.5¢	43.8¢	$2.239M	5.049M

Buyers (Bids)

No.	Vol.	Price($)
49	232309	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.0¢	703566	49

View Market Depth

No.	Vol.	Price($)
51	207309	0.445
42	633537	0.440
30	596733	0.435
21	723828	0.430
11	289490	0.425

Price($)	Vol.	No.
0.450	681616	47
0.455	379589	27
0.460	375786	10
0.465	428768	11
0.470	1542618	11

Last trade - 15.51pm 13/05/2024 (20 minute delay)


Last 44.5¢			Change -0.003 ( 1.13 %)
Open	High		Low	Volume
45.5¢	45.5¢		44.0¢	2596684
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