Since my previous post on topic, Qld Govt announced support for tax deferral, and treasury casino leasehold sold to Griffith University. These are positive steps towards a turnaround.
For a turnaround plan, would next like to see announcements:
1. improving liquidity via new convertable note, extended debt terms, new encumbrance on assets, asset sales, and revenue growth forecasts.
2. Resolution of Austrac unknown sum.
3. Resolution. Of Nicc response to Bell 2 equiry.
4. Updates on QWB staged open, new anchor tenant, opening of retail and food outlets, ball room getting booked.
5. A coherent strategy and narrative for turnaround.
6. More regulatory certainty.
if some, most, or even all of above propsects are met, things start to look a lot better. Turnaround or takeover, this stock is undervalued. With a new reasonable strategy and good leadership and management, the deals will be done and the value manifested.
The more of these done, the better the SP at next open.
DYOR. NFA. NLA. IMO.
Since my previous post on topic, Qld Govt announced support for...
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Last
21.5¢ |
Change
0.005(2.38%) |
Mkt cap ! $616.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 20.8¢ | $3.491M | 16.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1199532 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 1634913 | 16 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| SGR (ASX) Chart |