SGR share price first began to collapse when media reported that...

SGR share price first began to collapse when media reported that NSW Planning Dept would recommend against its proposed Ritz-Carlton luxury hotel/apartment development in Peirmont.

Fairfax/Ch 9 expose into Crown junket operators occurred after. Some HC posters may be underestimating the potential impact of this media storm on Star. If AFP aggressively ramps up scrutiny of junket operators, it will cause pain for everyone

These two developments were exacerbated by post-FOMC stock slump and ratcheting up of tensions in the US/China trade dispute

The coalescence of bad news makes it difficult to identify impacts of particular events. But it’s clearly helped push share price down to very cheap levels despite sound fundamentals. I’m buying.

Eye on the Queensland governments GC IRC RFP process though, as will be another significant price catalyst, for better or worse