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wow!!! what a ride

$The Star Entertainment Group Ltd (SGR.AU)$ any insights to sell or buy down loss?!? sitting on 8999 shares various buy from highs of .80 to .29 sadly the “gamble has not paid off”
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  • Aariya : bruce and garry buy last fall but need to wait for this time does any institution buy or went to public holding

  • SS Family Fund OP Aariya : Sorry, not sure I entirely understand your comment. Is this a strategy by Bruce & Garry - I would like to know more, please [undefined] - thank you in advance!

  • 151340772 : Also been watching this closely! The fall has surprised me, was kicking myself for not buying at .18… should I buy now? Can offer no insights, sorry!

  • Aariya : star talk is about 20¢ valuation by Morningstar and telling about to go into voluntary administration if cash burn rate higher very risky to do more investment on this

  • SS Family Fund OP Aariya : thank you! that's what my new financial guy said in May 24 and should have listened and just worn the loss 😭 its like another Virgin Australia issue!
    I hope a big name like Blackstone buys it as they did with Crown Melbourne. It's a great company of amazing people (thousands of staff) and has fantastic assets etc

  • Aariya SS Family Fund OP : I got stuck too but I buy as gamble if they recover from here will be big bucks but seem now imaginary unless as you said someone buy out good luck 🤞

  • SS Family Fund OP SS Family Fund OP : lets hope 🙏 so!

  • 151684293 : No one wants this garbage company.

  • 151664368 : you win some you lose some i took the gamble too but got in late at .21 , last buy was at .13, have 8500 shares so 1500 left to go . i am riding this baby all the way down to .00.
    my observation on cashflow is while the casinos have vacant rooms they are not really trying to save it as no point with no casino licence for nsw casinos so only way forward is takeover or rebadge .
    expecting to lose $1300 in the comming month

  • 十倍不是梦 : Star's current Market Cap is 0.316 billion. If its cash flow can survive these 3 months, there will be a space of 5 to 10 times when it receives the gaming license. After the Operation returns to normal, assuming its profit in 2026 and 2027 is half of before, around 70 million, conservatively giving it the previous average PE multiple of 20 times, it should have a Market Cap of at least 1.4 billion. According to the 2024 annual report, after provision, its Assets amount to 800 million, so there is no need to worry excessively, limited downside, unlimited upside!

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