The loss of exclusivity in Sydney seems overdone given CWN's...

First 14 Last

Share
Profile

Follow
JCoure

12,929 Posts.

132

05/04/17

22:58

Post #: 23889192
Share

Originally posted by savvyinvestor ↑

perpetual are increasing their holding.
i said on hot copper recently that i thought sgr was a little overvalued when it was 6.00, but now i see the current negative sentiment as a great contrarian buying opportunity as most analysts i have read suggest that the effect on revenues and earnings medium term will be minimal.
a drop to 5.00 was an irrestistable buying opportunity for me.
i agree with major shorting at present that it may go lower as far as 4.50 in the short term, but this is just shorters making money on a wave of sentiment and self fulfilling fear selling.
im quite sure it will bounce back up to 5.50 in next few months once this vip story has disappeared and earning are proven stable and wider market jitters have passed.
the cwn vs sgr war and mirage development is a long term issue that wont really affect earnings in the next coue of years, so we will have to assess it as more details emerge over coming years. i think the fundamentals stack up in terms of profitability but ut deoends whether star or crown creates a superior product or can provide complementary products. the mirage had a strong history of profitability in its prime and it is a blue chip property location. i agree that the risk is over capitalising however im sure the board will weigh up the risk reward of higher vs lower spending on the redevlopment.
im more focussed on short term earnings over the next 1-2 yrs and the other developments at jupiters/ brisbane

Expand

The loss of exclusivity in Sydney seems overdone given CWN's pending problems with the O'Connor jailing dragging on in the P.R.C., the Packer Netanyahu probity checks, the NSW DLGR issues that CWN has continuing and the lack of pace to Barangaroo's Casino.

The 2 Queensland casinos do not exactly compete against each other rather they now compete against CWN's VIC and WA casinos.

SGR Price at posting: $5.51 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 16 more messages in this thread...

First 14 Last

Add SGR (ASX) to my watchlist

(20min delay)
Last 19.0¢		Change -0.005(2.56%)		Mkt cap ! $1.290B

Open	High	Low	Value	Volume
19.0¢	19.5¢	18.5¢	$5.554M	29.29M

Buyers (Bids)

No.	Vol.	Price($)
64	3094169	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	4275257	48

Last trade - 14.20pm 29/11/2024 (20 minute delay)

SGR (ASX) Chart

The loss of exclusivity in Sydney seems overdone given CWN's...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)