Rating, page-6

probably not a bad way to play SGR - I will likely do similar.

I think LT they'll do really well - SGR certainly have a grand vision and Australian tourism has strong fundamentals (and I don't see why this'd change).

But so much development Capex over the next handful of years, will keep downward pressure on the stock IMO. I don't predict stock prices, but I expect this won't "take-off", until a lot of their big developments are completed (or at least a lot closer to completion). The recent announcements showed that they did very well from the Commonwealth Games (as expected) and the Sydney developments. International VIPs are coming back too - so they're on the right track IMO.

I see this Co. as a reasonably safe place to park $ for 5-10 years and collect a fair divvy in the meantime - not as a way to "get rich quick". SGR should be much stronger once Queen's Wharf is completed - though I assume they'll still be doing other big Cap Ex developments then (Gold Coast towers for eg.) , so have no idea when the market'll think this's worth a much higher SP?

That Gold Coast real estate (6 Ha of Freehold land) must be worth a fortune though! SE QLD area is developing very quickly.