ASX:SGRHospitality
Star Entertainment Group (ASX:SGR) Shares Reflect Lingering Balance Sheet Fragility
Star Entertainment Group went into this result priced like a deeply wounded turnaround story, with the stock closing at A$0.125 and trading on a low price to sales multiple against Australian hospitality peers. The headline from the earnings is not revenue, which sits around A$1.3b over the last twelve months. The story is the persistent losses, with earnings from continuing operations running into the hundreds of millions in the red and recent shareholder dilution still fresh in investors...