• Year over year SGR has lost more than half its value.
  • The company reported a $2.35 billion dollar loss in FY 2023.
  • Star is facing licensing troubles and lawsuits in Queensland and New South Wales.

Star Entertainment Group boasts the Gold Coast Convention Centre along with three more properties in Queensland and one in Sydney.

The company is digging itself out from under lawsuits and regulatory concerns over money laundering issues. The company does have major expansions at the Queens Wharf Development in Brisbane, and master plans for additional tourist assets at the Star Sydney and the Star Gold Coast.

ASX SGR - 15th Jan

Source: ASX

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The company listed on the ASX as Star Entertainment in 2011 and has seen dismal share price performance since – down 84.4% since listing; 86.6% over five years; and year over year down 67.2%

 

Top Australian Brokers

 

An analyst at Red Leaf Securities has a BUY rating on Star Entertainment Group shares, despite the massive drop in the share price year over year and the staggering FY 2023 profit loss, believing the stock is oversold with the market ignoring a possible recovery or takeover.

The analyst community seems unconcerned over the company’s troubles in Queensland and New South Wales.

Marketscreener.com has a consensus BUY rating on SGR, with five analysts at BUY, two at OUTPERFORM, and one at HOLD.

The Wall Street Journal has a consensus OVERWEIGHT rating on SGR shares, with three analysts at BUY, two at OVERWEIGHT, and one at HOLD.

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