The Star Entertainment Group Ltd

SGR: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$1.51	Fsqm	Lcrt

Star Entertainment Earnings: Liquidity Issues Overshadow Fiscal 2024 Results

Angus Hewitt

Sep 26, 2024

Looming liquidity concerns delayed no-moat Star Entertainment’s financial results, with the shares suspended from the start of September. But the casino now has breathing room with new debt and associated covenant waivers, buying time to secure a stronger financial position. We cut our fair value estimate 22% to AUD 0.67 per share given weaker earnings forecasts and a likely value-dilutive equity raise.

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