ASX Share rice
Sat 15 May 2021 - 03:23:am (Sydney)

SGR Share Price

THE STAR ENTERTAINMENT GROUP LIMITEDSGRConsumer Services

SGR Company Information

Name:

The Star Entertainment Group Limited

Sector:

Consumer Cyclical

Industry:

Resorts & Casinos

GIC Industry:

Hotels, Restaurants & Leisure

GIC Sub Industry:

Casinos & Gaming

Address:

159 William Street Brisbane QLD Australia 4000

Phone:

61 7 3228 0000

MD, CEO & Exec. Director:

Mr. Matthias Michael Bekier

Chief Financial Officer:

Mr. Harry Theodore

Chief Casino Officer (QLD):

Mr. Geoff Hogg

Chief Casino Officer (NSW):

Mr. Gregory F. Hawkins

Gen. Mang. of Strategy & Investor Relations:

Danny Huang

Chief Legal & Risk Officer and Company Sec.:

Ms. Paula Martin

Gen. Mang. of Media & Communications:

Peter Jenkins

Chief Marketing Officer:

Mr. George Hughes

Chief People & Performance Officer:

Ms. Kim Lee

Chief Gaming Officer:

Ms. Christina Katsibouba

Company Overview:

The Star Entertainment Group Limited operates integrated resorts in Australia. The company operates through three segments: Sydney, Gold Coast, and Brisbane. It owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane casinos, which include hotels, restaurants, bars, theatres, and other entertainment facilities. The company also manages the Gold Coast Convention and Exhibition Centre. It has a strategic partnership with Chow Tai Fook Enterprises Limited and Far East Consortium International Limited. The company was formerly known as Echo Entertainment Group Limited and changed its name to The Star Entertainment Group Limited in November 2015. The Star Entertainment Group Limited was incorporated in 2011 and is based in Brisbane, Australia.

SGR Share Price Information

Shares Issued:

0.95B

Market Capitalisation:

$3.81B

Revenue (TTM):

$1.17B

Revenue Per Share (TTM):

$1.27

Earnings per Share:

$0.137

Profit Margin:

-0.1021

Operating Margin (TTM):

$-0.02

Return On Assets (TTM):

$-0

Return On Equity (TTM):

$-0.03

Quarterly Revenue Growth (YOY):

-0.296

Gross Profit(TTM):

$817.70M

Diluted Earnings Per Share (TTM):

$-0.129

QuarterlyEarnings Growth(YOY):

-0.349

SGR CashFlow Statement

CashFlow Date:

2020-06-30

Investments:

$-152,100,000

Change To Liabilities:

$-142,700,000

Total Cashflow From Investing Activities:

$-392,400,000

Net Borrowings:

$376.60M

Net Income:

$-94,600,000

Total Cash From Operating Activities:

$138.20M

Depreciation:

$178.80M

Other Cashflow From Investing Activities:

$-152,100,000

Dividends Paid:

$-91,700,000

Change To Inventory:

$1.10M

Change To Account Receivables:

$128.80M

Sale Purchase Of Stock:

$-12,200,000

Capital Expenditures:

$240.30M

SGR Income Statement

Income Date:

2020-06-30

Income Before Tax:

$-129,400,000

Net Income:

$-94,600,000

Gross Profit:

$1.41B

Operating Income:

$-77,200,000

Other Operating Expenses:

$485.30M

Interest Expense:

$11.20M

Income Tax Expense:

$-34,800,000

Total Revenue:

$1.49B

Cost Of Revenue:

$74.70M

SGR Balance Sheet

Balance Sheet Date:

2020-06-30

Intangible Assets:

$410.90M

Total Liabilities:

$2.21B

Total Stockholder Equity:

$3.47B

Other Current Liabilities:

$117.90M

Total Assets:

$5.68B

Common Stock:

$3.06B

Other Current Assets:

$105.70M

Retained Earnings:

$410.80M

Other Liabilities:

$154.80M

Good Will:

$1.44B

Other Assets:

$108.30M

Cash:

$66.10M

Total Current Liabilities:

$587M

Property - Plant & Equipment:

$2.84B

Net Tangible Assets:

$1.61B

Long-Term Investments:

$525.10M

Total Current Assets:

$352.40M

Long-Term Debt:

$1.41B

Net Receivables:

$107M

Short-Term Investments:

$5.32B

Inventory:

$16.40M

Accounts Payable:

$222.30M

Non Currrent Assets (Other):

$40.40M

Short-Term Investments:

$5.32

Non Current Liabilities (Other):

$5.90M

Non Current Liabilities Total:

$1.62B

SGR Share Price History

SGR News

13 May, 2021
SYDNEY (Reuters) -Australian takeover target Crown Resorts has committed to end international gambling tours, or "junket" operations, and go cashless in its casinos, the gaming regulator in the country's biggest state said on Thursday. After being deemed unsuitable for a gambling licence in New South Wales in February, when an inquiry found Crown had enabled money laundering on its premises, the Melbourne-based casino operator has emerged as the target of a bidding war. Star Entertainment Group proposed an all-stock buyout this week of its larger rival Crown that values it at A$9 billion ($6.96 billion), taking on private equity giants Blackstone and Oaktree Capital Group for control of the troubled company.
Australian takeover target Crown Resorts has committed to end international gambling tours, or "junket" operations, and go cashless in its casinos, the gaming regulator in the country's biggest state said on Thursday. After being deemed unsuitable for a gambling licence in New South Wales in February, when an inquiry found Crown had enabled money laundering on its premises, the Melbourne-based casino operator has emerged as the target of a bidding war. Star Entertainment Group proposed an all-stock buyout this week of its larger rival Crown that values it at A$9 billion ($6.96 billion), taking on private equity giants Blackstone and Oaktree Capital Group for control of the troubled company.
10 May, 2021
Does the May share price for The Star Entertainment Group Limited ( ASX:SGR ) reflect what it's really worth? Today, we...
(Bloomberg) -- A bidding war erupted for Crown Resorts Ltd. with rival casino operator Star Entertainment Group Ltd. proposing an all-stock merger and Blackstone Group Inc. sweetening its cash takeover bid.Star said its offer would create an Australian gaming and hospitality giant with a market value of A$12 billion ($9.4 billion) as it unveiled plans to cut costs, as well as sell and lease back property, at the enlarged group. Minutes earlier, U.S. private-equity firm Blackstone raised its offer for Crown by 4% to A$8.36 billion.Crown said it’s assessing both proposals.Bidders are circling Crown while it’s cornered by regulatory investigations. A damning inquiry in February found the company was unfit to run its new Sydney casino following years of money laundering at properties in Perth and Melbourne, which are now the subject of fresh probes.Beyond the scrutiny from gaming watchdogs that currently has Crown in disarray, the company’s longer-term appeal to suitors is clear. It owns the sole licensed casinos in Melbourne and Perth, the respective state capitals of Victoria and Western Australia, and a brand new A$2.2 billion resort on Sydney’s waterfront. While Covid-19 restrictions and border closures have dented profit during the pandemic, earnings are expected to bounce back next year.Two ChoicesThe competing proposals also offer Crown’s largest shareholder, billionaire James Packer, differing paths forward after he failed at least twice to sell his stake.Packer, whose influence on Crown was criticized in the regulatory report in February, has increasingly stepped back from corporate life to fight a mental health battle. The Blackstone bid would give him a potential clean break. Star’s proposal offers the billionaire the chance to swap at least some of his 37% stake in Crown for a smaller share in the merged entity.Last month, another exit path from Crown emerged for Packer when Oaktree Capital Management LP offered to help Crown purchase the billionaire’s shares.Packer Gets Crown Exit Path With $2.3 Billion Oaktree OfferShares of Star leaped 7.7% to A$4.21 at the close in Sydney. Crown jumped 7.3% to A$13, valuing the Melbourne-based company at A$8.8 billion.The board of Crown, with the outcome of the Perth and Melbourne inquiries hanging over the company, must now weigh up the instant reward of Blackstone’s cash offer with the potential long-term benefits of a union with Star.Crown Holders Spoilt For Choice After Wild Monday: M&A SnapshotZero PremiumStar announced a nil-premium offer of 2.68 of its shares for each Crown share -- the equivalent of A$10.48 a share based on Star’s closing price Friday. Star’s bid also includes a cash alternative of A$12.50 per share for as much as 25% of Crown’s issued shares. Assuming the cash component is fully taken up, the offer equates to a value of A$7.44 billion, according to Bloomberg calculations.That’s way below Crown’s market value. But once savings and benefits from the merger are included, Star said its proposal implies a potential value of A$14 per Crown share.“There is no premium built into their offer, with the only incentive being that they hope that 1+1 will equal 2.5,” said Ben Lee, Macau-based managing partner at gaming consultancy IGamiX. “Star is desperate to prevent someone else from taking over its one and only competitor.”Star said it can deliver between A$150 million and A$200 million in annual cost savings from areas such as head office, marketing and technology, that would have a combined net value of A$2 billion.Star’s proposal “creates a long-term opportunity for the capital market which would not exist if Crown gets bought by an American private equity firm,” Star Chief Executive Officer Matt Bekier said in an interview. “We think we can pull this off with relatively low risk.”Star also plans a sale and leaseback of the enlarged group’s property portfolio. According to a Star presentation detailing the company’s proposal, the combined group’s key casino properties could sit in an unlisted fund that’s half-owned by institutional wholesale investors.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Crown Resorts has competing bids from Blackstone, Oaktree Capital and Australia's second-largest casino company, Star.
SYDNEY (Reuters) -Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), taking on two private equity giants for control of the troubled company. Three months after Crown was declared unfit for a gambling licence at its new Sydney resort tower, Star said the share-swap takeover approach would create "one of the largest and most attractive integrated resort operators in the Asia Pacific region". The move presents Crown shareholders with a third option after buyout giant Blackstone Group earlier upped its all-cash indicative bid to A$8.4 billion, while Oaktree Capital Group has proposed to bankroll a A$3 billion buyback of Crown's founder's stake, removing a regulatory concern.
Australian casino company Star Entertainment Group has proposed a merger with under pressure rival Crown Resorts, setting up a bidding war with US private equity investor Blackstone. Star said on Monday its all-stock offer for Crown would create a A$12bn (US$9.4bn) entertainment and tourism business listed on the Australian stock exchange and unlock up to A$200m in annual savings for the combined group. The proposal from Star was announced minutes after Crown disclosed that Blackstone had boosted its takeover offer by 50 cents per share to A$12.35 per share, making it a potential A$8.3bn transaction.
09 May, 2021
Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), taking on two private equity giants for control of the troubled company. Three months after Crown was declared unfit for a gambling licence at its new Sydney resort tower, Star said the share-swap takeover approach would create "one of the largest and most attractive integrated resort operators in the Asia Pacific region". The move presents Crown shareholders with a third option after buyout giant Blackstone Group earlier upped its all-cash indicative bid to A$8.4 billion, while Oaktree Capital Group has proposed to bankroll a A$3 billion buyback of Crown's founder's stake, removing a regulatory concern.
04 Apr, 2021
Passive investing in index funds can generate returns that roughly match the overall market. But one can do better than...
04 Mar, 2021
While The Star Entertainment Group Limited ( ASX:SGR ) might not be the most widely known stock at the moment, it saw...
18 Feb, 2021
NEW YORK, NY / ACCESSWIRE / February 18, 2021 / The Star Entertainment Group Ltd. (ASX:SGR) will be discussing their earnings results in their 2021 First Half Earnings call to be held on February 18, 2021 at 10:00 AM Eastern Time.
27 Jan, 2021
Every investor in The Star Entertainment Group Limited ( ASX:SGR ) should be aware of the most powerful shareholder...
28 Dec, 2020
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
24 Jul, 2020
A look at the shareholders of The Star Entertainment Group Limited (ASX:SGR) can tell us which group is most powerful...

SGR Dividend Payments

EX-Date Dividend Amount
2012-02-29$0.0382
2013-02-26$0.0400
2013-08-27$0.0200
2014-02-10$0.0400
2014-08-22$0.0400
2015-02-09$0.0500
2015-08-17$0.0600
2016-02-19$0.0550
2016-08-31$0.0750
2017-02-21$0.0750
2017-08-28$0.0850
2018-02-21$0.0750
2018-08-29$0.1300
2019-02-26$0.1050
2019-08-21$0.1000
2020-02-25$0.1050

SGR Dividends (last 9 Years)