SGR slipped to fresh multi-month lows yesterday not helped by the news that Blackstone had received a positive update on its regulatory approval to take over Crown (CWN). The fact that the stock closed just 10c below Blackstone’s $13.10 bid illustrates how confident investors have become towards their bid for CWN. When Crown starts operating its new casino at Barangaroo in Sydney, the drop in revenue could be significant for SGR which is itself currently under regulatory scrutiny, SGR simply remains in the too hard basket for MM even after its 39% correction.
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Ausbiz: James Gerrish on results with a focus on the growth recovery in retail.
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Markets @ Midday – Wednesday 17th August – Bapcor (BAP), Super Retail (SUL), Magellan (MFG) & CSL
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Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
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What Matters Today in Markets – Wednesday 17th August
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MM has no interest in SGR
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Ausbiz: James Gerrish on results with a focus on the growth recovery in retail.
Recorded Wednesday 10th August @ 9.30am
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Markets @ Midday – Wednesday 17th August – Bapcor (BAP), Super Retail (SUL), Magellan (MFG) & CSL
Daily Podcast Direct from the Desk
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Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
Recorded August 10th August 2022
Podcast
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What Matters Today in Markets – Wednesday 17th August
Daily Podcast Direct from the Desk
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