The SGR share price may come under renewed selling pressure this morning after the AFR & SMH, probably to name a few, ran a story that they disguised $900mn worth of Chinese high roller transactions as ”hotel expenses”, must be some rooms & wine! The more they get caught breaking rules the greater the regulatory cost down the track plus some of the press are again suggesting the company could lose their licence, it’s simply all too hard in MM’s opinion.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is neutral SGR
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