BUZZ-Star Entertainment might never trade again without a lifeline, says Morningstar

Reuters

Mar 04, 2025

** Analysts at brokerage Morningstar say Australia's Star Entertainment SGR.AX might not ever be able to trade again on the exchange if it does not get a restructuring deal

** SGR on Monday said it would not be able to announce its first-half results until it secures rescue financing, after the country's stock exchange suspended trading in the embattled casino operator's shares

** Brokerage makes no change to its A$0.20 fair value estimate, which includes a 50% probability that Star falls into administration, wiping out equity holders

** While we expect a medium-term recovery in operating conditions, Star needs a more immediate solution, says Morningstar

** Adds any liquidity proposals are yet to satisfy the embattled firm's board, notable that they can keep Star a "going concern"

** Stock down 42.1% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-04 03:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Star Entertainment might never trade again without a lifeline, says Morningstar</title></head><body><p>** Analysts at brokerage Morningstar say Australia's Star Entertainment <span>SGR.AX</span> might not ever be able to trade again on the exchange if it does not get a restructuring deal</p><p>** SGR on Monday said it would not be able to announce its first-half results until it secures rescue financing, after the country's stock exchange suspended trading in the embattled casino operator's shares</p><p>** Brokerage makes no change to its A$0.20 fair value estimate, which includes a 50% probability that Star falls into administration, wiping out equity holders</p><p>** While we expect a medium-term recovery in operating conditions, Star needs a more immediate solution, says Morningstar</p><p>** Adds any liquidity proposals are yet to satisfy the embattled firm's board, notable that they can keep Star a \"going concern\"</p><p>** Stock down 42.1% YTD</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p> 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