The Star Entertainment Group is under Algo Engine buy conditions.
The Star says it expects to report normalised EBITDA of $28 million to $30 million in the first half and the group is likely to see strong revenue growth under normalising business conditions.
The Star Entertainment Group is under Algo Engine sell conditions and the “trade table” highlights the alignment of the down pivot point and the current trading price below the 10 day average.
For further detail on how the “trade table” feature works, please call our office on 1300 614 002.
The Star Entertainment Group is under Algo Engine sell conditions and the “trade table” highlights the alignment of the down pivot point and the current trading price below the 10 day average.
For further detail on how the “trade table” feature works, please call our office on 1300 614 002.
The Star Entertainment Group is under Algo Engine buy conditions.
We see price support at $2.50 but remain wary of the slow pick-up in VIP gaming revenue from international visitors.
We recommend a stop loss below $2.50.
The Star Entertainment Group is now under Algo Engine buy conditions following a recent high low formation at $4.55.
We’re attracted to the longer-term fundamentals for Star but have been reluctant to hold the position whilst the stock was under sell conditions. The recent break higher in price and the shift to Algo buy conditions, means we’ve added Star back into our model portfolio.
The February earnings result will be a key catalyst, where the market will be looking for earnings growth beyond just cost control.
The Star Entertainment Group looks oversold and we expect to see buying interest build.
SGR goes ex div $0.13 on the 13th of August.
The Star Entertainment Group reported 1H19 earnings yesterday and EBITDA was up 3% on the same time last year, at $297m.
SGR delivered a strong result with revenues up over 6%. We have the stock now trading on a 5.3% dividend yield and see low single digit earnings growth ahead.
We recommend adding a covered call option to enhance the income return.
Crown Resorts & Star Entertainment report earnings on the 20th and 21st of February, (respectively).
Both companies’ share price have been under pressure over the past 6 months, which has been a surprise given the strength in VIP gaming revenue that was evident in the last reports.
We feel again, the market has been too negative coming into the upcoming earnings. We expect to see positive upside surprises, relative to current market expectations.
Crown is under Algo Engine buy conditions, therefore, we recommend buying the stock.
SGR is under sell conditions, however, we feel the stock is oversold and suggest buying call options. Buying call options gives you limited risk on the downside and unlimited gains on the upside.
To discuss this strategy, please call our office on 1300 614 002.
Crown
Star
Crown is a current holding within the ASX100 model portfolio.
The share price was oversold at $11.50 and we’re now starting to see buying interest build.
Also, consider SGR with stop loss below recent pivot low.
Crown’s trading update was weaker than expected as main gaming floor revenue was down 0.6%.
Non-gaming revenue growth was 3.5%, while VIP turnover growth was up 13%.
Star Entertainment showed domestic revenue growth of +6.7% but VIP growth disappointed with it coming in flat on the prior period.
Crown looks like good “value” at $12 and is supported by a current ALGO Engine buy signal.
Aristocrat (ALL:ASX) is also looking well supported near the $26 range.
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