The Star Entertainment Group Ltd (OTCPK:EHGRF)
$ 0.1781 0 (0%) Market Cap: 391.67 Mil Enterprise Value: 393.10 Mil PE Ratio: 0 PB Ratio: 0.72 GF Score: 40/100
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Half Year 2019 Star Entertainment Group Ltd Trading Statement Call Transcript

Jun 11, 2019 / 12:00AM GMT
Release Date Price: $3
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the market update. (Operator Instructions) I must advise you that this conference is being recorded today, Tuesday, 11th of June 2019.

I'd now like to hand the conference over to your first speaker today, Mr. Matt Bekier. Thank you. Please go ahead.

Matthias Michael Bekier
The Star Entertainment Group Limited - MD, CEO & Executive Director

Thanks, Kevin. Good morning, ladies and gentlemen. I'm joined here today with -- by Harry and Chad, who will take us -- who are going to take you through the trading update that we've put up on the ASX this morning.

If I can just start by putting a little bit of a color on the 3 topics that we're discussing: the first one being trading; the second one, the organizational changes and cost reduction; and the third one is our CapEx program, the progress on our CapEx program.

Starting with trading. We announced today that we expect the full year to come in on a normalized basis between $550 million and $560 million. That's down from

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