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Sports Entertainment Group Limited ( (AU:SEG) ) has provided an announcement.
Sports Entertainment Group Limited has entered into an agreement to expedite the sale of its remaining shares in Perth Wildcats Basketball Pty Ltd to MT Arena Capital Investment Pty Ltd. The transaction, which is expected to be completed in stages by March 2026, will result in SEG receiving a total of $18.5 million. This move is part of SEG’s broader capital management strategy. Additionally, SEG has reported a strong start to FY26, with first-quarter results surpassing those of the previous year, and remains on track to achieve its guidance of double-digit EBITDA growth for the full year.
The most recent analyst rating on (AU:SEG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Sports Entertainment Group Limited stock, see the AU:SEG Stock Forecast page.
More about Sports Entertainment Group Limited
Sports Entertainment Group Limited operates within the sports and entertainment industry, focusing on delivering a ‘whole of sport’ strategy. The company is involved in various sports-related ventures and services, aiming to create diversified revenue streams and enhance operational efficiencies.
Average Trading Volume: 20,216
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$92.69M
Learn more about SEG stock on TipRanks’ Stock Analysis page.