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Sports Entertainment Group Limited ( (AU:SEG) ) just unveiled an announcement.
Sports Entertainment Group Limited has completed the sale of its remaining 30.6% stake in Perth Wildcats Basketball Pty Ltd to MT Arena Capital Investment, finalising a staged divestment that began in August 2024 and has realised a total of $39.5 million across four tranches. The transaction underscores SEG’s ability to generate equity value from its sports assets and marks a strategic exit from team ownership, with the board now reviewing capital management options that could reshape the company’s financial position and resource allocation within its core sports media and events businesses.
The most recent analyst rating on (AU:SEG) stock is a Hold with a A$0.29 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 is an Australian sports media and entertainment company with integrated operations across sports media, events, experiences and brand-building. The group focuses on connecting brands with fans in a highly engaged, passion-driven environment through its sports content and related commercial platforms.
Average Trading Volume: 16,717
Technical Sentiment Signal: Buy
Current Market Cap: A$78.64M
For a thorough assessment of SEG stock, go to TipRanks’ Stock Analysis page.