The stock has fallen almost 40 per cent since the start of the year. Equity analysts are not so confident, with Morningstar analyst Angus Hewitt, actsolution.iptime.org in a note to investors, saying that at its current cash burn, the company would be lucky to make it to its interim results scheduled for February 28. "We now incorporate a 50 per cent probability that Star falls into administration, and equity holders are wiped out," Hewitt said. In a possible blow to these asset sale hopes, it has been reported that an Australian company that was lined up to buy the leasehold of the Treasury Hotel in Brisbane has pulled out in recent times. For a sharemarket gambler, an investment in Star is the ultimate high-adrenaline bet.
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