The search phrase points to one listed security: The Star Entertainment Group Limited, traded on the ASX under the ticker SGR. Checking Star Casino's share price on the ASX means looking up that ticker, not the name of a building. The colloquial link is understandable, since the company operates The Star casino venues, but the name of a venue is not a market instrument and a search phrase is not a ticker. What you are pricing is a share in the listed company, with everything that company owns and owes folded into it.
That naming shortcut matters, because it encourages a second mistake: treating whatever number appears at the top of a results page as the share price. Several Australian market pages listed for this query show the same security at different figures in the same nominal period. The ASX company page showed a last price of $0.150 with a bid and offer range of $0.145 to $0.150 and a market capitalisation of $995.43M in its retrieved excerpt, while MarketIndex showed a last price of $0.16 with a change of 3.23% and a bid and ask range of $0.155 to $0.16. Yahoo Finance showed $0.1600 with an open of $0.1550, and Intelligent Investor also reported $0.16. The AFR page, by contrast, showed a previous close of 0.150, an open of 0.145, a day range of 0.145 to 0.153 and a bid of 0.145 against an ask of 0.150, while Stake described one share as valued at $0.16 as of 21 September 2026.
Those figures were captured in retrieved search excerpts, not verified live pages, and the capture times and underlying data feeds are not consistent across them. Stake explicitly dates its valuation to 21 September 2026 while the broader retrieval happened on 24 September 2026, and the excerpts carry no per-figure timestamps. Nothing here should be read as a live quote. The one-cent gap between the $0.150 and $0.160 readings is a useful teaching case rather than a scandal: once you know which measure each page is showing and when it last refreshed, most of the mystery goes.
How the price is formed and quoted
A last traded price is struck when a buyer and a seller agree and a transaction actually completes. It is a fact about the past, specifically about the most recent matched trade, and it only moves when another trade occurs. Bid and offer figures work differently: they are resting orders waiting to be matched. The bid is the highest price currently bid by a buyer, the offer (or ask) is the lowest price currently wanted by a seller, and the gap between them is the spread. Until someone crosses that spread, no trade happens and no last price is updated. That difference in mechanism is why the two kinds of figure can disagree on the same screen at the same moment.
The retrieved Australian pages illustrate the point exactly. MarketIndex showed a last price of $0.16 against a bid and ask range of $0.155 to $0.16, while the ASX page showed a last price of $0.150 against a bid and offer range of $0.145 to $0.150. Each quote is internally coherent: the last trade sits at or just above the resting bid on both pages. What differs is the moment being summarised and, quite possibly, how quickly each page's feed updated, though the excerpts do not establish either explanation as fact. The next table sets out what each figure type actually represents so you can quote the right one.
| The figure type | What it measures | Why it differs across the pages in the supplied excerpts | When quoting it is reasonable |
|---|---|---|---|
| Last traded price | The price of the most recent completed trade in SGR shares. It is a single transaction, not an average. | MarketIndex and Yahoo Finance showed $0.16 while the ASX page showed $0.150 in their retrieved excerpts. The captured moments, feed refresh times and quoted units differ, so the pages need not be describing the same trade. | When you want the most recent actual deal and you name the source and capture time alongside it. |
| Bid and offer range | The best resting buyer and the best resting seller at that moment. These are orders waiting to be matched, not trades. | The ranges move with order flow rather than with completed deals: $0.155 to $0.16 at MarketIndex, $0.145 to $0.150 at the ASX page, and 0.145 bid against 0.150 ask at the AFR page. | When you want to know where you could likely deal right now, or you want to gauge the spread. Label it as the current book, not as the share price. |
| Open and day range | The first trade of the session and the low-to-high span of trades during it. Both summarise more than one moment in the day. | Pages capture different sessions or different points within one session: MarketIndex showed an open of $0.16 with a day range of $0.155 to $0.165, while the AFR page showed an open of 0.145 and a day range of 0.145 to 0.153. | When describing how the session has traded, always with the session and capture time named. The open is not a current value. |
| VWAP | The volume-weighted average price: the day's trades averaged with larger trades counting for more. It summarises the session rather than one deal. | Only MarketIndex showed a VWAP field in the supplied excerpts, and the retrieved value was truncated mid-figure, so no number is quotable. Pages differ simply because most did not display the measure at all. | When comparing a single trade or a price level against the day's volume-weighted average. The incomplete excerpt means no VWAP value can be quoted here. |
| 52-week range | The lowest and highest traded prices over the past year: 0.083 to 0.195 in the AFR excerpt. It compresses twelve months of trading into two extremes. | Only the AFR page showed this figure in the supplied excerpts, and its extremes sit outside the day ranges shown elsewhere. Different pages show it or not depending on layout, and the endpoints update whenever a new 12-month extreme is set. | When you want long-run context for today's quote, clearly labelled as a 52-week extreme rather than a valuation of the business. |
A worked example makes the ordering clear. Suppose, hypothetically, that a share opens at 15.5 cents, trades as low as 15.5 and as high as 16.5 cents during the session, and the last matched deal lands at 16.0 cents while the best bid is 15.5 and the best offer is 16.0. The quoted last is 16.0 because that is where the most recent transaction completed. The bid and offer tell you a deal at 15.5 would likely find a seller-less counterparty at once, whereas selling into the best bid means accepting 15.5. The 15.5 to 16.5 range captures the whole session. Those four numbers are consistent with each other; each simply answers a different question. This example uses invented figures to show the mechanism and is not a description of actual SGR trading.
Which figure should you quote? The last traded price, with its source and capture time attached, is the defensible default for a plain statement about the share price. Add the bid and offer when the practical question is what you could deal at. Never quote an open, a day range or a 52-week range as though it were the current price, and treat an average such as VWAP as what it is, a session summary. The disagreement between the Australian pages in the excerpts is best read as a reminder to timestamp your number, not as evidence that one provider is wrong.
What the number measures and what it leaves out
A quoted share price is the last agreed price for one share. That is its whole explanatory reach. Everything else that readers casually fold into it, the size of the company, its profitability, the direction of its earnings, the news moving sentiment, is a separate measurement with separate inputs. Once the price mechanism is clear, the next confusion is treating the price as a verdict on the business. It is not. It is one observation from one market mechanism at one moment.
Start with market capitalisation. The ASX page showed a market capitalisation of $995.43M alongside a last price of $0.150. Market capitalisation is derived rather than traded: it multiplies the share price by the shares on issue. Change the price and the derived figure moves with it; issue or cancel shares and the derived figure moves even if the price does not. That is why a price quoted in dollars and cents and a company value quoted in millions describe the same security at different levels of aggregation, and why neither validates the other.
| What the idea is | What it tells a reader | What it cannot tell a reader on its own |
|---|---|---|
| The quoted last traded price | What one share last changed hands for: $0.150 at the ASX page and $0.16 at MarketIndex in the retrieved excerpts. | It cannot say what the whole company is worth, how it is performing, or whether the quote is current. Each page's figure is bound to its own capture moment. |
| Market capitalisation, as shown at the ASX page | The market's current aggregate pricing of the company: $995.43M in the retrieved excerpt, derived from price times shares on issue. | It cannot isolate business fundamentals from the price it was built from, and it says nothing about debt, assets or obligations sitting outside the share count. |
| Earnings per share, as quoted at Stake | Reported profit or loss allocated per share: Stake's excerpt showed -$0.06, a negative figure, alongside a share price of $0.16. | It cannot tell you what investors will pay, and it cannot be read as a price movement. A loss-making company's shares still trade every session. |
| A percentage change versus an absolute cents movement | The same price move expressed relatively or in cash terms. Intelligent Investor's 19.23% movement and MarketIndex's 3.23% change are percentages of different bases. | Neither can stand alone: on a low-priced share, one cent can be several percentage points, while the percentage flatters or shrinks depending on the reference price chosen. |
The second row deserves emphasis, because it shows the dependency running one way. Price drives market capitalisation; market capitalisation does not confirm a price. If a page shows both, the derived figure is a restatement of the traded one scaled to the share count, not independent corroboration. Quoting the two together as though they were two data points double-counts a single observation.
Percentage change and cents movement can point in different directions
Percentages and cents answer different questions, and on a low-priced share the divergence is large. A hypothetical example: if a share last priced at 15 cents rises to 16 cents, that is a one-cent gain and a 6.67% rise against the 15-cent base. If the same one-cent move is measured against a 5-cent base, it reads as 20%. Now reverse the logic for earnings: suppose a company cuts its loss per share from 10 cents to 6 cents, a 40% improvement in losses, while the share price falls from 20 cents to 16 cents, a 20% drop. The reported earnings trend and the market price have moved in opposite directions over the same period. Both statements can be true because they measure different things, and neither one cancels the other. These figures are invented for illustration and are not SGR data.
That divergence is normal, not paradoxical. The price reflects what marginal buyers and sellers agree on now, often on expectations rather than last year's reported earnings. Earnings per share is an accounting allocation of reported profit or loss for a period already closed. Stake's excerpt pairing an EPS of -$0.06 with a share price of $0.16 shows the two figures coexisting without either explaining the other. A reader who wants to know how the business performed should look at reported results; a reader who wants to know what the market is currently paying should look at the price. Conflating the two produces confident statements with no measurement behind them.
Behind all of these figures sit information flows that never appear in the quote itself. The company's investor site carries share price history and charting tools, and its ASX announcements page lists company disclosures, with visible items in the retrieved excerpt including a NSW Casino Duty Rates Update dated 6 July 2023 and a Board Renewal Update dated 26 June. Morningstar's page describes analyst coverage including valuation and dividend information. Those are inputs to how a price forms, not readings of the price. A price chart shows the outcome of trading; the announcement page shows what the company told the market; the analyst page shows a third party's interpretation. Reading the ticker alone tells you none of that backstory.
How to read the price sensibly and where the limits are
Low-priced shares make percentages misleading unless you name the base. In the retrieved excerpts, a single cent separates the $0.150 and $0.160 readings, yet Intelligent Investor described a 19.23% movement and MarketIndex a 3.23% change. Both can be arithmetically honest if measured against different reference prices or periods, which the excerpts do not specify. The practical rule: whenever you quote a percentage move on a share priced in cents, state the base price and the period, or quote the cents movement instead and remove the ambiguity altogether.
The spread between bid and offer is the other diagnostic worth reading directly. In the excerpts, the gaps were narrow in absolute terms, 0.5 cents at MarketIndex and at the AFR page, but against a 15-cent price that is a meaningful slice of the value being traded. A wide spread says the resting orders are thin relative to the size anyone wants to deal, so crossing it costs more in percentage terms than the same spread on a $30 share. It does not, by itself, predict direction or reveal anything about company health. It describes the state of the order book at the moment of capture.
Turnover figures hint at how much conviction sits behind a move, but the excerpts disagree too much to support a specific conclusion. MarketIndex showed turnover of $1,506,437 and the ASX page showed volume of 1,362,752 shares, while the AFR page showed a value of 561,025 against volume of 3,755,083. Those are different measures captured at unstated moments, so no comparison of trading activity can be drawn from this set. Treat volume and dollar turnover as context for a quote, and only when both carry the same timestamp.
The honest limits of this source set should be stated plainly. Everything cited here came from cached search excerpts rather than verified full pages, several figures were truncated mid-value, and the captures were not synchronised. That means the divergence between $0.150 and $0.160 cannot be attributed to a specific cause such as feed latency or a different session; timing and measurement differences are plausible explanations, not established facts. No excerpt documents the company's current financial condition, market position or regulatory status, so no snapshot here supports a conclusion about business health. A share price is a market observation. Company fundamentals require company reporting.
- Name the ticker, ASX:SGR, so readers know which instrument you mean.
- Name the figure type: last traded price, bid and offer, open, range, or average.
- Attach the source and capture time to every quoted number, and say plainly when the underlying page was not verified.
- Quote a percentage only with its base price and period; otherwise use cents.
- Separate market observations from company reporting, and draw conclusions about the business only from the latter.
One habit resolves most of the confusion in practice: treat any share price figure as a measurement with a method and a timestamp attached. Once the method is visible, a one-cent disagreement between two Australian market pages stops being a puzzle and becomes exactly what the figures say, different summaries of an actively traded security. Carry that discipline to the derived numbers too, and the share price settles back into its proper role: one precise, narrow, useful observation about ASX:SGR.
Why do Australian market pages show different figures for ASX:SGR on the same day?
Because they can be summarising different moments and different measures. In the retrieved excerpts, some pages showed a last traded price of $0.16 while the ASX page showed $0.150, with bid and offer ranges and open prices differing as well. Feed refresh timing and capture moment are plausible explanations, but the excerpts do not confirm the cause. Quote one figure with its source and capture time.
Is the bid and offer range the same as the share price?
No. The bid and offer are resting orders from would-be buyers and sellers that have not yet matched, while the last traded price records a completed transaction. The two often sit near each other, but only a trade updates the last price.
Does the share price tell me whether the company is performing well?
Not on its own. The price records what buyers and sellers last agreed on, which can reflect expectations as much as past results. Market capitalisation is derived from that price, and earnings per share is a separate accounting figure, so assessing the business requires reported results and announcements rather than the quote alone.