On its debt facilities, Sigma said proceeds from the sale of its pharmaceuticals division Aspen -- about $900m -- had been used to retire its syndicated debt facility of $325m. In addition, the ANZ off-balance sheet debtors securitisation facility of $358m had been repaid and cancelled.
As at January 31, the remaining on-balance sheet securitisation debt was $62m. __________________
Maybe that's not much in the scheme of things- maths and debt were never my strong points.
I'm not so much worried about today. There was clearly a large seller, and if they're selling on market, that volume would take out a few lines. Margin call, maybe?
Whatever it was, it's always shocking when that happens. Same when a buyer buys out lots of lines- not that I'd know with my shares. >:+<
There's nothing in google news that's new. Maybe some people just got a bargain today with the sell-off. All will be revealed in tomorrow's trade! Will SIP fall to the floor, or rise to the moon? ;)
SIP Price at posting:
43.0¢ Sentiment: None Disclosure: Held