SIP 1.55% $1.31 sigma pharmaceuticals limited

Yeah, he SP movesd within a prety tight range right now. I think...

  1. asf
    9,887 Posts.
    Yeah, he SP movesd within a prety tight range right now. I think people are waiting for the possible capital return:

    http://www.theaustralian.com.au/business/opinion/graincorp-may-need-to-rethink-its-awb-nil-premium-merger/story-e6frg9if-1225906075532

    "Sigma said yesterday that it will also consider capital management initiatives. A capital return of say, $350m would equate to 30c a share. The remaining operations, at an EBIT multiple of around eight times, would support a share price of about 50c a share, which would produce an aggregate of 80c a share. That's materially better than the 55c a share which Aspen had proposed and it's way above the 38.5c a share at which the shares were selling before Aspen came along."

    :D

 
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