Just to further explain one comment, in that post....$100m surplus to loan and equity.
Like all wholesalers...Sigma has significant trade receivable debt within their business.
My point was...their customers will pay Sigma for stock delivered (trade receivables loan is securitised anyway).....thus leaving the company capped at $500m and $300m in operational loans.....$800M
In a theoretical windup situation therefore....$100m would be surplus (placing zero value on their current wholesale/retail chemist business)
Just to further explain one comment, in that post....$100m...
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