Hello all I have just started looking at this company and from what I can see it appears that they rely heavily on a huge turnover and arent exactly in a "solid" financial position.
It appears that with the recent capital raise they should have reduced some of the debt burden, however there will still be 150+m I think.
What do people think the new acquisition will add? Was it a cost saving and streamlining play or was it a revenue increase they were looking for?
Do people think that there will be further pressure on what are already very slim margins?
Also can someone with more knowledge than me tell me what the new government bill that is coming into effect in June/July (I think) will do to the company revenue. From the few small news articles I have read I managed to ascertain that no one thinks it will be positive, all though I am not exactly sure why?
Sorry for all of the questions I am just trying to do some quick research before any investment.
I think its a great sector, they have good brands and should benefit from the ageing population and if the supermarkets do make a push into pharma then surely that would be a huge push for SIP. Thats what I am banking on.
Also the attractive yield offered.
Any and all information would be of great help. Thanks in advance.
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