SNT 16.7% 3.5¢ syntara limited

We are reaching book value soon, page-3

  1. 43 Posts.
    lightbulb Created with Sketch. 49
    Some edits to numbers:

    $26m cash
    $2m accounts receivable
    $10m PPE
    $15m likely payment by Chiesi
    Total of $53m assets

    $9m lease
    $3m accounts payable
    $2m other

    =$14mil liabilities

    53-14= $39m book value

    Therefore if you buy now, you're buying their entire drug portfolio for $6m.

    It's a no brainer to me - pharmaxis is a strong BUY.
 
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