SIP sigma pharmaceuticals limited
Add to My Watchlist 1.55% ! $1.31

what's it worth?

  1. Timetotrade
    8,484 Posts.
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    17/09/10
    11:22
    Post #: 7210173
    If Orbis state that the remaining business is worth 20-30c, that equates to $240-360M.

    If SIP have $800M debt in total and are going to sell the other part of the business to Aspen for $900M, that is a net surplus of $100M.

    If the bank's lending covenant is breached, then the banks may demand full repayment.

    So the remaining value would be $340-460M or roughly 30-40c per share. So is SIP currently overvalued?
    SIP Price at posting: 46.7¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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