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$1.35 australian pharmaceutical industries limited

Ann: Becoming a substantial holder for SIG, page-5

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Gillysrooms

9,304 Posts.

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16/12/18

03:11

Post #: 36872425
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Originally posted by Swage_17 ↑

I think this is good news... does anyone know when they trading halt will be lifted? I was looking to buying both API and SIG and now my decision is easy. We just have to sit tight till mid next year and hope the merger goes smoothly. There should be an extra 100million in EBIT (60 million cost saving and 40mllion EBIT from SIG forecast and assuming the SIG part of the business can maintain this level of EBIT post merger for years to come) added over the medium term. The way I see it the merger should just over double market cap of API (current EBIT 80 million) assuming equal PE ratio for the new entity. Ofcourse, API is paying around their own market cap effectively for the merger so I dont expect a huge share price rise.
The upside is more than 60 million ebit savings and we because of the larger size of the company, API/SIG can better weather any storms.

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Does anyone know if API has any Pharmacy App such as MDR offer in MediAdvisor which with MC of about $50 million seems excessive?

Last edited by Gillysrooms: 16/12/18

API Price at posting: $1.60 Sentiment: None Disclosure: Not Held
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