Monday, January 7, 2013
Super Group
Super Group: Company announced an extension of an additional interest-free quasi equity loan to BS Global- a 70:30 equity JV company held by Bimex LLC and SCCPL, for the funding of the construction of a factory in Mongolia.
Note that the company has always been a net cash company, and the loan amount will not have any significant impact on the EPS of the company.
Street consensus TP of $3.24 before announcement of the acquisition.
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