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.

No comments:

Post a Comment