Added to YB: 2024-06-18
Pitch date: 2024-06-14
SIFY [bullish]
Sify Technologies Limited
+447.97%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
Company Info
Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments.
Market Cap
$15.7B
Pitch Price
$2.46
Price Target
0.63 (-95%)
Dividend
N/A
EV/EBITDA
5.87
P/E
329.26
EV/Sales
1.06
Sector
Diversified Telecommunication Services
Category
special_situation
45% Discount due to an 'ill-managed' Rights Offering
SIFY: Rights offer at $0.14/sh (45% disc. to pre-offer price) caused 30% drop. Buy rights (SIFYR) at $0.20 by 6/18, exercise by 6/21 for addtl 20% disc. No biz change. Risks: dusty offer, squeeze-out. Trade: Long rights, short stock (18% borrow cost) or buy rights & exercise.
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