Why is Aspen Pharmacare share price dropping?

Why is Aspen Pharmacare share price dropping?

Aspen Pharmacare Holdings [JSE:APN] shares plunged to a seven-year low on Friday as an already protracted deal to sell its infant-formula business dragged out even further, choking off cash flows and weighing on financing costs. The group’s shares were down 51% at R69.

Is Aspen a good share to buy?

Aspen share price has risen from R100 in 2011, to more than R300 in 2016, making Aspen shares a profitable purchase for JSE investors. As of May 2016, the consensus forecast amongst 12 polled investment analysts covering Aspen Pharmacare advised that the company will outperform the market.

How do I buy shares in Aspen?

How to buy shares in Aspen Pharmacare from South Africa

  1. Compare share trading platforms.
  2. Open and fund your brokerage account.
  3. Search for Aspen Pharmacare Find the stock by name or ticker symbol: APN.
  4. Purchase now or later.
  5. Decide on how many to buy.
  6. Check in on your investment.

Does Aspen Pharmacare pay dividends?

Financial overview of the JSE listed company Aspen Pharmacare Holdings Ltd….291.60.

Market cap: 91,244,663,046
Dividend yield: 1.31 %
Last dividend: 2.62ZAR
Date of last dividend: 2021/09/01
Return on equity: 7.32 %

Who are the shareholders of Aspen?


Name Equities %
Aperio Group LLC 6,986 0.0015%
STANLIB Asset Management (Pty) Ltd. 5,344 0.0012%
Hexavest, Inc. 2,948 0.0006%
Quadrant Capital Group LLC 2,550 0.0006%

What does Aspen Pharmacare do?

About Aspen Pharmacare Holdings Limited The Company is focused on marketing and manufacturing a broad range of post-patent, branded medicines and domestic brands covering both hospital and consumer markets through its key business segments: Manufacturing and Commercial Pharmaceuticals.

Who is the owner of Aspen pharmacy?

Stephen Saad (2000–)
Aspen Pharmacare/CEO

Is Aspen South African?

Aspen Pharmacare Holdings Limited is a multinational South African holding company for pharmaceutical concerns, and the largest drug company in Africa.

Who is the richest man in Durban?

Stephen Saad

Stephen Saad
Nationality South African
Education Durban High School
Alma mater University of Natal
Occupation Businessman

Who is the richest man in KZN?

Stephen Saad
Nationality South African
Education Durban High School
Alma mater University of Natal
Occupation Businessman

Who are the owners of Aspen Pharmacare Nutritionals?

On 13 September 2018 we announced that we had concluded an agreement to divest the Nutritionals business to the Lactalis Group, a global leader in the dairy industry based in France, for a fully funded cash consideration of EUR739,8 million.

Is the Aspen process manual available in exchange?

Aspen Process Manual is now available inside Aspen Plus through Exchange. Share your contribution to process design. Exchange content is not only provided by AspenTech—anyone can contact us about posting material such as process examples, custom models, equipment specification tools, and more.

What kind of business does Aspen range have?

The Aspen range includes Prescription Pharmaceutical brands, Speciality pharmaceutical products and OTC healthcare. In addition, we have a thriving Export and Contract Manufacturing business.

When did Aspen Nutritionals divest to Lactalis group?

With reference to the SENS announcements issued on 13 September 2018 and 3 June 2019 in respect of the Group’s divestment of its Nutritionals Business to the Lactalis Group, a leading multinational dairy corporation, Aspen advises that this transaction was concluded on 31 May 2019.

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