Hard to judge on one shop in one shopping centre , but retail generally is in a very delicate situation. I must admit I do not follow SIG as much now as I no longer hold , but this company holds a lot of good memories for me. Also some not so good , the CA action , the generic mess following purchase of Arrow pharmaceuticals , the sale of same to Aspen Sth Africa. Was a good dividend stock as well.
The future , imo , looks challenging . Operating on such a low EBIT , turnover is paramount , therefore continual supply to CW is vital. Dealing with CW is like herding cats . The market will be anxious to see if any signs of a breakdown in the relationship of Sigma and CW and any whiff of this will see the SP retrace.
I am not sure if guidance has been given for this FY , will go back through announcements and see . FY results in March will be interesting especially the language for trade going forward.
Good luck.
Street talk confirms CW tendering out wholesale business, page-117
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Last
$1.90 |
Change
-0.103(5.13%) |
Mkt cap ! $3.088B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.01 | $1.88 | $15.35M | 7.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 81953 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 87620 | 44 |
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| Last trade - 15.36pm 09/10/2024 (20 minute delay) ? |
| SIG (ASX) Chart |