This deal favours CWG and not Sigma shareholders.
Massively dilutive cap raising to increase the value to CWG shareholders. This is a cash grab by Verocchi and Gance.
Also, the best days of CWG are behind them. The low hanging fruit has been picked and this is now a mature business in Australia. Can they replicate the growth overseas?
Finally, there are still many questions regarding their business model. It has never been clear and is still not very clear in regards to how their agreements extend with their 'franchisees'. Very murky and has always been questioned by industry participants.
Maybe someone here can explain their franchisee agreements as I don't know many pharmacists who have the capital to fund the purchase of a chemist warehouse store. So does CWG have a pecuniary interest in these pharmacies or are they owned outright by pharmacists as required by the law?
Ann: Pause in Trading, page-30
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Last
$1.31 |
Change
0.005(0.38%) |
Mkt cap ! $2.129B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.34 | $1.29 | $22.96M | 17.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 198520 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 638785 | 14 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SIG (ASX) Chart |