Read the presentation:
Unique vertically integrated and diversified business
model with leading market positions in:
C Generics C significant market share
C OTC/Consumer C largest Australian owned OTC portfolio
C Medical C largest Australian owned supplier of
prescription pharmaceuticals
C Manufacturing C largest pharmaceutical manufacturer in
Australia
C Wholesale C one of three full line wholesalers, market
share in excess of 30%
C Retail Banner C Sigma owns Australias 2 largest retail
pharmacy banners in Amcal and Guardian, strong brand
recognition
Such a large company just worth 46.5c? Even if the company suffer a large impairment loss, it doesn't affect the business (This is once-off loss)
Also the report said $309m goodwill impairment from merger announcement to scheme date (which is takeover premium)
I don't think SIP will drop below 43c, if so I will use 500k buy SIP, anyone willing to sold me at this level?
DYOR
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