Noellyn - Sigma's banner groups are tired. API's Priceline is the stronger performer at the moment and growing. The Discount Groups have also shattered the status of the older groups.
In my opinion Coles and Woolies have Buckley's chance of gaining any ground on the ownership front in the foreseable future.
Harrydent is right Pharaceuticals Division although toxic at the moment for Sigma is realy a potential bargain buy for Aspen. Margins in the pharmaceutical operations can be very lucrative when Aspen get it right. The synergies they can bring into the business are great. Wholesaling margins are reliable but very small.
It is a tragedy that Sigma's Generics failure has lost them the best potential earner. It is a tragedy that the Australian Governments policy has seen the Australian Pharmaceutical Manufacturing sector sold out to cheap overseas imports and the sell off of Australian Business to Overseas Companies. Vale Faulding/Mayne & Sigma.
SIP Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held
