$33.644m trade @ 4.15. something afoot?, page-23

Great enthusiastic post, bbj- congratulations! It seems you did the right thing with your dividend reinvestment. 40c looked like a massive block to me, so I sold @ 39.5c, which was still a profit in excess of 30% with the dividend and franking credits- very good! I'm putting it into a special savings account- good old SIP.

They ate 40c and I hope it is blue skies now. Looking at market depth, the buyers have now built up the 40c block, so it looks like people will have to buy ahead of that if they want to buy:

http://cb.iguana2.com/netwealth2/depth/sip

... or they can wait. :)

Two things were in the AFR in the last few days: one (2/6, last Thursday: "Juniors offer safety from market storms") saying SIP showed safety after having shown a price improvement, and because SIP was looking at "return on invested capital" (ROIC) instead of ROE (return on equity) because the latter relies on gearing levels, and SIP doesn't really have debt. It was just reducing its terms to pharmacies, which would create profit:

http://tools.afr.com/viewer.aspx?ATL://4cd7f30a-8cba-11e0-8669-5eb7b74a2c9b§ion=tools

Then there was this one, 3/6, last Friday, "Reigning in tewrms good medicine for Sigma, and how SIP is at a 30% discount to NTA:

http://tools.afr.com/viewer.aspx?ATL://bd77892c-8c10-11e0-ba69-042a2d93b12f§ion=tools

Then there was this from yesterday, 6/6, saying the AGM was on and people have confidence in Mark Hooper turning things around and increasing ROIC.

http://tools.afr.com/viewer.aspx?ATL://422c599e-8d93-11e0-9def-eefb104db911§ion=tools

That meeting must have gone really well- bang after lunch, the buyer(s) became a column killing machine!

Good luck all Sippians!