After owning Sigma for the better part of 15 years through a...

After owning Sigma for the better part of 15 years through a massive number of management wins and losses, buying the dips as they frequently came and taking profits as the share price increased I am reducing what was a very heavy holding very significantly at current prices. As a former industry participant, I will retain a nominal holding, for sentiments sake.

Whilst I am an investor, aiming to make money, and the CW deal has certainly done that for all holders, I no longer like the smell of a wholesale being integrally tied to the biggest pharmacy retailer in the country.

I would never judge the reasons anyone else owns a stock, that is just wrong. But buying heavily during crisis points of SIG, the wholesaler, leaves me with a very very good return on investment. The change in the business model, also changes my sentiment to a once pristine industry now sold off to the highest bidder.

In one way I hope the ACCC approves the merger for the sake of all ongoing holders. In another, I hope it applies some serious measures to protect the community pharmacy model, which is close to being broken.

Good luck to all continuing holders.