SIP sigma pharmaceuticals limited

Ann: Market Update , page-18

  1. asf
    9,887 Posts.
    I see there's no point talking to you health professionals- you're too rational. :P

    Our man on the street Thompson, says the ACCC decision comes through on the 16th December, having aspoken to the ACCC:

    http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1323379&msgno=6030870#6030870

    There, if successful, I see spike #1 in the share price happening. Spike 2 is in January, I think, when the capital return decision is decided. Of course, we're done for is the ACCC decides against the sale transaction. It's a bit like hoping MEO or KAR strike oil- it's either oil with SIP and the ACCC, or a duster.

    We now have several trading days between the ACCC decision. 20% lost for SP so far. An institution/shareholder probably continuing to sell down- I imagine they have some kind of mandate for stop losses- they don't want to lose all our superannuation! :D

    genericmicrobe, your post is well received by me. I note you're an independent pharmacist- you've clearly got a lot to contribute, as has noellyn (stay negative/cautious without self-consciousness, noellyn- we need you!) My thoughts are not with staying with SIP for the duration- they're in trouble. It's about getting out with wads of capital return, and not being the last to do so (I imagine it will be a further downward slide then). I'll take the money and run (because I'm shallow). I just have to see how far the knife falls first. There is no urgency with this one.
 
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