This outcome has been a long time coming.
CW has hijacked the retail pharmacy market slowly and progressively over 20 years.
The opaque structures they used threw contempt at the 3 pharmacy then 5 pharmacy limits imposed on individual pharmacist owners.
So be it. SIG has been a chronic underperforming business in a low margin government regulated industry, but has delivered classic entry and exit cycles to allow active investors to make decent money.
In a cruel irony, after decades of business, many current shareholder (mostly pharmacists) will end up owning a chunk of their biggest enemy. Me too.
l believe CW have a solid business model and rent PBS changes will favour them ans crush the small pharmacy model.
Sometimes pure capitalism delivers a bad outcome. SH will make money, customers and those relying on the particular personal service and skills of their local chemist will be left stranded.
Will the ACCC look into this? Probably not. Gance has friends in high places.
l am undecided whether this is the deal that sees me cash out of a co op that was built on integrity.
The SP rise to come to me presents an ambivalence l prefer to avoid.
In every respect, GLTASH
This outcome has been a long time coming. CW has hijacked the...
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Last
$1.90 |
Change
-0.105(5.25%) |
Mkt cap ! $3.092B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.01 | $1.88 | $26.05M | 13.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 3000 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| SIG (ASX) Chart |