I would think an oligopoly PBS wholesaler selling the same products at one price to its majority owners and at a higher price to its smaller retail customers (the independant pharmacists) is worth a look by the ACCC.
CW is a juggernaut Priceline is a minnow.
This is a substantially different business model to WES and API posing a substantial threat to genuine competition and exerting inequitable market power.
As a significant holder, l should care less, money is in the bank. But somehow as a citizen, l cannot help but sense this is a very bad outcome for all customers who rely on the care and expertise of their local pharmacist. I find it to be like selling grog from a vending machine and suggesting no one will be adversely affected.
With entitlements now in hand at 70c, l am happy selling a 6 figure sum of stock every day, as l have, to reduce my position.
I am not so financially foolish to sell out in total as buyers are still excited and the ACCC may indeed intervene.
After years of relatively passively holding SIG, I now watch this stock daily and actively lighten my position whilst building a bank of cash to deploy on the next fallen ASX angel. I don't know what it is yet, but l am confident 2024 will offer me many choices.
GLTASH
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Last
$1.27 |
Change
-0.010(0.78%) |
Mkt cap ! $2.072B |
Open | High | Low | Value | Volume |
$1.30 | $1.30 | $1.26 | $4.601M | 3.614M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 89785 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 18739 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 1.270 |
7 | 102586 | 1.265 |
13 | 133490 | 1.260 |
4 | 55003 | 1.255 |
11 | 125035 | 1.250 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 18739 | 2 |
1.280 | 39832 | 5 |
1.285 | 83726 | 3 |
1.290 | 43693 | 4 |
1.295 | 98622 | 4 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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