SIP sigma pharmaceuticals limited

I just bought 30000 at $1.705. What's so bad in this? I don't...

  1. 1,331 Posts.
    I just bought 30000 at $1.705. What's so bad in this? I don't see RED.

    Sydney - Tuesday - July 3: (RWE Aust Business News) - Sigma
    Pharmaceuticals Ltd (ASX:SIP) has announced that EBITDA for the year to
    January 31 is expected to increase by 5 per cent over the previous
    corresponding period.
    Sigma also confirmed that as part of its ongoing capital
    management strategy it will undertake an on-market share buyback of up to
    9.9 per cent of its issued ordinary shares.
    The share buy-back will commence in about two weeks time
    following the normal regulatory notification process.
    Due to both higher interest expense and a higher effective tax
    rate, Sigma expects profit for the 2007/08 year to be in line with the
    previous year, excluding the interest impact associated with the
    buy-back.
    First-half net profit will be below the prior corresponding
    period, but with the skew to the second half of new-product launches and
    the impact of Embrace, it is expected that 65 per cent of full-year
    underlying net profit for 2007/08 will be generated in the second half.
 
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Currently unlisted public company.

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