I have followed Sigma for sometime now. . .. I beleive it is where it is because of a major holder, Arrow Group I think selling out. There would be some over hang perhaps. Also I recall at the time of the sell down their was some concern as to why this was happening. Why would they sell out of a supposed strategic long term holding.
SIP have acquired more customers from API. However I am lead to beleive the sector is very competitve with margins very slim indeed.
To me Sigma is a long term hold. I would not be epecting share price increases of 25% every year though.
I have followed Sigma for sometime now. . .. I beleive it is...
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