Sigma Company Limited

By Intelligent Investor · 5 Apr 2002

By Intelligent Investor ·
5 Apr 2002

Sigma (SIG) - $4.92: Sigma's MD, Elmo de Alwis has enjoyed almost as much media coverage as Halle Berry at the Oscars since he released full-year results earlier this month. That hasn't done the stock price any harm. Net profit grew by 145% to $21.9m thanks to great results from its pharmaceutical and healthcare divisions. Another reason for the 7% share price gain since issue 97/Feb 02 (Hold for the Upside - $4.60) could be that the proposed merger with API may actually have a chance of sneaking past ACCC boss, Alan Fels. Talks began in August last year, so one would expect that Sigma has put in the hard yards and likes its chances. It has tried this merger before and failed. So, with the share price this high, it remains a HOLD FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Sigma Company Limited

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Sigma Company Limited

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