Undisclosed shareholder flogs $200m of Sigma stock
Summary by AJP
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Undisclosed shareholder flogs $200m of Sigma stock
Yeh owners are selling out. If you look at their annual reports (CWH), their income from marketing activities has fallen YoY. I expect their game plan is for FY 24/25 to say that profits not as expected due to merger. Then in 25/26, they will say they are expanding their Amcal brand, which costs money in onboarding . After that point, the Original owners are allowed to sell as many shares as they want . Once Original owners sell out, there will …
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