2012 half year result, page-10

Yes, I certainly would make big $$$ on API and Sigma. My best profit is actually ABC Learning... collapsed to $0.63 (bought) and 3 hrs later sold for about $1.30 (sold). What happened to ABC Learning no longer my problems.

I just don't like API's debt and margin. As a business owner, I'm 100% debt free ($1.5m+ cash in term deposit & some in shares), GP% about 45% and net profit margin about 25%. Revenue is growing double-digit every year.

API's revenue is down, debt is up, margin is extremely small. DHL is pushing hard.

Also pharmacies gone into receivership in record numbers last year due to slow down in retail BEFORE PBS reform.