Ann: Chairman's Address to Shareholders , page-3

g'day punter,

Agree it seems a good lt hold, been watching it for a while waiting for a dip, only negative i saw was this statement in the Chairmans Address

" .. PBS reforms continue to impact the pharmacy sector – April 2012 saw the largest set of price reductions in the history of the PBS; including Australia’s most prescribed drug – Lipitor coming off patent. The magnitude of these changes is unprecedented, over the last 4 years Government PBS reforms have reduced pharmaceutical wholesalers revenue by approximately $1.8b, and there is more to come. It should be noted that the patents on up to $1.5 billion of molecules will expire between now and 2015, which will have a significant impact on pharmacy... "

On the positive side i see a net debt reduction of $8.7m.

Put in an order at 0.44c