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
API Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held