I'm also not impressed (my value has halved)and robo's...

I'm also not impressed (my value has halved)and robo's explanation is most sound. However, there was one more sting and that was Pfizer's withdrawl which, as you would probably know, took out a big chunk of the non-generic trade. That to me means all cards are stacked against both Sigma and API with the latter perhaps fairing better owing to their tie up with Soul Patts.

API has now breached their banking covenants -which is the next bit of bad news - sorry!