Sigma Healthcare Ltd (SIG)
Hi Guys i wish to have MM thoughts on following. Sigma will become part of ASX50 index from 21 March. It currently has about 11m shares issued. Presumably index funds super funds institutions & the like will certainly buy Sigma shares to fit in with their overall ASX holdings If so what would be expected numbers of shares purchased? Assuming numbers are reasonably large this should increase share price [which at around $2.75 now has been quite weak lately although numbers sold are not large, about 400k daily not large for numbers issued] The unknown may be those buyers buying off market by dealing with individual Chemist Warehouse CW vendors. About 9.4m shares issued to CW vendors of which about 4.3m shares are held in escrow leaving 5.1m shares in hands of smaller CW vendors who can freely sell now [one vendor in mid Feb sold shares to enable the purchase of a Byron Bay house for $30m] To me, my interest is significant as my holding of Sigma shares far exceeds my normal holdings. The thoughts of the MM experts are sought with their familiarity with such ASX matters Many Thanks Morrie
