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CEO's stock loans a new headache for Sigma Healthcare

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The Sigma Healthcare board has taken to the herculean task of resurrecting the stock price after being dumped as the preferred wholesaler for Chemist Warehouse.

Mark Hooper

It would not have been a pleasant task for the likes of chief executive Mark Hooper, chairman Brian Jamieson and well-known directors like Kate Spargo who were buying shares as part of the employee share plan just days before the stock price nearly halved.

The directors collectively acquired about $50,000 worth of shares between June 28 and June 29 at around 80c each with Hooper and Jamieson accounting for the big share purchases.

The stock started the new financial year on Monday July 2 by nearly halving in price to a low of 44c on the news that Chemist Warehouse will be dumping Sigma as a supplier next year in favour of Kiwi group, EBOS.

There's nothing much you can do from this point besides giving other investors some faith in a stock that will need more than a few vitamin pills to rediscover its vigour.

Within days Hooper led the charge, picking up one million shares at 46.5c each.

Jamieson also clocked in for........

© The Age