Starpharm - A turnaround pharma stock

yes indeed. based on cash per share it should easily be priced at $0.30. I guess the buying momemtum is picking up as they are releasing the next financial statements soon

Price has hit .305. It is now on par with cash per share. A lot more room to run prior to result release in 10 Nov which is predicted to be very good

given the low liquidity, prices will shoot up fast once more investors discover this under valued gem and amass shares

I have a few questions on Star Phram

1. Since company is profitable past 3 years why not paying dividend?
2. Company is cash rich 30.5 cents per share, what capex the management have in the pipelines for not paying dividend?
3. The liquidity of the stock is so low, liquidity trap is very real. Just a few lots done in a day can turn the share price either way!
4. Star Pharm is profitable business, but put on SGX Watchlist and needs to fulfill 2 criteria within 36 months, what will happen when the times is up?

in anticipation of positive financial results, Star Phar has reached a new 52 week hit of 36 cents

Star Phar 9 months ended results

Revenue up 28%
profit up 437%