Starpharm - A turnaround pharma stock

Alpha-Hunter wrote: Something is seriously brewing....

With both loss making units sold off for good cash, it is getting more attractive

Pleasant surprise of the high volume yesterday. What is brewing?

STAR PHARMACEUTICAL has yet to be re-rated by the market. Investors who enter at this current level of 18-19 cents are getting a biz valued at only S$9 million. It's a net cash business holding about S$12+ million!

Star Pharm has started buying back shares.

31 Aug:
92,400 shares @ 21.1 cents..

Star Pharm is profitable business, but put on SGX Watchlist and needs to fulfill 2 criteria within 36 months : -- ie, at least 20 cents trading price and a market cap of S$40 million.


The $40 m requirement makes Star Pharm a potentially very sexy stock. Its market cap now is about $10 million.... U think what will happen over the coming months and maybe year or 2..... The stock could go up 4X!

fully agree

Just bought more at 22 cents this morning

Walter, it's now 27 cents! not surprising, right?