Starpharm - A turnaround pharma stock

More
26 Jun 2019 07:28 #24836 by Val
profits continue to roll in --> Star Pharma recorded a net profit attributable to equity holders of RMB9.7 million
in FY2018.

net profit attributable to equity holders of RMB7.0 million in 1Q2019 compared with RMB6.9 million in 1Q2018.

cash-rich, without a dollar of debt --> about RM60 m (SGD12 m).

cash exceeds stock value --> 26 cents cash versus 15 cents stock price.

hmm.... S-chip. How?

Please Log in or Create an account to join the conversation.

More
26 Jun 2019 11:06 #24837 by Rock
My post on Star Phram on 20/102017:

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 fulfil 2 criteria within 36 months, what will happen when the times is up?


To date Star Phram share price had fall all the way from 30.5 cents to latest 14.5 cents.
Since Star Pharm without debt and cash rich (RMB60 million (S$12 million) and cash exceed share price = 26 cents per share.
Two financial had past yet no dividend paid out. Why?

As investors just ask yourself why? why? why?

Please Log in or Create an account to join the conversation.

More
05 Aug 2019 18:52 - 05 Aug 2019 18:53 #24932 by Big Fish
Congrats to all, incl Joseph Yeo, Walter, etc. Takeover offer has been made by boss Mr. Xu Zhi Bin at 45 cents per share!

links.sgx.com/FileOpen/SPL%20MGO%20Annc%...cement&FileID=573192
Last edit: 05 Aug 2019 18:53 by Big Fish.

Please Log in or Create an account to join the conversation.

More
05 Aug 2019 19:52 #24933 by walterlim
congrats to those who were vested. This is my third stock that has a takeover offer.

Please Log in or Create an account to join the conversation.

More
05 Aug 2019 22:01 #24935 by josephyeo
Congratulations to all who are vested!
Big Fish and Walterlim ... i am happy for you.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings1.2800.020
AusGroup0.022-
Avi-Tech Electronics0.3450.005
Best World Int.1.360-
CEI0.950-
China Sunsine1.140-0.010
CNMC GoldMine0.260-0.010
CSE Global0.470-
Eagle HTrust USD0.660-
Food Empire0.515-0.005
Golden Energy0.169-
GSS Energy0.0710.001
ISDN Holdings0.2150.005
ISOTeam0.230-
JB Foods0.660-
KSH Holdings0.450-
Miyoshi0.035-
Moya Asia0.063-0.002
Nordic Group0.270-
Oxley Holdings0.315-0.005
Procurri0.365-
REX International0.0930.005
Riverstone0.9800.010
Roxy-Pacific0.375-
Sing Holdings0.385-
SingMedical0.310-
Straco Corp.0.720-0.020
Sunningdale Tech1.200-
Sunpower Group0.480-
The Trendlines0.0890.001
Tiong Seng0.200-
Uni-Asia Group0.715-
Yangzijiang Shipbldg0.940-0.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1356 guests and no members online