Sorry to hear of your predicament. Hopefully CM can work a miracle and pull Starpharma out of its death spiral but I have my doubts.
This company desperately needs a root and branch strategic review, program rationalisation and prioritisation, and a warts and all honest update to shareholders.
However, after following Starpharma closely for over 20 years, I see no evidence that the company is capable of doing this and ‘clearing the decks.’ It’s just not in their DNA.
To terminate a decade plus drug program or to cut loose a much touted partnership that is going nowhere would be an acknowledgment of failure. So instead of clearing the decks and giving shareholders the full picture, Starpharma could simply do this:
The ‘smelly’ research partnerships can continue ‘on foot’ forever. On foot meaning the most basic and minimum level of cooperation going on, or in fact nothing going on but a partnership in writing only for potential future research. This situation can continue until the ‘partnership’ is just never mentioned again in presentations and reports.
The ‘never a hope of getting commercialised drugs’ such as DEP-Docetaxel can remain forever in the ‘being assessed for further development’ file, or the ‘considering strategic options’ file, or the ‘in discussions with potential partners’ file. Why would a drug be terminated when it could remain in suspended animation forever?
So as for ‘clearing the decks’, I just don’t think we will see it.
GLTAH
- Forums
- ASX - By Stock
- SPL
- Fundamental Shafting
Fundamental Shafting, page-5
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPL (ASX) to my watchlist
|
|||||
Last
9.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.00M |
Open | High | Low | Value | Volume |
9.8¢ | 10.5¢ | 9.6¢ | $210.8K | 2.098M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30408 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 3523 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30408 | 0.095 |
2 | 15638 | 0.094 |
3 | 83394 | 0.093 |
2 | 108435 | 0.091 |
2 | 41000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 3523 | 2 |
0.105 | 119848 | 4 |
0.110 | 114099 | 6 |
0.115 | 77331 | 6 |
0.120 | 89055 | 5 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
SPL (ASX) Chart |