The market likes the Malinckrodt arrangement and the prospects for MSB in the coming year. 2016 was disappointing because the blockblaster deal that many were waiting on did not eventuate. 2017 will compensate and will pick up the slack.
Now that the share price has reached $1.55 I think it is fair to assume it's upward trend will continue on after the recent short period of consolidation, the next target price being $1.80.
Expect another announcement around the 27th of January which will help lead it on it's merry way. I like the potential of this stock more than I did at the beginning of 2016 and bought more today at $1.53.
Alhambra.
Ann: Mesoblast And Mallinckrodt Enter Into Agreement, page-83
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Last
$1.13 |
Change
0.035(3.21%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.13 | $1.07 | $3.910M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27197 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 43578 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MSB (ASX) Chart |