A truly disastrous 12 months for Starpharma and shareholders. Hopefully something positive and meaningful occurs this new FY to get the share price out of the toilet.
Today on this last trading day of FY 2024 I bought a whole bunch at 9 cents exactly. The post-market auction should be very interesting this afternoon and I’m expecting heavy volume.
The worst may be over but I’m not expecting an extraordinary share price increase in the short-term. I’ll probably sell into strength just like Alan Gray and other institutional investors may do as they continue to leave the building.
P.S. Will be keeping a close eye on reported revenue from ‘marketed’ products in the upcoming QR.
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