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Question on SPL

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question on SPL

“Hi, Just wondering if you can advise about the biotech company SPL. The share price has gone gangbusters the last few days with some positive news. I’m lucky to have bought some shares early last year but I’m wondering what you thought would be a good time to take some profits.” - Best Regards Kenneth C.

Answer

Morning Kenneth,

Congratulations on your purchase! SPL has surged in 2021 following the announcement of a research agreement with $US190bn giant Merck & Co (MRK US), one of the world leading pharmaceutical companies. We believe this has put the Victorian biotech company in an exciting position medium term and further upside feels likely – we would use technical stops under $1.90.

SPL
MM is bullish SPL
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Starpharma Holdings (SPL)
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