PEB - Pacific Edge Ltd

[Bjauck]

I do not wish to belittle PEB's successes (I am a long-term investor-and intend to remain so) but I wonder how much of this is down to investors who missed out on the XRO phenomenon over-compensating and not wanting to miss out with PEB.

[psychic]

What part of PEB doesn't turn your wheels Bjauck?
Seriously?

[dagoldtoof]

Always made sense, I mean what male likes the present goddamn awful medical procedure, for a few bucks this is a simple test...Very happy just couldnt afford or was brave enough to buy huge numbers but at 59c all good,,,thanks to this website and posters I read it daily for my info....

[Bjauck]

What part of PEB doesn't turn your wheels Bjauck?
Seriously?
I intend to remain a holder...so my wheels are whizzing around so fast I hope they don't fall off! I hope PEB continues to do great things and remains a NZ company stimulating more research.

[AndyLP]

Hancocks I hope you're enjoying a cold one somewhere mate. Thanks again.

[Dej]

Wow, I step out of the NZX for a week or so to concentrate on other aspects of my life (which included a withdrawl from PEB) and I missed this....

:t_down: hindsights a b*tch

[Bjauck]

this company is doing real research in science and has nothing in common with xero except they are listed companies
Agreed - and perhaps the motives for all buyers and sellers take that into account.

[Dej]

If it's any consolation between PEB and XRO I haven't been able to concentrate on any other aspects of my life since last Monday!

But I bet you made some nice little gains!

Anyways, good on all those who are holding and have been for awhile, even to those who just recently joined (moosie dont deny it :p) unfortunately this time im not with y'all and I wont have the money to be able to join for some time.

but, GO PEB GO!!

:)

[okane]

Thanks to all posters especially Sparky the Clown, Hancock, MAC and snapiti for your contributions to this thread. I love this company.

[tunsbro]

My only regrets is only dipping my toes in, should have at least waded in to the waist.
It is feeling very xeroish in the exuberance today.

[Nigel]

Fingers crossed for a close above $1. It would suggest profit takers are staying away and tomorrow we might get a continued climb. Today's announcement and activity will certainly attract a lot more attention to the stock. And then there's the index fund involvement. Go PEB :)

[nextbigthing]

So what other announcements do PEB have in store? Are we going to see another one of these releases each week? Dizzy just thinking about it.

[blobbles]

Bids/Asks going crazy. Someone selling for 1.00, someone buying for 1.10. Huh?

[Balance]

And you're not afraid the market is pricing in way too much value with that amount...?

I agree, PEB could easily hit those highs as stated, but we need proof!

Proof enough at $1.04?

[Balance]

Bids/Asks going crazy. Someone selling for 1.00, someone buying for 1.10. Huh?

It will all average out.

[777]

Bids/Asks going crazy. Someone selling for 1.00, someone buying for 1.10. Huh?

Last 15 mins settle up. Happens every day on all stocks.

[tosspot]

at this rate well get a medicare announcement next week SP 1.50

[Intel]

Currently matching at 1.20???? Wtf

[shoe54]

for those who dont have real time


How does one get a real time feed for NZX? Am new to trading.

[Intel]

Sign up with direct borking, if you trade at least every 3 months I think it is you get live pricing

[Balance]

Sure, but announcing the first sale of the commercial sector is no reason for the SP to jump 40%. I'll say it for the last time: TOO MUCH IS PRICED IN RIGHT NOW.

I refer you to the cycles of investing as put up on the DIL thread. I think we're seeing a point on that map that begins with "E"...

Market says not enough is priced in?

$5, here we come!

[Wolf]

Hey i've got a question.
Yesterdy when the market opened there was a cross over of people buying at higher prices for example at 5000shares 80c and people selling at 5000shares 72cs.
The 80c buyer would be first in line to buy right? So does the buyer meet the seller halve way at say 76c or??

[blobbles]

In Direct Broking (if you use them), you can get near enough real time feeds by going to the shares pages, then using the drop down box (which says "Detailed" normally) and selecting "Depth". This gives you a view of all the recent trades, current bids/asks. Likely you can on other platforms too?

[Intel]

And slapped back to a 106 close, get ready for round two tomorrow!

[Dentie]

I wonder where everyone has their stop loss? I'm not bothering ....

[Balance]

And slapped back to a 106 close, get ready for round two tomorrow!

News coverage tonite and tomorrow.

Fund managers evaluating news at their meetings.

Tomorrow could be even more interesting!

[apac]

I wonder where everyone has their stop loss? I'm not bothering .... Can you do stop loss in direct broking?

[Balance]

Can you do stop loss in direct broking?

So far, stop loss = stop profits?

[Merc]

My elderly mother has a lot of shares and is at the age of saying, "I want to sell the overseas shares because I don't understand them!" She started this theme back in the recession and it took a lot of convincing to stop her doing it. Maths is NOT her strong point.

On Friday she started in again with her EUT shares on the London stock market and how she hates paying the share broker a management fee. "OK" says me, "You win but ONLY if you buy PEB instead!" 4pm on Friday I arrived home, rang her share broker and followed it up with an email. By 11am yesterday her pet peeve had gone and she had $15,000 worth of PEB. A 39.73% ($6,000) paper profit in 36 hours. Thanks to all you traders who sold them to her :)

[777]

Interesting number of viewers of this thread at present, 147.

[Captain Dan]

Hey i've got a question.
Yesterdy when the market opened there was a cross over of people buying at higher prices for example at 5000shares 80c and people selling at 5000shares 72cs.
The 80c buyer would be first in line to buy right? So does the buyer meet the seller halve way at say 76c or??

My understanding is that there is a market wrap at the day's opening (and in the last 15 minutes of trading) whereby all bids/asks that can be matched are grouped together and averaged out. So taking your example, you are correct as the average price would be 76c. Say if there were bids for 5000 @80, 4000 @76 and 5000 @72 and asks at 5000 @72, 6000 @76 and 3000 @79 then these would all be matched together as a group and not individually (so that essentially all the bids are grouped together and all the asks are grouped together and the price would be the average between the bids taken as a whole and the asks taken as a whole).

[tunsbro]

Don't quote me on this, but I believe you can for foreign stocks like in the US, but I don't think you can on the NZX (I wish you could though)!
Direct Broking don't allow stop loss for US stock.

[tunsbro]

I wonder where everyone has their stop loss? I'm not bothering ....
Please no one say. Red rag to a bear.
;)

[Dentie]

Can you do stop loss in direct broking?

Sorry mate - wrote that with tongue in cheek!

[Minerbarejet]

Don't quote me on this, but I believe you can for foreign stocks like in the US, but I don't think you can on the NZX (I wish you could though)!
You can do a stop loss on asb. You just set a trigger but dont set it too close or you might get dumped out.

[barney]

I'm stunned.

I caught the announcement earlier today and thought great, another 10 or 15 cent rise for the day. But just caught the closing price and got a big suprise.

I think the world has just woken up to the true worldwide potential of cxbladder. I heard David Darling make a brief comment on the radio after last weeks announcement. He was crediting the US deal with the calibre of the team on the ground there. It looks to me like PEB have done an excellent job recruiting the right people over there.

Things in the US appear to have progressed a lot faster than any of us would have thought. I figured we might start seeing deals being done in the US in the new year. But as David Darling has said in the past, the US is a lot more advanced in accepting genetic based tests and that looks like the case with cxbladder.

Maybe being a shareholder for seven years means you get too used to waiting for things to move. Hats off to them all at PEB.

[okay]

Well done to all holders and long term believers. Hats off especially to the initiator of this thread, Mr Hancocks.
People have been mentioning what got their early attention to this stock. For me it was the MAD butcher, when he appeared on tv one news.
Having the Mad Butcher putting his trust in and name behind the company was what sparked my initial curiosity. So cheers also to the butcher:)

[CJ]

So, now that we have hit the magic $1 mark, index funds should be piling in right??not unless it joins the index. If it stays at this level, it should be added.

[Balance]

I'm stunned.

I think the world has just woken up to the true worldwide potential of cxbladder. I heard David Darling make a brief comment on the radio after last weeks announcement. He was crediting the US deal with the calibre of the team on the ground there. It looks to me like PEB have done an excellent job recruiting the right people over there.



Mentioned a number of times by posters - quality company, quality staff and quality approach.

Bingo!

[Minerbarejet]

Ha ha ha and what do we get on tv ed hillary and BEYOND THE EDGE. Ha ha ha

[QOH]

Talking about PEB on newstalk zb business right now. Can probably get it later on demand

[gv1]

If it's any consolation, between PEB and XRO I haven't been able to concentrate on any other aspects of my life since last Monday!
On the money mate... can't believe esp getting in today.

[barney]

Talking about PEB on newstalk zb business right now. Can probably get it later on demand

Just heard Pattrick Smellie on Larry William's red neck radio show. ( sorry, I'm a slightly left leaning capitalist ) He was certainly giving it a positive spin.

All good for the shareprice now the main stream media is giving more coverage.

[barney]

You got a link for that mate?

http://www.newstalkzb.co.nz/auckland/listen-on-demand/audio/

Shoukd be able to pick it up here later tonight or tomorrow. Was on about 6.15pm- 6.20pm.

[barney]

http://www.newstalkzb.co.nz/auckland/listen-on-demand/audio/

Shoukd be able to pick it up here later tonight or tomorrow. Was on about 6.15pm- 6.20pm.

Actually, there must have also been some earlier coverage, given OOH's post was at 5.28. Should be on the same link.

[Dentie]

You got a link for that mate?

Here you go T ...http://content.radionetwork.co.nz/weekondemand/auckland/31815.mp3

Be sure to listen to the end bit when Larry Williams asks for the comparison between PEB & XRO

And no...I had nothing to do with it!! hahaha

(It is on about the 10min mark of this audio)

[bonne vie]

How's this for the sad story of the day, I need some violins playing. Placed below order - making a mistake (dah) and left mobile behind in van, instead of taking it with me to golf where I would have had a sneak look. Email received at 9.18am - did get to it to 3.30pm. And the golf was appalling. Glad I held other PEB.

Order: 1453501

Your order to BUY 10000 PEB at a limit of 74 cents with a start trigger of 68 cents has been declined.

Broker Comment:
Trigger for a buy order must be above the market price.

[geo]

This is going to be one of the best companys in NZ. I was invested in Cochlear COH. a aussie co {ear implanting} 5 yrs ago bought @$18 sold out 9 months @32 went on to reach $80 trading now about $60.

Peb can do this with quality products they have to back up CX, the fine people they have running the show and the rest of the world to serve.Holding and will never sell.

[Minerbarejet]

:)
Here are six quick reasons why PEB will prosper better than other biotech companies on the NZX and ASX;

1. The medical sector will always gravitate toward solutions that improve the health of patients.

It would seem that everything is in PEB’s favour, not only have the clinical trials been completed and now some of the user programmes also, but that these trials and programmes have demonstrated PEB’s own research that cxbladder represents a technological leap forward in the diagnosis of bladder cancer.

2. The insurance sector will always gravitate toward lower cost solutions which are equivalent to or better than existing medical practice.

PEB have established price points which allow for overall economic benefits to be realised by health organisations. They have been working with DHB’s to demonstrate the cost effectiveness of using cxbladder in reducing the cost of present diagnosis work up costs. Mid Central Health are presently performing a 400 test economic evaluation to this ends.

3. Competitive advantage

The superiority of cxbladder over its partial competition NMP22 has been researched and presented by PEB, and now demonstrated through clinical trials and reinforced through user programmes and independent research.

4. Barriers to entry

It takes an enormous amount of time (years) to develop a new technology, to complete clinical trials, and to gain regulatory approvals. NPM22 has been around for 10 years now and it has taken the market this long to come up with a leap in new technology, this being cxbladder. It takes a big leap forward to make the research and development time and effort feasible, equivalency or a small leap is not good enough.

5. Recognition

There is patient side demand for cxbladder. There is also no better exposure to practitioners than being published in the journal of urology, and as I understand the user programme results are also due to be published soon also. This combined with the above and the US commercialisation plan PEB have must make cxbladder a marketing manager’s dream.

6. Valuation

PEB by recognised FA is undervalued, possibly due to no analysts yet covering the stock, possibly due to the complexity of research required, possibly due to not being dual listed, possibly due to the market awaiting first US sales results. My feel is that PEB has de-risked so quickly that HY14 reporting of first US sales will be a point of inflection up toward fundamental valuation.

Disc: BUY
Bang on buddy.:)

[Balance]

Cheers for the links guys. Will have a listen when I get home.

Plenty bullish talk by Patrick.

He was a bit guarded when Larry said he should have told him to load up on PEB, haha.

Suspect he probably has a few?

[apac]

How's this for the sad story of the day, I need some violins playing. Placed below order - making a mistake (dah) and left mobile behind in van, instead of taking it with me to golf where I would have had a sneak look. Email received at 9.18am - did get to it to 3.30pm. And the golf was appalling. Glad I held other PEB.

Order: 1453501 (tel:1453501)

Your order to BUY 10000 PEB at a limit of 74 cents with a start trigger of 68 cents has been declined.

Broker Comment:
Trigger for a buy order must be above the market price.

buy tomorrow? You haven't spent it yet :)

[etrader]

It's fair to say a takeover by a major is the next logical step - 1.06 will equate to something sub $2.00 a share if they act quick which will secure the pipeline of IP that has been established - my view and I've said it multiple times this year is it will hit $1 by Xmas. My expectation has now been overtaken and it's more of a matter which month it goes north of $2.00

Disc hold and happy

[iceman]

How's this for the sad story of the day, I need some violins playing. Placed below order - making a mistake (dah) and left mobile behind in van, instead of taking it with me to golf where I would have had a sneak look. Email received at 9.18am - did get to it to 3.30pm. And the golf was appalling. Glad I held other PEB.

Order: 1453501

Your order to BUY 10000 PEB at a limit of 74 cents with a start trigger of 68 cents has been declined.

Broker Comment:
Trigger for a buy order must be above the market price.

Mine is even "sadder" bonne vie. Last thing I did on 9th of October, before heading off to relaxation in the Islands was to put in an order for 100.000 PEB at 49c ! I got only 4,000. Had I put in an offer at 51c before I flew off, I would have got the lot !!!!!
Them's the breaks.
Well done holders and no doubt much more to come. Great to see companies like this popping up in NZ and on the NZX

[robbo24]

I tipped out PEB to an anaesthetist (this was 2 weeks ago when PEB was at 50 cents) and a few days later he told me a few days later it was too risky so he wasn't getting in...

[shoe54]

106
10,000
16:59



106
4,000
16:59



106
4,900
16:59



106
5,000
16:59



106
1,000
16:59



106
10,000
16:59



106
5,000
16:59



106
5,000
16:59



106
850
16:59



106
1,000
16:59



106
6,500
16:59



106
1,650
16:59



106
5,000
16:59



106
8,350
16:59



106
1,650
16:59




surfersteve where do you get this info from? Asb gives me live quotes and depth but this looks like a real time feed.

[Microsloth]

Liking the Pacific Edge story and progress happy to hold and put buy order in for Morning .

David Darling still in states ? sure he's continuing the good work, its a big market and best of kind product more good news on way hopefully....

[bonne vie]

APAC - yes always tomorow and hopefully in a couple of years time paying an extra 34c or so now will seem insignificant.
ICEMAN -i hope your holiday was some consolation, better than my golf. Oh well thems the breaks

[nextbigthing]

more good news on way hopefully....

Yes. It will be very interesting over the next week or two. Another positive announcement like what we've seen and.... well I'd love to think...

Are you back in Mr Moose? Holding this time?

[biker]

Mine is even sadder bonne vie. Last thing I did on 9th of October, before heading off to relaxation in the Islands was to put in an order for 100.000 PEB at 49c ! I got only 4,000. Had I put in an offer at 51c before I flew off, I would have got the lot !!!!!
Them's the breaks.
Well done holders and no doubt much more to come. Great to see companies like this popping up in NZ and on the NZX

I'm sorry to say if you had left your order in you would have got them (or at least half of them) at 49c on the 10th

[blobbles]

It's fair to say a takeover by a major is the next logical step - 1.06 will equate to something sub $2.00 a share if they act quick which will secure the pipeline of IP that has been established - my view and I've said it multiple times this year is it will hit $1 by Xmas. My expectation has now been overtaken and it's more of a matter which month it goes north of $2.00

Disc hold and happy


Let us hope that if it happens, all the holders laugh at them.

This could easily be a $10-$20 stock in a year or fives time. It will degrade my faith in humanity if they are successful at a takeover at that level.

[JohnnyTheHorse]

I was very surprised that there weren't any big crossovers after the close today. That means there's a good chance that the insto's will be out there chasing stock again tomorrow. Unless some big sellers appear, that can only mean one thing (price going up again). Will be interesting to see how this plays out over the next few days.

[apac]

Let us hope that if it happens, all the holders laugh at them.

This could easily be a $10-$20 stock in a year or fives time. It will degrade my faith in humanity if they are successful at a takeover at that level.

For something as awesome as cxbladder, it's surprising it hasn't caught ppl's attention sooner. Never heard of it until last week, just got in when someone said the SP could do a Xero. Now I know more, I think it's definitely worth a lot more than $1.

$2 by end of year anyone? Or is there anyone bullish enough to predict end of month, even end of week?

Does anyone know anything like projected revenue and when they will start making profit etc?

[MAC]

For something as awesome as cxbladder, it's surprising it hasn't caught ppl's attention sooner. Never heard of it until last week, just got in when someone said the SP could do a Xero. Now I know more, I think it's definitely worth a lot more than $1.

$2 by end of year anyone? Or is there anyone bullish enough to predict end of month, even end of week?

Does anyone know anything like projected revenue and when they will start making profit etc?

Welcome to the thread and PEB APAC, do go back and read the thread from say February onwards. If you filter out all the chit chat you may find there is some good research, advice and analysis here. What you are looking for is either in the thread or referenced, it's been a very good thread this one, bit exciting at times too.

[Lost in space]

I am appalled that you find yourself in this position Moosie. I have agreed and disagreed with your viewpoints and opinions. But always admired and valued your stance. A shame to see you disappear into the vortex. You add colour to this forum. I trust you come back as "Moosie". Bad on them!

[apac]

Thanks MAC. Forgive me if this has been mentioned too. Is there an analyst target price? E.g. Forsyth Barr?

[winner69]

Mike Hoskings mate kerry from macquarie on newstalk zb did a rave on PEB for us this am

Words like millions and billions and zillions rolled of his tongue

150 today

[winner69]

Darling on the national program just now

Leverage relationships he was saying I think

[barney]

Darling on the national program just now

Leverage relationships he was saying I think

That was a good interview. Well worth a listen.

[False Profit]

Darling on the national program just now

Leverage relationships he was saying I think

He also said that buying their product, cxBladder, was not like going into a lingerie department and purchasing a bra.

Interesting analogy to make but he's right you know.

Disc - holding PEB and nearly have enough for deposit on house :t_up:

[Microsloth]

Interesting article in Otago paper today
Shares rise on drip fed good news

Craigs Investment Partners broker Chris Timms said it was ''all very well'' the company rolling out the press releases, but at some stage it had to show shareholders the good news was flowing to the bottom line, resulting in profitability. The stock ran on news flow.

http://www.odt.co.nz/news/business/278131/shares-rise-drip-fed-good-news

[False Profit]

Interesting article in Otago paper today
Shares rise on drip fed good news

Craigs Investment Partners broker Chris Timms said it was ''all very well'' the company rolling out the press releases, but at some stage it had to show shareholders the good news was flowing to the bottom line, resulting in profitability. The stock ran on news flow.

http://www.odt.co.nz/news/business/278131/shares-rise-drip-fed-good-news

for my 2 cents I guess what he's saying is just common sense, in a sense. Yes they do have to show a profit and step up and they surely will. On the other hand James Porteus, also from Craigs IP is on TVNZ Midday markets, is singing their praises every day.

Maybe they don't sit near each other in the office...I must add that my own work has definitely gone to sleep while these past few days have unfolded. It's kind of numbing to say the least.

[GR8DAY]

please refer to http://www.sharetrader.co.nz/showthread.php?9401-The-moose-is-taking-a-vacation&p=435156#post435156

SORRY TO HEAR YOU,VE BEEN PUT IN THIS DELEMMA M8........THERE,S A LOT OF jealous A HOLES OUT THERE. WILL MISS OUR BANTER, ENJOY THE BREAK!! (CAPS locks ESPECIALLY 4U MOOSE)

[blu3]

I've always had good hopes for PEB on the long term but I wasn't prepared to see it fly that early, that quickly, that far. Now, with the deriskified situation, I'd like to buy some more and even though I know that timing the market shouldn't matter for long term, I've always been doing EXTREMELY bad at this by usually buying on hype which was usually followed by a mid term downtrend. It took me 8 months to simply recover my _deep_ losses on my entire portfolio when I could have doubled my stack with a better timing. So the big question is: is it a good time to buy some? One one hand, I'm assuming that more big players might get in, that media/brokers coverage is just starting and that more good new might come from the other US contracts that are still in negociation, so it sounds reasonable to buy now, but on another hand I would totally fit the "buying in the fear of missing out" group, which is freaking me out, especially since the current bubble my explode if the first sales results disappoints.


I can't figure out the answer, so much seems to rely on luck for this kind of questions, but I'd be grateful for any insight.

[flipbot]

blu3 if we new the answer to that we'd all be rich. I feel more confident about this due to the derisk that you mention. I think the price will rise to a level where people then decide they need sales figures to go any further. What that level might be I'm not sure...but to throw it out there I think it is likely to continue a rise today.

[Balance]

Interesting article in Otago paper today
Shares rise on drip fed good news

Craigs Investment Partners broker Chris Timms said it was ''all very well'' the company rolling out the press releases, but at some stage it had to show shareholders the good news was flowing to the bottom line, resulting in profitability. The stock ran on news flow.

http://www.odt.co.nz/news/business/278131/shares-rise-drip-fed-good-news

It's a Forsyth Barr stock so Craigs will be seething that they missed out on the story.

Chris had probably been telling his clients to steer clear when they asked his 'valued' opinion :D

[Sideshow Bob]

It's a Forsyth Barr stock so Craigs will be seething that they missed out on the story.

Chris had probably been telling his clients to steer clear when they asked his 'valued' opinion :D

I do business via Craig's and couple of times raised PEB, they've dissuaded me from buying.....

[CJ]

Interesting article in Otago paper today
Shares rise on drip fed good news

Craigs Investment Partners broker Chris Timms said it was ''all very well'' the company rolling out the press releases, but at some stage it had to show shareholders the good news was flowing to the bottom line, resulting in profitability. The stock ran on news flow.

http://www.odt.co.nz/news/business/278131/shares-rise-drip-fed-good-newsFair call but given they have only been selling for the past few months in the US, there is plenty of time for the sales to flow though. As others have refered to, the same could be said for Xero - at what point are they going to stop buying customers.

Note that when Darling says PEB will be profitable in 2014, I assume he means this year as they have a March 2014 balance date.

[Balance]

I do business via Craig's and couple of times raised PEB, they've dissuaded me from buying.....

http://tvnz.co.nz/business-news

Go to Business Videos, midday 22 Oct and have a listen.

James Porteus of Craigs : " what happened a month ago, 2 months ago, they announced a licensing agreement with a major US company .."

Eh - the agreement was actually only a week ago.

Shows the appalling state of knowledge Craigs and some other brokers have of PEB.

Oh well, all the better for those with faith and reading sharetrader to pick up heaps at a good price before the 'experts' pick up on the story.

[JohnnyTheHorse]

Had a chuckle at that too Balance. Confirms my theory that the majority of the people they have on TV talking about the stocks have very little idea what they are actually talking about. I'm sure they have the stocks they know very well, but surely if they know they will be talking about something they would do a little research first!

[Balance]

Had a chuckle at that too Balance. Confirms my theory that the majority of the people they have on TV talking about the stocks have very little idea what they are actually talking about. I'm sure they have the stocks they know very well, but surely if they know they will be talking about something they would do a little research first!

Notice how he looked like a possum caught in the spotlight?

Was probably googling on his mobile 5 minutes before the interview to find out what was going on.

Imagine being a client and ringing him up for advice on a stock?

No wonder brokers these days have disclaimers which go into 16 pages!

[pierre]

So far looks like it's going to open at 110 today.

[Balance]

So far looks like it's going to open at 110 today.

Too early.

What is clear is that the sellers*are running away and the offer side is getting awfully thin.

Why sell at $1.10 when it may be worth $5.00 in a year's time?

[cammo]

im thinking that ill sell down my shares today at 1.30-1.50 and wait till feb to buy back in. Who's with me?

[Balance]

Radio NZ report on PEB this morning OCT 23 (http://www.radionz.co.nz/audio/player/2573779)

Huge hurdles overcame (eg. 14 months to obtain US regulatory approval alone) and now, the USsales team are showing they can do the job - and HOW!

Onwards and forwards, folks.

[False Profit]

I could sell my PEB shares at 135c going by DBs website? Can someone assist my understanding, please?

[karen1]

Radio NZ report on PEB this morning OCT 23 (http://www.radionz.co.nz/audio/player/2573779)

Thanks for the link turmeric, yet another good listen from David Darling. I couldn't hear him yelling from the roof top (never does!) just telling it like it is, as he always does.

"It's run away a bit on us" a comment typical of the man. Me, I would be jumping up and down! Again, well done PEB, the hard yards are paying off.

Guess we're in for another exciting day.

[Balance]

Thanks for the link turmeric, yet another good listen from David Darling. I couldn't hear him yelling from the roof top (never does!) just telling it like it is, as he always does.

Guess we're in for another exciting day.

All credit to the team at PEB - they have kept a lid on the news flow so there were no leaks to the market.

That's why the share rocketed - and traders were caught with the scope halfway into their ole fellow? :D

[CJ]

im thinking that ill sell down my shares today at 1.30-1.50 and wait till feb to buy back in. Who's with me?Why sell into an uptrend. At least wait till it hits resistance before taking some money off the table.

[Heffner]

I could sell my PEB shares at 135c going by DBs website? Can someone assist my understanding, please?

This is just for the BUY to be at the top of the queue when trading begins. You can't sell for 135, the sell order would go through at the match price. It is a balancing act between buyers and sellers. Putting a BUY order in that high can only backfire if all the sellers pull out all of a sudden and the only match price left is a seller at 135.

I probably haven't written this well but hope it helps.

[blu3]

Thanks for the insights - I definitely have no problem sleeping tight even on deep losses but I just get frustrated to know that I could have done 2x better :)
The buying button gets harder to click every second... now matching at 140, what's wrong with those peoples?

[stoploss]

I could sell my PEB shares at 135c going by DBs website? Can someone assist my understanding, please?

HI FP , that is showing the current highest bid in the market. The market undertakes a match in the pre-open, where it will match the highest bid and lowest offers...average them out at the price the most volume can trade....( roughly ) The current match price is 1.12. You should be able to get a live feed. Maybe call the brokers and get them to talk you through it .......

[Balance]

A seller with 100,000 to sell at $1.12 just pulled out after looking at the relentless bids pouring in.

This baby is going much much higher.

Those in Xero have a taste of how it is like to turn $10,000 into $280,000.

[dagoldtoof]

Well have placed just placed a order doubling my holdings....If others are thinking like me that its a nobrainer am expecting prices to rise again over the week....

[Minerbarejet]

im thinking that ill sell down my shares today at 1.30-1.50 and wait till feb to buy back in. Who's with me?
Think you might be on you own on that one.

[biker]

http://tvnz.co.nz/business-news

Go to Business Videos, midday 22 Oct and have a listen.

James Porteus of Craigs : " what happened a month ago, 2 months ago, they announced a licensing agreement with a major US company .."

Eh - the agreement was actually only a week ago.

Shows the appalling state of knowledge Craigs and some other brokers have of PEB.

Oh well, all the better for those with faith and reading sharetrader to pick up heaps at a good price before the 'experts' pick up on the story.

I agree Balance. Thought when I heard it that that was a rather careless comment and quite unprofessional I would have thought. The media's own commentators get it wrong but you don't expect that from a finance professional.

[tosspot]

I had a dream last night we hit 1.64 today. Maybe crazy dreams come true. who would of thought even at 7am this morning, but now?

[Balance]

Think you might be on you own on that one.

Imagine selling out at $1.30 or $1.50, and find J&J has offered $3.00 a share for PEB the next day?

[dagoldtoof]

What is the website that informs posters here the bids that are being placed before market opens?...,,,,,early morning and feel like a drink! getting jittery that my bid will not cut the mustard...

[karen1]

ASB match price at 9.42 am, $1.30

[clip]

im thinking that ill sell down my shares today at 1.30-1.50 and wait till feb to buy back in. Who's with me?

most definitely not

[Toasty]

Put my bid in for more but I think I'm going to miss out. Don't want to get too hyped but the fever is definitely raging...

[Dentie]

Interesting article in Otago paper today
Shares rise on drip fed good news

Craigs Investment Partners broker Chris Timms said it was ''all very well'' the company rolling out the press releases, but at some stage it had to show shareholders the good news was flowing to the bottom line, resulting in profitability. The stock ran on news flow.

http://www.odt.co.nz/news/business/278131/shares-rise-drip-fed-good-news

I wonder if Mr Timms says the same for XRO??

[zymwh]

ANZ match price 140c

[777]

ANZ is DB.

[Nigel]

Seems we are ready for a big open!!

Hold on tight. It's going to be a frenetic start to the day :)

[ocr11]

so happy im on this bus and not watching it .

Would love to throw the kitchen sink at it today though and make even more !

Well done holders

[Jay]

Just had a look and lowest Buyer is $1.50 and lowest seller is $1.00 :confused:

[apac]

im thinking that ill sell down my shares today at 1.30-1.50 and wait till feb to buy back in. Who's with me?

I will. 100% gain in 2 days is not bad

[Toasty]

Sitting here hunched over the computer with sweaty palms...and its just the share market...

[CJ]

I cant figure it out on ASB as they only show the top ten buys and sells - there is daylight between them. I would ahve to guess between 1.40 and 1.50

[Joshuatree]

My broker from craigs has sent me a mkt depth(WOW) and congratulations.!!!. Its thanks to great posting on here that got me in a while back so its Harvey Wallbangers all round ....figuratively:t_up:

[QOH]

OMG this has been the best two days of my entire years in the sharemarket.
Thankyou thankyou Hancocks

[steve06]

Great seeing PEB doing so well! Going bonkers!!

[Jay]

Opened at 1.45 now 1.50 as I write, and seller either disappearing or upping their price

[Nigel]

$1.70?! This is crazy. How high is this thing going to go??!

[CJ]

BOOM - $1.50. I think I can safely say (especially since DIL has dived today) that PEB is now by biggest holding!!!

Just earn a months (after tax) salary in 5 minutes this morning.

[CJ]

$1.70?! This is crazy. How high is this thing going to go??!


BOOM - $1.50. Sorry for the slow post - it took a while for my calculator to work out all the figures.

[MAC]

I had to snap this image, I don’t think I’ve ever seen all the green on the right before.

Impressive effort folks.

4934

[steve06]

This is great never expected to fly like this!!!

Just wondering is the AGM and annual result release out sometime in nov?

[Toasty]

Got another block at $1.39 and just made a weeks salary on top of the 60% rise of my earlier block. It feels wrong somehow. So used to a sedate boring market that this just feels strange. And add XRO to that and....

[Nigel]

Sorry for the slow post - it took a while for my calculator to work out all the figures.

Mate, it's hard to keep up!! $1.75 now.

[tosspot]

I had a dream last night we hit 1.64 today. Maybe crazy dreams come true. who would of thought even at 7am this morning, but now?
jeeeeezzzz my dream came true within 10 minutes of opening, someone pull me away from the computer

[zs_cecil]

My goodness. I know the potential of this company. But I still can not believe my eyes when I saw it shooting up to $1.70.....

[GR8DAY]

.....JUST CRAZY STUFF.......I suspect there might be some burnt fingers soon. Think I'll let the dust settle before topping up again??

[Toasty]

jeeeeezzzz my dream came true within 10 minutes of opening, someone pull me away from the computer

Wake up tosspot. Its Monday. Get to work and check on your RAK shares...

[cammo]

funny i thought all the long termers like me were only holding out for a 2x up ;). 5$ by feb or is santa bringing peb just reward for all the ducks in a line? this news hype definitely great for the kids university fund.

[geo]

No luck with this one Blu3. BUY and hold you wont be sorry.

[gonzo56]

I suspect a lot of the xro and peb buyers over the last week are ex or current dil holders... It's like the perfect storm for peb at the moment - people trying to recoup losses from dil and others looking to leverage profits from xro.

[Jay]

Sold enough @ 1.65 to back my initial investment and till have nearly twice that left at current prices.

[Citizen Erased]

I bought my original holding of PEB earlier in the year at 0.60. Bought more yesterday at 0.78 and 0.88. I could have bought even more yesterday, but I'm a newbie to the share market and wasn't brave enough to commit too much to one stock, especially after buying DIL at 6.71 and OGC at [too embarrassed to say], both of which I still hold. Well, PEB's performance has certainly brightened my mood. My losses in DIL and OGC were well and truly made up for before the market closed yesterday. I'm sure my mood will be even better by market close today. :D I'm just a small fish and won't be buying a new car with my paper gains, but it's fun to watch all the same.

[Nigel]

Things are dropping off a bit but still up over 30% for the day. Long term this will go sky high, but clearly people banking some profits from the recent stellar run.

[robbo24]

Where are the TA guys on this one? Must be due for a bounce of $1.40 right?? I;m wondering whether to have another nibble...??

Resistance at 165?

Time for people to sell down and take some profits?

[gv1]

I am one not selling until I see $10.00. Which will be still cheap. Have seen Cochlear SP.

[blu3]

No luck with this one Blu3. BUY and hold you wont be sorry.
I actually didn't get any today - too much madness going on during the pre-trade session for me.
I did think for a second though to sell at $1.65 when I saw the hype slowing down at $1.7 to then hopefully buy back at a lower price, but... I dunno, it just felt wrong and scary. I guess I'm not ready to be a trader :)

[blockhead]

If you hopped in at $1.75 this morning I suspect the best treatment for slightly burned fingers is to dip them in cold water

[lastmoa]

Sure is a good run PEB is having ... with the backing of good news, which is more important. Even nice to see a claw-back to $1.40's.
Seems a few people new to the sharemarket are doing well. Just please note that what has happened to XRO and PEB are not 'the norm' ... so please try to keep grounded. Not raining on anyone but keep an eye also on the 'normal' blue-chip stocks to see what normality is. To beat the bank interest rates well is the realistic aim.
We are in interesting/exciting times with these two NZ stocks.
dsc - holder of both and following the story more than the SP (well trying too). 8-)

[Merc]

Whilst I use ASB Share Trading my elderly mother still uses a broker (and we use the Power of Attorney to implement her wishes)

On Friday I contacted my mother's share broker to sell some overseas shares and put the money into PEB. The broker, from one of the largest broking companies said with a yawn, "PEB? One of my other customers was talking about this but it isn't a company that we follow." His staff member who bought the shares for Mum on Monday also hadn't heard of it but said she "may look into it."

I wonder what they are thinking now...

[tosspot]

With over 200 people viewing this thread. I do wonder if the stock is almost being run by this thread. not a bad thing because sentiment is great here.

[geo]

Don't trade be an investor.

[gv1]

With over 200 people viewing this thread. I do wonder if the stock is almost being run by this thread. not a bad thing because sentiment is great here.
This is where you learn about great stock, do you think brokers do that?

[apac]

$2 by end of day anyone :D

[zymwh]

May I also add pls do remember to claim your short term gain to ird.

[Minerbarejet]

All we need now is another announcement, eh guys and guyesses:)

Looks like the booster rockets have kicked in.

[ocr11]

Meant to be studying for the biggest exam of my life but this is the ultimate distraction.
This is more fun than being at the casino .

whats the deal with the NZX 50 now , is PEB automatically included ??

[goldfish]

So hard not to sell at 170 this morning, being more a trader then investor, paid 76. But like others have said this thing could be 5$ in a year or two. A excellant product and they have just started.

[karen1]

I bought my original holding of PEB earlier in the year at 0.60. Bought more yesterday at 0.78 and 0.88. I could have bought even more yesterday, but I'm a newbie to the share market and wasn't brave enough to commit too much to one stock, especially after buying DIL at 6.71 and OGC at [too embarrassed to say], both of which I still hold. Well, PEB's performance has certainly brightened my mood. My losses in DIL and OGC were well and truly made up for before the market closed yesterday. I'm sure my mood will be even better by market close today. :D I'm just a small fish and won't be buying a new car with my paper gains, but it's fun to watch all the same.

Sharetrader is a great place to be, CE. Well done getting into PEB at .60. As dellow (post #3344) says, "try to keep grounded", which I'm sure you are doing. Dellow also says he follows the story more than the sp (trys to), wise words indeed.

As you are new to the market, can I suggest you take some time to read through some of the threads that interest you, going back some way? You might find comments you can align your thinking to, and you are sure to pick up some pearlers like:

The results of leaving money in crap stocks can readily be seen by my performance in the sharetrader competition, where I have a big fat negative beside my portfolio. I owned all those stocks at the start of the year, having just purchased them. Fortunately I copped my losses on the chin, sold 3 of them quick smart, and put the money into ENV, MF and CTE in March. Sometimes you win, sometimes you lose, cut your losses, try, try again until you find the winners. KW (a poster very much worth reading, IMO, but there are many more on the threads)

Part of my trading strategy is to exit stocks which have turned against me regardless of cost. from a ST poster, unfortunately don't remember who

Keep perspective and maintain your own judgement. Heard somewhere

The biggest mistake (an investor can make) is greed. Brian Gaynor

Have fun with your portfolio, and especially enjoy today!

[GR8DAY]

$2 by end of day anyone :D


.....picking $135/140 as a more "sensible" price close but still incredible gains over the week.

[goldfish]

.....picking $135/140 as a more "sensible" price close but still incredible gains over the week.
Im thinking your right, but maybe hopefully we can see another uptrend this afternoon like yesterday.

[Dej]

Picture says a thousand words

4935

This must be a good few weeks for you Sparks :)

[okay]

PEB in the wall street journal yesterday
http://online.wsj.com/article/PR-CO-20131022-908663.html

[Citizen Erased]

Thanks Karen. I've done a lot of reading on this forum, just haven't posted much.

All of my share purchases were intended to be long term investments. I've got a day job so most of the time can't keep a close enough eye on the markets to be a trader. I'd also rather avoid the hassle of keeping track of gains/losses for tax purposes.

[gv1]

Picture says a thousand words

4935
WElcome mate

[Captain Dan]

PEB in the wall street journal yesterday
http://online.wsj.com/article/PR-CO-20131022-908663.html

Thanks for the article. Excert from the article "Pacific Edge, through its wholly owned subsidiary Pacific Edge Diagnostics USA (PED(USA,) ) has already achieved the first commercial sales of Cxbladder in the US(2) and has processed samples collected using its proprietary Urine Sample System at its custom built laboratory in Hershey, Pennsylvania" seems to suggest they have only made two sales. Peopple expecting a big announcement in November might be in for a shock.

Disc - a very happy holder.

[benjitara]

Thanks for the article. Excert from the article "Pacific Edge, through its wholly owned subsidiary Pacific Edge Diagnostics USA (PED(USA,) ) has already achieved the first commercial sales of Cxbladder in the US(2) and has processed samples collected using its proprietary Urine Sample System at its custom built laboratory in Hershey, Pennsylvania" seems to suggest they have only made two sales. Peopple expecting a big announcement in November might be in for a shock.

Disc - a very happy holder.

No captain they are footnotes in brackets. not two sales. you can see (1) earlier on in the article

[Dentie]

Righto, you've had your breather looks like we're off again ...

[steve06]

another stab at 1.70? :t_up:

[Captain Dan]

No captain they are footnotes in brackets. not two sales. you can see (1) earlier on in the article

Ah, my mistake.

[goldfish]

Lol bought a couple more at 145 and now already back up to 164, this things insane!!!

[baller18]

A million thanks to Hankcocks, SPC, MAC and to everyone else here as well! Million thanks again!

[craic]

Managed to scrape up enough cash to buy 4,900 this morning at 145cps and went outside for an hour came in to a price of 160cps. all that alerted me was a half-heard item on an eraly morning news bulletin - I didn't even know which company they were talking about. Will watch with interest (like a hawk watching a mouse)

[Balance]

Big volume day again.

Looks like institutional and fund managers buying in.

Would not be surprised to see a big American fund buy 5% of the company - 14m shares.

[pierre]

My daughter, who lives in Oz, has been diving a little too deeply ( for my liking) into the funds she received a year or two back following separation from her husband.

I phoned her on Sunday and asked her to send me $A100k as I had a good investment for her. I purchased 150,000 PEB for her at 74 on Monday and was mildly concerned when they closed that day at 72. Today, she and I are delighted that so far her investment has more than doubled in value in less than 48 hours.

I know it's not wise for her to have all her eggs in one basket, but it feels like a pretty good basket right now. In addition, as a good Dad, I undertook to underwrite any losses that she might incur.

So I've now got MY hands on the funds which will stop her spendthrift ways, her equity has improved dramatically and I can sleep far more soundly knowing I wont have to be bailing her out of financial strife in the future.

Thanks to Hancocks, Sparky et al - without your input on this site I would never have taken the plunge. (My wife and I also have a substantial holding in PEB too.)

[percy]

I would like to congratulate Hancocks and all of you who brought PEB shares.Well done.

[blobbles]

First profit in 2014? Are they pushing hard enough - Rod Drury wouldn't even consider earning a profit if he was in charge!

Let's get that second and third product into testing and approvals!


My daughter, who lives in Oz, has been diving a little too deeply ( for my liking) into the funds she received a year or two back following separation from her husband.

I phoned her on Sunday and asked her to send me $A100k as I had a good investment for her. I purchased 150,000 PEB for her at 74 on Monday and was mildly concerned when they closed that day at 72. Today, she and I are delighted that so far her investment has more than doubled in value in less than 48 hours.

I know it's not wise for her to have all her eggs in one basket, but it feels like a pretty good basket right now. In addition, as a good Dad, I undertook to underwrite any losses that she might incur.

So I've now got MY hands on the funds which will stop her spendthrift ways, her equity has improved dramatically and I can sleep far more soundly knowing I wont have to be bailing her out of financial strife in the future.

Thanks to Hancocks, Sparky et al - without your input on this site I would never have taken the plunge. (My wife and I also have a substantial holding in PEB too.)

Wow great story Pierre!

Us believers have been evangelising this stock for so long, it's great that a lot have joined our religion! Keep holding for a few years though, that's when the real gains will come. The current jump is a revaluation to reality from it being a screaming buy for so long. Once this is over it will be slow and steady all the way to $10 and beyond, that's my view. At that point your family should be millionaires, I just wish I had had the same capital to invest!

[clem]

CDY taking a lift as well over at ASX.
Hitching a ride on the back of PEB maybe.They got pay royalty payment recently of just over a million shares in PEB,thats is 5% of that company's market cap.

Held PEB since 2005 and recent got into CDY

[False Profit]

Serious question, chaps. Having been burned rather badly by the quick demise of DIL and SNK I'm thinking of putting in a stop loss for 120c.

Wise or overly cautious? I'm after a yae or a nay.

Many Thanks

[blobbles]

Serious question, chaps. Having been burned rather badly by the quick demise of DIL and SNK I'm thinking of putting in a stop loss for 120c.

Wise or overly cautious? I'm after a yae or a nay.

Many Thanks

Its up to you, but it sounds like you are a short term trader. If you are in for short term profits (some would call them "False profits", but not me ;)) then you just might want to. Personally I am holding all the way to around $20 and above as long as the story remains the same!

Based on current data, I would call PEB a long term play. This short term spike is simply revaluation of its potential with a lot of risk still built into it. But it seems with every release of information that risk disappears further and further. I have done modelling on PEB that shows that if they were able to grab 50% of the worlds markets in bladder cancer detection, the stock would have a base 7% return valuation of $20 with a growth valuation of $34. And this does not take into account entry into the Asian market, or new products they have in their pipeline (CxColorectal etc).

Of course people can come on and tell me (like they have before) that I am dreaming that PEB will ever be able to get more than 10% of the market share. Despite them having a better, cheaper, more accurate test than anything currently available.

4936

[Dentie]

I would like to thank wholeheartedly the participants in this thread; as you can see by my pathetic plea at the start I have now gained a quite a lot of knowledge about PEB.

I especially want to thank the opposing opinions and the antagonists, because they drove me into deeper investigation. Without that opposing viewpoint our personal opinions can get out of kilter and we need a reality check occasionally.

When this thread was started I had been in negative territory for four years! I have been invested in PEB for over 12 years and was always confident that it would go off! I just didn’t expect it to be over a couple of days. So thanks to each and every one of you for your company, humour, the stories, the posts for and against, it’s a pleasure to part of this with you. Woo Hoo, go PEB!

Hat's off to you hancocks!!

[ddrone]

Looks like the rally may have subsided, lots of depth and presumably a lot of sellers of "expensive" stock now.

[Xerof]

Mr Magoo, you have been in my thoughts these past few days, as I wonder how you are coping with the life changing developments we have witnessed already.

I suggest you appoint some trustees, and direct them in writing not to sell !

congratulations mate

[biker]

I have lightened up today. Buy price averaged .553 sold at a vwap of 1.494, slightly above the market vwap.
Have retained 60% that have now a cost price of zero and provided a profit in the bank as well.
Will now think long term and try and get on with some work!
What an amazing couple of weeks.

[False Profit]

Its up to you, but it sounds like you are a short term trader. If you are in for short term profits (some would call them "False profits", but not me ;)) then you just might want to. Personally I am holding all the way to around $20 and above as long as the story remains the same!

Based on current data, I would call PEB a long term play. This short term spike is simply revaluation of its potential with a lot of risk still built into it. But it seems with every release of information that risk disappears further and further. I have done modelling on PEB that shows that if they were able to grab 50% of the worlds markets in bladder cancer detection, the stock would have a base 7% return valuation of $20 with a growth valuation of $34. And this does not take into account entry into the Asian market, or new products they have in their pipeline (CxColorectal etc).

Of course people can come on and tell me (like they have before) that I am dreaming that PEB will ever be able to get more than 10% of the market share. Despite them having a better, cheaper, more accurate test than anything currently available.

4936

No I'm definitely not a short hold trader. Don't have the stone's for that. I just can't take the mental instability it would cause me if this share dropped like a stone for some reason. I've already given myself a sound whipping for not selling at 170c this morning.

Your figures make mouth watering reading. 10% penetration for a share value of $6?!?

[karen1]

Hancocks, I was about to give you a should to make sure you were still with us!!! Thought the rocket might have taken you with it.

Accolades to you.

[zymwh]

Trading halt

[blobbles]

No I'm definitely not a short hold trader. Don't have the stone's for that. I just can't take the mental instability it would cause me if this share dropped like a stone for some reason. I've already given myself a sound whipping for not selling at 170c this morning.

Your figures make mouth watering reading. 10% penetration for a share value of $6?!?

If you are a long term holder, you most certainly should NOT be worrying over intra day trading values! Buy some, put them away, don't get emotional when they skyrocket, then don't get emotional when they drop. Lack of emotion is the key for long term trader success :) for something like PEB (and probably anything). It will be a highly volatile stock now for a few days, my guess is settling somewhere around the $1 to $1.20 range.

My figures are eyewateringly good, I agree. That's why I am staying in for a long time! Note though that there are many risks associated, DYOR and keep on top of things, particularly if the story changes. But we now know they are definitely selling products in the US, how much, how fast is now something they will have to tell us in their sales reports.

[clip]

https://nzx.com/companies/PEB/announcements/242760


PEB (https://nzx.com/markets/NZSX/securities/PEB)
PE Renounceable Rights Issue (https://nzx.com/companies/PEB/announcements/242760)
23 Oct 2013, 1:56pm
RIGHT



renouncable rights offer, if i'm reading this correct, for every 15 shares I hold I am entitled to purchase 2 more at 0.55c per share ? Everyone going to be taking this up?

The key dates* for the Rights Offer are:
Announcement of Offer 23 October 2013
Rights trading commences 5 November 2013
Record date for eligibility 7 November 2013
Dispatch of Offer document 11 November 2013
Rights trading ceases 21 November 2013
Offer period closes (5.00pm) 27 November 2013
Shortfall Bookbuild for entitlements not taken up 29 November 2013
Allotment date for shares under entitlement offer 4 December 2013
*These dates are subject to change and are indicative only.

[blobbles]

https://www.nzx.com/companies/PEB/announcements/242760

I think you would be silly not to buy into this one!

[zymwh]

Oh I really love their way to take care of their shareholders

[blakecb]

What impact do you think this will have on the SP?

[Dentie]

Oh I really love their way to take care of their shareholders

I agree with you here mate

[Dej]

What impact do you think this will have on the SP?

Could be an oppourtunity to collect more at a discount rate, or in my case, get on the band wagon since I missed it!

[Dentie]

What impact do you think this will have on the SP?

Over time I reckon it will give it a big kick up the jaxy

[Cricketfan]

https://www.nzx.com/companies/PEB/announcements/242760

I think you would be silly not to buy into this one!

Newbie question - how do you take up the offer?

[andysh]

Currently at 1.20, so downwards pressure on the short term share price, i'm not to worried, as my original purchase price was a lot lower (60s), and with this share options, will decrease my average power further.

[jac12]

That announcement seems to have killed the share price!

[blobbles]

Record date for eligibility is 7th November. I am sure that will put a thorn in the side of many people thinking to sell out today to buy more later... you have to make sure you can buy before Nov 7th if you want to be in with a grin...

If the price stayed above 1.10, you would be looking at a potential quick 100% profit if you took up the rights issue, or more if the price was higher... if you are currently selling PEB you may want to quickly withdraw your bid until you have time to mull this over!

[zymwh]

Dilution??
(2*0.55 + 15*1.40) / 17 = 1.30
Not sure am I right?

[blobbles]

Dilution??
(2*0.55 + 15*1.40) / 17 = 1.30
Not sure am I right?

The dilution will only affect those who don't give them money :)

[GR8DAY]

.......DANGEROUS GAME WE ALL PLAY!!..........the market sure doesnt like it

[fiasco]

Excellent timing, just topped up my holding. Don't understand the panic!

[blakecb]

I wonder if they will do an AHZ.ASX and time a positive announcement soon after this to encourage the punters along. My current position is now worse off, but agree that long-term, it will be the business. I would love them announce they have signed up Medicare.

When are the sales figures released? Any one have a date?

[Dej]

Excellent timing, just topped up my holding. Don't understand the panic!

Market always over reacts to these sorts of things. Time to buy (probably later though, when they come in to play).

[stoploss]

Record date for eligibility is 7th November. I am sure that will put a thorn in the side of many people thinking to sell out today to buy more later... you have to make sure you can buy before Nov 7th if you want to be in with a grin...

If the price stayed above 1.10, you would be looking at a potential quick 100% profit if you took up the rights issue, or more if the price was higher... if you are currently selling PEB you may want to quickly withdraw your bid until you have time to mull this over!

mmmm if you are currently selling you will be an offer ......

[JohnnyTheHorse]

Seems silly to me that they are making the rights so cheap. Sure it means you get some cheap shares, but there would be way less dilution if they tried to get them at $1.

[zymwh]

I take it as a treat to its shareholders not dilution. Cannot imagine I can still get PEB at 55c.

[Nigel]

Raising money to pursue sales - sounds good to me.

Dilution/commitment isn't massive - we're talking ony 2:15, not 1:1.

e.g. 10,000 shares (worth $15,000 at 1.50 each) lets you buy a further 1333 shares at 55c (costing another approx $733, but worth about $2000 if price stays at 1.50). I don't see why this should move the market significantly either way.

A small(ish) outlay, to get a few extra cheap shares, to help build sales. If anything I thought the market would respond positively, but what do I know :)

[clip]

good chance to top up as the traders start flicking due to fear of dilution? pick up more now/shortly, then pick up more again at 55c :D?

[Xerof]

This represents a gift IMO. They obviously had this planned for a while, and rather than change the metrics, have decided to run with it as is

just bought a few more, thanks

[tosspot]

So Xero announce a cap raising far greater than this and their SP flies into the stratosphere. but PEB do it at people get scared and flee. Logic

[LiKaShing]

I am feeling lucky now, sold my holding at 1.49 and just bought back in at 1.20 :t_up:

[clip]

So Xero announce a cap raising far greater than this and their SP flies into the stratosphere. but PEB do it at people get scared and flee. Logic

I'm guessing perhaps because a lot of people bought in today (with intention of trading) after the recent news without really following it hoping to make a quick buck, and are now getting scared? other's thoughts? while XRO been a lot more prominent/people have been following it for a while, and is more of a "general success story"

[Xerof]

@ SS

Why do you do that?

[Nigel]

The 55c cents was clearly arrived at last week. The sight of double-digit numbers associated with PEB has had a negative influence I think.

People haven't realised that they can't buy a whole stack of shares at that price - you need to be a holder first, and then you can only buy new shares equivilent to 13.33% of your holding for the 55c price. Maybe we're seeing people selling down 13.33% of their holdings so they can then buy that 13% back cheaper??

[Nigel]

I think it's just a chance to top up your holding and get some 'additional shares at a reduced price all-the-while acknowledging the likelihood that the shareprice could fall by a proportionate level since your % ownership of the company will remain the same'

[blobbles]

Anyone care to see my modelling now I have included Asia?

(It may hurt your eyes... particularly if you are selling...)

4937
4938

[biker]

@ SS

Why do you do that?

And do we need it?

And do we want it?

The rapidly moving market means it lags behind very quickly

[biker]

i said i would reframe

you wont need my new web site then....

No, I wouldn't say that. Sounds interesting.
Just wonder whether we need stuff like that posted here on a regular basis.

[JimHickey]

So much false information in here about rights issues. It is not free money.

[Nigel]

So much false information in here about rights issues. It is not free money.

The way I was viewing it is that you're paying 55c for shares that will probably be trading at 1.50 (who knows!). Yes, there are more shares on issue, but the company will be worth more (balance sheet will be strengthened by $20mil), so value per share should stay the same?

[JimHickey]

value per share will drop as long as rights are issued at a discount to market price.

[winner69]

So much false information in here about rights issues. It is not free money.

Now you put a cat amongst the pidgeons mate

[winner69]

So much false information in here about rights issues. It is not free money.

Now you put a cat in with the birds mate

Don't ruin their fun

[Balance]

So much false information in here about rights issues. It is not free money.

It is not.

But a rights issue can change the dimension and scope of a company's business - if the money raised is used for the right purposes.

In this case, I have no doubts PEB is doing the right thing and I will definitely be subscribing for more than my rights entitlement.

Thanks, PEB for not doing a placement of discounted shares to the institutions and high net worth investors.

Remember the last rights issue by PEB was 3:7 for 19 cents. Imagine if you were brave enough to chuck in $19,000 at that time? It will be worth $130,000 today.

The way the sp is recovering now, I would say the institutions are taking this rights issue as a buying opportunity.

We could see a closing price of $1.50 today?

[Lorne Ranger]

My old brain is struggling to make sense of this share offer, at least in terms of what it does for the share price. In the short term it makes sense to buy more shares so you can qualify for more shares on 7th. But them post 7th there may be pressure on the share price. And more pressure when the shares are released and people may want to cash in, so at least 13% pressure, theoretically. All balanced by it seeming like a company going places, and the fact that the capital raising is to advance sales in USA.

I guess this is the kind conundrum that separates men from boys. Good luck to you all for your decision making on this one.

Anyone has sage advice on how to interpret this development?

[blobbles]

So much false information in here about rights issues. It is not free money.

Agree completely. If you take them up on the rights issue, you are essentially paying them more money to receive the same amount of rewards you would in the future if you kept holding the stock and the rights issue didn't exist (as you will own the same % of the company). While the rights issue makes their chances of success higher and potentially your return on original investment faster, it also comes with a large element of risk.

[okay]

It is not.

Thanks, PEB for not doing a placement of discounted shares to the institutions and high net worth investors.

Amen to that.

[whatsup]

The 55c cents was clearly arrived at last week. The sight of double-digit numbers associated with PEB has had a negative influence I think.

People haven't realised that they can't buy a whole stack of shares at that price - you need to be a holder first, and then you can only buy new shares equivilent to 13.33% of your holding for the 55c price. Maybe we're seeing people selling down 13.33% of their holdings so they can then buy that 13% back cheaper??



TERP was .67c and 16% discount was at that price which gave a application price of .55, man o man thats what I call a very early CHRISTMAS present as the Share price rise over the last two days did not have much influence on that price.
Sometimes there is a free lunch.

[Minerbarejet]

I'm not very good at interpreting these rights issue documents. Is it correct for me to assume I will be able to get at least 2 shares @55c per share for every 15 I own? My main question is though, how does it work in terms of getting more than my full entitlement?

Cheers in advance.
Buy more rights on the market which will open

[777]

If the rights price is too close to the current share price then it defeats the purpose of raising capital. A discount is required to ensure that the company gets what it wants. This discount is large but will achieve what they want.

Also when you buy the rights on the market you will have to pay the broker the 55c as well as the cost of the right and they will forward that on to PEB.

[CJ]

Buy more rights on the market which will openBut those rights will cost you so if the post rights price is $1.55 (chosen for easy maths) I assume the cost of the rights will be $1.

[clip]

Buy more rights on the market which will open

How would one buy the rights on the market as opposed to shares, will they show up as PEB.Rights or something? (i'm using asb securities if that helps)
or are you suggesting to buy more shares in advance, so that therefore entitles you to more rights?

[CJ]

So you can sell the rights allocated to you, take them up or do nothing. If you do nothing (which would be dump) existing holds can apply for more than their allocation?

It is this last, improbable situation where there is an upside. Have I got that right?

[CJ]

So my question really is, how does the Oversupbscription Facility work??My understanding is that it requires some dump a$$ to do nothing - ie. not take up their rights and not sell them on market.

[Balance]

Yeah I get you can do that, but as per the "Simplified Disclosure Prospectus" on pg 6:

"Eligible shareholders who accept their Entitlement in Full may also apply for an additional number of New Shares in excess of their Entitlement up to the Maximum Oversubscription at the same application price through the Oversubscription Facility"

So my question really is, how does the Oversupbscription Facility work??

Basically, any rights not taken up by any shareholders (usually between 3% to 5% for heavily discounted issue) will first be allocated to those who apply for more shares. You will be amazed how many shareholders chuck away their mail, forget, send in too late etc etc.

If there are still any left over, then the company tenders out the rights/shares to the highest bidders.

[777]

Arithmetic for the rights for those unfamiliar with the process.

If shares are trading at 1.50 on last day of cum rights then 15 *1.50 =22.50.
Next day ex rights, the 2*.55c has to be added which gives 23.60.
You now have 17 shares worth 23.60 or 1.388 per head share.
Rights value then is .838c.

Therefore theoretically you will pay .838 +.55 if you buy extra rights on the market. This is the same as buying the head share at the new price. In practice however there may be a difference depending on whether more or less holders sell their rights. As they are reasonably cheap then I think most holders will take up their own so the rights value will go up and down in unison with the head share.

[Nigel]

$10mil+ turnover today. I think that's a record.

[Balance]

OK thanks guys. And does the oversubcription (if any folks dont take up some of their entitlement) usually get scaled equally amongst shareholders who apply for more than their entitlement or does everyone get a fixed amount?

Directors reserve the right to allocate as they see fit but usually pro-rata.

[Joshuatree]

The oversubscription means you can apply for rights which for whatever reason other shareholders dont sell or take up.

[Balance]

Watch the panic merchants scrambling back into the stock, having sold out at as low as $1.18 on the rights announcement.

Selling is drying up at between $1.30 to $1.35.

[pierre]

I'm not very good at interpreting these rights issue documents. Is it correct for me to assume I will be able to get at least 2 shares @55c per share for every 15 I own? My main question is though, how does it work in terms of getting more than my full entitlement?

Cheers in advance.

According to the presentation from PEB on the NZX website:

"Any shareholder who takes up his or her full entitlement may also apply for additional shares up to a maximum of 100% of their entitlement. A waiver application to enable eligible shareholders to make applications in excess of their pro rata entitlement in accordance with the Oversubscription Facility and Shortfall Bookbuild has been made to and approved by NZX."

In addition, an opportunity to purchase rights to the new shares will be available when trading starts on 5 November.

[ddrone]

Will we close below open?

[Xerof]

If the shareprice closes at $1.50 (worth $22,500) on the day before it trades ex-rights, the TERP will be ~$1.39

so, if you own 15,000 now, take up your 2,000 rights, your 17,000 shares will be worth $23,630 in theory, which is another way of saying $22,500 plus cost to buy new shares of $1,100

no free lunch, but who's to say where the market will move the price to, when it goes EX?

if you dont take up your rights, you are shares are immediately worth less, by the theoretical price drop of 11 cents per share

you can compensate for this by selling your Rights, which should have a market value of close to 85 cents, but could trade higher or lower depending on where the market sees the future price going

hope this helps

And why did I buy more at $1.25?...........the market was trading around $1.50 when the announcement came out. For it to trade down to 1.18 when dilution is only 11 cents was ridiculous......that was a free lunch, which is only now closing the gap

[craic]

Bought in for the first time today and shot up nearly $600 only to have it drop to put me $600 down on the purchase price - all within four hours. Never mind, good old Telecom where I had a sell order in at 233cps went from 228 this morning to 233.5 and my 35000 sold so I am now back on the buy list with a profit for the day. It's a hard life on the market - might take up gardening when it stops raining.

[Nigel]

Will we close below open?
Currently trending up, depth thinning on the sell side, I'll predict a late run like we had yesterday to finsih above the close.

[777]

If the shareprice closes at $1.50 (worth $22,500) on the day before it trades ex-rights, the TERP will be ~$1.39

so, if you own 15,000 now, take up your 2,000 rights, your 17,000 shares will be worth $23,630 in theory, which is another way of saying $22,500 plus cost to buy new shares of $1,100

no free lunch, but who's to say where the market will move the price to, when it goes EX?

if you dont take up your rights, you are shares are immediately worth less, by the theoretical price drop of 11 cents per share

you can compensate for this by selling your Rights, which should have a market value of close to 11 cents, but could trade higher or lower depending on where the market sees the future price going

hope this helps

And why did I buy more at $1.25?...........the market was trading around $1.50 when the announcement came out. For it to trade down to 1.18 when dilution is only 11 cents was ridiculous......that was a free lunch, which is only now closing the gap


I don't agree with your 11c xerof. See my figures in post 3469. Your loss on head share is 11c but the rights are .84.

[Xerof]

Oops, oh yeah, not 1:1, but 2:15

and sorry mate didn't see your earlier post, too much to get through today

[Nigel]

The shareprice fell 20% on news of the rights issue. Granted, it's clawed a lot of that back, but can we now assume that the dilution is now priced in and we won't see a drop ex-rights? Opinions?

[CJ]

The shareprice fell 20% on news of the rights issue. Granted, it's clawed a lot of that back, but can we now assume that the dilution is now priced in and we won't see a drop ex-rights? Opinions?I dont think we will see that till the record date, which is early November.

[pierre]

I wouldn't assume anything with PEB. Until the market has a very clear understanding of the implications of the offer I think the price volatility is highly likely to continue.

[ddrone]

Looks like we have a close below open, will be interesting to see what happens tomorrow. Euphoria fading?

[Wolf]

Dam it partially completed buy order at 1.35c only got halve :/.

[ddrone]

You can put one in now for pre-close, currently 1.34

[zymwh]

It does not matter. Its just 10c to 140c for example. Only those profit on one or two cents care about it

[MAC]

Seems there’s never a dull moment with PEB.

Back during the AGM, David Darling, when answering a question in relation to the timing of the pipeline products, suggested that cxbladder had to be the priority and that this was where all available cashflow would go. The implication was that the proposed ramp up to a long term figure of nineteen cxbladder sales staff in the US would be funded progressively from forward sales revenue as available cashflow would permit.

This capital raising changes that strategy and we should now expect a faster ramp up in the US, …, does it bring the USD100 in gross margins forward, …, one would expect so, that is its purpose.

But, what it also does, is free up cashflow from forward sales revenues to fund Cxbladder expansion into Asia and possibly also, potentially, for progress with cxcolorectal which is presently on hold but market ready right now.

This is huge for the ramp up of the business, just a humble $20M in cash has the potential to kick this company along way faster than present expectations.

Going to have to brood on the FA for a few days and digest what it all means to the valuation.

4939

[CJ]

Seems there’s never a dull moment with PEB.

Back during the AGM, David Darling, when answering a question in relation to the timing of the pipeline products, suggested that cxbladder had to be the priority and that this was where all available cashflow would go. The implication was that the proposed ramp up to a long term figure of nineteen cxbladder sales staff in the US would be funded progressively from forward sales revenue as available cashflow would permit.Darling ws previously saying profitability in 2014. These new funds are almost Xero'esque in that they are now saying they dont know when they will be profitable but the $100m in revenue in 5 years might be met sooner - faster growth at a higher cost.

[ddrone]

I don't know if I'm reading too much into this but there doesn't seem to the same kind of buyer desperation as yesterday - highest bid at close 160 for a meagre 5,400 shares. My gut tells me the market is settling at this level.

[CJ]

I don't know if I'm reading too much into this but there doesn't seem to the same kind of buyer desperation as yesterday - highest bid at close 160 for a meagre 5,400 shares. My gut tells me the market is settling at this level.Turn over was very high today. Will be interesting to see what happens tomorrow once everyone has digested the rights issue fully - there was no reason for the huge drop as it doesn't dilute unless you cant afford the rights.

[MAC]

Darling ws previously saying profitability in 2014. These new funds are almost Xero'esque in that they are now saying they dont know when they will be profitable but the $100m in revenue in 5 years might be met sooner - faster growth at a higher cost.

I need to run some numbers but my initial feel is that it brings cxbladder progress forward by around a year maybe two. They had $10M in cash on hand and intended to break even at FY14, and then grow sales staff with forward earnings. This $20M cash injection is equivalent to around 2.5 years forward earnings or thereabouts.

[Nigel]

I don't know if I'm reading too much into this but there doesn't seem to the same kind of buyer desperation as yesterday - highest bid at close 160 for a meagre 5,400 shares. My gut tells me the market is settling at this level.

Close at 1.37, with reasonable support at 1.35/1.36/1.37, not much on offer at this stage.... I think there's still life in it yet. And all of this talk is very short-term - there's general confidence that in the coming months and years the shareprice will be much much higher.

[robbo24]

Looks like a bit of resistance at 1.40 and 1.60...The high being 1.75.

Daily MACD looks ok but intraday it looks a little less convincing - a lot like it did before the second news break yesterday.

Perhaps some entry points in the coming days? The people who bought in at 1.65-1.75 won't be keen on that given they're already out 20%.

Will be see a little bit of a drop off? Or will the theoretical inclusion of the stock to the NZX50 add to the demand side?