Now watch the underwriters try and suck others into the 'hype'.
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PEB top of the leader board - +20% already
Great news.
Also encouraging to see a positive statement about revenue in the press release: "Laboratory through-put and revenue are tracking to the company’s expectations following an active direct sales and marketing program to clinicians and healthcare organisations."
The market will correct itself by the end of the day probably, so I won't be surprised if it drops near the 40c again. We won't see any major moves in the share price until the company starts making profit and reports the actual numbers of tests sold. They have certainly been waiting for the opportune time to list the numbers, to provide actual scale to investors, and so when the US numbers start hiking it should give them the confidence needed. I don't disagree with Balance at the moment that the actual numbers to date, although not known, are likely very underwhelming.
Damned if they do and damned if they don't ay Balance? Are you trying to tell us the Vets agreement is actually bad for PEB. If not, is it a surprise the SP has lifted? A healthy cynicism is a good thing when investing, but maybe there is a point when it becomes unhealthy.