PEB - Pacific Edge Ltd

**BFG** · 10-02-2015, 12:47 PM

Originally Posted by Xerof

Gee moosie, you're easily swayed. Last week you were about to buy PEB. I think you are a hare, a hound, but definitely not a moose

I did some homework (shock horror!) and found information that made me swing very rapidly to the NO camp.

If you look back a bit you can see what it was that swayed me.

**psychic** · 10-02-2015, 01:33 PM

Originally Posted by BFG

Thanks for that.

Not for the reply, but my count on head-in-sand individuals on this forum.

A good indicator, just like the post/view count indicator

I'm sorry if I've missed something that you may have posted that was worth reading. What was it?

**Balance** · 10-02-2015, 02:33 PM

Originally Posted by BFG

Thanks for that.

Not for the reply, but my count on head-in-sand individuals on this forum.

A good indicator, just like the post/view count indicator

Haha - you should know by now, BFG that you can warn of a freight train with warning red lights and they will still see it as the light at the end of the tunnel - finally!

**BFG** · 10-02-2015, 03:14 PM

Originally Posted by Balance

Haha - you should know by now, BFG that you can warn of a freight train with warning red lights and they will still see it as the light at the end of the tunnel - finally!

You can lead an ostrich to water...

**Balance** · 10-02-2015, 03:21 PM

Originally Posted by Dentie

Don't forget they have funded everything mainly on equity to date - so having no debt I think is a credit (no pun intended) to them. I don't believe it is good policy to rely entirely on equity so as they crank things up, maybe they will look at some debt "just to balance the balance sheet" (again, no pun intended!!).

The debt may only happen if their trading cash is insufficient to cover operations. I will not be surprised though if they start making surplus cash not too far down the track.

That all said, if another CR is preferred - I'll listen! to their reasoning.

Realistically no banks will lend money to PEB until such time as it is profitable and shows sustainable profit and cash flow.

So there's no credit in PEB having no debt - in fact, it will be to PEB's credit if it had been able to obtain debt - huge vote of confidence from the banks!

As i have mentioned, in many years of looking at many many balance sheets, I cannot recall seeing trade receivables higher than sales revenue!

No wonder the results presentation had this memorable line : "Utilisation of $0.6m of cash in 1H15, including funding received from short term deposits"

**winner69** · 10-02-2015, 03:29 PM

The $66m of equity shareholders have put in worth $240m on the market

That's a pretty decent return over the years

PEB are doing well

**Balance** · 10-02-2015, 03:33 PM

Originally Posted by winner69

The $66m of equity shareholders have put in worth $240m on the market

That's a pretty decent return over the years

PEB are doing well

W69, that's what they said about Rakon and Plus SMS, remember - $1 in at IPO was worth $4 at one stage in Rakon, and $1 in Plus SMS was worth $2000 at one stage.

Profits and returns have to be booked before any shareholder can say he/she has done well.

Masfen, Huljich and a few others had been selling so they have done well.

**winner69** · 10-02-2015, 03:35 PM

Originally Posted by Balance

W69, that's what they said about Rakon and Plus SMS, remember?

Not allowed to engine Rakon on this thread so no comment on them

**winner69** · 10-02-2015, 03:37 PM

Originally Posted by Balance

W69, that's what they said about Rakon and Plus SMS, remember?

Profits and returns have to be booked before any shareholder can say he/she has done well.

Masfen, Huljich and a few others had been selling so they have done well.

Good of you not to mention the chairman