PEB - Pacific Edge Ltd

[Balance]

Forsyth Barr Update.

Thanks gwd!

I am no fan of Forbar research, especially after their bad calls with this stock during the 2013 to 2016 period when they could not have called this stock any worse than they did.

But with their 'renewed' coverage and $1.60 target price call, I will make the following observations:

1. Forbar is one of PEB's corporate brokers so market can expect more bullish reports to come out every time PEB releases new deals or information.

2. The research and target price 60% above current share price mean that its brokers will be pushing the stock - creating demand momentum.

3. Can expect some PEB stock to find their way into Forbar's huge multi-billion discretionary & non-discretionary share portfolios - serious $$$ there.

So expect the 1m shares sitting at $1.00 to disappear by Wednesday.

[tomm]

Name of issuer Pacific Edge LimitedNZX ticker code PEB
Class of financial product Ordinary shares
Date of issue/acquisition/redemption 11 December 2020

Number issued/acquired/redeemed A total of 87,122
ordinarysharesNominal value (if any)
Not applicableIssue/acquisition/redemption price per security $0.23 per share

[Minerbarejet]

Whats the problem?
They are just a few options exercised.

[Balance]

Whats the problem?
They are just a few options exercised.

Tomm is short PEB & long ATM?

[tomm]

Tomm is short PEB & long ATM?

Eh..Wrong. Just my opinion with facts.

[Balance]

Thanks gwd!

I am no fan of Forbar research, especially after their bad calls with this stock during the 2013 to 2016 period when they could not have called this stock any worse than they did.

But with their 'renewed' coverage and $1.60 target price call, I will make the following observations:

1. Forbar is one of PEB's corporate brokers so market can expect more bullish reports to come out every time PEB releases new deals or information.

2. The research and target price 60% above current share price mean that its brokers will be pushing the stock - creating demand momentum.

3. Can expect some PEB stock to find their way into Forbar's huge multi-billion discretionary & non-discretionary share portfolios - serious $$$ there.

So expect the 1m shares sitting at $1.00 to disappear by Wednesday.

And there she goes - as predicted at $1.02 close!

[McPussPuss]

I expected this to take a breather knocking on $1 but this momentum keeps bowling over resistances to my pleasant surprise, blue skies remain!

[calledone]

And there she goes - as predicted at $1.02 close!

Good one balance! Got more today at $1 though it increased my average to 58 cents.

[Balance]

Good one balance! Got more today at $1 though it increased my average to 58 cents.

Must admit I thought it would take a couple of days but the institutional holders are obviously not supplying stock.

So only one way to go - up.

Next stop - $1.10

[Minerbarejet]

Why stop?