PEB - Pacific Edge Ltd

[tosspot]

moosie when you file your ir3 form do you simply just not mention the capital gains made in the tax year.

[Dej]

Moosie, aren't you glad I bought all this up?

[Minerbarejet]

So how is PEB doing after all that. Have reconstituted a thread on tax if any of you are interested - saves moosie starting one. Questions for traders.
Happy Days

[Balance]

Yes, just like Milford on DIL, selling down due to overexposure and taking gains off the table. Have to make up for the huge losses on RAK at some point I guess!

Good on Harbour - they got those shares at the placement and rights issue back in Sep 2011 at 19c. So been a nice 250% plus return for them.

Meanwhile, they are supplying stock to the market for those who are now embracing the story. Imagine if all shareholders just hang on to their stock - there would have been no entry points for those who got in at 25c, 35c, 45c etc!

Harbour certainly has taken a bath on Rakon. Probably why they are being prudent now with PEB.

Market seems happy that it's Harbour selling down - reasonable number of shares bought after SSH announcement at 1.34pm - half of today's turnover. Good sign buyers are seeing this as buying opportunity and not backing off from buying?

[bonne vie]

It is the intent of sale.

Did you intend to sell for a profit, or are there are other valid reasons not for capital gains. EG, did you sell because you were nervous about the economic environment or did you need the money to renovate your house or pay some school fees or another reason other than "I was taking profits".


This is why I like to deal with a broker, by email. I can clearly document my reasons for selling a holding so if the tax man cometh, I can refer to my correspondence that says "I want to take the clan to Fiji with the money"

Hi Sparky, I thought courtesy to let you know I have commented on your above post on the "some questions for traders forum" posts 104 & 107.

[tosspot]

so does anyone know the date of the big decision, surely they must have a honed in time frame by now as opposed to late march.

[Balance]

so does anyone know the date of the big decision, surely they must have a honed in time frame by now as opposed to late march.

http://www.odt.co.nz/news/business/2...-all-time-high

Have a read of above.

[Balance]

Buyers thin on the ground. Might see some profit taking as people realise the date isn't as close as they thought. 20-30% gains in SP in quick succession are almost always followed by slight corrections/consolidation when no news is reported. Might be the last chance for those not already on to jump onboard the Cha-Cha-Chatanooga Choo Choo!

Institutional buyers now know there's stock available if they want stock .... so they are paying up and getting decent volumes.

Only one big seller out there - just like Diligent when it was in the 50 cents to $1 range.

[lastmoa]

Anyone want to hazard a guess about the percentage chance of PEB getting approval?

I give it a 90% probability, only because there is a possibility that a resubmit could be required as what happened to QRX (ASX). BUt this is just formality and IF this was to happen to PEB it just creates a great buying (topping) up opportunity to get shares from the nervous nellies.
But like Sparky said, they wouldn't build a $10mill+ lab if they weren't pretty confident nor would high-calibre US staff come on board.
Either way I see positives. Don't want to compare this to a Xero just yet, leave that to Diligent to show. 8-)

[Minerbarejet]

Thanks. Anyone want to predict what the SP is going to do? Someone predicted $1.20 by halfyear.

All the holders want to have a little get together if approval is granted and SP does an XRO? Could be PEB themed; doctors, nurses, a smart CEO etc. Could buy up blood test kits the police use for alcohol readings and give a prize to the the highest score!

bring some of that wine and steaks you keep giving the brokers