PEB - Pacific Edge Ltd

[Balance]

I understand that funds have gobbled up 75% plus of the placement, and individual investors the rest.

Don't know if i have got any yet.

Classy way of doing it - selling down all in one go at a realistic market price to clear the stock, rather than overhanging the market like a bad smell until it is cleared.

Question now is who bought.

[CJ]

Looks like it was the part of the Masfen holding - SSH a bit confusing given there is an old acquisition (rights issue) and this sale combined.

[CJ]

Classy way of doing it - selling down all in one go at a realistic market price to clear the stock, rather than overhanging the market like a bad smell until it is cleared.

Just an overhang from those that did manage to buy at a ~15% discount. THat will hold down the price for a while as they sell those at a nice gain.

[GR8DAY]

Just an overhang from those that did manage to buy at a ~15% discount. THat will hold down the price for a while as they sell those at a nice gain.

...........and what makes you think they will be selling them now CJ???

[GR8DAY]

.........GRAND OPPORTUNITY TO TOP UP SAYS GR8DAY!........this will NOT last for long.

[CJ]

...........and what makes you think they will be selling them now CJ???

Sparky missed out so assume it is the big instos that got them. They have performance reporting for the period to 31 March. They will take the profits in the hope of topping the table and therefore getting more funds under management next year as people chase winners. More FUM means more fees and more bonuses.

The full 10m may not be traded but I expect high turnover for the rest of the week and into next week.

If they had let Sparky double down and buy another mil, no doubt he would hold as he thinks long term, unlike fund managers who are rewarded short term.

[Balance]

I sure hope so Sparks! The interest at this price does indicate major support and a continuation of uptrend if people stopped profit taking! It's like DIL all over again, being capped around 74 due to those damn parcels being parted out by a big holder!

Out of one hand into others - that's how the market works (fortunately).

Still trading in 70c to 75c consolidation range.

I maintain my view and that PEB will 'pop' when it breaks out of this range.

[croesus]

Well, 500,000 odd have sold after the placement, agree with Balance...once it gets over 76c.. there will be a panic to not miss the boat, or the train. currently about 250,000 available then it hits 77c ( 73..57000 ....74c - 63000 75c ..50,000 76c... 73000 ... )

[robbo24]

PEB has a big 65 cent target on it's back right now.

Let's not forget it dropped down and was trading at 54 cents just over a month or two ago, and what great buying that was! 65 cents isn't all that bad in terms of the bigger picture of this company.

[JohnnyTheHorse]

Just topped up at 70 cents. I've been good at picking the bottom lately, so don't worry guys, it's all up from here .