Promisia Integrative Limited (PIL)

[artemis]

What do investors think of this retirement entry.
Is it worth a punt.

It's a risk, but the retirement sector has done well over the past few years. Pity about Medsafe and Arthrem - not that long ago that a Chinese doctor won the Nobel Prize for work relating to the same product for malaria. Which is where Arthrem started out.

[Lola]

It's a risk, but the retirement sector has done well over the past few years. Pity about Medsafe and Arthrem - not that long ago that a Chinese doctor won the Nobel Prize for work relating to the same product for malaria. Which is where Arthrem started out.

And none other than the President of Madagascar is making a swig of Artemisia compulsory for all local school children.
Swoon.

[mudd]

When can we expect PIL to resume trading?

[Sideshow Bob]

From Business Desk:

BRIAN GAYNOR: Promisia– offering another potential bonanza for investors?

Tomorrow, Promisia Integrative shareholders will be asked toapprove the back-door listing of three aged care facilities, two in Feildingand one in Dannevirke, and the long-term lease of a Christchurch property for$31.4 million.
This is yet another dramatic twist in the company’s colourfulhistory which has included former Deputy Prime Minister Brian Talboys, currentNational Party MP Judith Collins, Fay Richwhite, Jihong Lu, a proposed deal withRichard Yan and Richina Pacific, and insider trading activities by a recentchairman.
Read the full story at BusinessDesk — subscribe now
Read on »

[kiora]

"Richard Yan and Richina Pacific"
No thanks.Wouldn't bother reading any further

[Snow Leopard]

Completion of Acquisition "and now operates in the New Zealand aged care sector"

So as respectable as ARV, OCA, RYM & SUM.

Should soak up all that MET cash that everybody has been going on about easily.

Disc: don't hold

[FTG]

https://www.nzx.com/announcements/365051

Looks like a positive step. An interesting comment from CDHB re strong demand for beds.

Release mentions option to buy this property for $11m. I wonder how long ago that price agreement was struck...can't find much intel on this though? If struck a while ago potentially will have appreciated quite nicely over the last we while with the current property boom.

Penny dreadful stock at 0.2/0.3 cents though - gosh!

[Snow Leopard]

Accounts to 30-Oct-2020 suggest a NTA of 0.0635 cents per share, so even at 0.1c they appear to be no bargain.

They really need to do a minimum 1000 to 1 consolidation

[FTG]

Accounts to 30-Oct-2020 suggest a NTA of 0.0635 cents per share, so even at 0.1c they appear to be no bargain.

They really need to do a minimum 1000 to 1 consolidation

Agree SL. A consolidation would certainly help get things out of the penny dreadful category. Premium to NTA is not uncharacteristic for this this sector however.

In this case, with what appears to be quite a large % of the business property assets being either developed or becoming occupied (Ch-Ch site), one would think all things being equal there should be a nice increase to NTA at some point?

[DDog]

MSL pick for 2021

Any thoughts?