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02-05-2019, 11:07 AM
#16841
Originally Posted by Balance
Nope - if they did, DD & PEB would have been shouting about it from the top of Mt Cook!
Must be time for an update on how they are tracking on achieving this third leg. You'de think there would be some kind of time frame attached.
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02-05-2019, 11:21 AM
#16842
Originally Posted by minimoke
Must be time for an update on how they are tracking on achieving this third leg. You'de think there would be some kind of time frame attached.
PEB has a different definition of time & time frame - that's pretty obvious by now?
Examples :
"Several tens of thousands of tests" in 2014. Took 2018 for them to achieve.
$100m revenues by 2019. Reset to 2039?
And so on and so forth.
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02-05-2019, 12:09 PM
#16843
Originally Posted by Balance
And if PEB does not deliver on this : https://www.nzx.com/announcements/325254 by the time it reports its results in May, I think it is likely that even the most ardent & committed of the sucker instos will bail out too.
"The rate, set by the Medicare Advisory Panel on Clinical Diagnostic Laboratory Tests, will be open for public comment until 22 October 2018 and will be published in the Clinical Laboratory Fee Schedule in November 2018 and effective from 1 January 2019."
That announcement was of course made in October 2018 - just in time to get the instos to pump in more $$$ in Dec 2018 - but it's now 6 months with no update. With PEB, we know what that usually means!
Hmmm.... You sure about the fact that this has not been delieved on.... ?
This is from their Interim Report from 19 December...:
"Completion of two of the three milestones required for US reimbursement, being receipt of product codes and notification of a national price (US$760 per test)." (My highlight)....
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02-05-2019, 02:06 PM
#16844
Originally Posted by minimoke
Must be time for an update on how they are tracking on achieving this third leg. You'de think there would be some kind of time frame attached.
Annual results are announced towards the end of May and usually there's some kind of announcement a week or so earlier just to whet everyone's appetite and to give Balance another bone to chew on.
Let's wait till then - after all we've been waiting a bloody long time for some positive news of real significance.
Meantime we can enjoy more tedious repetitive updates from our resident expert on share prices.
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02-05-2019, 02:11 PM
#16845
Originally Posted by pierre
Meantime we can enjoy more tedious repetitive updates from our resident expert on share prices.
And who has saved many from the same fate suffered by you and the sucker instos.
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02-05-2019, 02:36 PM
#16846
Originally Posted by Balance
And who has saved many from the same fate suffered by you and the sucker instos.
You have. But that is despite the vitriolic and marginally abusive tone of many of your posts rather than because of it. Referring to "Sucker instos" (for example) is neither respectful nor informative, and doesn't encourage other people to engage with you about the issues.
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02-05-2019, 02:49 PM
#16847
Originally Posted by davflaws
You have. But that is despite the vitriolic and marginally abusive tone of many of your posts rather than because of it. Referring to "Sucker instos" (for example) is neither respectful nor informative, and doesn't encourage other people to engage with you about the issues.
Fair enough but how else would you describe institutions ignoring the numerous red flags hoisted by PEB and pumping in ever more money (other people's monies) at ever decreasing share prices? Is 'sucker' an apt description and hence, informative to those who may be inclined to think that institutions are superior investors vs them?
And do please note that I did not refer to anyone on this forum as 'suckers' etc - only the institutions who are supposed to do comprehensive research, have better access to superior information and cewrtainly, superior access to the company and management.
And yes, I have very little respect for the institutions who has showed that they have not exacted accountability from PEB, and DD in particular for the numerous missed deadlines, and the infamous non-sales saga.
Last edited by Balance; 02-05-2019 at 02:52 PM.
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02-05-2019, 02:58 PM
#16848
Originally Posted by davflaws
You have. But that is despite the vitriolic and marginally abusive tone of many of your posts rather than because of it. Referring to "Sucker instos" (for example) is neither respectful nor informative, and doesn't encourage other people to engage with you about the issues.
I think Balance is being very generous - I'd be calling any Insto that backed a company with this kind of performance a lot worse. They would be negligently responsible for destroying the wealth of depositors in their funds.
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02-05-2019, 03:04 PM
#16849
Originally Posted by davflaws
You have. But that is despite the vitriolic and marginally abusive tone of many of your posts rather than because of it. Referring to "Sucker instos" (for example) is neither respectful nor informative, and doesn't encourage other people to engage with you about the issues.
The insto's are using other peoples money, money that you and I entrust to them. They themselves have no skin in the game.
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03-05-2019, 09:02 AM
#16850
Originally Posted by blackcap
The insto's are using other peoples money, money that you and I entrust to them. They themselves have no skin in the game.
Exactly.
Some do try very hard, it must be said, to outperform based on their fee structure but most draw fees irrespective of how they perform.
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