Do they have a PR department? I doubt it. This is probably the same outside PR firm that stuffed up the webcast of the AGM.
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Do they have a PR department? I doubt it. This is probably the same outside PR firm that stuffed up the webcast of the AGM.
The whole shambles has made my mind up that I am not even going to bother this week at least.
*Grabs another bag of popcorn and sits back to watch more of the same speculation/pumping with no basis while calling out "downrampers"*
BTW guys, Snapiti is back @ 7pm, and he CAN'T WAIT to get stuck back in :D :D :D :D :D :D
God I love thus site sometimes.
Isn't Friday going to be SO MUCH FUN?!?!
There is no pleasing some people I must say.
Yes, a bit sloppy on the PR side of things but look at the bigger picture here. Both announcements are positive and in the first one I noted "sales are tracking [to] expectations". I presume those "expectations" will be aligned to their $100m sales in the first 5 years of trading statement. At the very worst, the SP has climbed a whole 4c ....to 85c - which I think is still on the cheap side anyway. I possible could understand if the tears were due to a SP drop!!
Stop kicking this good NZ company at every opportunity and keep looking forward at what lays ahead. I am sure DD will be kicking somebody's butt over this mornings stuff up.
Hey, we still have the rest of the day and tomorrow for more announcements yet. Dont get ahead of yourself.
I imagine they've probably kicked themselves enough, almost feel sorry for him/her.
Set's the scene and intent for Cxbladder expansion into Europe though, whether the patient is on the shelf today or when it arrives in February.
There aren’t presently any revenue streams included in analyst valuations, perhaps a bit more information on timing and entry strategy is required first, but it may be something to watch for next year when more is known.
It is a lot of focus on the EU, I had anticipated that Asia would be the next expansion, but with both Cxbladder and Cxcolorectal patents across 38 countries, it may be that offers the proposition of another regional lab, longer term, funded from US revenues, a couple of years from now.
Your guess is as good as mine, but I'd suggest erring on the side of caution would be best and dismissing it altogether.
In hindsight it looks like a draft announcement that was thrown together with copies and pastes from all over the show and written by a bunny. It had certainly not been reviewed by anyone given the number and context of its errors. I think trying to draw any conclusions from it would be dangerous at best.
I hope PEB are more careful with their bladder cancer tests than with their NZX announcements. "You've got bladder cancer. Oh, hang on, no you don't. You're fine."
Bit of news on Exact Sciences and pricing for its Colon Cancer screening test...
http://www.marketwatch.com/story/exa...ent-2014-10-10
Medicare said it would reimburse the test for $502, exactly what the company was seeking, and a $152 more than what analysts on average was expecting, according to research firm Mizuho Securities.
Exact shares EXAS, +2.55% , up about 84% over the past 12 months, recently rose 34% in premarket trading Friday to $24.31.
Pity PEB dont seem to have a test under development for screening market announcements. Could probably do quite well.
Of course if they wanted to send me a copy a couple of days ahead I could go over it and check it out :)
lol - excellent concept Miner. Right now they'd probably buy that in a flash too...
Would suggest that Fridays effort will most probably be scrutinised thoroughly for any egg adherence points.
The sudden appearance of "Trading Halt" will no doubt elicit groans of despair from otherwise normal holders.
(Dont even think of it, Snap):)
OK guys --heres my 2 cents---go to the DB site and click on the ''news'' and get a list of announcements--when you look down you will see 2 announcements 2 days before the full year sales--SALT funds and Multiplan---------Got that --2 days before the last sales announcement.
Draw your own conclusions
Guys.....the tradeing days over --you can let that breath out now --your turning blue-------now go repaint the edge of your seat:):)
Err - has Snaps been ahh, grooming you at all Skid?
Seriously.
Any other announcements last year or so?
Yep--2 days later
Well the point I guess is they may well have intentionally made the patent come to a conclusion about now, I would say that they didn't try to do that and it was a coincidence.
I don't really care to speculate on that too much.
I am disappointed that I almost bought shares because I thought there was good news coming after a halt.
The halt announcement:
"NZX Regulation (“NZXR”) advises that it has placed a trading halt on Pacific Edge Limited ordinary shares (PEB)."
I took that to be a NZX initiated halt not a PEB one...
The NZX rules:
"NZX initiated Trading Halts
In some circumstances NZX may implement a trading halt at its own decision. This may occur when an issuer releases an announcement to NZX which is price sensitive. In such a case, it is NZX’s policy to implement a trading halt for a period of not greater than 15 minutes or in the case of securities of an Overseas Listed Issuer or a Dual Listed Issuer for a period of not greater than 10 minutes."
So I mistakenly thought it was something unrelated and therefore obviously a very good chance of being good.
Just a little disappointed is all I guess.
Thinking about it - my logic there didn't make much sense, oh well, I was rushed. I appreciated peoples' comments speculating on it being a correction.
when do they release the report, prior to market open or any time they see fit?
Anytime they see fit really, but they've stated prior to 10am:
"Pacific Edge advises that it intends to release its 2015 interim financial results for the six months ending 30 September 2014, on Friday 28 November 2014 prior to 10am."
https://www.nzx.com/companies/PEB/announcements/257934
Well, if DD thought that today's debacle was going to help camouflage disappointing news on Friday then I fear he is in for a rude shock.
Friday's announcement will be scrutinised in minute detail and heavily criticised for any spelling, grammar or syntax errors, together with ridicule for failing to deliver on sales, test numbers, lack of progress in signing up LUGS, employing too many ineffective salespeople and a multitude of other issues.
Of course, if the numbers look Ok, then we shall immediately recognise that today's cockup was due to the company and its personnel being far too busy to bother about getting their facts right in a silly old investor release to the market.
Yes well, perhaps it's an opportunity Kild to reflect and recall that trying to time the market sometimes works really well and sometimes it doesn't work really well, but the brokers and the tax man are the winners on the day. Just like a good night out at sky city, you might win or loose, but the house always wins.
Once a bubble stock always a bubble stock eh? Problem is the bubble has deflated and once that happens trader sentiment is almost impossible to get back within the short to medium term.
Back in the day a single buy for all those shares would have taken them out. Today it didn't even try to move above it.
Sentiment is gone. Act accordingly.
Snapiti is back in under an hour. Enjoy :)
Sales will tell the story -one way or the other--Whether your on the inside or outside ,its just a bet either way.
I dont know if today was ramping up or not by the company--It just seemed like a bit of a Deja vu from the rather unpleasant experience of last time.
Ya gotta admit though--those announcements were a real class act!
How is DD going to get a rude shock? And who is going to scrutinise the announcement for spelling, grammar and syntax errors? Who really cares?
What we're interested in is the hard facts of the announcement, but there won't be any consensus about whether "the numbers look ok". Some of us demand big numbers, others will be content with smaller ones and quite a few are really only interested in whether the company is making progress towards its strategic objectives. Traders and investors have very widely varying criteria.
I doubt if DD will be following comments on this thread with great anxiety, if at all. There ought to be an apology to shareholders from him on Friday for today's cockup and then it should be buried, but lessons drawn from it - not grammar and syntax, but how to manage external PR.
Friday we will find out whether the management can live up to what has been achieved by the scientists--I think there are many who dont recognize the difference between the two
Skid,Doo you mean first class or third class?
To be fair though-Snaps did post about how he was concerned about the ''rhetoric'' and was very wary BEFORE the actual sales announcement,so regardless what anyone thinks of him-he did call it that time(or at least was concerned)
Whether his view this time around (or mine, or any ones)is right, is anyone's guess.
(in terms of class of the announcements today--thats already been summed up pretty well)
There will still be some folks out there (not s.t. followers) who are not aware of the correct information regarding the patent. I just checked my ASB Sharetrading account and clicked the box next to PEB in my watch list, and the first announcement comes up re- CX-Blabber! I'm wondering if trades will be reversed due to the stuff-up?
You know the ASB guy on the TV3 news spent a full five minutes tonight telling us about the Cxbladder patent too, but when I reflected he was not incorrect, Pacific Edge have indeed told us the patent is coming, it’s just coming in February next year after all. By the time we all recover from xmas and a failed new year’s resolution or two it will be on the shelf next to the Cxcolorectal patent.
Re: second of three announcements today:
https://www.nzx.com/files/attachments/204523.pdf
Correction on Pacific Edge Limited Patent Issue
Pacific Edge Limited ("the Company") advises the market that it has incorrectly posted the NZX release for the issue of its bladder cancer patent in Europe.
The Company’s bladder cancer patent has not issued however the patent has successfully completed examination and the Company has been advised by the European Patent Office that the patent will issue by February 2015.
The Company wishes to inform the market that Pacific Edge’s colorectal cancer biomarker patent has issued in Europe. Details of this are provided in the Company's separate announcement.
End
Yep, good news is good news. Who knows it may be a tad easier to get sales traction in Liechtenstein, Turkey, Monaco, Iceland, Norway, the Republic of Macedonia,
San Marino, Albania and Serbia. Than the good ole' US of A.
Seriously though, it may very well do so for many of 38 European countries covered, particularly France, Germany, UK etc.
If they enter in one or two year’s time with a hoard of US generated cash to fund it, a healthy US market share as a representation of confidence, any number of further published studies by that time, and of course probably the full suite of four cxbladder products, it may well just pick up quite quickly.
Certainly there is intent to be read into the announcements, I don't think analysts will start to work up a valuation for a European launch until later next year though, would like to be proven wrong though.
Snapiti is currently putting together a good behaviour bond to get out of jail soon.
(He really just can't remember his password because he's getting so old) :D
ha ha ha....God, some of these comments crack me up at times.
It's like listening to young kids just prior to Xmas day.
If cash is not needed in a hurry, take a deep breath - relax and trust the big picture. It's not a short game with PEB.
If cash is needed in a hurry, you want to play the short game and don't trust the big picture...perhaps question oneself again why you're in PEB?
What will be will be.
Well at least yesterdays releases will stop all the grizzles about not being informed and updated.
Now we are three months ahead of the game.
Great news with colorectal patent and the cats out of the bag on cxbladder patent.
If they had released these a week after the Interim Result people would still be inferring that it was to take the focus away from what they perceive to be a poor effort.
First things first--Lets see if that hoard of US cash has started coming in--the scientists have certainly done their job--now its management and marketings job to show they can sell the product--if that falls into place then your scenario will be far more achievable.
Not long now
I think its the timing thats got a few wondering --do you think they have just found out about both of these events? (Its just so similar to last time ,that some could be excused for being a bit wary.
To answer your question Dentie--Some are carrying big losses and really dont want to lose more of that stuff that you use to buy your house -food -go out and work all day for --you know?--cant blame them for being a bit cautious.
Say what you like but PEB is fighting more downward momentum than upward so bad sales will take its toll if it rolls that way--Not easy to just chill when you have 1000s riding on a spec play(atm its still a spec) may be tickty boo--well see-
Meanwhile no need to check in tomorrow for the long termers(tui billboard)
Skid, as I've said before...why would you go into the stockmarket (per se) with cash you cannot afford to lose (let alone a spec stock)? Most especially, why would you go in using dosh which is needed to "buy your house -food". To me - that is crazy. There is plenty of history to learn from and plenty of posts that include "DYOR" etc. I can see why they are cautious - but sorry, no sympathy.
One thing I find hard to understand (generally) is, on a spec stock at least, why would sales be priced into a SP prematurely? Why wouldn't the SP on those stocks just reflect the current valuation? It is perception - which will always be different ... and it is this which generates the tears. Could that be termed as greed?
As for not being "easy to just chill when you have 1000s riding on a spec play" ... refer to my first sentence. For the record, although not including PEB, I too am sitting on "red figures" in other spec stocks .... but I'm not losing any sleep over it. They'll either come good in time, or I'll lose my dosh. Welcome to life.
Well said Dentie, I too have invested in the 10 s of thousands in these shares however I am do believe in the company long term and happy to hold and very much enjoy popping onto this forum to have a read and a chuckle or sometimes a tut tut when things get a bit heated ! Time will tell , that is according to my "crystal ball" . In the meantime everyone, enjoy the ride - the ups and the downs.....
http://www.nzherald.co.nz/business/n...ectid=11178639
"Swann is confident the company will be processing "several tens of thousands of tests" during 2014"
Yup, and I was told he never made that statement.
But it is a moot point. MAde or not made, the statement relates to number of tests, not tests sold.
But we've done this to death already right?
Yes Balance me old mate
Like it or not PEB head honchos have anchored all thinking about the future around 'several tens of thousands of tests during 2014' and achieving $100m of revenues in 5 years (start/end date keeps moving)
So progress ( and commentary) will always come back back to those anchors.
I still believe that 'successful commercialisation' in PEB terms does not mean making a profit ....aim to get it used and a source of funds for the next project. They are scientists after all.
The payday for punters, if there is one, will be when the science is bought by somebody else.
Been around too long to fall for that BS from a company - it is significant and material enough to seek a retraction or issue a statement from the company.
Especially when it led to a price spike and the Chairman sold into that spiked price.
Question of trust, integrity and transparency.
And I AM writing as a shareholder.
Let it go Balance.
We have no idea how many tests they may have put through under the User programmes etc
Let's hope you are right there and the directors also have that in mind.
I bought into 42Below on the same basis when they cracked 100,000 cases - the directors were very clear that when at that success level, someone would buy them.
A takeover happened within months.
Well... I think it's kinda stupid (that word is a bit harsh but can't think of a more relevant one) to say that he's confident they'll process several tens of thousands of tests during 2014, just like it was "stupid" again not quite the right word, that they caused a blunder yesterday due to the announcement. Nevertheless, he was CLEARLY (as some have mentioned but I think some fail to realise) referring to the quantity going through their labs rather than dollars getting invoiced. Now.. A large/huge/majority of these will be from the LUGs, so not paid for. But VERY important, why? As Mentioned in the report by Edison's - a big initial factor to determine/drive the success of cxbladder is to convert these non-paid tests into paid tests. In the report we will be able to at least estimate relatively accurately how many tests were sold. I don't know that we will find out how many tests were processed... but we should, as he made the comment about a number. I don't suppose anyone knows whether or not we will know the number of tests processed at any stage? I don't think it's something they have to report on, and if not they shouldn't be commenting on. But I like to think he got slapped for that anyway, and that there was some slapping yesterday too. As the share price rises, and the company gains profile etc... all of a sudden you go from a $10m cap startup coy to a hundreds of million dollar company - you gotta style things a little differently. You know what I'm saying?
Makes you wonder with yesterdays debacle.
Both announcements were listed as price sensitive.
The first, regarding CxBladder, was a stuff up and PEB said afterwards that February it WILL be patented. The CxColorectal announcement, the second one, was the correct one. So, if both were in the bag...
If it is price sensitive you are supposed to IMMEDIATELY release the information to the market.
If they didn't screw up yesterday how long were they going to wait to tell us then? How long had they been sitting on both announcements for? What else is sitting there that we don't know about?
I'm sorry, but people that can't see this as de ja vu of last terrible report and ANOTHER try at a cover up are pretty blind.
At the very least the NZXR/FMA should be asking some very thorny questions about was known and what wasn't at what time.
Sorry guys, but faith in this company, the little that was left, has been totally blown out of the water for me.
GL to all holders. You're going to need it.
Oh come now BFG , you have a pack of Winnie Blues riding on this. Disclose and be gone.
Well perhaps amongst all the noise the obvious merits may be being overlooked,
Two patents covering 38 European countries bodes pretty well as far as working toward establishing another very significant major market goes, and a market that is notably twice the size of the US too.
It’s not easy to get a patent in Europe, hardest place in the World, and they have achieved two such patents within just a few months, and for their two most prospective products no less.
I feel some anguish for whoever made the mistake at Pacific Edge yesterday but it in no way distracts one bit from the damned fine effort the good folk at Pacific Edge are doing.
Especially our fellow Kiwi’s in Dunedin, leading the world in this tech.
Well done PEB, superb effort.
Why the SP reflect valuation(a bit elusive wouldnt you say?--Are you talking about the $1.70 valuation or .85 valuation?)instead of sales----Ask Mr Market --He will tell you
Couldnt agree more with your 1st paragraph though(doesnt apply to me --Im on the sidelines at this point(I decided to be content just being in the black for now)
last paragraph--if you want to gamble--who am I to disagree?
The second and third questions are not for me to answer. You are an active shareholder though so I presume you have in fact had the necessary correspondence to find out for yourself. If not, I suggest you do. At the same time you could also make some recommendations to them about what you feel they did wrong and how they should have rectified the situation.
I would be surprised if you have not already done so though and hence you would already have the answer to Q1.
In terms of my comment above, I'm not saying that this is was not another complete balls up by PEB, but those that actively pursued clarification on the matter know the company has said this statement was never made. Hence my point, there is no point analysing the contents of a statement PEB denies was ever made - you will likely draw very inaccurate inference if you do!
My memory is not as short as some on this thread--I remember some of those posts you made just after the announcement, Hancock.
Lets hope it doesnt come down to that again.
You guys can talk about the unimportance of sales till the cows come home-but at this point in time--the Market will not tolerate another bad report.
Im not predicting thats what will happen--my point is that some are assuming that the market will agree with that view about the unimportance of sales ..............I dont think so
http://www.odt.co.nz/news/business/2...-edge-business
note paragraph 19
I can't believe an active shareholder such as yourself has not followed up on this.
Anyone who emailed the company for clarification on this matter received the same reply - "Thank you for your email. That is not a statement made by Chris Swann." If you don't believe me I urge you find out for yourself.
We are arguing different points Balance and I think you know it (so this will be my last post on the matter as the conversation is starting to get redundant).
The point I am making is that quoting a statement that PEB has stated wasn't made, and drawing conclusions from that statement, could easily lead to inaccurate inference, and is misleading to do so. You seem like a smart enough chap so I believe you actually agree with me on that point - however you will not admit to it.
I am however a rationale chap, and also not afraid to agree with you on some of your points. Yes, I believe they should have corrected that as soon as they realised an error had been made. And yes I think it is questionable that they sold shares during that time. None of that affects the point I am making though!
OK enough said on that matter - enjoy your day everyone and good luck with the announcement tomorrow!
Nope - I personally think Chris Swann MADE that comment.
And PEB has NOT stated that the comment was not made. Maybe to you but that's not to the public where the comment was printed.
If he is saying that he did not make that comment, it brings into question all the other comments he made in that article.
So did he say this? :*"He was less concerned about the molecular science being ''copied'' by competitors in the future - because Pacific Edge is always developing and updating it, which acted as ''buffer'' - than by the potential for a breakthrough elsewhere in technology."
Implications are scary!
One can easily add up all the tests from the clinical trials, studies, user programmes and mini user programmes performed this year and get quite an interesting number too. All a very good investment in the future of the company. But, we will probably all know better in May next year at FY reporting just how many were used for each of those good purposes. Some I guess may risk looking a tad foolish in retrospect, but each to their own reputation.
Balance, "The comment" you refer to was just one of many in that article (http://www.nzherald.co.nz/business/n...ectid=11178639) that any number of investors could have construed as being "positive" enough to want to invest into PEB. Remember the SP had already been into the $1.50's before declining (no doubt due to profit taking by short termers).
How can you base your tirade against DD & CS solely on that one comment? It appears your comments are being motivated more because DD & CS had the temerity to actually sell a portion of their holdings.....not because they were making positive comments about their business.
There were no rules saying they weren't allowed to sell their shares and there were plenty of opportunities for others who wanted to sell as well. In fact, the likes of Snapiti and the Moose (BFG) and no doubt others did just that. Since he sold, the Moose has done nothing but down ramped PEB and wished the rest of us good luck from the safety of the side lines. And you talk about honorable men.
"Let it go Michael"....
...and now I have read your latest comments....and if I wanted to listen to you...are you advising me to sell PEB. If not, am I to suffer the consequences?
I considered buying back when it hit the 60s again but the issues still stuck out to me. After tomorrow, PEB is officially off my watchlist. Me thinks I will never own any stock again. Ah well, plenty o' fish.
I'm not the only one standing on the sidelines that sold out and is shakibg their head at management on the sidelines btw. Soneone else much more respectable than I is much happier parking the $$$s elsewhere...