Originally Posted by
pierre
I posted this comment late this afternoon on the Stocktalk site:
As I understand it, Friday 26 July is the final date for news of the Novitas decision. We will probably have to wait till Monday 29 for an announcement from PEB though, with the US running the best part of a day behind us.
I think that a negative outcome is highly likely and is largely factored into the current SP. However, there might be some good buying opportunities for the patient investor if the market overreacts, as it usually does, to bad news.
Conversely, it will be fascinating to see how far the SP might rise, if we get a better than anticipated result.
Fingers crossed and GLTAH. Interesting days ahead!