Are you averaging down on this one Coutts? (not making a judgement either way-just curious)
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Its kinda hard to downplay this one TJ--for 2 good reasons-From what I read it was by far the worst performer (not just one of)---It broke that iron clad resistance of .60--getting into the .50s is a psychological hit(I think most would agree)
the second is that for success there has to be a management team that is on the ball to not only create opportunities ,but make sure they eventuate ---This was put into question at the AGM--so while maybe not much has changed ''on the ground'' many are doubting just how effective things are going there--ie. why is it taking so long? Are we just being impatient or is all not well?
To be frank, unlike Franko, you do present some goodpoints skid
To go below the 0.60 barrier was a physiological hit I’lladmit that, but if the way things pan out we could be back into the 60’s againby the end of today so I am far from worried about a couple of hours/days ofvolatility (like most long term holders who also shouldn’t be worried)
I personally won’t be judging managements abilities 365days a year, around a couple of nervous hours at the AGM (where they might haveeven been sick), but I can understand those short term investors who would have/willdo.
I can see why it is easy for doubts to arise, but Ibelieve these should be put to bed for another 2-3 years (as only then we canreally see if they have delivered or not, a year or so is simply not longenough to “come out swinging” at management (in my view)
DD said at the AGM that they had just recently submitted their dossier to the VA, so I would assume sometime in July.
I've been doing some research and found this web page about the solicitation package provided to potential suppliers to the VA:
Schedule 65 VII In Vitro Diagnostics, Reagents, Test Kits, & Test Sets overview page
If you go to the above page then click on the link to the actual schedule you get taken to the page below, where you can download all the sections of the schedule as Word documents:
65--65VII InVitro Diagnostics, Reagents, Test Kits & Test Sets Solicitation Refreshment M5-Q52A-04-R5
Of relevance to your question Miner:
On page 7 of the Read Me First document from the 65VII (R5) schedule it states:
"In general, proposals will be reviewed and, if applicable, awarded within six (6) months from the time they are assigned to a Contract Specialist."
Also:
"The offer process time can vary depending on:
- The timeliness of your responses to requests for clarification or additional information
- The quality and completeness of the proposal and subsequent clarification responses
- Complexity of the proposal
- Number of line items offered
- Quality assurance reviews"
So, assuming their proposal has been assigned to a contract specialist already, and all going well, it is possible they could get approval from the VA by the end of this year.
I think it more likely to be first quarter of next year though.
Rather than a psychological hit, long-term investors who still believe in the company might well view this as a great opportunity to buy more! :t_up:
Personally I'm still somewhat cautious and I don't have the funds to buy more at this time any way. I am content to stay with my current holding for now. I'm waiting to see how things go until the end of 2016. It appears that 2016 will be the year of big announcements or big disappointments.
P.S. Don't feed the trolls - just use the ignore posts function! :cool:.
Any investor reading through the thread will know who to thank for the timely postings which have saved them heaps.
Looks like the "panic sells" have gone through, and we'll be back in the 60's tomorrow, don't know why I am posting this (I suppose to reassure those who can't see more than 3 months into the future?), its a long term game after all with PEB...
No punishment with PEB..It's treated me very well..For a while people were skeptical of me posting TA charts after the event so for a year I posted charts of 3 companies when I bought and sold...This chart posted 14th November 2014 page 700 Post #10491 (yes there's been 3500 posts since then) was an updated version a few months later but it still clearly shows my 2x2 trades...dredging back further among the posting noise you would find my other postings ..Heres my 24th Sept 2014 Post #9968 saying I sold out that day for 88c
Sadly I can't say the same for Bio..It was a spec stock so I didn't use TA...in hindsight I wished I had...
More assumptions TJ?--Mac would be proud
You may be right,but the iron clad resistance has been broken--If it makes it out of the 50s it will be easier now to revisit---interesting days.... (maybe we will get back to the comfortable 60-63 pattern--if enough investors have short memories)