Can't even be super excited about transformational stuff now can they Balance ....not even a hint of excitment or else the powers to be will be upset.
Going to be boring anouncment now
Strike one but strike two and you are out of the NZX
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Be fascinating if the NZX and FMA actually do their job and proactively investigate why the sp moved 28% on no news?
As in who were buying, why they were buying and what were they trying to achieve?
Could not possibly the underwriters. Too freaking obvious!
Ramp 'em up, suck 'em in and fill 'em up!
It seems the share price going up and having a few solid days (on solid volume as well) has got Balance all excited, with numerous implications of insider trading (or something illegal anyway)
Could just be that Mr Market is doing another DCF and thinking "hey, if they do break even and do what they said in their recent capital raise presentation, then 30 something cents is real dam cheap"
A "boring" announcement could simply be them reaffirming what they said in their cap raising presentation... remember that not price sensitive info released late feb 2016... that sent the share price from 40c on the 22nd of Feb to 66c just over a month later - makes the rise the past few days look potentially average, if anything, and that it could well continue its rise on the basis of "not price sensitive" information, such as results wednesday.
So them "complying" with various regulations could be them getting down to business (like the gaining of access to Veterans Administration in USA... just another tick in the box really)
But no... instead of that thinking Balance seems to be caught up in the "it must be insider trading" way of thinking (because how can PEB's share price rise from 5 year lows all of a sudden?)
Certainly interesting times... and, dare I say it, transformational times
Only $160k traded today...
Quick-fire recoveries after a spout of bad news and down weeks has been PEB for the past 2 years... the only reason I got in.
I got out today as I see bad news continuing...
Then again, if anyone truly believes in the law of averages, surely it is time for PEB to deliver.
So how far do you think it will go when there is some news?
Like KP
Like CMS
These have both been expected endlessly for what seems like a decade or two.
I suspect a leak in the KP or CMS pipeline, if PEB, as they state in their answer to the Speeding Ticket, are fully in compliance.
Either that or the market has got wind of something out of left field.
I think you can pretty well take it as a given that PEB will be announcing any and every thing they can at this point
And anyway this week sees the announcement of Facts regarding six months of operations, as required.
How the heck do you reconcile an assumed lack of information on one hand with "ramp 'em up " on the other. :confused:
and Winner did you get that cffoee out of yuor kebroyad?
Yuor kyes seem to be scutk.:)
Profit taking today?