Thanks for posting that Mr Watchdog. Greatly appreciated
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Thanks for posting that Mr Watchdog. Greatly appreciated
Saw this article today. Nothing we didn't know, more a PR article in the public arena.
https://www.odt.co.nz/features/spons...gospel-john-01
Think it was this article you were after Merc ...
https://www.odt.co.nz/business/pacif...1-reduces-loss
Oops. How did that happen? Opened it in Google, sent it to Chrome and copied and pasted the link. Very odd.
Market seems not all that impressed with PEB's result based on the 4% SP drop since announced. Kinda odd really, it was not a "look at all the pots of gold we have" result but did anyone expect that? To me it was all about moving in the right direction which they have been along with a plausible future forecast of further growth.
The PEB SP only moves up when there's a good news announcement.
The FY report was far from bad news but it wasn't good enough to move the price upward - hence the mild wobble over the past two days. Astute investors will be taking this opportunity to buy in or top up.
PEB has crept up to 23% of my portfolio so I'm sitting on my current holding and waiting for the wave of good news that will come over the next 6-12 months.
Nice article in the Herald. Paywalled. https://www.nzherald.co.nz/business/...RGOLAGQNHDTAU/
Does the end justify the means? I see this as one of the great problems. Board and management need to be positive to attract investment to sustain a business until it gets traction and is profitable. If they do not succeed they are crooks who have been bleeding shareholders dry to pay the salaries and directors fees. If they are successful all is good. If Darling had said 10 years ago this will take at least 10 years and maybe more to show positive results and is going to be very tricky nobody would have invested.
You under-estimate the capacity of seed investors & capital markets to support companies with great ideas & products.
But all credit to DD for his perseverance & ability to spin his way to get to where PEB is today.
As W69 pointed out in a previous post, that is unquestionably his greatest strength. So probably the right time for him to move on to another position which could use his greatest strength - fund raising & spinning.
Personally, I admire & respect what companies like Serko & Xero do - set out their plans, strategies & execute with 100% commitment of time & $$$$ by directors & management.