Sell $50k worth and take up the SPP at $1.35 - $1800 gain is kinda nice for a festive Christmas dinner? Some bottles of champagne for the family?
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Fair comment. I bought enough to keep my holding from being diluted but that was it. SP may have gotten ahead of itself, as it does sometimes, so no big deal if there's a pull back. In the near term it sounds as though PEB is flagging that things might have stalled a bit due to Covid, but beyond that I fall into the camp that thinks PEB has huge potential if things go its way. Who dares wins.
Or I could buy $50k worth at $1.15? balance!
And buy an even bigger xmas prezzie
Cap raise playing with SP knocking it back a bit from where it was heading 1.59+ is an unfortunate side effect of raising so much capital as there will always be those quick profit takers out for a short term buck. Holders are the ones who genuinely can see the trajectory and path PEB is currently on. This hasn't changed with some play in the SP. The positioning of the company and what they will now be able to use this large amount of capital for will excel PEB to the next level. SP at only a buck 50 will be seen as cheap as chips soon enough when its growth really kicks off. The world will soon learn to live with Covid, medical advancements in other areas will regain focus and traction. More positive news will follow with PEB entering and becoming established in US and other new markets. The success is yet to really be seen and realised. Some traders will play their swings, selling down as they have been to try and rebuy as close to 1.35 as possible. Some of those who buy at 1.35-1.4 will only be looking for a quick 10% so might see some resistance around 1.45-1.5 for a while until these small profit gainers clear out the way. Then once that volume has sold out SP will push steadily higher with more and more good news and traction to follow. It's still early days. Seems to be a common occurrence with large cap raises. The extra $20M thrown in didn't help seeing the slide from 1.59 to where it is now. But again depends on if short sighted 8-10% profits are desired or much larger profits. Patience will play out a good fortune to those with a steady hand. This will likely be NZ's next success story company. It has taken a while to get to where they are now, but the train has left the station. When ASX kicks in within the next 6 months once the dust has settled with Cap Raise, and PEB hits headlines more in Australia, SP will be a fast train. So holders don't be disappointed if see SP dip as it has recently, and maybe even stagnate there for a while which is only logical. Once flippers clear out SP will rally strong soon enough to follow. All aboard :)
Spot on Maxtrade. The PEB ship will come in - not this year - but the treasure is on board for those willing to wait. A 10% gain on a quick trade (less tax of course) will look pathetic compared with what is yet to come.
The current wobbling of the SP doesn't look great but we've seen this kind of action many times before. Those trying to push the price down to score a lower entry into the SPP have left their run a bit late and it will be all over tomorrow. There's no sweat on my brow from the current SP action.
Patience Grasshopper!
The newsletter had a pinch of downbeat tone to it for the numbers this FY. Atleast we will be able to see the publication on Singapore trials in a few months.
Last day for getting your SPP applications in if you are interested in getting more shares.
Sp action this morning suggests ‘SPP’ application regret as applicants (having applied) bail out of equivalent existing stock to lock in whatever profit is left in the SPP price of $1.35?
Must admit I thought of doing the same on Monday but what the heck, hardly worth the effort now.