Worth a peek at under 10 cents. Will put an order in for 40k shares. Not too much to lose. All tax deductible for me.
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With no external debt I can’t see PE fail in the next 4-5 years. The shareholder base has been very loyal and arguably the company is in a better position today than it was during COVID when it traded at 7 cents. Significant upside remains but it’s not without risk. If somehow they get coverage reinstated the SP is likely worth 50 cents (probably more). A takeover form a US business is also a real possibility with the low market cap and current exchange rate!
I see PEB Chair Gallagher has put some of his play money into an ownership group of the Highlanders
Seems to like being involved with losers ……shouldn’t say that because that’s cruel
This was Harbour back in Jan 2023 :
http://nzx-prod-s7fsd7f98s.s3-websit...498/387175.pdf
6.562m shares bought at average price of 70c
And in March 2022 :
http://nzx-prod-s7fsd7f98s.s3-websit...600/366381.pdf
14.585m shares bought @$1.35
:eek2::scared::eek2:
Everyone should weigh that sort of optimism against the text in the LCD decision (linked from the PEB announcement on 7 June):
Quote:
Originally Posted by https://www.cms.gov/medicare-coverage-database/view/lcd.aspx?lcdid=39365&ver=80&contractorName=6&contr actorNumber=all&updatePeriod=1044&sortBy=updated&b c=13
Perfectly reasonable ‘investment case’ as of today
But it’s sad that it’s had to come to this for you ……seems more of a reason to keep holding
You’ve been so bullish in the past - like this post from a while ago -
The upside in PEL from here is unrivalled on the NZX and the downside risk is reducing with each announcement. PEL has significantly more upside than PPH yet it’s market cap is c 1/3 of PPH.
Largest holding and continuing to accumulate with each announcement
And to think you were touting shares will $2 once.
You must feel terribly disappointed with how PEB have stuffed all this up.