Dam it partially completed buy order at 1.35c only got halve :/.
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Dam it partially completed buy order at 1.35c only got halve :/.
You can put one in now for pre-close, currently 1.34
It does not matter. Its just 10c to 140c for example. Only those profit on one or two cents care about it
Seems there’s never a dull moment with PEB.
Back during the AGM, David Darling, when answering a question in relation to the timing of the pipeline products, suggested that cxbladder had to be the priority and that this was where all available cashflow would go. The implication was that the proposed ramp up to a long term figure of nineteen cxbladder sales staff in the US would be funded progressively from forward sales revenue as available cashflow would permit.
This capital raising changes that strategy and we should now expect a faster ramp up in the US, …, does it bring the USD100 in gross margins forward, …, one would expect so, that is its purpose.
But, what it also does, is free up cashflow from forward sales revenues to fund Cxbladder expansion into Asia and possibly also, potentially, for progress with cxcolorectal which is presently on hold but market ready right now.
This is huge for the ramp up of the business, just a humble $20M in cash has the potential to kick this company along way faster than present expectations.
Going to have to brood on the FA for a few days and digest what it all means to the valuation.
Attachment 4939
I don't know if I'm reading too much into this but there doesn't seem to the same kind of buyer desperation as yesterday - highest bid at close 160 for a meagre 5,400 shares. My gut tells me the market is settling at this level.
I need to run some numbers but my initial feel is that it brings cxbladder progress forward by around a year maybe two. They had $10M in cash on hand and intended to break even at FY14, and then grow sales staff with forward earnings. This $20M cash injection is equivalent to around 2.5 years forward earnings or thereabouts.
Close at 1.37, with reasonable support at 1.35/1.36/1.37, not much on offer at this stage.... I think there's still life in it yet. And all of this talk is very short-term - there's general confidence that in the coming months and years the shareprice will be much much higher.
Looks like a bit of resistance at 1.40 and 1.60...The high being 1.75.
Daily MACD looks ok but intraday it looks a little less convincing - a lot like it did before the second news break yesterday.
Perhaps some entry points in the coming days? The people who bought in at 1.65-1.75 won't be keen on that given they're already out 20%.
Will be see a little bit of a drop off? Or will the theoretical inclusion of the stock to the NZX50 add to the demand side?