Sold one third of mine for $1.55 on Friday, not back in yet, happy to wait for a few days now and see what happens with the rights. Mine owe me very little at this point.
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Sold one third of mine for $1.55 on Friday, not back in yet, happy to wait for a few days now and see what happens with the rights. Mine owe me very little at this point.
need to be in for the rights. Next week will be interesting.
The sell line is still being constantly fed. But seems to be a bit more demand about at these levels.
Haven't heard a Balanced opinion for a couple of days. Come in spinner.....
The breakthrough $1.30 has massive downwards momentum behind it though, the fact that its held the day with far more 'normal' movement in the red says a lot. There seems to be a lot of commentary around - if it holds or falls I'm buying more, me being one of them. I was sick of spending all my working day looking for the perfect entry, and it looks as though some of that has cooled off.
DISC: No TA applied. Catch that knife!!
3,900,000 shares gone through off market after hours.
What is it ?
That 3.9m volume could well provide a nice platform for a sp lift in tomorrow's trading. It's happened before (i.e. with other stocks).
There was more volume traded today (even prior to the 3,900,000 traded at the end) than yesterday when it cut through the 200,000 buys sitting at $1.30.
Come on guys, just chill out.
I'm not Hoops or anything but a glance at the 1 day/1 year chart shows that the excitement from the news is wearing off: http://bigcharts.marketwatch.com/adv...false&state=11
This coming from me - I bought in PEB at 76 down to 60 cents and sat there waiting for it to come back up for a number of months. I got caught in the excitement then had to sit there for ages... I just don't want it to happen again. I will get back onto the PEB horse though.
A few days ago it was a bargain to buy the shares so that you could get a 13% "gift" through the rights issue... Well clearly if you had waited now you would have an even better "gift".
Lisa needs braces, dental plan.
Uneducated guess.....Harbour AM again?
Will only find out officially if they had over 5%
to be honest I'm more interested in who the buyer is. I sincerely hope its not setting up for an early takeover
Over 19.98 percent triggers a takeover offer.
Suppose you can initiate a takeover even if you have no shares.
As CJ says if you go over 20% you need to make an offer to everyone ....even if you don't really want the whole lot ....so you just offer something like the market price so nobody accepts it.
Looks like more want to abandon this morning....still more shedding to be done it seems. People won't want to be caught with their pants down ... especially if more announcements arrive.
I doubt that the seller(s) have yet gone away satisfied. Looking for a bigger battle around 120 sometime today.
Opens with buyers at 120cps. Where has all the hot air gone? will have to light the woodburner if this keeps up - never mind, TEL looks like it will pay for my beer and skittles in the immediate future.
Some of those waiting at 1.20 and 1.21 may decide to but at 1.30 if they think the worm has turned.
There are big funds from o'seas sitting with brokers, brokers trying to scare the faint hearted with drop in price to indulge in themselves and selling at a higher price to dark pools.
.....looking like resistance at 129/130.......might be it for the day??
And there goes 1.30 :)
So whats all this then - bit of panic buying is there?
I don't expect the panic selling (if there is any) to begin until after the rights are issued on the 5th...by those tight arses not willing to front up with the dosh required (i.e. to buy an additional 2 for every 15 held, albeit at 55c).
Rights trading, more often than not, drags down the head share price for a bit.
BC
People are just trying to eek out an extra 10% here and there. Pretty volatile at the moment. There's the risk if you stay in you'll lose the 10%-20% on paper, but there's a risk if you stay out that you'll miss 10-20% in gains. More in the long term.
Happy holders here... just as well i didn't sell my PEB to fund geo.
Seems to be more buyers than sellers at the mo.
Thinking it might push higher today
It was quoted in the NZ Herald last week. I think we will see more overseas interest as the company gains exposure to US companies over the next few months.
http://www.nzherald.co.nz/business/n...ectid=11146505
“The US deals helped to push Pacific Edge's shares up to a closing price of $1.58 on Thursday compared to 72c on Monday, a rise which Darling partly attributes to overseas investment following exposure in the Wall Street Journal”.
"We've received reports of significant investment from the US and Asia, it's pretty great when you get that level of exposure, especially from the likes of the Wall Street Journal.”
So no evidence just heresy and conjecture?
With all these less than 10k trades it looks more like traders to me. That big 3.9 million trade @1.20 could have been an overseas buyer but I aren't sure they will be buying all these little chunks.
Dont suppose you mean hearsay- these auto corrects are crazy
Can change the whole thing in one easy stroke.
:)
er, these relate to earlier selling transactions up to and including 23 October for HAM, and 18th for ACC
you won't find out if anyone 'big' is buying until they get to 5% so it remains heresy :pand conjecture
Turmeric, you're too bloody quick for me, but I agree with what you say obviously
If the seller of 3.9m held over 5%, they will need to file a change of more than 1% notice. If they held less than 5% before that sale, no notice required
The buyer won't need to file anything unless that purchase took it over 5%
soooo, we are likely no better informed
Looks like a failed test of the $1.30 resistance. I think there will be enough support for $1.20 to hold, but I sure hope it gets tested again. Maybe it'll break through $1.20 when it goes ex-rights?
Interesting article posted on the PEB website today.
http://www.medscape.com/viewarticle/813239
That is interesting, imagine the difference between:
"It's probably just a urinary tract infection. You could go through a very invasive procedure if you want, it will cost lots of $$."
and:
"It's probably just a urinary tract infection, but if you have $500 and want to just nip out the back and give a sample, we can make sure."
Could make a huge difference to patients' lives and to PEB's $.
The American health system shows what happens when you put the money men in charge of patient health. And I think the article illustrates that... why weren't the people who should have been tested, tested? Because its too expensive for the insurers...
I hope everyone in America comes around in support of the Affordable Care Act. This current furore in the US (coming from Republican sources) shows exactly what happens when insurers realise they won't make as much money. They bail out and cancel peoples plans. People can then get plans from insurers who will offer more coverage for less money. Boom, you should see a step change in the medical market over there.
Where will it go for firms like PEB? Well, it should be good, but in my view, only in the long term. Short term things will probably stay the same and insurance companies may block companies like PEB so that they can still claim testing falls outside their duty of care responsibility because it costs too much for cystoscopy compared to the chances of having bladder cancer and this new CxBladder is so very untested. That would make them the most money in the short term (as they could still demand high premiums without providing expensive services), so it makes sense that they would approach it this way. They could only keep that line going for so long however and once CxBladder shows its performance (which it will hopefully keep doing), they will HAVE to start using it, or competitors tests. All of this is IMHO, please give counter arguments though if you feel mine is invalid :)
did you miss the last two announcements somehow blobbles?Quote:
insurance companies may block companies like PEB
As I have stated before, they may stock it, politics may stop it from being sold. Hopefully it won't, but it wouldn't surprise me in the slightest until it does at least temporarily.
I shouldn't have to say that something isn't sold until it is sold. But it appears I have to keep repeating myself.
55c has to be appealing to most current holders, yes? I would think that those people that didn't want to take up the rights would either have sold out already on a profit-take or plan to sell their rights next Monday once trading begins, which could initially drag down the head share's sp. I'm guessing from mid week onward we'll see a recovery in both. That's my theory, and (for now) I'm trading to it.
BC
Discl: Holding and planning to take up all my rights to purchase more at 15:2.
Another 100k+ at 125c after hour
Noob question, will those after hour orders be processed/take effect at open tomorrow?
I shud know this but what is the last day (record day) to qualify for thr rights issue?
Ex - rights Tuesday 5th
.......cheers , as I thought just wanted confirmation.
Would I be right in thinking the rights will trade for .70c each the difference between current price minus the 55c we pay ?
It doesn't matter if its 55c, 70c or $1.. there is no shareholder wealth created from the pricing function of the right itself as the lower the pricing the greater the dilution of your other 13 shares.
The only way in which the rights issue creates additional value for the shareholders is if the $20m cash is applied to bringing their sales trajectory forwards, i.e. if the extra salesmen help them achieve their targets sooner.
From ANZ site:
Can't seem to find it on the NZX website though?
Substantial security holder(s) giving disclosure Name(s): Peter Hanbury Masfen and Joanna Alison Masfen Contact details: Bridget McCarthy, (09) 307 2660, bmm@masfengroup.co.nz Date on which substantial security holder(s) ceased to have substantial holding: 31 October 2013 Summary of previous substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares Summary for: Masfen Securities Limited For last disclosure,-- (a) total number held in class: 15,057,641 (b) total in class: 278,755,147 (c) total percentage held in class: 5.402% For current holding after ceasing to have substantial holding: (a) total number held in class: 11,807,641 (b) total in class: 280,189,784 (c) total percentage held in class: 4.214% Details of transactions and events giving rise to person ceasing to have substantial holding Details of the transactions or other events requiring disclosure under the instructions to this form: Sale of 3,250,000 shares on market 31 October 2013
i havent got my rights info in the mail yet. Who to contact?
Has Masfen sold because the price will likely drop after the 4th so he can then buy low and make mega bucks?
Who bought them?
Its usually good news when a major shareholder increases their holding so this being the opposite could possibly put more pressure on the price today--stay tuned folks
I guess there is so much demand for share that someone has to sell, esp those who bought cheaply. If someone has bought at 120 and sells at 125. Then its a worry/ sp would drop.
He's just de-risking his portfolio. Given his shares have gone up a few hundred percent I don't blame him.. It's just common sense.
I would be really more interested in knowing who bought those shares, onshore or offshore, it may be the beginning of a much larger holding. Good way to start with 3.9M shares.
The Masfen's have been in PEB since close to the get go, I would err towards the theory suggesting they may simply be re-balancing their portfolio now that PEB probably is overweight for them following recent gains.
So I just need some clarification on the rights issue, I think Ive got it right.
you need to purchase shares by the end of trading on the 4th Nov correct?
then 2/15th of those shares will automatically be available for you to either sell or hold and pay for beginning 7th Nov under PEBRC?
If you buy them before the 21st Nov,your money go into a holding account until 4th Dec in which the entitled amount will then be added in your normal PEB shares correct?
Well articulated Hancock’s.
A 13% dilution does seem of little importance when we have had magnitudes greater volatility recently.
Let’s look forward to those sales staff going forth and building working relationships with the LUG’s and 19 territories full of professional urologists looking for better medical solutions.
The technology and laboratories are in place, insurers are coming on board, my thoughts are that we should start to see the 20.5M investment start to return sales within a year.
It is free lunch. The slight dilution for the head will recovet very soon. However you will never evet again to buy it at 55c. I'm not going to argue anymore . Think about the bigger picture
Any rights issue is a dilution no matter what the share price (i.e. next week there will be more shares of this same pie/company)
Existing shareholders will choose to either:
a) make this additional investment at a cost of just 55c per new share (2:15) which is a cost advantage over buyers next week and beyond who decide to purchase PEB head shares (this is my preferred option), or
b) not take up the right to make this additional investment and either sell that right next week (thereby not reducing the value of their existing investment) or let it lapse (i.e. reducing the value of their existing investment -- not recommended).
BC
Jim please add some value with your comments, I've seen quite a few of your ten posts just say things like "that's totally wrong" "you're incorrect" "that's ridiculous".
We're all on this forum to debate and learn, I'd like to see what you have to say but I cant weigh up what your saying when its just a negative statement with no substance.
Thanks.
Nice post Mr Trix, I have been thinking the same, and you said it well.
enough explanation?
Can someone please clarify for me, are current shareholders guaranteed an extra 100% of their entitlement to the rights, or is it only a pool (presumably small) of rights not taken up by shareholders. ?
Asking sp 131
You get your entitlement. There will also be a (small) pool where the holder of that right lets it lapse which shareholders can apply for (up to 100% of their rights amount) - expect this to be significantly oversubscribed. In the unlikely event this pool isn't completely allocated, a book build will take place for the remaining.
It isn't like a SPP where only a set number of shares are on offer which may cause an over subscription.
I cant decide if i should top up a few more before monday...
Aye aye dilution...zero sum game... no free lunch...lol hope you did not buy CNU at 3.00 because there is no dilution for it..lol