Thanks Sparky - really appreciate your openess and rationale etc. I have a decent size holding here and for all the same reasons, I agree with holding for the long term. Just can't understand what sparks (no pun intended!) others to do what they do.
Printable View
From 1987 I think, my Dad still has Wrightson's (PGW) and Rubicon (RBC), which I think was the morph from Brierley's (BIL). Needless to say neither have been good at enhancing shareholder wealth!
PEB's drop in price is nothing (so far!) compared to what unfolded on the NZSE in 1987.
Bjauck I think I had shares in Brierly Investments Australian arm But can not remember the name IE something I think. Rubicon I think you will find Morphed from Fletcher Forests
Agree 100% with STC - 2 to 3 years is the appropriate timeframe to make an investment in PEB work for you. Those who got in 2 years ago took the huge risk and have now been reasonably rewarded.
Those who buy in now are taking a much reduced risk but nevertheless, still a risk that PEB has a great product but cannot commercialize it successfully.
As STC rightly pointed out, PEB has been a fantastic investment over the last 6 months but short term, the traders are selling out sensing the momentum is now downwards.
I personally know of some novice investors who got in at 42 cents and they sold out last week as they did not want to lose the gains they have already made. They are extremely happy as they were really surprised to make 50% gains in less than 6 months! No other reason for selling.
What you have to do with the posters here is differentiate between those who are short term traders and long term investors, and read their comments in perspective.
It is great to have both traders and long term investors on the site and on the market - you just have to be careful not to read a trader's comment as indicative of a stock's long term potential.
Ok...thanks. Rubicon owns shares in Tenon, which was Fletcher Forests. Is that right? Did BIL shareholders become shareholders in the Singapore based GuocoLeisure, which still owns the former BIL asset, Thistle hotels?
As of today, PEB's share price has dropped substantially from its 2013 high.
IMHO today will not be about PEB,but about Mr Market
I don't quite get why the stock market is down. America lets off bombs everyday in Aghganistan/Pakistan, nobody cares. Yet 2 small bombs go off in America... WATCH OUT THE WORLD IS ENDING SELL ALL YOUR SHARES AND RUN FOR THE HILLS!!!! Doesn't make much sense to me, a couple of people are killed, hell about 30 die in America everyday from guns yet nobody cares. Its not going to stop people from leaving the house to buy stuff. Sure, I can understand 911 having an effect, a big disruption, but this... I guess it goes to show that the sharemarket is also a confidence market of sorts. When people lose a little confidence, shares follow the same path.
[QUOTE=turmeric;402013]1) China released weaker than expected economic data before the US markets opened. Chinese GDP for the quarter to March 2013 unexpectedly slowed to 7.7% growth from a year earlier weakening from 7.9% the previous quarter. Most were projecting 8% growth. Chinese industrial growth also came out well below predictions at 8.9% versus the 10% forecasted.
Think that any seller related to the 'lower' Chinese figures are overdone. Hell, China is still growing at a good clip and I would rather see them grower 'near-to' forecast rather than creating a bubble by growing at 8+% .imho
Boston bombing may shake a few nervous nellies into dumping but don't think it contributed much of the downside we see. Like Sparky said earlier - this is an opportunity.
thanks for the interesting links Hancocks. On another matter entirely regarding the recent sell down of 10000000 shares by Mr Masfen could one assume that this had something to do with the PFI merger. Havent seen anything on this on the thread. Perhaps I am just adding two and two to get five.
noah fence:)
I suppose what Im trying to say is how much did that sale affect the share price on its own merits.Where would the price be if it hadnt happened perhaps?. I think a lot of people called it as a bailout and trembled accordingly whereas it seems the money was needed for another deal and was quite justified imho. Would be interested to hear any other opinions relating to this aspect of the PEB thread.
Perception is important and likewise, how and to whom the 10m shares were sold.
I think Masfen did the right thing selling the shares at 65c, a big enough discount to market price. What they did poorly was to sell the 10m shares to short term traders who then raced one against the other to get out at a profit.
Im no chartist but it has been a long time since the share price has touched the 100 day moving average.
Is this relevant,in chart terms?
Hi, have been following the PEB thread for a while, have been a holder for several months. Have very much enjoyed the discussion. A while back JohnnyTheHorse mentioned something about an agreement between Cellmid and Pacific Edge, where PEB would "pay" a certain amount of shares as a milestone payment after the first product was sold in the US. Does anyone know how many shares we're talking? And maybe how likely Cellmid are to put them on the market?