Thats been out there for awhile now ,but hey,a little further promotion cant hurt
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good summary.
Maybe to add another point of contention - some seem to feel that a minnow like PEB have little chances to succeed in an heavily regulated market between all the established elephants ... without having a partner able to lift their profile.
Personally (as a small shareholder myself) I think it would feel better seeing them to work together with an well established and experienced partner in their chosen markets. Yes, given that they seem to have a good product it makes you wonder why it seems to be that difficult for them to find one.
Obviously - maybe they are not looking, but than the question springs to mind - WHY?
I believe someone said that they tried but It didnt work out (or they were turned down?)(not sure of the details--maybe someone knows a bit more about that?
One way or the other ,coming in with an established partner does seem to be a much more successful strategy from examples I have seen.
well there goes an easy 500K down the toilet.... https://www.nzx.com/companies/PEB/announcements/264775
I struggle to see value in PEB at the present $230m Market Cap.
In my opinion PEB trades at a massive premium due to being pretty much the only biotech on the NZX, which is small in general.
Sure Cxbladder looks promising but sales are dismal and if this was listed on the ASX I doubt it would have a market cap higher than $100m if $50m.
Looks like the SP went up around 50% at that time so I guess those that sold did lose out at the time and will get some compensation at the present shareholders expense---(Im not going to say anything about the competency of the management) since there has'nt been any problems with announcements before--Oh wait.......
Meanwhile David Darling was admitted to Dunedin hospital with a gunshot wound to......the foot:D
I agree, PEB's Mcap will hold strong as it has supportive shareholders. Undervalued/overvalued depends on the future.
Interesting, could you please give me evidence of the dismal sales?
How many tests have been completed?
What percentage of tests have been recognised as revenue?
How can you possibly gauge sales when you don't even know the price of the product to a user programe?
Operating revenue for HY2015 was $1m, in the scope of a $230m market cap I would call that dismal.
PEB's market cap may definitely hold strong and dependent on the future may certainly be undervalued.
The problem for me is so much expectation is built into the current price! Risk/reward isn't there for me.
Was dining in a fine restaurant this evening and overhead the following from a very intelligent sounding gentleman, his words not mine, something along the lines of,
"PEB would not have to pay 500k if the FMA believed any part of their story.PEB got caught red handed trying to manipulate when they were announcing hype to the market place pure and simple.
Not often has a NZ publicly listed company had to reimburse investors, that were out of pocket, for breaches of the continuous disclosure laws. Most (95%) of breaches get a slap on the wrist, so this was no minor offending. This should ring alarm bells"
Or something to that affect. He got into a Lambo later on.
Might be time for PEB to open a lab in the UK
http://www.google.com.au/url?sa=t&rc...v2fLhL7Nu4qVjw
A word to the wise.
Lambo drivers are for the most part property developers,who usually have big b'lls,and are known to be "full of it".
If he had driven a Maserati,you could taken his words as gospel.
Be careful, as you may be dining with the wrong crowd.!!!!!!!!!!!! lol.
So what Im getting here is Wolf says PEB is overvalued and the market cap is simply held up by supportive shareholders and Carpenter J is saying he is on board for the potential--so the logical question would be are we talking about the potential to actually produce sales or to simply keep hold of supportive shareholders.
And others are discounting the fact that PEB has been fined(an unusual situation) because the people who commented on it drove a particular type of car
However you look at it that squeeky clean image has just taken a hit---It has to be either incompetence or intention to decieve--not much room for anything else
Obviously wont affect the results though except the financial loss of half a mil---but it could affect investor confidence
Never thought the payday for some investors would come in that form!