https://nz.finance.yahoo.com/news/bu...213105714.html
This article states peb gained FDA approval???!!! The odt n Nz finance, what they up to???
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https://nz.finance.yahoo.com/news/bu...213105714.html
This article states peb gained FDA approval???!!! The odt n Nz finance, what they up to???
Mind you, when you've got the NZ Herald writing this ...
"Pacific Edge fell 1 percent to 97 cents ahead of the security software company releasing its full-year earnings tomorrow".
...what do you expect??!!
The US Biotech sector (where PEB is domiciled) averages 6.02x Price:Sales however I imagine this is highly weighted towards the very large players.
But based on this number: US$100m in sales x 6.02 = US$602m Market Cap = NZD$704,852,628 Market Cap.
Divide by 318,615,921 shares and you get a magical $2.21.
To answer your point about its current value well calculating that is an exercise of futility. We're essentially looking at a binary outcome stock (success or failure) so it will either head towards $2.21 or $0.
Westpac is a PEB SSH.
Good to see.