PEB-Pacific Edge

[Left Field]

Another brick in the wall....... not exactly overwhelming, but progress just the same.

https://www.nzx.com/announcements/405289

A positive Novitas decision is really needed to shake up the SP

[Hectorplains]

Another brick in the wall....... not exactly overwhelming, but progress just the same.

https://www.nzx.com/announcements/405289

A positive Novitas decision is really needed to shake up the SP

Yeah, it's the second coming of this announcement.  The contract signing was delayed.  Apparently they had issues with the pen. 

[850man]

Another brick in the wall....... not exactly overwhelming, but progress just the same.

https://www.nzx.com/announcements/405289

A positive Novitas decision is really needed to shake up the SP

Novitas and the completion of the electronic interface into the Kaiser Permanente EMR system.

[Minimoke]

Another brick in the wall....... not exactly overwhelming, but progress just the same.

https://www.nzx.com/announcements/405289

A positive Novitas decision is really needed to shake up the SP

Without wanting to get political I thought the whole idea of our health sector reform was to have one centralized body. So how is it that this agreement is just for the Southern District Health Board.

[Left Field]

Without wanting to get political I thought the whole idea of our health sector reform was to have one centralized body. So how is it that this agreement is just for the Southern District Health Board.

Sthn District Health Board was one of the few NZ Health Boards holding out on PEB..... (bit of irony as Dunedin is the home for PEB) and of course all this will be hypothetical if/when all the health boards are amalgamated and PEB becomes standard across NZ...(and yes, best not to get political.)

[Greekwatchdog]

We must be due for the 3rd quarter update.

[Basil]

When's the next capital raise?  I say this tongue in cheek because I have lost count of how many times they have raised new capital with promises that raise will see them through to profitability and here we are 20 years after listing and they're still losing money.  So what if the southern DHB is going to use their stuff...YAWN.

[Greekwatchdog]

They have $100m in the bank or close too it so there shouldn't be any need to have one.

[winner (n)]

They have $100m in the bank or close too it so there shouldn't be any need to have one.

Might need to do a capital return?

[Minimoke]

When's the next capital raise?  I say this tongue in cheek because I have lost count of how many times they have raised new capital with promises that raise will see them through to profitability and here we are 20 years after listing and they're still losing money.  So what if the southern DHB is going to use their stuff...YAWN.

I gave up watching PEB years ago. Seems like they always had their hand out and US approval was always just around the next corner. I recall there was a bit of excitement with the Kaiser approval. But that only gave it a short term lift of the SP

I see in last report "The half year net loss after tax increased to $10.6 million, from $9.0 million in 1H22"

So seems they still arent making any money

[Left Field]

Nice to see savvy investors Harbour buying a few more PEB lately.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PEB/405498/387175.pdf

Even nicer that their DCA is still well north of mine!

[Left Field]

PEB update test volumes up 36%.... sounding positive on Novitas..... tho' still no official word.......

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PEB/405516/387209.pdf

Test volumes for the third quarter of the 2023 financial year are up 36% on the same period in the prior financial year to 7,768.....

...We continue to actively engage with our legal advisors, our industry coalition partners and with all appropriate formal channels with Novitas and CMS regarding the proposed LCD and remain confident that our feedback will be incorporated into revisions to the proposal....

( Note the words "engage with our Legal advisors" in that quote..... let's hope it doesn't get to that.)

[Crackity]

That release is a masterclass in smoke and mirrors

Big Headline trumpeting test volumes up 36%

Actual test figures in the body of the release

Quarter 2 2023 - 7864

Quarter 3 2023 ( this update ) - 7768

In old maths that is a drop quarter on quarter....

 

[Basil]

Might need to do a capital return?

LOL, maybe they have enough cash to get through to when they might be eventually profitable, (losing $10.6m in the last half is quite an "accomplishment" for a company that's been trading and losing money for 20 years), but I think, not and certainly wouldn't punt my hard earned on this highly speculative "opportunity". 

At the current rate of losses that $100m will all be gone in the next 5 years and then they can do another capital raise and tell the next bunch of gullible punters that success is just around the corner....the same B.S. they told everyone in every one in all their other capital raises than number so many I have lost count.   Surely there's a limit to how many times you can cry "wolf" before everyone says this is a not a viable company?

[Shareguy]

That release is a masterclass in smoke and mirrors

Big Headline trumpeting test volumes up 36%

Actual test figures in the body of the release

Quarter 2 2023 - 7864

Quarter 3 2023 ( this update ) - 7768

In old maths that is a drop quarter on quarter....

 

Exactly. Not good at all. It all rests on novitas decision. Even then sales growth hardly stunning. Got to laugh at graph.  Looking for exit.