PEB-Pacific Edge

[LoungeLizard]

Details of the latest cr out to raise $24m. Good news only burning through $2.4m a month so all going well no more cap raises this year. To date have spend over $300m of shareholders money to only have $11.5m of sales FY25. Net loss increased to $35m FY25. Only have $5.1m in cash as at 30th of April...

Placement offer details only a small discount and
- The Placement Offer Price will be NZ$0.170 per share representing:
- 2.3% discount to the last closing price of NZ$0.174 on 8 May 2026
- 2.0% discount to the five-day VWAP of NZ$0.17351

Will be interested to see how this cap rise goes given it's not underwritten and at such a low discount. Will shareholders keep giving it money. How much money (not freebies) has the guru ceo put in? Why did the old founder ceo sell down most of his shares when he left?

The question people should look at I think "is there better opportunities out there for your money".

I hope this company is successful but I'm sceptical. Good luck to holders though.

I think the real question to ask is "do I think Novitas are going to overturn their decision and re-instate PEB's Medicare coverage?" If the answer to that is "yes" then 17c is very good value for a share that will be 3x that within a week of the decision. If your answer is "no" then there are certainly much better places to put your money.

[Pierre]

I think the real question to ask is "do I think Novitas are going to overturn their decision and re-instate PEB's Medicare coverage?" If the answer to that is "yes" then 17c is very good value for a share that will be 3x that within a week of the decision. If your answer is "no" then there are certainly much better places to put your money.

I definitely think Novitas will reinstate Medicare coverage, but the other question is "when will that decision be announced." With any luck we should have the wheels in motion before the end of 2026.

I am heartened by the fact that all directors are supporting the CR, with the chairman fronting up with $500k.

The CR will increase the shares on issue by ~10%. I am once again supporting a PEB CR and have submitted my application in the placement to increase my holding by 12% (that will result in a nice round number).

I'm looking forward to Lounge Lizard's forecast of (at least) a trebling of the 17cps issue price coming to fruition to reward my patience and perseverance as a shareholder since 2012.

[850man]

Where did you apply for the Cap raise? I cannot find any link for it.

[Pierre]

Where did you apply for the Cap raise? I cannot find any link for it.

I received an email from Cameron Partners, investment banking advisers to PEB, inviting me to participate via the Share Placement scheme.
The Retail Offer opens on Thursday.

[Pierre]

Where did you apply for the Cap raise? I cannot find any link for it.

Sorry, I omitted to include the text from Cameron Partners email that explained the reason for applying via the Placement. Here it is:


PEB completed a separate Retail Offer in August 2025 (within the last 12 months). If you participated in that 2025 Retail Offer, there is a possibility that the maximum amount you may be able to participate in this 2026 Retail Offer is reduced below NZ$50,000 by the amount of your subscription in the 2025 Retail Offer. This is because the NZX listing rules applicable to PEB limit the amount that each PEB shareholder can participate in retail offers within 12 months of each other (in this case the 2025 and 2026 Retail Offers) to NZ$50,000 in aggregate. PEB intends to use its placement capacity under the NZX listing rules to enable such PEB shareholders to subscribe for up to NZ$50,000 in new shares under the 2026 Retail Offer, but there is a risk that PEB may have no remaining capacity under those rules following the Placement. 

 

Therefore, if you subscribed in the 2025 Retail Offer and wish to invest again, you may be better to subscribe in the Placement, rather than waiting for the Retail Offer (to avoid any scaling required by the NZX listing rules, as applicable).  There is no limit to the amount you can apply for in the Placement.  The Placement will only be scaled if there is excess demand.

[Basil]

Details of the latest cr out to raise $24m. Good news only burning through $2.4m a month so all going well no more cap raises this year. To date have spend over $300m of shareholders money to only have $11.5m of sales FY25. Net loss increased to $35m FY25. Only have $5.1m in cash as at 30th of April...

Placement offer details only a small discount and
- The Placement Offer Price will be NZ$0.170 per share representing:
- 2.3% discount to the last closing price of NZ$0.174 on 8 May 2026
- 2.0% discount to the five-day VWAP of NZ$0.17351

Will be interested to see how this cap rise goes given it's not underwritten and at such a low discount. Will shareholders keep giving it money. How much money (not freebies) has the guru ceo put in? Why did the old founder ceo sell down most of his shares when he left?

The question people should look at I think "is there better opportunities out there for your money".

I hope this company is successful but I'm sceptical. Good luck to holders though.

Good post and I agree.  Forgive me, I've forgotten, is this the eight or ninth capital raise ? I've lost count.  Every time I've taken notice it comes with assurances this capital raise will see us through to successful commercial operations. How many times can they cry wolf before nobody believes them anymore ?

[lorraina]

I can not see why PEB goes to the bother of having capital raises.
Surely they would be better to have shareholders on direct debt, and just take out monthly payments from them,much like I pay my rates,insurance,power and bank card.

[winner (n)]

I can not see why PEB goes to the bother of having capital raises.
Surely they would be better to have shareholders on direct debt, and just take out monthly payments from them,much like I pay my rates,insurance,power and bank card.

Very good lorriana ...great idea

[Shareguy]

I can not see why PEB goes to the bother of having capital raises.
Surely they would be better to have shareholders on direct debt, and just take out monthly payments from them,much like I pay my rates,insurance,power and bank card.

Yes great idea Lorraina. Even if it does get approval how many years before it's profitable. Share prices follow earnings says the wiseman.

[lorraina]

Forget earnings,they are unlikely to happen.Best they can every hope to achieve is ongoing employment for existing staff.
Once shareholders have seen regular monthly withdraws from their bank a/c they may think it is like Lotto .
PEB should offer a bonus to contributing shareholders.
A bit like Heart Foundation .ie a chance to win a house or car.
I would guess current capital raises would have cost PEB a house or two,every time.?

[Arbroath]

Let me put on my rose tinted glasses!

1. They get coverage reinstated later this year.
2. This leads to widespread adoption of Triage and Triage+.
3. They are cashflow positive by the end of 2028.
4. The following year they get a takeover offer at $1.25 from a multinational healthcare company.

What did I miss?

[Pierre]

I enjoy reading the cynical comments, but let's see who's grinning this time next year.

I doubt PEB Director Anatole Masfen would have supported the previous CR with $5m, or chair Simon Flood would be putting $500k into this one, along with contributions from all other directors,  if there was not a high degree of confidence in PEB's prospects of success with the current LCD review.

The AUA would not have included CxBladder in their guidelines, Kaiser Permanente would not be publishing glowing reports and Singapore General Hospital would not be endorsing the product if it did not deliver on its promises.

The vagaries of the US Health system are a nightmare to navigate but it now seems likely that the long and tortuous track could be heading towards a successful conclusion.

Nothing is guaranteed of course, but I'm optimistic and supporting them once again. However, this will be my final contribution if we dont hit the jackpot this time.

You don't have to agree with my support for PEB but I'll be happy to receive your good wishes for a good outcome for this determined New Zealand company trying to make it big on the international stage.

[lorraina]

I was only trying to have a bit of fun.
Happy for the PEB "subscription donators" to have the last laugh..
Like everyone I would be very pleased for them to be successful.

[Pierre]

Excellent news.

The Pacific Edge share Placement of $18 million has been very well supported and upsized to $25.4 million.

The Retail offer of $6 million (also with the right to accept oversubscriptions) opens on Thursday 14th.