PEB-Pacific Edge

[LoungeLizard]

Not sure at all this holds water. This suggests the US healthcare system is in worse shape than the N.Z. healthcare system which seems incredibly unlikely to me other than the fact that we have a public system and they don't so cost could be a serious factor in the US for the average American so I asked A.I. what is the average cost for a cystoscopy procedure in the US and here's the answer   That's not materially different to the cost of the PEB test so I'm not convinced.  Any intelligent person knows you're better off with the gold standard warrant of fitness inspection...but then again, maybe there's lots of unintelligent people in the US, that's definitely a plausible explanation seeing as they voted "Chump" into power for a second time.  Agree, a lot of people do nothing when blood presents in the urine or take antibiotics and hope its just a urinary track infection but doing something further means making a choice between a very expensive urine marker test or a cystoscopy.  I'm not convinced the uptake of a urinary biomarker is the go to option and the reason is the not inconsiderable cost.  If it was a few hundred dollars compared to a cystoscopy that cost ten times that much I would be convinced but clearly we're very far from that being the case.

There's a huge amount of data on the Pacific Edge website about the cost savings to providers, patient satisfaction surveys, the greater access to care for patients living in remote areas of the US, as well as all the positive clinical trials that resulted in the tests getting included in the UAU guidelines and now re-instated for Medicare coverage. Kaiser Permanence (the biggest non-profit provider in the US) has a huge database of real world data showing the big drop in unnecessary cystoscopies (and savings) as a result of using CXBladder.

In other words, investors like myself and others here have looked at all this data, weighed up the risk and reward and decided it was worth a punt. It's been a bit of a rough ride but the stars are aligning now for PEB and the market is starting to get on board. PEB is clearly not for everyone, but I wouldn't be surprised if it doesn't turn out to be the best NZX50 performer this year.

[Basil]

Fair enough LL. At least you called it what it is, a punt.
Everything that's gone before with PEB and everything they've said before and my own experience makes me deeply skeptical. Good luck ro holders.

[LoungeLizard]

I should clarify that PEB was definitely "a punt" back in the day when it was still conducting clinical trials, gathering clinical support and trying to win back Medicare coverage. Now that all those things have been put to bed, there's a lot less risk involved, although obviously nothing is certain.
 
All investments are involve a degree of speculation. I wouldn't, for example, touch MFB with a barge pole because of its history and high degree of vulnerability to economic downturn. Horses for courses.

[Basil]

Some companies have a well proven track record of earnings and growth and are VASTLY lower risk than a company that has yet to prove anything in terms of earnings.  MFB has proven its business model is very resilient and is about to report improved earnings in an extremely  tough economy.  All PEB has proven so far is it can tear up ~ $300m+ in shareholders capital and make endless promises of imminent commercial success which to date have all proven to be false dawns. 

It remains to be seen if it can ever generate a single cent in earnings.  Maybe this time it will be different and maybe this weekend I will have a punt on Lotto and win knowing that at least the staff at the Lotto shop are not eating 99.9% of my speculative wager unlike some other companies offering the chance of a spin on the roulette wheel.

But why stop there, you can punt on the gambling machine itself, SKC trading at an all time low of 56 cents today. Their 10 year chart is a shocker just like PEB's. There's a difference between investing and speculating mate although the line is somewhat blurred with SKC but I would suggest the line is very clear between MFB and PEB.

[Left Field]

Nice that  ANZ investments see value in PEB.....

https://api.nzx.com/public/announcement/472822/attachment/468632/472822-468632.pdf