Cabe, I was nearly about to give up on this one. Spoke with one of the directors last week and he was dumbfounded as to why the share price was trading at the level it is.
He noted that pbi had met the targets they had set, had put together significant money making deals to drive the company forward, and that there was still plenty more to come.
What's even stranger, is that the investors in the UK are willing to pay for lines at much higher prices then they are trading at in OZ.
The fact that the boys in the UK are buying pbi at a minimum premium of 25% to the OZ market gives me confidence that they see the true potential of pbi, and that they will be long term holders.
I believe pbi should be trading around the 30c+ levels, but the market doesn't feel the same way at present.
Noggie
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PBI
premier bionics limited
