PEB 1.30% 7.8¢ pacific edge limited

Ann: Financial Results for the Half Year to 30 September 2023, page-4

  1. 286 Posts.
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    Hi uktion.

    My expectation is that it would at least jump pretty rapidly back to what it was before the Medicare coverage was removed (i.e. NZ$0.50). I first bought PEB a bit after they originally got the good news with Kaiser Permanente at NZ$0.79 and it climbed to a peak of NZ$1.50, so my guess is there is a good chance they might rocket & go beyond NZ$0.50 if reinstated by Medicare.

    After reading the submissions, etc. to Medicare on behalf of PEB I also think they have a very good chance of being reinstated, as evidenced also by ANZ Investments buying $61,618,927 of PEB shares in the last approx. 2 months.

    It's a risk, but one with a good chance of success in my opinion.

    Last edited by CandyStoreRock: 28/12/23
 
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