PBD 0.00% 0.0¢ pbd developments limited

goingnorth , page-2

  1. 254 Posts.
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    I am very bullish long term on PBD, but given the large number of shares held by a small number of entities, there is the potential for short te manipulation.
    Don't be surprised to see shares drop below the CR price come end of Nov (as what happened after the last CR). If it does drop I am going to buy more :)
    I phoned the CEO today and spoke with his assistant (not sure of title), and he came across as very friendly and informative.
    There is a solid pipeline of work now and the CRs have taken the threat of covenant breaches off the table for the time being.
    I still rate this share as high risk, as the management team are an unknown quantity, however they have a plan and to date it is being executed far more competently than the previous lot.
    Given the aligned of focus on the Eastern sea board with the rise on real estate prices there, there is the potential for some very healthy profits.

    All of the above is my opinion only. I am not a finance professional.

    Good luck all!
 
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