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Pinnacle Technology Group shares appear to be de-listed or suspended.


Share Discussion for Pinnacle Technology Group


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Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:6.75
More Bad NEWS
16 May '16
3p coming because there is now way this can trade with a Mcap at £15.33m.

There is nothing left to speak of here and it's basically a cash shell, albeit a very expensive one.
 
Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:7.125
Jadams
6 May '16
But what is the company worth right now? No where near it's current share price.

They need cash and will certainly not be able to raise it anywhere near today's share price.
That means there is a huge amount of dilution still to come and at a larger discount.

Anyone investing now is nuts and throwing money in the gutter.
2JohnAdams
Posts: 92
Answer
Opinion:Strong Buy
Price:7.25
Fundamentals are much stronger
6 May '16
Crash2016, I hear you but I don't see it like you do.

Facts are that they bought Ancar-B and Weston, which brings in an additional £3.7m revenue and an additional £0.8m EBITDA.

And out goes RMS for £1, which was losing £149k EBITDA on £1.2m revenue but also had a carrying liability of £2.2m.

That looks like a great short-term result to me. The net result, (after the acquisitions and the disposal), is that they are up on revenue around £2.5m and up on EBITDA around £1m and they have also disposed of a further £2.2m liability.

What's not to like about that?

I get what you're saying about the share price, it's painful for LTH, but if it was good at 30p, then it's a better deal at 7p, because if nothing else, the fundamentals are much stronger now, as is the board.
Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:7.25
Jadams
6 May '16
You were calling pinn a buy @ 30p so I hardly think you can claim to know what good news even looks like?

They sold a huge part of the business for a £1.

They stiffed share holders with a 4p placing

They have basically nothing of a business left

They need cash rapidly and in this market what can they raise? at what price? what is this company now worth?

£5 mill Mcap would be generous,. It's going down.
2JohnAdams
Posts: 92
Answer
Opinion:Strong Buy
Price:7.25
RNS
5 May '16
Rocka999, I don't think you've quite got the gist of the RNS!

"Pinnacle is today pleased to announce that it has entered into an agreement to sell the entire issued share capital of RMS to Intronovo Limited for £1."

The key phrase here is "...to sell the entire issued share capital of RMS..."

They've sold a loss-making asset for £1. That's really good news.

If I'm understanding it right, they've got rid of a business that was losing £149k per year. The whole business, not just the assets. This means that Pinnacle is no longer subsidising that company to the tune of around £12.5k every single month. That's £12.5k every month that's no longer going down the toilet!

On top of that, they have also off-loaded the £2.2m liability in that company to the buyer as well - genius!

Hope I'm understanding the RNS correctly but that's the way I read it.
2JohnAdams
Posts: 92
Observation
Opinion:Strong Buy
Price:7.25
More of the Company's assets sold
5 May '16
Crash2016, this is actually very good news.

Any business that disposes of assets - toxic assets, is doing the right thing.

A company is not only judged by a snapshot of its current earnings performance but also the actions of its board.

From what I can see, all indicators a pointing North and a new trend is emerging.

A very strong board of directors who are killing off loss-making assets, have successfully completed a substantial capital injection and have acquired additional profit-generating companies.

New shareholders will do well in this share. It's a shame for long-term shareholders, but that's the way it goes sometimes!
4PetesSake
Posts: 4,759
Off Topic
Opinion:No Opinion
Price:7.375
Crash
4 May '16
Fully agree, this is only going one way
Rocka999
Posts: 5,675
Off Topic
Opinion:No Opinion
Price:7.375
RNS
3 May '16
EBITDA loss of £149,000 on revenues of £1.2m and had net liabilities of £2.2 million.

It had to go, going to be a while before we see any real benefit
Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:7.125
More of the companies assets sold
3 May '16
For the huge sum of £1

No wonder they done a placing at 4p. This is going to collapse quite soon imo. There is no reason for such a premium share price in such a poorly run company. It's more like a vehicle for extracting cash from shareholders.
jollyspeculator
Posts: 21,858
Off Topic
Opinion:Sell
Price:7.00
minded to
26 Apr '16
agree with crash




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