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Pinnacle Technology Share Chat (PINN)



Share Price: 7.875Bid: 7.75Ask: 8.00Change: -0.50 (-5.97%)Faller - Pinnacle Tech
Spread: 0.25Spread as %: 3.23%Open: 8.375High: 8.375Low: 7.875Yesterday’s Close: 8.375


Share Discussion for Pinnacle Technology


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Crash2016
Posts: 75
Off Topic
Opinion:No Opinion
Price:10.625
Placing
19 Jan '16
I think we may well have been correct here as the price action now suggests a placing well below current levels. 6.5p is where funds were raised previously according the accounts so I don't think they would do a placing any lower than that but I find it hard to justify a placing above that level either. Possibly a little higher as that would always be the preference but I don't think it's possible in these market conditions.
 
Crash2016
Posts: 75
Off Topic
Opinion:No Opinion
Price:12.125
DH42
19 Jan '16
I would say that things have changed now and rather than buy at 12p look to see if 12p is breached. If it falls below 12p then it will end up back to the 8p level. They will be needing working capital any day now going on the published accounts. I don't think they will be able to raise working capital at these prices having been under 6p a couple of months ago and also when we are very close to a global market crash which could come any day now.
dh42
Posts: 78
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:12.125
RE: looking to buy below 12
18 Jan '16
Chris, no problem. My point was more that 12 looks like being breached already, which I originally treated with incredulity (and if I remember correctly I wasn't the only one). That's why I remembered your post. FYI, I haven't bought back in yet either, so I'm happy I followed your comments rather than mine.
chrishutch
Posts: 1,787
Off Topic
Opinion:No Opinion
Price:12.125
RE: looking to buy below 12
18 Jan '16
Dh42 - just for clarity I am not intending to buy, no reflection of the company but for me I am only holding investments I feel really confident about at present. I wish you all luck though.
Crash2016
Posts: 75
Off Topic
Opinion:No Opinion
Price:12.125
RE: looking to buy below 12
18 Jan '16
I wouldn't suggest that would be a good idea. I think there is a lot of froth to be blown from the top of this before any buying resumes. From what I can tell it's done over 100% on fresh air and needs cash for working capital. I don't think they can raise funds at these prices as it would look like a professional job of getting the price up before presenting the begging bowl. Things have changed since December and the market at any given day will be marked down as a whole.
dh42
Posts: 78
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:12.125
RE: looking to buy below 12
18 Jan '16
(this is re to a post from Dec 21) . Looks like Chris will get his buying opportunity after all.
Crash2016
Posts: 75
Off Topic
Opinion:No Opinion
Price:12.125
Placing Coming?
18 Jan '16
I have looked over the last published accounts and it looks like they had enough working capital to tide them over the second half of 2015. Does anyone expect a further placing over the next few weeks for further working capital? With a Loss for the first 6 months running at -£0.52m in the last set of accounts and a mention of funds raised at 6.5p last time round, what would be a reasonable price?
freddie01
Posts: 4
Off Topic
Opinion:No Opinion
Price:14.75
Re decent buys
5 Jan '16
Yes that was the spot I was referring to Scargs.

Something is definitely brewing and I'll be very surprised if we don't get some news in the next couple of weeks.
Scargs
Posts: 107
Observation
Opinion:Strong Buy
Price:14.75
decent buys
5 Jan '16
freddie01

Did you read my spot yesterday?

603,125 shares costing £88,960.

Makes you think that something is brewing.

Any thoughts?
freddie01
Posts: 4
Off Topic
Opinion:No Opinion
Price:14.75
Re decent buy
5 Jan '16
Good spot Scargs.

Feeling much happier with my investment with all that going on.




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