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Pinnacle Technology Share Chat (PINN)



Share Price: 10.00Bid: 9.50Ask: 10.50Change: -0.75 (-6.98%)Faller - Pinnacle Tech
Spread: 1.00Spread as %: 10.53%Open: 11.25High: 11.875Low: 9.875Yesterday’s Close: 10.75


Share Discussion for Pinnacle Tech (PINN)


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Rocka999
Posts: 4,173
Off Topic
Opinion:No Opinion
Price:8.00
View Thread (2)
Pinn
21 Jul '15
Is the word out on an acquisition I wonder?
 
KUMS
Posts: 13,192
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:7.75
8p
21 Jul '15
Oh yes. 8p now!
KUMS
Posts: 13,192
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:7.75
PINN ing
21 Jul '15
my hopes here where MXCP are working hard to turn round this coy.

Up 8.77% now.

It will be nice to break 8p this week.
BadApple
Posts: 152
Off Topic
Opinion:Strong Buy
Price:7.38
PINN
16 Jul '15
CHAIRMAN'S STATEMENT

These results reflect the work- in-progress status of the Pinnacle Technology turnaround, as the various measures put in place to return the business to profitable revenue growth, reduce costs and sharpen the focus of the business take effect. The Board continues to be focussed on positioning the company to become EBITDA positive and recognises that this will take some time.

However, given the progress that has been made, as detailed below and as outlined in the circular to shareholders dated 28th April 2015, the Board is now of the view that the time is right to consider reviewing acquisition opportunities that will take advantage of the underlying capabilities of the Group, as well as the highly fragmented and regionalised market in which the Group operates

CEO has clearly stated that acquisitions are being evaluated as of June this year, they were being evaluated before June but this statement is actually from the interims so they will be much further down the road as of now.
BadApple
Posts: 152
Off Topic
Opinion:Strong Buy
Price:7.38
PINN
16 Jul '15
In March this year the business signed an exciting O2 Mobile Digital Services agreement.

This supports our strategy, of harnessing our strengths in IT services and also results in favourable mobile contractual terms. Whilst this agreement is still being implemented, it is clear from the market as a whole that usage of mobile devices for data connectivity is greatly increasing, and there is a close relationship between the IT applications consumed by SMEs and the way in which they are accessed, via broadband and mobile devices.

Providing a one-stop-shop for both clearly fits with Pinnacle's strategy of providing SME clients with all their IT and communications needs. An additional benefit of the arrangement with O2 is being able to access their products approved for use in the public sector on a reseller basis, where HM Government accreditation is required.

Previously it was unlikely Pinnacle would have been able to retain or bid for such work.

-----
Previously it was unlikely Pinnacle would have been able to retain or bid for such work.

Now they can because they are in rude health having appointed MXCP and now seeking acquisitions which will see further contract wins with multi billion £ companies such as 02
BadApple
Posts: 152
Off Topic
Opinion:Strong Buy
Price:7.38
PINN
16 Jul '15
This might well appear quiet in terms of investor activity and posting here but it's certainly not the case within the company. The CEO stated that they are already seeing huge improvements and returning to profitability. They have had MXCP working hard behind the scenes to streamline the business and making their anticipated acquisition.

Don't forget that MXCP have a lot of money to invest and having already taken their stake here they could well be about to make acquisitions based on loans which will be great for pinn and great for mxcp.

One step at a time and as pointed out by chomsky

Interims out .........Tick.
New Director........Tick.
New Web site ......Tick.
New ???...............Currently working on new acquisitions.

Anyday for the news, so take them out the drawer and wipe the dust of them, these are for the here and now.

You are looking at a buy and build company with all the growth in front of it.
Chomsky
Posts: 563
Observation
Opinion:Strong Buy
Price:7.38
Pinn
15 Jul '15
This is not a share to forget about just because it is quiet.
If CTP taught us anything its that nothing will happen and then all of a sudden BAM!!!
SOMETHING will happen.
Pinn is ready to to go BAM!!

Interims out .........Tick.
New Director........Tick.
New Web site ......Tick.
New ???...............Currently working on new acquisitions.

THE CEO SAID SO.

MXCP are running the show here now.
We know this because.....

THE CEO SAID SO.
badeli
Posts: 324
Off Topic
Opinion:No Opinion
Price:7.38
Me too
15 Jul '15
So have I, I am only invested because of the MXCP link and I am happy to wait for their plans to unfold. No hurry but I am confident I will see a good return - about 3% so far in a couple of months!
KUMS
Posts: 13,192
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:7.38
Pinn
15 Jul '15
I have just put these away and not worry in the short term.

Agree with BadApple's comments.
BadApple
Posts: 152
Off Topic
Opinion:Strong Buy
Price:7.38
PINN
15 Jul '15
Given the progress that has been made and as outlined in the circular to shareholders dated 28(th) April 2015,

The Board is now of the view that the time is right to consider reviewing acquisition opportunities that will take advantage of the underlying capabilities of the Group."

Quite a telling statement that, this is clearly a buy and build company now. Just like RCN, ACM CTP.

MXCP stated that they would get involved in buy and builds and this is clearly one in the making.

MXCP have thier man on the board and the company has stated that acquisitions is no on their radar. This is a great chance during these quiet summer months to get a holding in time for a return to good solid volume and good news days.





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