We have witnessed a share re-organisation and a sector jump. The next changes should be a root and branch corporate advisors broker shake up as well as a web site upgrade the current web page contains an old and tired looking home page the ceo interview has been there for longer than I can remember the BBC and Olympics banner is passed its sell by date and all that is just my opinion.
Hi corpse. Yes a lot of pre opening research being done ahead of session's trading. My opinion is that in the aftermath of the consolidation it is clear from the lack of communication from PINN's corporate team that it is time for change in my opinion. I am not convinced the Nomad has dealt with the situation well and the shareholders communication PR team may well just as well be redundant. The Board of PINN have hid behind the shield of the Listing rules in being prevented from issuing any kind of statement regarding the market failings in the immediate aftermath of the consolidation in my opinion. PINN however will be anxious to get out some positive news asap if only a token piece just to keep things "sweet".
Hi Quarryman. Empathise with you. The market has stated that it is apparently not that convinced with the Board's upbeat rhetoric and appears to be pricing the shares on the reported factual figures recently reported. With little news regarding contract wins and trading update since last annual report the market has no new information on which to value PINN and with the post consolidation hick up no wonder the market is keeping its powder dry. With regard to the Forum you are not missing much as it is very much a clique with Mr Bonner conspicuous by his absence in joining in any discussion/debate recently. But if you are convinced in Mr Bonner's future trading performance then that is good enough for some.
Hi All, I understand some of you have the odd word with Pinn's investor relations chaps and that there's a forum (i'm registered, but never been on); but where's the momentum from the consolidation? And why is the Spread still such a mess? Personally, I have Pinn tucked away for future dividends and/or the inevitable Daisy Group attempt at a purchase, but it's the sick man in my portfolio at the minute and nobody seems to be doing anything about it.
Having recently reported a £1.1 million loss for last year, after a £115,000 profit in 2011, but it now has institutional confidence in its ambitions as a Scottish growth stock. PINN now has institutional confidence in its ambitions as a Scottish growth stock. The group, founded 15 years ago by Alan Bonner, raised £2.95m in a placing this month to fund inroads into the cloud solutions and IT security markets, alongside IT services and traditional telecoms. It is stressing a 49% increase in revenues, 79% in recurring contracts, to £12.7m, and 61% rise in gross profit to £4m, and shrugging off the chunky £1.6m of "exceptional and restructure costs" which saw it plunge back into loss. Mr Bonner said: "For a small business to be capitalised in the way we are is fantastic ... I have been knocking on these doors for years but they have been bolted shut." He said institutions now appreciated that the business was no longer new, had de-risked, and created a stable platform for growth. Shareholders approved a 1 for 100 consolidation, which should enhance the share's appeal.
PINN has also confirmed the arrival of Dr James Dodd as chairman and Dr Tom Black as non-executive director.
Bill Allan, the former Thus chief executive stepped down as chairman, said: "Pinnacle has been bold in building a business from core strength and acquisitions to compete more effectively in a changing telecommunications market, where business customers require a more sophisticated portfolio of services. Pinnacle now has the building blocks to compete and win."
Mr Bonner said there were "good reasons to be optimistic". He said the firm had invested £767,000 in one-off acquisition costs and had achieved underlying net earnings, including profit from acquisitions, of £515,000.
He said: "Our financial strength will enable us to continue to invest and reposition the business, and, despite the current economic conditions, we intend to make further investment in our sales teams to take advantage of the opportunities we have to increase our market share.
"While the results of our cross-selling strategy may take time to deliver, we are confident the actions we have taken to date and the strategy we are pursuing will ensure the group continues to prosper."
Now that the "market" in PINN stock has settled post consolidation now could prove be a lucrative time to buy in following Friday's confident trading reporting.
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