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Pinnacle Technology Share Chat (PINN)



Share Price: 7.75Bid: 7.50Ask: 8.00Change: 0.00 (0.00%)No Movement on Pinnacle Tech
Spread: 0.50Spread as %: 6.67%Open: 7.625High: 7.75Low: 7.625Yesterday’s Close: 7.75


Share Discussion for Pinnacle Tech (PINN)


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Korg
Posts: 257
Research
Opinion:Strong Buy
Price:8.00
View Thread (3)
Nick Scallan - The new David Breith
20 May '14
Mr. Nicholas Scallan is Chief Executive Officer, Director of Pinnacle Technology Group PLC. Prior to joining Pinnacle, Nicholas was most recently Director of Customer Solutions at Virgin Media Business. He spent nine years at Virgin Media, holding a number of commercial and operational roles including P&L management of the data products portfolio, customer engineering, and has overseen a number of organisational restructuring activities. Before Virgin Media, Nicholas was at Energis, responsible for broadband, data and internet related programmes. In The Netherlands he held the position of Networks Director for Enertel NV, and was involved in the sale of the business to a Dutch venture capital group. He studied Electrical Engineering at the University of Strathclyde, is a Chartered Engineer and a member of the Institute of Engineering and Technology.
 
Korg
Posts: 257
Answer
Opinion:Strong Buy
Price:8.00
View Thread (2)
RE: Looking forward
19 May '14
OK. Some decent buys today, still at a discount to the directors buys, and a colosal discount to the recent high of 15p.
redknight1
Posts: 614
Answer
Opinion:No Opinion
Price:8.00
View Thread (2)
Looking forward
19 May '14
Fair enough. Good luck.
Korg
Posts: 257
Observation
Opinion:Strong Buy
Price:7.50
Looking forward
19 May '14
They have reduced head count, business confidence is picking up, which provides opertunity to cross sell (the voip market is gaining momentum generally - coms do voip too by the way), cloud facilities are replacing traditional onsite servers etc, and security is still a big revenue generator.

Don't know if they are doing the commonwealth games, but with virgin media they could be assisting in more festival live events etc.
redknight1
Posts: 614
Answer
Opinion:No Opinion
Price:7.50
Clarification
19 May '14
To be precise: 2013 EBITDA (£769103) = Loss £2,435,468 therefore EBITDA 'breakeven' would have been Loss £1,666,365....
Korg
Posts: 257
Observation
Opinion:Strong Buy
Price:7.50
EBITDA breakeven
19 May '14
"the Board embarked on a strategic review of the Group and has taken robust actions to reduce on-going costs in recent months. As a result, the Group is now trading close to EBITDA breakeven on a monthly basis."

The new CEO, has probably improved on this. The sales force, with gyuidance, should have pulled in new business too. If not get rid of them, and Pinn go positive EBITDA .
redknight1
Posts: 614
Observation
Opinion:No Opinion
Price:7.50
Clarification
19 May '14
"EBITDA neutral" is not the same as "breakeven". The difference was £1.4m in 2012 and £1.6m in 2013....
Korg
Posts: 257
Observation
Opinion:Strong Buy
Price:7.50
View Thread (3)
RE: breakeven to profit
19 May '14
Yes, a fact that they are now cheaper to buy, cheeper than all the director purchases @9.75p! So go and buy cheaper than the directors!
4PetesSake
Posts: 3,952
Observation
Opinion:Strong Sell
Price:7.50
View Thread (3)
RE: breakeven to profit
19 May '14
Good qualifications - yes this led to a sentiment filled rise in the SP. But now the dust has settled and the SP is lower than when he started - FACT.
Korg
Posts: 257
Observation
Opinion:Strong Buy
Price:7.50
View Thread (3)
breakeven to profit
19 May '14
That's it jolly, add in more improvements and some cross selling and that will be. VAST improvement. So look good on a turnover to map ratio.

Like I say look at the new CEOs cv. You'll spot some good qualifications.



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