Remember Livingbridge VC LLP didnt recently buy a stake here for fun!! either. Obviously they made a case for them to invest in along with MXCP. When they had the recent placing it must have been discussed. All we have to do is sit tight and it will be delivered into our laps.
Yes but the recovery is being speeded up/fast tracked with the new Director from Accumuli coming onboard to beef things up along with MXCP and the Chairmans statement which made it clear they are on the acquisition trail. Its all starting to come together.
That Broker note today is basically telling you all you need to know. Pinn are further down the raod in their recovery than people are aware of.
It's normal to wait for the evidence of a return to rude health but the return to good health always proceeds the evidence. That's what investing is all about, it's piecing together the information that's out their and concluding where we are with it.
All the info contained in the recent interims pointed to that recovery being under way but you have to remeber the period they were reporting on, it was a period that is now consigned to history and not a reflection of where we are now. Even in saying that though the evidence of the recovery was contained in those interims.
The contracts wins and the 02 deals are testament to where pInn is headed and if you want a guaranteed recovery play which is only just starting to gain some traction then look no further than this one. The recovery alone will provide a nice healthy return on it's own but with acquisitions earmarked for this company a sure fire multibagger is on offer.
If the proof of the pudding is in the eating, then it is fair to saythat Pinnacle’s pudding is not quite out of the oven; but by the time this pudding has been served up and eaten, the share price may well be a multiple of where it is now.
So rather than sit at the table, spoon in hand, it might be helpful to have a look around the kitchen and meet the new chef. Pinnacle’s new chef, or rather CEO, Nicholas Scallan, picked up the reins in March 2014. Having initiated and completed a wholesale operational review, he has since been working hard to implement the resultant strategy to turn around Pinnacle’s businesses.
As with all turnaround situations, the anecdotal evidence of progress comes several quarters before the financial evidence. However the interims to March 2015 – which were published a few weeks ago- are already showing some very promising green shoots.
They have to shake out a few so they can fill orders. There is not a lot of shares to go around. A few investors who got locked in a while back will be releasing their funds as it rises. And good luck to them they deserve a break.
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