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.
"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 .
The revenue was £1.62m for the year ending Jan 2013. Now read the Trading updates RNS's on 24/2/14 and 14/4/14 and you will see that Revenues for the year ending Jan 2014 are set to be £14m. In addition Revenues for Q1 Feb - Apr 2014 are set to be around £14m.
I am so glad the PINN turned down the 21p per share offer from COM 8 months ago.
"It should be noted however, that following the announcement of the Interim Results to 30 March 2013, 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."
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.