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Pinnacle Technology Share Chat (PINN)



Share Price: 7.875Bid: 7.75Ask: 8.00Change: 0.00 (0.00%)No Movement on Pinnacle Tech
Spread: 0.25Spread as %: 3.23%Open: 7.875High: 7.875Low: 7.875Yesterday’s Close: 7.875


Share Discussion for Pinnacle Tech (PINN)


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Korg
Posts: 260
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: 260
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: 260
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: 3,998
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: 260
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.
4PetesSake
Posts: 3,998
Observation
Opinion:Strong Sell
Price:7.50
Korg
19 May '14
Please get you facts straight on COMS.

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.
jollyspeculator
Posts: 13,976
Off Topic
Opinion:No Opinion
Price:7.50
ok so you are ref to
18 May '14
an rns 5 and a half 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."

...not that recent lol
jollyspeculator
Posts: 13,976
Off Topic
Opinion:No Opinion
Price:7.50
Korg
18 May '14
Grateful if you could paste a copy of this update with the date of the rns from which it is extracted...I cannot see any reference to achieving breakeven ...scanning through recent rns...but I may have missed it

...wouldn't want anyone to be misled, would we?



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