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Pinnacle Technology Share Chat (PINN)



Share Price: 6.875Bid: 6.75Ask: 7.00Change: 0.00 (0.00%)No Movement on Pinnacle Tech
Spread: 0.25Spread as %: 3.70%Open: 6.875High: 0.00Low: 0.00Yesterday’s Close: 6.875


Share Discussion for Pinnacle Technology


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Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:12.50
PLACING 4.2p
22 Jan '16
Proposed placing to raise approximately £4.55 million of up to 108,392,857new ordinary shares of 1 penny each ("Placing Shares") at a price of 4.2 pence per share (the "Placing Price") with new and existing shareholders

I did say at the beginning of the week. Why so low? This is going to smash 3p today.
 
Scargs
Posts: 163
Observation
Opinion:No Opinion
Price:11.625
chimers
20 Jan '16
I agree that we private investors have really no idea about what may or may not be happening re Pinnacle.

However, with the markets down today by some tune it makes you feel that there is something positive happening with the company as the shares have gone UP big time.

Two reasonably big buys today, both over £11,000.

Time will reveal all.
chimers
Posts: 68
Answer
Opinion:No Opinion
Price:11.375
yes
20 Jan '16
just shows we know **** all!!!
Scargs
Posts: 163
Observation
Opinion:No Opinion
Price:11.375
A sea of Blue
20 Jan '16
Pinnacle is UP 9.4% today when pretty much all other shares are DOWN..

Anybody care to comment?
cityal
Posts: 3,841
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:10.625
View Thread (2)
re placing
19 Jan '16
I have to agree that a placing could be or most probably will be on the cards here.
Crash2016
Posts: 165
Off Topic
Opinion:No Opinion
Price:10.625
Placing
19 Jan '16
I think we may well have been correct here as the price action now suggests a placing well below current levels. 6.5p is where funds were raised previously according the accounts so I don't think they would do a placing any lower than that but I find it hard to justify a placing above that level either. Possibly a little higher as that would always be the preference but I don't think it's possible in these market conditions.
Crash2016
Posts: 165
Off Topic
Opinion:No Opinion
Price:12.125
DH42
19 Jan '16
I would say that things have changed now and rather than buy at 12p look to see if 12p is breached. If it falls below 12p then it will end up back to the 8p level. They will be needing working capital any day now going on the published accounts. I don't think they will be able to raise working capital at these prices having been under 6p a couple of months ago and also when we are very close to a global market crash which could come any day now.
dh42
Posts: 106
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:12.125
RE: looking to buy below 12
18 Jan '16
Chris, no problem. My point was more that 12 looks like being breached already, which I originally treated with incredulity (and if I remember correctly I wasn't the only one). That's why I remembered your post. FYI, I haven't bought back in yet either, so I'm happy I followed your comments rather than mine.
chrishutch
Posts: 2,412
Off Topic
Opinion:No Opinion
Price:12.125
RE: looking to buy below 12
18 Jan '16
Dh42 - just for clarity I am not intending to buy, no reflection of the company but for me I am only holding investments I feel really confident about at present. I wish you all luck though.
Crash2016
Posts: 165
Off Topic
Opinion:No Opinion
Price:12.125
RE: looking to buy below 12
18 Jan '16
I wouldn't suggest that would be a good idea. I think there is a lot of froth to be blown from the top of this before any buying resumes. From what I can tell it's done over 100% on fresh air and needs cash for working capital. I don't think they can raise funds at these prices as it would look like a professional job of getting the price up before presenting the begging bowl. Things have changed since December and the market at any given day will be marked down as a whole.




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