Register
Login:
Share:
Email Facebook Twitter


Share Views Episode 9 - Early Stage Investment Opportunities


Pinnacle Technology Group Share Chat (PINN)


PINN Share Chat
PINN Share Chat
PINN Level 2 Console
PINN Level 2 Console
PINN Live Share Price
PINN Live Share Price
Buy PINN Shares
Buy PINN Shares
Add PINN to Watchlist
Add PINN to Watchlist
Add PINN to Alert
Add PINN to Alert
Close Info Alerts is a Premium Feature
Login or start your FREE trial today.
Add PINN to myTerminal
Add PINN to myTerminal

Pinnacle Technology Group shares appear to be de-listed or suspended.


Share Discussion for Pinnacle Technology Group


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


2JohnAdams
Posts: 86
Observation
Opinion:Hold
Price:6.50
Re: Progress
25 May '16
Rocka999 & freddie01, I think it's holding up well because although it looks like there's a strong seller in the stock, there's also a very strong buyer in the stock too.

Someone's mopping up everything that's being offered.

Buys of around £130,000 from only six or seven trades in May alone!

This share would rise if only people would hold onto their stock.

That's because all these large single trade buys are probably from the same buyer!
 
webziggy
Posts: 1
Off Topic
Opinion:No Opinion
Price:6.50
Trigger's New Broom
25 May '16
So - under A Bonner, the plan appeared to be to acquire apparently poorly performing tech / comms businesses,
strip out the duplicated bits (HR, Finance etc) and integrate them into PINN, do some cross selling etc = make them profitable.

This seemed to work ok with some businesses, and they made some money for PINN.

For some businesses the "Bonner Plan" didn't actually make them profitable. (RMS would be an example I think).

With changes at the top, it wasn't surprising to see a change of strategy, and disposing of RMS and other services that were duplicated elsewhere in the business / were only in place for legacy reasons all seemed to make sense.

The recent, not yet integrated, acquisitions of AncarB and Westons could well follow the "Bonner Plan" - maybe successful, maybe not.

But with the disposal of everything else to Chess inc 27 staff means that with the exception of senior management, there's almost nothing left of what Bonner built.

PINN now appears to consist of 2 recently bought companies and senior management (directors excluded) who've been working in Telecoms / Connectivity sector - and not in the "IT as a Service" sector.

It's a bit like the "Triggers Broom" thing - it's the same broom - but it's had "17 new heads and 14 new handles".

What do I think this means? That the past performance of PINN will have no relation to future performance.

So the question we all have to ask is, do we think that merged AncarB & Westons are worth more or less than 6.5p?
Rocka999
Posts: 5,349
Off Topic
Opinion:No Opinion
Price:6.50
RE: Progress
24 May '16
Considering Brexit looms large over us all it's holding up very well
freddie01
Posts: 18
Off Topic
Opinion:No Opinion
Price:6.375
Progress
18 May '16
Price holding up very well considering.
jollyspeculator
Posts: 21,404
Off Topic
Opinion:Strong Sell
Price:6.25
korg
17 May '16
agree..unsavoury
Rocka999
Posts: 5,349
Off Topic
Opinion:No Opinion
Price:6.25
2JohnAdams
17 May '16
I've still got a little faith in the management (although severley dented) the placing was a killer but in all essence realistic considering. It's going to take some time getting back into double figures and as you say further acquisitions on the way.
2JohnAdams
Posts: 86
Observation
Opinion:Strong Buy
Price:6.25
Another ţ2.8m cash in Pinn's bank
17 May '16
Rocka999, thanks for the update, I hadn't seen it.

I'm further encouraged by this RNS and it's clear that the new board are executing a focused strategy.

Whoopee, another £2.8m in Pinn's bank, which reduces any prospect of a placing.

Although I don't expect the cash pile to sit there for long. My guess us that further acquisitions are already underway. Time will tell. Good news, though. GLA
Korg
Posts: 2,831
Off Topic
Opinion:No Opinion
Price:6.25
OVERVALUED
16 May '16
been saying this was overvalued for sometime. 1p seems more reasonable now. Who was that guy rmping this back end of last year? Was he working for someone?

Sorry for people who got sucked in.
Rocka999
Posts: 5,349
Off Topic
Opinion:No Opinion
Price:6.00
RNS
16 May '16
Short term pain for long term gain

"The consideration for the Disposal is £2.8 million, payable wholly in cash. The proceeds of the Disposal will be used to further Pinnacle's stated strategy of consolidating a highly fragmented market of smaller IT services companies to become a provider of 'IT as a service' to the SME market in the UK"

"Following the recent disposals of RMS Managed Security and its shareholding in Stripe 21 Limited, the Group now consists of the businesses of Ancar-B Technologies Limited and Weston Communications Limited acquired in February this year. Both are trading profitably in line with management expectations and generating cash"

Gavin Lyons, Executive Chairman, commented:

"The Disposal represents a significant step forwards in achieving our strategy of creating a strong 'IT as a Service' business with recurring revenues and higher margin services. When I was appointed in December 15, it was apparent that there were many legacy and operational issues that needed to be addressed within the Group. Through the disposals of Pinnacle CDT, RMS Managed Security and Stripe 21 we now have a stable financial and operational platform to build on. The focus is now entirely on the integration of Ancar-B and Weston Communications whilst utilising our cash and management resources to consolidate a highly fragmented market through acquisition so we maximise earnings and value for shareholders. I am pleased with the progress being made on both fronts".
Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:6.25
ţ6 Mill Market Cap
16 May '16
is where this should be trading and even then that's being kind. I suggest this will fall another 3.5p from here to get to a level where it can then consolidate but then they will still need to place more funds for expansion as current funds are nowhere near enough to get a meaningful business developed here.

At 3p there would then need to be a placing to execute the plan but who's buying in to this plan after directors fed themselves so much meat from the last one?.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






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.