perception of management? Market not woken up to the new ceo, sector, and progress.
The new ceo proving himself in the restructure. Taking a realistic view of all parts of the business. Looks like he has a definitive plan and vision to deliver profitability and spotted the means to do it. Trading at breakeven in recent months has to be a good launchpad.
As to the question of management perception, his progress should upgrade that to positive.
Yet again coms valuation, high or low, is a benchmark, and currently pinn still look undervalued.
There was news - I was wrong...again... Not exactly uplifting though but then the emphasis seems all wrong for a progressive hi tech company. Easynet stated to give them cost cutting as a priority rather than providing additional revenue streams and keeping their customers happy bunnies - "upsell opportunities" are mentioned... I think if I was selling for COMS - the PINN userbase would be highly prospective...
PINN is entering in to a non-exclusive relationship with Easynet Ltd for the purpose of transforming and enhancing part of Pinnacle's legacy network estate.
Drawing on the strength, size and capacity of Easynet's carrier integration network and a resource base of world class engineering expertise, Pinnacle will now be able to tailor enhanced, secure connectivity solutions for any size of customer in multiple market segments. Pinnacle's operations and engineering teams will work closely together to consolidate business processes as part of phased transformation and migration of the organisation's legacy network. Pinnacle's customers will benefit from a 'one stop shop' approach to enhanced, high performance connectivity access solutions with better speeds, choice and enhanced customer service.
The arrangement is primarily a cost reduction activity; however there will be additional up-sell opportunities available in certain geographies as a result of the arrangement.
In 2013 Easynet Ltd was acquired by MDNX Ltd, a leading independent integrator providing critical managed networks and cloud computing infrastructure to major UK enterprise, local government and channel partners.
The arrangement is expected to significantly improve Pinnacle's access network cost base, with the benefit starting to materialise in the second half of the 2014/2015 financial year.
Datafeed and UK data supplied by NBTrader and Digital Look.
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