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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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Rocka999
Posts: 5,178
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: 13
Off Topic
Opinion:No Opinion
Price:6.375
Progress
18 May '16
Price holding up very well considering.
jollyspeculator
Posts: 20,539
Off Topic
Opinion:Strong Sell
Price:6.25
korg
17 May '16
agree..unsavoury
Rocka999
Posts: 5,178
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: 70
Observation
Opinion:Strong Buy
Price:6.25
Another t2.8m 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: 2,475
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: 5,178
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
t6 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?.
Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:6.75
More Bad NEWS
16 May '16
3p coming because there is now way this can trade with a Mcap at £15.33m.

There is nothing left to speak of here and it's basically a cash shell, albeit a very expensive one.
Crash2016
Posts: 165
Off Topic
Opinion:Strong Sell
Price:7.125
Jadams
6 May '16
But what is the company worth right now? No where near it's current share price.

They need cash and will certainly not be able to raise it anywhere near today's share price.
That means there is a huge amount of dilution still to come and at a larger discount.

Anyone investing now is nuts and throwing money in the gutter.




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