Register
Login:
Share:
Email Facebook Twitter




Pinnacle Technology Share Chat (PINN)



Share Price: 7.00Bid: 6.75Ask: 7.25Change: 0.00 (0.00%)No Movement on Pinnacle Tech
Spread: 0.50Spread as %: 7.41%Open: 6.75High: 7.00Low: 6.75Yesterday’s Close: 7.00


Share Discussion for Pinnacle Technology


Thread View

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

Posts per page:


freddie01
Posts: 6
Off Topic
Opinion:Hold
Price:7.00
adept4 plc
Fri 15:37
Although still a very long road ahead I'm happier with my investment than I have been for a very long time.

http://www.channelweb.co.uk/crn-uk/news/2459681/pinnacle-snaps-up-adept4
 
2JohnAdams
Posts: 61
Observation
Opinion:Strong Buy
Price:7.00
adept4 plc
Fri 15:03
Finally, all is revealed and it's great news.

Pinnacle Technology Group plc, .... is pleased to announce that it has acquired the entire issued share capital of adept4 Limited ("adept4"), a provider of cloud based IT services and solutions headquartered in Warrington.

· In the year to 31 December 2015 adept4 generated revenue of £5.0 million and EBITDA of £0.75 million
· 67% recurring revenue, expected to increase due to a growing long term support contract base and organic growth

· Strong free cash flow generation in excess of 90% of EBITDA

· Post completion, Pinnacle will have cash at bank of £4.3 million

· Following recent disposals of legacy Pinnacle trade and assets, the Company proposes changing its name to adept4 plc

With each move, this new Board has replaced old with new and loss-making with profitable.

And, Pinn now looks to be profitable, so with £4.3m left in the bank after this acquisition, I expect there's more to come, which is excellent. GLA
Rocka999
Posts: 5,082
Off Topic
Opinion:No Opinion
Price:7.00
RE: PINN is dead...
Fri 12:10
It'll still be sometime before we see some real progress but at least the BOD has got us on the right track, PINN legacies all behind us now and a clean slate going forward
dh42
Posts: 105
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:7.00
PINN is dead...
Fri 11:55
...long live adept4!
So with last years massive and premature hype well and truly behind us,let's look forward to a completely different - and hopefully successful - company from the one before. I bought back in this morning after selling approx 6 month ago. Hope I don't regret it.
Rocka999
Posts: 5,082
Off Topic
Opinion:No Opinion
Price:7.00
RE: pinn
Fri 11:49
Won't be Pinn for much longer, roll on Adept4
Korg
Posts: 2,373
Off Topic
Opinion:No Opinion
Price:7.00
pinn
Fri 09:54
still overpriced. You can only sustain this level for so long on promise. 3-4p imo MAX. Expect a consolidation too to bring it back down.
Rocka999
Posts: 5,082
Off Topic
Opinion:No Opinion
Price:7.00
RE: Re: Progress
Fri 09:09
And now we can see why
2JohnAdams
Posts: 61
Observation
Opinion:Hold
Price:6.50
Re: Progress
Wed 15:34
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
Wed 10:57
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: 5,082
Off Topic
Opinion:No Opinion
Price:6.50
RE: Progress
Tue 17:14
Considering Brexit looms large over us all it's holding up very well




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.