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Pinnacle Technology Share Chat (PINN)



Share Price: 7.375Bid: 7.25Ask: 7.50Change: 0.125 (+1.72%)Riser - Pinnacle Tech
Spread: 0.25Spread as %: 3.45%Open: 7.125High: 7.375Low: 7.125Yesterday’s Close: 7.25


Share Discussion for Pinnacle Technology


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Rocka999
Posts: 5,017
Off Topic
Opinion:No Opinion
Price:7.375
RNS
Today 11:09
EBITDA loss of £149,000 on revenues of £1.2m and had net liabilities of £2.2 million.

It had to go, going to be a while before we see any real benefit
 
Crash2016
Posts: 149
Off Topic
Opinion:Strong Sell
Price:7.125
More of the companies assets sold
Today 09:18
For the huge sum of £1

No wonder they done a placing at 4p. This is going to collapse quite soon imo. There is no reason for such a premium share price in such a poorly run company. It's more like a vehicle for extracting cash from shareholders.
jollyspeculator
Posts: 20,280
Off Topic
Opinion:Sell
Price:7.00
minded to
26 Apr '16
agree with crash
Scargs
Posts: 136
Observation
Opinion:Strong Buy
Price:7.375
Some decent BUYS
30 Mar '16
during the last couple of days.

The 3 high value purchases that stand out are one costing £17,380, one costing £11,60o and one costing £20,000 at full asking price.

Very encouraging.
Crash2016
Posts: 149
Off Topic
Opinion:Strong Sell
Price:7.25
Should have gone to specsavers
14 Mar '16
yes, you should have. Give it time? They need more money? so more placings but at what price?

yes in time it will turn round but how much dilution just to get things on track? before it does anything close to a good deal it needs to trim all the fat and raise funds.

The next placing, that's where all eyes are looking and that will determine the direction for the rest of this year.

My guess is 4p will once again be the magic number.
Goatmountain
Posts: 5
Off Topic
Opinion:No Opinion
Price:7.25
View Thread (2)
Should have gone to specsavers
14 Mar '16
Don't be too short sighted look at the whole picture you may think the shareholders have been shafted but the reality is you have to break a few eggs to make something good. Give it time and this share will start to rise from where I sit management are getting it right.
Keep the faith.
Crash2016
Posts: 149
Off Topic
Opinion:Strong Sell
Price:7.50
You can't
14 Mar '16
Polish a turd.

Management still trying to provide peace-meal after shafting investors.

That will only happen when the losses stop and the business starts to turn around. It's not worth a 4p right now imo and today's RNS tells me they are gearing up for the next placing to gain control of their customers.

What price this time? 3p? 4p? again How much will shareholders lose now?
sweepie2
Posts: 2,240
Off Topic
Opinion:No Opinion
Price:7.125
RE: Worth a dabble
11 Mar '16
I am amazed these are still at this level but the year is still young will expect that sooner or later this year they will touch my target. Good luck all
Crash2016
Posts: 149
Off Topic
Opinion:Strong Sell
Price:7.25
PINN Placing
11 Mar '16
If they raised funds at 4.2p when the shares price was 12p Then what price will they have to raise them at when the share price is at 7p. 2.5p?

It's won't be as much as 4p this time. The dilution on the next placing will be sore and that's clearly what they are gearing up for if you read the following from the CEO.

The Board will continue to review future acquisition opportunities in line with its strategy. Particular focus will be given to acquisitions opportunities with £2-5m revenue, 50-60% recurring revenues and local office and support centres that can be streamlined.

Further dilution and placings are a stick on.
Crash2016
Posts: 149
Off Topic
Opinion:Strong Sell
Price:7.25
RE: 15th of Feb post
11 Mar '16
The market cap here should be no higher than £8 million which is equivalent of approx 4p per share.

The acquisitions made were punitive and the loss making business they were bolted on to is not fit for purpose. They have no money left for further acquisitions and once again will have to dilute even further. This is one I would avoid like the plague because there is not a cats hell in chance they will raise funds without having to offer a huge discount meaning shareholders once again get licked.




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