This silent little share is about to blossom. The company has everything in their favor with big things to come. My opinion, DYOR , is that while things are quiet and not a lot of dealing going on it is the best time to buy in.
This is a direct quote from Mr A J Bonner inter alia ...."After carefully considering Pinnacle’s growth and strategic objectives, we believe that a share consolidation could prove beneficial to the company and its shareholders,.." What does that actually say and more importantly what does ir mean? Why and wherefore! Why will it prove beneficial to the company and its shareholders? Who says so!
As we are keeping things accurate. The open market purchases were at low volumes and the share price fell significantly. The placing price was .29 but the prevailing share price was significantly higher. The market took an average to come up with 18%. We can dance around the hand bag numbers all day long. The significance is most of the director purchases have been indulged on favourable terms. What matters is why has PINN's share price underperformed its sector when the Company is allegedly improving. The share price should be "flying" so what is stifling share price enhancement and shareholder value that is diminishing. We are both in tune to the prospects but the perception is different and has been since before the alleged meteoric rise. No one can predict the share price but on fundamentals PINN should fly but it isn't and no consolidation can change that as the market cap stays the same and the company stays the same so why indulge a consolidation? what will it achieve?
Just to keep things accurate, Alan Bonner has bought several times on the open market at prices such as 0.55 & 0.42. As for participating in buying shares in placings, lets not forget that 4 directors bought shares at 0.35p in a placing, this was a placing at an 18% premium to the then SP of 0.29
Hi Karina1. I understand your stance but I am not losing sight of AIM's corporate equity game alsoalso. PTCM and PINN cannot be compared on a like for like basis as theire corporate structures are like chalk and cheese. I too have followed PINN for more years than I can remember but keeping a proper perspective and feet on the ground. I agree that all the elements are there with provisos the market "city" and analysts recognise that also and start waxing lyrical and see what we see. I too have accumulated in PINN. But in real terms the Directors of PINN have not accumulated from the open market but indulged in placings where the terms are significantly better. How many options do the PINN directors own? A move from AIM would be a smart move!
PINN's directors do not have significant shareholdings?? Alan Bonner 10.32%, Darron Giddens 5.96%, Tom Black 2.76% We await to hear Dr Dodds holding after the AGM. A number of the team there also have what I would call significant holdings.
I assume you mean PTCM but then the Chairman there holds 11.66% and the CEO 2.42% ?
I would imagine the £2.6m placing cash makes Pinns balance sheet look incredibly strong.....
PINN's directors do not have significant shareholdings. And unlike PINN their balance sheet is in a much stronger state so the two are like chalk and cheese. The point I am making is that PINN has to strengthen its balance sheet and I would like to see directors taking more shares from the open market rather than part indulging in cheap placing shares.
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