Mog, If you had a genuine point, I missed it in what appeared to be a deliberate attempt to trash the SP with rubbish statements designed deliberately or accidentally to confuse. Mixing up turnover and financing both from last year and post year end whatever suited your agenda. I agree the results were nothing like people were expecting but have you done a genuine critique of the accounts for everyone's benefit? No and yet you say you are one of the only people around who can read company reports. So please give everybody the benefit with reasons why and evidence or be quiet.
PINN alleges that it is growing! Can someone publish what % cost of sales increased? What % operating expenses increased? What % operating loss increased by? What % balance shett net assets decreased by? Total assets increased 74% but total liabilities increased 158%. The company needed £2.5Mns after 30/9/2012 in order to shore up balance sheet. Is PINN expanding? turnover increased from £8.5Mns to £12Mns which included £2odd mns in one offs so where has all the money gone?
Too many bright intelligent people with big companies and lots of money for a poor old boy like me to post on this board. Good luck and enjoy bragging about how good and right you all are. Somtimes you should step back and listen to yourselves..
Thank you for highlighting the accuracy of my original post, you missed the bit about this trading in the twenties and then the teens after the placing. Perhaps that was my second post, all before the markets opened when all around were saying how positive the news was with the increased turn over.... Lol They hadn't read page six at that point !!
I had a look at what our esteemed advisor posted on the New thread. He qualifies his opinion with "well i'm no expert" . Well we agree with that.
Well let's see what all the fuss Brick has made is about, think he's expecting a 60% rise today in results.
Overview from Rns , well I'm no expert but it looks like they raised 25% of the turnover with a placing, turnover was 12 mil... They made a loss of over 1.2mil, they are consolidating the stock 1 - 100 so expect a placing after that.
In all, absolutely carp IMO.... But hope for Brick and Toots sake it rises.
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