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To answer the question, this team here are not the team you refer too and. no matter who much is raised via loans, equity conversion or disposals it all goes back into the company Duckworth and Lyons just completed a buy and build 3 months ago which sold for £55 mill and they created value for all who got in at the beginning so it works perfectly well. MXC are behind this and they just completed the buy and build with CTP and it worked a treat, so much so it done over 600% during the whole process. This not coms nor will it be like that. This is serious and experienced operators in their sector. For reference look at Redcentric, Accumui, Castle Tech this is all on the CV and can be compared now as they are all listed vehicles.
could see 12p. How much money will they raise to buy and build, because if its £50 million to make £50 whats the point? They tried that in the past and wrote off every penny. I'm just cautious the old "buy and build" days worked back then, but all proved futile failers, Coms probably a good/bad expample.
One on 9.75p and it's ready to be taken out and we move on again!
Now moving up and like I said we should see the mid teens in no time at all. The fall from grace PINN experienced is about to be revered in the shape of almost a relief rally. When you wipe out the under performing board of directors and replace them with guys who only 3 months ago completed a successful buy and build which they sold for £55 mill you know the stock is going to get re-rated.
Reminds me of the first one we seen smith do where he stated what he wanted to do with CTP when it was 060p. It also sounds like there going to build a Redcentric type model operating in a different area. Based on that the most likely first acquisition is the MXCP partially owned Maytech data security provider. It's been in the background for some time now and MXCP own 25% of that. Watch this space :)
I can see this moving up quite easily for a good while yet. Nice and steady but with ease.
This is looking like it wants to get back into the mid teens where it can settle till news. It appears the brakes have been applied by the MM but for how long? Everyone knows what the intention is so it won't be too long as this bay and build starts to get going. Not long ago this outfit was in the 20's it's now got a top notch BOD here and it won't be long before it's back there, it's only 100% and considering this has 10 bag potential 100% is nothing in the grand scheme of things...we seen that with CTP who done over 600%
Reading over the Lyons comments it sounds very likely that we are now looking at the Redcentric model. "We are going to focus on offering customers an integrated platform that enables customers to get a competitive advantage," he said. "As a result of that, that's going to [mean] bringing a range of technology and services, because what SMBs want is one company; one trusted adviser they can turn to for their IT needs." Pinn becoming a one stop shop for all your IT needs is clearly the remit and with the lyon having a track record of achieving transformational growth who would bet against them achieving it? With a Mcap of only £5 mill this has miles to go. 5 Bag 10 bag? I would say he latter!
Lyons has joined embattled MSP Pinnacle Technology Group as its executive chairman and claims he sees a "huge market opportunity" for the comms and IT security specialist. Back in April, channel investment vehicle MXC Capital – which is renowned for building MSPs via acquisitions – took a 10 per cent stake in the firm. Lyons, who joined MXC in November, said his appointment comes as part of this investment. "MXC was appointed by Pinnacle to advise on the company's strategy and also to identify acquisition opportunity," he told CRN. "I am in effect delivering against that promise and I will be the person on MXC's behalf with Pinnacle to drive forth that strategy to identify acquisition opportunities." Owing to its status as a public firm, Lyons remained tight-lipped on where these acquisitions will fall but said Pinnacle will look to provide SMBs with a broad spectrum of technology. "We are going to focus on offering customers an integrated platform that enables customers to get a competitive advantage," he said. "As a result of that, that's going to [mean] bringing a range of technology and services, because what SMBs want is one company; one trusted adviser they can turn to for their IT needs." Prior to joining MXC in November, Lyons was CEO at security VAR Accumuli, and oversaw its integration with NCC Group following its takeover earlier this year. During his time at Accumuli, Lyons led a number of acquisitions, and Pinnacle's non-executive director Tom Black said this places him well to join Pinnacle. "We believe that Gavin's experience of buy-and-builds and track record of achieving transformational growth will be a powerful asset to the company," he said in a company statement. "We are certain that his strong track record of success and considerable strategic ability will align with the company's business objectives, engendering fresh growth." Lyons added he was enthused by the ethos of Pinnacle's staff, and could see a real chance for expansion at the firm. "This is a journey for Pinnacle to go on and achieve this potential," he said. "It's a company that has the ability to take advantage of a huge market opportunity. Just look at the sheer number of SMBs in the market and how many need a MSP to help them with their business. They need someone who can help their business grow and I think that's where we can help them by utilising IT as a transformational agent." Following his arrival at Pinnacle, its current non-executive chairman James Dodd will stay on the board until the firm's annual general meeting in March when he will step down, Lyons said.
Just took another 140k before it gets going.
Maybe theirs is bigger than yours :) Look at it like this. Merchant bank famous in the city for buy and build announce they are about to start one: How many fundies instis heavyweight investors will be sitting saying I will have some of that? I would imagine a good few yeah?
Looks like orders getting filled.
so how are they going to buy and build without raising cash and diluting?
This does seem like the calm before the storm....I thin trade are being held back or the tap turned off. The brakes will have to come off soon though as this is being manipulated imo.
Singers the largest MM on 25k nms looking to scoop up any sells. I assume they have a larger order to fill. I wonder how long this will take? That will depend on profit takers which are in very short supply. Thye might need to run this up to free up some additional stock
Nice one,quite fortunate to get that many @ that price as I feel that orders will be getting priority over stock in the background.
It's a buy 9.15p and above are buys.
This from the Business Quarter Lyons has enjoyed a distinguished career in the TMT sector, most recently joining IT security specialist Accumuli PLC as CEO in 2012, and spearheading a successful buy and build strategy that saw it sold to NCC Group plc for £55m in October. Prior to Accumuli PLC, he was head of telecoms & utilities UK&I at SAP and held various senior positions at Trend Micro, having also worked at Xerox, Compuware and The Caudwell Group. During his career, he has been involved in three exits, generating close to £100m in value, as well as completing several acquisitions and integrations. So, very nice to see us with someone of this quality running the company. Couple this with MXCP and the growth will be very rapid. It's very easy to between 400 and 600 % over the next 12 months.
Looking forward to this one leaving the blocks rather sharpish today. Huge growth potential, great BOD with a proven track record of not only the buy and build but huge growth creation. The BOD have a huge network of contact and having just sold their last buy and build for £55 million I have very high hope for an even better return here.
Normally I would have said that was very presumptuous of you but I won't. Instead I will echo your thoughts and say welcome. Oh, you meant the guys who invested yesterday? I was offering a preemptive welcome for our new investors today. I think the bell will see a blue open.
Welcome to the new investors today
Excuse the pun But has the duck lined all this up? Lyons has come on board after 9 months of guidance from MXC and some strategical work from the inside out from Simon Duckworth (The duck) This is Taylor made for Lyons as per his previous position with Accumuli. These couple of sentences say it all. “We are certain that his strong track record of success and considerable strategic ability will align with the company’s business objectives, engendering fresh growth and as a result, we believe we will be better positioned to expand our solution set across a growing base of customers and be the 'capability partner' of choice.”
http://www.dailyrecord.co.uk/business/business-science-technology/pinnacle-technology-group-appoint-new-6969124 Pinnacle Technology Group has appointed Gavin Lyons as its new executive chairman. Lyons is a Partner with AIM-listed merchant bank MXC Capital Ltd, which made a strategic investment in Pinnacle in April. He will replace Dr James Dodd, who will step down from the board at the company's annual general meeting in March 2016. Stirlingshire-based Pinnacle announced in April it planned to raise £0.86 million before expenses from a new share placing which will facilitate a strategic investment by MCX Capital. Pinnacle said the placing, allotted on May 15, would provide working capital and fund its growth strategy. MCX Capital was also appointed by Pinnacle to “provide corporate finance advisory services to the business”. The May placing followed an earlier share placing in November 2014 to raise £560,000 before expenses to support general working capital and investment. Lyons, who is reported to have been involved in three exits in the course of his career, was most recently chief executive of Accumuli PLC, which was sold to NCC Group plc for £55 million in October. Tom Black, non-executive director of Pinnacle Technology Group, said: “We believe that Gavin’s experience of buy and builds and track record of achieving transformational growth will be a powerful asset to the company. “We are certain that his strong track record of success and considerable strategic ability will align with the company’s business objectives, engendering fresh growth. “As a result, we believe we will be better positioned to expand our solution set across a growing base of customers and be the 'capability partner' of choice.”
545k @9.1p
Oeeeeereeeeeeeeeeeeeeeeeeeeeech Sorry, that was my lobster going in head first!