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Just seen the detail and it's just a bit derisory........................
That's a lot of faith in MXCP or is there more in the pipeline sooner than we thought?
I have to disagree with you there, I've been with MXCP since it's inception and haven't been disappointed yet, their track record speaks for itself which is there for all to see on the finals released on 1/12/15. Their investment strategies to date appear to be spot on but I'm open to debate?
Rocka999, experience of pinn/aim says this could fall back to placing price. The results were not good despite all the hype. personally i think mxcp are masters of price manipulation, and have sold pinn another pup.
I bought in at 7p last year so still afloat at the moment, the placing has really stabbed the PI's in the back which makes this a long term play now and I'm talking 3-5 yrs imo
if price slips all the way back to 3p imo, bloody theft pricing the placing at 4.2p and damages the credibility of the directors yet again, STAY AWAY
Anomaly here now, I think. Many with confidence at this price due to previous movement, despite placing etc.,some locked in. No favours done to anybody.
The management team may well be good. So what. The management team at Woolies was good. Your paying for future growth now!! Nobody does that. Its a bubble and it will burst. It will take years of hard work to turn this around along with multiple placings along the way. They have proved to the world they dont give tuppence about you the investor so future placings will be at their benefit not yours. They have destroyed all credibility with this fiasco and fiasco it is.
not trolling, just amazed that this is defying the the laws of findamentals. Have they got david copperfield in to create some sort of illusion of value? Looks manipulated to let the flippers flip.
Excellent management team and advisors now in place, some short term pain for a long term gain methinks
They made it clear today that there will be more placings here. If anything like the last one (and we must assume it will be) then it will be done in a manner that lines the pockets of the privileged at the expense of the gullibile private investors. This is one to avoid forever and a day!!
Its not shrewd at all it is outright theft!! This is priced at future profits if any 3 years down the road. Everything is priced in for years to come. 8.75p would be any sensible persons sell price in 3 yrs time. This is worth 4.2p at best. It operates at the smallest end of the sector and it wont be a walk in the park. Right now you are paying to buy something that might not even happen over the next 3 yrs. Whether you like it or not it will drift back to the placing price. True value always will out in the end.
It can't possibly go to that level because of where people are invested. Sure it will bobble about a bit consolidating here or moving gradually up from here which is what I expect. Like with all good shares going up but not in a straight line. This share was ramped to this level in the first place. This is now the starting point. Or things being relative this is now the price per share and it makes no difference. Indeed get in now to be on the safe side and long term hold. A good old buy and build.
Very shrewd business from MXCP - they have acquired a significant holding in a company which has potential at a price significantly lower than might have been excepted although, reading their RNS this morning, it is clear that they have paid what they believe to be a realistic price given the financial challenges being faced by PINN. I believed in PINN's potential before and it is now perhaps more likely to be realised although it is a shame if PIs have lost out as a result of Friday's fall. Now a long-term hold in my view.
Pinnacle generated a loss before tax of £1.4 million. As at 30 June 2015, it had net assets of £0.4 million. I don't think that's trolling. That's factual information. The market cap is ridiculous.
More trolls trying to lower the price for their own entry I suspect. Don't give them the satisfaction. That's all I will say.
This is crazy, either those buyers are muppets or this is being manipulated in order to forward sell. On a loss making company. Has to go to 3 or 4p Shorts may have propped it up for max gain. Corrupt or stupid pi s?
What's even more astounding is share holders got shafted on a scale I've never seen and they are still buying at more than double the placing price? Fools and their money. I have a feeling that this will tank at a moments notice at some point and the placing price will indeed return to haunt those buying at inflated prices.
Does anyone know of any AIM Technology Shares where following the announcement of a placing the SP has remained at more than double the placing price in the weeks and months that followed? Should it remain around at more than double the placing price, would not some of the institutions who have taken part sell and realise their 100%+ profit?
We know about the issues being addressed, , but going forward, an extract from the article:- 'Pinnacle said the Ancar-B acquisition is for a total £3.5 million consideration, comprising £2.75 million in cash and £0.75 million in new shares priced at the placing price. Ancar-B notes in most recent abbreviated accounts filed with Companies House covering the 2014 year to July, it had net assets of £1.42 million. Pinnacle said Ancar-B generated £2.2 million in revenue in the 2015 year to July. The Weston acquisition is for a £1.5 million total consideration, “to be satisfied in new Ordinary Shares at the Placing Price”. Weston Communications noted in most recent abbreviated accounts covering the 2015 year to March 31, total assets less current liabilities totalled £239,716, up from £110,311 the prior year. Pinnacle said Weston, which provides telecoms and IT support services to SMEs, councils and universities, generated revenues of £2.8 million in the 2015 year to March. Pinnacle said Ancar-B generated earnings before interest, tax and other costs of £0.58 million (unaudited) in the most recent financial year and Weston generated earnings of £0.22 million (unaudited). Pinnacle executive chairman, Gavin Lyons, said: “We believe that strategically there is a market opportunity for Pinnacle to become the leading provider of 'IT as a service' to the UK SME market, despite a number of operating challenges to address, by embarking on a buy and build strategy and focusing on higher margin services. “The acquisitions of Ancar-B and Weston are the first steps in consolidating a highly fragmented market and I look forward to ensuring the organisation is focused on creating both customer and shareholder value.” Read more at http://www.dailyrecord.co.uk/business/business-science-technology/pinnacle-technology-unveils-plan-raise-7224605#Ve1vBdeLHrrZFqgC.99
just a newspaper report, for anybody interested. Pinnacle Technology unveils plan to raise £4.7m to fund acquisitions Scottish Daily Record - 2 days ago
Would never suggest you are making any predictions or forecasts. But we are here because we are as sure as we can be that this will go up. Just not in a straight line. This is as accurate as we can ever be really!
And I shall now leave this Bob alone and see what happens.
Thanks, but I just post my thoughts, same as everybody else. I make no predictions here.