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Cant believe that the share price rose earlier in the day on the back of someone purchasing 600 shares.
We appear to be continuing where AB left off, nothingness. No news no shareholder value upside! Cheap options allotted and announced the day after AGM so that they could not be argued over! No significant share buying from the new order so where does PINN go from here? I personally am looking forward to the replacement to AB announcing significant corporate upside and the new Sir's substantial shareholder revealing why he, as a retail "guru", has invested in a B2B managed et al service company. But in view of the recent corporate structure changes, the benefit of my doubt screams a buy, as there are far more corporate reputations at stake other than mine.
Considering an offer was on the table at 21p/share and rebuffed as "opportunistic and undervalues..." Then 21p northwords should be an easy task, after all the 21p/share prospective offer was a mere 8 months ago!. No these options are a freebie and is not a challenge nor performance related, if they were the options would have been at a higher exercise price, certainly above 21p.
He is being awarded options not free shares. If he works the SP up to 25p, he gets to keep the 10p difference per share if he buys and sells. £100k less income tax = £60k . I don't know what salary package he's on but if he gets the SP north of here he deserves a reward.
The Board has granted options at "being a 20% premium to the closing middle market price of the Company's ordinary shares on 28 February 2014". Some 25% less than the best offer for the outstanding shares at 21p earlier in the year. If those options were in any way geared to be an incentive to perform, then they should have been granted at an exercise price of 25p upwards to 40p in my opinion. The grant of these options is a steal and nothing more than a freebie, and will be seen by the City and market as such.
Scallan given 1M options at 15.6p , I suppose part of his package agreed before he started. Vesting in 3 yrs lets hope he makes them pay and I mean a lot more than a couple of pence. £10k a point less tax, I hope he's aiming high.
AGM 2014 26 March 2014 at 2:00pm will be held at the offices of N+1 Singer Capital Markets Limited. 1 Bartholomew Lane, London. EC2N 2AX , on 26 March 2014 at 2:00pm Be there for some rumoured fireworks or will just end up another routine annual meeting which would probably suit the Board!
Clearly this buying is having an impact. There has been talk of takeover potential from CTP but this has not impacted the SP. Lets hope we continue to get news of increased share purchases from PI and this will move up the shareprice.
Is that another big word you don't know the meaning of? I see nothing churlish in pointing out yet another inaccuracy in your posting. Have a nice day!
Sessions high has now become 14.65p/share on near 14,000 shares. That is some confidence and a boost to an otherwise moribund share price recent performance.
Buyers are prepared to buy small lots of shares at 13.5p/share when the institutions are loading up at sub 12.2p/share. Just goes to prove "money talks" . If one gets locked in at 13.5p there has to be a 40% upside just to cover evens.
Oh lordy. Rudi It looks like you are being churlish again ! http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11881364
You sad sad man,
News that NC sold his shares and bought back for his ISA indicates that there is considerable upside for the shares
The change in the percentage of shares held is due entirely to participation in the placing by Pinnacle Technology Group Plc, the shares from which were admitted to AIM on 25/02/2014. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11899615
http://www.pinn.uk.com/assets/files/financial_reports/Pinnacle_Report_and_Accounts_2013.pdf
You could ask why would anyone want to buy into Pinn but it appears that fortunes are about to turn given recent investment by directors. David Jones (not a lord by the way) has been an investor for sometime and I'm sure has been picking up bargains having as you'd expect, some city connections to advise him. I would think he's a wealthy man and like everyone wants to mitigate the inflationary pressures on cash.
Why would someone from a successful retail background, that is, Sir David Jones CBE, want to buy into an IT B2B cloud based company?
With a director increasing his voting rights, possibly to defend and stave off an assault on the remaining shares from Lordy CBE and or possibly connected persons in my opinion.
Ive just posted this on the CTP thread so thought id post here and see if anyone has any views. Ive just been speaking with a friend about a possible merger with pinnacle technology. He seems to think that its a possibility due to the wide range of products they offer (he is a holder there so would be biased) but they are loss making. They have just done a fundraising and have just appointed a new CEO personally I doubt they would be open to a merger. Coms were sniffing around them a while ago but the bid was rejected due to PINN considering it an under evaluation. Im not sure what to make of it as im not sure it would be good for us unless our guys can turn it around. Any ideas?? Does anyone have any contacts at the company they can do a bit of digging?
Lets hope everyone has the same opinion as you.
Share price should double because of the interest shown by Lordy OBE. Share price should double as a result of Glasgow games. Share price should double as a spin off from Sochi. Share price should double as a fallout from regeeration macro economic corporate euphoria. Just my opinion of course.
Hi guys, it is a bit dead on here. Any ideas on where we can pinn sp next week?
Replying to Ged really as he mentioned your name but thought your posts calmer if thats the right word, got the feeling digging a big hole for myself here. it was a complement. Ged posts full of zest', hole getting bigger me thinks.