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I am pleased we see this share in a similar way. I always find reinforcement in your well balanced posts. I expect it to establish itself at this level this week. Of course there is a chance it could jump a couple of pence straight away as people fear they are missing the boat. But consolidation will happen here in the end and we will move on. Lovely.
At least all the bad news is out there now and this remains a work in progress. They plan to address the drag of some legacy issues, whilst at the same time embarking on a buy and build. They have enough working capital for 12 months, and during that time onw would expect the management and MXCP to make significant progress, Further funding will obviously be required as they make acquisitions. A longer term proposition, undoubtedly, but I'm optimistic of success.
Absolutely, there are so many ways to play this. None of them prove to be wrong as long as in the end you don't lose money. I'm hoping that holding will be enough but all investments are welcome as we've seen before when people come in on the lows and go out on the highs it still offers a catalyst for interest and in turn consolidation at every level. Love it.
Yes Aphrodite I believe you are correct with regard to the open offer. Personally I invested after that date and also see this as a long term hold. I expect PINN to follow a similar path to CTP where I have a large holding. This I hope will be another profitable buy and build of course. I also planned to come in after the enevitable placing.
hi, best wishes, i hope you do well, there will be so many ways to play this.
Yes. If merit is seen in the previously bullish comments generally previously posted here, then the question is plainly one of timing alone for those seeking an entry point. Hence my first tranche here with options open for later.
hi aphrodite, i think you are correct. if agreed the new shares will come onto the market around 11th feb ( private investors will get their shares probably swiftly if with hg or may have to wait longer if with barclays, ig, ii etc. i think this will work out well in the long run and i will be deciding if and when a good time to buy, usually after the shares are released into the market.
Willing of course to be corrected, but record date for open offer was 5.30pm yesterday.
i guess many were buying today to be part of the open offer, it bit like when coms announced their one. i guess the price will now drop rather quickly day by day. usually good time to buy at some point after the dilution has taken place. remember the big boys get their oo shares to play with before the brokers release their ones to the pi, hope it works out for all though.
I have waited for this placing and bought my first tranche today. Surprised at a placing below 6.5 and the speed at which the price returned to the 9p. mark. Have no idea what investors may make of the price now, but should it retrace I shall buy more. There appears to be substantial investor interest to this point, and a benchmark may now have been set. Investing on the basis of MXCPs now 25%, and their proven turnaround, buy and build, and M and A expertise in the sector. I see this as a long term opportunity at this price, but of course time will tell.
Well done to those who took profits over 15p on the spike , however an exit now at around 9p is still likely to be preferential to what might be achieved in a week or twos time. All the best, whatever you decide.
back of the drawer type share now
Screwed but alive and kicking, future is looking a little rosier imo
A lot of people paying £20 pound notes to get fivers. Bubbles always burst and this one will burst. Nobody values coal at gold prices. Good sense will prevail.
That's fine, apology accepted and yes, the placing has been done to benefit the few..
my previous post should have been titled stroker
I do not think it makes sense to fill this board with alot of"I said this" and "you said that", most appreciate that AIm moves very quickly and that peoples opinions change with it, that is each investors perogative, my view at 10p was yes the share had further to go and would continue in an uptrend, no time scale given at that point, I expected a period of consolidation around that price, I watched it getting overheated and it started to send out signals that it was going too high too soon. That is why I tweeted re possible placing. OK...I apologise for my initial post that attracted your response.. we certainly agree on the greedy placing that has taken place, it should have been the 8p to 10p you mentioned.
I put my hands up. Imo everything pointed to a very positive outcome and why would you do a premium placing to then do a discounted placing?. I've never seen the likes of that and once again greed of management has been put before the need of investors. Look, at the end of the day these things happen and it's not nice. I take a small amount of pleasure in the fact that I did call this at 5.88p and it's still a whopping 80% up on that. In the same breath, not nice for those who paid above 11p but I think they will be OK longer term. That placing should have been done at 8 to 10p. Really no need for what they done and yes the markets have been bad but not on that scale. This was pure unadulterated greed.
Unbelievable, i said a placing, at substantial discount, and the was shot down. This is worth a lot less and you know it. At least your man enough to show your face.
Man up and apologise. Coming on here looking to take the moral high ground and bashing me when you were touting 10p as nothing and it has miles to go. Own it son, it's yours, you said that. I accept my part in in calliing this at 5.88p and being bullish up till 17p due to the facts avilable at the time.
No, Not so full of myself. I'm here to take it on the chin. You're trying to wriggle free and leave that stank at my door. What I'm saying is you are displaying double standards. In the tweets below you are clearly saying 10p is nothing. it will do more than 10p and you encourage people to do the research in order for them to see the value you are talking about. I assume that was the same value I was talking about? Yes, if you compared PINN with CTP there was scope for a huge re-rate but when the bod come out and place at 4.2p that kind of changes things no? is that my fault? no. I'm posting here because your trying to ride me over comments I made when you were at it yourself? I never came on here to belittle you but you think it's fair to do so to me? You were calling 10p cheap...that's the bottom line. Don't try and say different. We all knew there would be placing so that wasn't your brainchild either. 9 Dec 2015 #PINN keeps on goin..no one wants to sell..10p this afternoon...this just the start of a long uptrend...mark my words..just do the research. Then #PINN mentioned on 2nd and 3rd Dec @ below 7p.... today 9/9.50p... this is just the start..accumulate on weakness
of course with you we get bits and pieces that suit, I notice you have NOThighlighted my tweet of the 15th December... #PINN expecting it to take a breather from here and always the chance of a placing to fund any aquisition...careful as you go. post by stroker 15th December on LSE Again, using the pinn v ctp ref PINN should be 35p to 40p if you base on CTP So that's a big difference and it shows you clear value. I do not want an argument but you are so full of yourself it is unbelieveable, read my tweet ..I actually warned people "there may be a placing"
People are paying over twice what professional intitutional investors were prepared to pay. This is madness. Add to that the results which shows they have been going backwards not forwards as promised in previous RNS.
Why are people buying this right now ? If the private instis wouldnt come onboard at anything higher than 4.2p then thats what its worth 4.2p. They clearly had trouble raising the funds in the current climate which is not surprising. 4.2p was the most they were willing to come in at so thats where this is valued and set at. I would wait and allow the dust to settle buying now is lunacy in my opinion. I have held Pinn from years back but sold when it rose to 15p recently but still at a loss for me.
Looks like double standards pal. tut tut. it appears back in December you were a naughty little bull but your now the innocent little lamb? running from the big bad wolf? tut tut. cityal60 ‏@cityal60 7 Dec 2015 #PINN mentioned on 2nd and 3rd Dec @ below 7p.... today 9/9.50p... this is just the start..accumulate on weakness. cityal60 (@cityal60) | Twitter twitter.com The latest Tweets from cityal60 (@cityal60). Part time investor shares some of his stock choices in small and mid cap quoted companies, educational and fun, not meant ... Then 9 Dec 2015 #PINN keeps on goin..no one wants to sell..10p this afternoon...this just the start of a long uptrend...mark my words..just do the research. I made a call based on what was out there son. I stand by it. They placed at 4.2p having done the previous at 6.5p premium at the time? how was I or anyone meant to know that would happen? there was no reason for that other than greed and the desire to line eachothers pockets. Incidently, the share price is still higher than when I said it was a buy @ 5.88p. I also made my position clear back in december.