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As suspected this is starting to move up on anticipation of news. 12p target based on the charts and Zak mir fancies a re-test of the recent highs. If we get news at any point during the re-test it will push us up and through all previous highs very quickly. Can't go wrong at these levels imo.
Had a look and it all looks very possible but atm the it going nice and steady and that's for the good of all holders. Once news comes a more significant rise will be easier to maintain and maybe even get back to the glory days of 20-25p if MXCP can weave their magic wand here the same as they done with CTP.
Should see a continuation of the volume and rise from last week and hopefully news this week to move us on. MXCP appear to have tied up business with CTP and they will now do their own thing so attention can be focused on PINN.
A lot of progress made since then. Holders could well be in for a good return as news contracts will have been driving pinn forth with gusto.
Pinnacle Technology, the IT managed services group under new management since last year, has more than halved its first-half loss to £520,000. It has also appointed as a non-executive Simon Duckworth, who has sat on the boards of investment trusts and AIM-listed companies and is the senior non-executive at the Serious Fraud Office. Revenues were down from £4.26million to £3.99m while recurring revenues held up at 87.6 per cent which the group said offered "a strong base for future growth". Pinnacle strengthened its balance sheet during the period raising £560,000 and it signed a partnership deal with O2. In April its shares rallied 30 per cent on a further fundraising worth £860,000. The last full year loss fell from £2.44m to £1.95m under chief executive Nicholas Scallan who arrived in March 2014. The shares were unchanged at 7p.
http://www.simonduckworth.london/index.html It all points to security for PINN
Pinnacle Technology Group has created a new centre of O2 sales excellence which it believes will strengthen its mobile and digital communications offering. The IT and communications service provider – which has offices in Glasgow, Stoke-on-Trent and Northampton – announced its exclusive digital partnership with leading mobile provider O2 earlier this year. Pinnacle was appointed a partner to provide tailored business to business mobile and security solutions and assist O2 in enlarging its digital capability. In taking the new products to market, Pinnacle has developed its sales operations through the recruitment of an experienced and fully accredited O2 team that it expects will further enhance its position as a front runner in digital strategy. The five-strong team, all based in Pinnacle’s Glasgow office, will drive the delivery of innovative and efficient mobile solutions for business, from SIM-only to full mobility offerings, including tailored tariffs and contracts. It will also be highlighting the wide benefits of its in-depth business apps offering, helping organisations to work smarter, faster, and more efficiently - including collaborative working tool Box, Windows Intune for the easy enablement of BYOD with mobile device management, and Just Call Me for cost-effective conference calling anytime, anywhere. In servicing Pinnacle’s client base, the team is able to draw on 35 years of combined experience, opening up exciting new opportunities to the business. While the focus is on O2, the team is also accredited in the likes of McAfee internet security and Office 365 online business software, ensuring fully integrated solutions. Through its O2 partnership, Pinnacle is able to further provide wide digital benefits for business, enhancing smart working, promoting business growth, and increasing the customer experience. Pinnacle Technology offers a wide range of Managed IT Services, IT Security, Connectivity, Mobile, Telephony and Infrastructure services. It focuses on providing the latest cloud and on-premise technologies which are provided as an integrated offering to the SME market and more broadly to the mid-market and public sector. Pinnacle Technology Group CEO Nicholas Scallan, said: “With technology helping us to achieve more on the move and the concept of ‘the office’ being an increasingly fluid one, work is no longer somewhere we go; it’s something we do. “Effective mobile communications across a variety of devices is key to smart working, and what we have created as part of our partnership with O2 will enable us to deliver the best, most effective solutions for each business, ensuring higher productivity, enhancing the customer experience, and realising a significant competitive advantage. “It’s also an exciting step forward for Pinnacle as we continue to make progress towards selectively enlarging our integrated offering and, in turn, meaningfully develop
Yes, it's actually quite a encouraging statement from mxcp that they think this will one day be a mid market sized company. It's only got a £4 mill Mcap right now and that means there is a massive growth ahead to become even a £30 mill Mcap never mind mid market. In the near term a £12 mill Mcap is very achievable and is still absolutely nothing considering what they are doing and hows all involved here. One day soon mxcp will bring pinns first acquisition and it's going to change the landscape here.
Makes sense that he is driven and focused on Cyber security, Look at his CV: Simon Duckworth Non-Executive Director Simon Duckworth, OBE DL, holds a number of non-executive positions in the public and private sectors and is currently Chairman of Barings Targeted Return Fund and the senior non-executive Board Member at the Serious Fraud Office (SFO). He was a non-executive Director of Fidelity's flagship European Investment Trust, Fidelity European Values plc, for a decade, and has sat of the Boards of a number of AIM listed companies as a non-executive director. Simon was a non-executive director of Accumuli plc from 2010 until its sale to NCC plc earlier this year. A Cambridge University graduate, Simon is a former Chairman of the City of London Police Authority and currently chairs the Economic Crime Board of the City of London Police. He worked closely with the Home Office as Chairman of the National Olympics Security Oversight Group and is a non-executive director of the Association of Police and Crime Commissioners. Simon is one of HM's Lieutenants for the City of London and Deputy Lieutenant for Greater London. He is also the Honorary Colonel of the Royal Military Police and holds a number of other public and charitable appointments.
IT Security Visibility, Control, Optimised Security At Pinnacle we understand that every customer is different and that a one-size-fits-all approach to security doesn’t work. That’s why we work with you to address your security challenges and support your business goals. We listen to the issues you are facing and select the products and services that will best fit your requirements. With many top tier accreditations and years of experience, we can provide tailored solutions that fit you and your budget. Working with the world’s leading IT security vendors to offer products, deployment, training, support and managed services to help customers address their security challenges. Rather than stifling businesses with unmanageable security, we give them the freedom to work when they want, how they want! Our approach is to help you to achieve the three main goals of consolidating, simplifying and reducing TCO within your existing IT security infrastructure whilst proving you with greater visibility across the business, ensuring a return on investment and helping improve operational efficiencies.
You mentioned the cyber security in your post last night and I didn't realis the Baxter contract was basically a Cyber security contract by definition. If PINN are going down this road as Accumulia did under the guidance of mxcp then that's a very good sign. The next acquisition will be very telling and if Cyber security is on the agenda then we may well see some disposals here too? I would assume mxcp will be best placed to judge of course but that would be a logical thought. This is from the Baxters RNS Pinnacle will unify its operations, reducing costs through simplification and increased visibility, while utilising a single pane view across multiple applications and environments that will provide important data insights on performance going forward. Pinnacle will implement advanced anti-virus, anti-spam, malware protection and harmful internet content monitoring solutions on Baxters' behalf, all of which are expected to significantly increase its business efficiency. Pinnacle's Business Development Manager, Ian Stoddard said: "We are excited to be providing those solutions to Baxters, providing it with the simplest and most cost-effective way to protect its data from digital threats. "We believe our solutions will promote increased efficiency, ease-of-use, and peace-of-mind during a period of major transformation for Baxters." Pinnacle CEO Nicholas Scallan, said: "This agreement is another demonstration of our on-going commitment to offering clients a level of security and peace-of-mind that will significantly enhance their organisation by allowing them to focus more energy and time on building a sustainable and successful business. "Cutting down on hardware deployment and configuration tasks through the cloud means more time can be spent on meaningful security tasks - assessing, monitoring, and remediating issues in real time."
Only £4 mill, room for three times that once the news flow starts working through and even a £12 mill Mcap isn't a lot to justify when looking at how others in the sector are performing. Still need to see some more solid contract wins but to date 02 and Baxters contracts are very positive and will help to grow the Mcap when they start to filter through.
Just looking in on MXCP to add on from my earlier post and their website has been updated and they had this to say about their strategy and about pinn: We are focussed on building two complementary investment themes. First, we are creating a small number of principle investments – probably around eight of them - that are quoted platforms for growth by acquisition. These businesses either are or hopefully will become significant businesses in their segments with upper quartile ratings and capitalisations approaching the mid-market. We are also building a number of high potential, highly desirable, smaller investments that are fast growing and probably first generation managed. We hope these businesses may become quoted or may in due course have a better future under different ownership. We will actively manage these businesses in partnership with their management, seeking to build value quickly. The size of MXC’s interest in its investee companies may change and the statistics in this section will be updated at the beginning of every quarter. Pinnacle focuses on the business market across the UK. Driven by leveraging organic opportunities as well as through targeted acquisitions, Pinnacle provide a wide range of converged managed solutions including Managed Support Services, Unified Communications and Collaboration, Communications and Mobility, Software as a Service (SaaS) and Infrastructure services.
They appointed Simon Duckworth. They did a similar thing with coms before they handed the reigns over to DB. If you right about no placing then getting in a the same price as intis and MXCP is going to be more than worth a punt. Need a bit more meat on the bones for me but I do know MXCP can deliver and since they have not played their hand yet I will reserve further judgement.
Will give PI's a chance to make money if 5p holds but it depends how many shares they create. If they double what's in circulation then I don't think the 5p level will hold. I expect news of a placing one day next week and will wait to see how much dilution is attributed. Not one for the faint hearted at these levels though/
Is the most likely outcome. They need a lot of money thrown at them imo
If not I'll post in dutch till it does. This is about to blow and it's been threatening to do so for some time. Getting very close to massive news and it's the only real value stock on AIM imo.
This ones ready to pop and it will happen when we least expect it. Getting in now and holding what you want is the way forth. Once it moves for real it won't be back at these levels again. Keep in mind owners were buying these at £1.15p and above and have stated their desire to get that back.
Thanks Jay, 45p before the news lands is a great base to start from. It could easily double up from there on news of our first deal. £21.5 mill in cash and no debt means CSI could multibag with ease. With deals on the table and being assessed it won't be long till the best deal is done and dusted.
Agree with both of you and next week should be a strong week as we start to move in to a more positive flow of volume and there's a very high chance of news on Monday MM were zipping this up and down trying to get stock and they always do that prior to big news..