Member Info for Aphrodite

Of course it matters. If they post something as fact and it is untrue then it is deceptive to other users. I am checking, but getting no response from the poster concerned, then you pop up. You appear another name inclined not to ask what this so called favourable news is. There is something almost unreal here - and what happened to all the main cheerleaders giving it such gusto. All gone and a new lot of names. But thanks for trying to close that down.

Can nobody assist here? It's been stated as fact by Jayfella that there will soon be a brokers note. I ask what the source for that is. No reply. Thanks Jimbo, but what are the facts. It's been stated as fact by Jayfella that there will soon be news here which will please posters. I ask what that's about. No reply. What's going on here. Is nobody else posting here interested to know, and ask. Seems reasonable to ask. This is not a deramping post. Seems a bit rum.

Hi Kezzman You seem well informed on this one. Can you assist re. where info. came from saying we expect a broker note and when. And what this news is anticipated soon. Thanks

I think that's right. There'll be people locked in between here and 5p plus regretting they ever heard of it, with the only foreseeable news a fundraising, bearing in mind the amount of cash they need to work this into a £100mil company, just to make the down payments and the rest of it. And pi interest at this price is disappointing. There's the EU vote and the maybe possibility of a Brexit, and BHRD is talking of business in the US and Europe. I think this will affect short term interest, and looking to the future should there be a global downturn then investors will be concerned about a retrenchment in the commercial world, where historically customer companies look to make savings in house, and excessive advertising spend is historically one of the areas they can save upon. Don't know about dark times - Martin Sorrell speaks of grey ones.

It's a bigger holder selling anyway, whoever it is, and at an early stage. Plainly sees no upside in the short/medium term. At best it's a punt and a very long term one at that, with a necessity to keep tapping the market for funds to follow their long term plan.

Nigel Wray been propping the price up.

What was that? Confidence seems to be decreasing as time passes.

Investors should consider the implications of future fund raising, bearing in mind the really poor take up under the broker option.

It's had it's very quick and premature day in the sun on the back of a ramp, and the sensible ones got out. Long, hard struggle now, Today's reaction shows investors are worried about future funding. And with good reason. It's too underfunded for it's ideas above its station.

He's at Castleton mate. You'll catch him there. Not good news today though, was it?

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.

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

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.

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.

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.

Willing of course to be corrected, but record date for open offer was 5.30pm yesterday.

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.

Thanks Badell. Jingle Bells!