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Pinnacle Tech Share Price - PINN

Share Name Share Symbol Market Type Share ISIN Share Description
Pinnacle Tech LSE:PINN London Ordinary Share GB00B8GRBX01 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.38 -4.92% 7.25 7.00 7.50 7.63 7.25 7.63 140,405 08:13:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Software & Computer Services 8.4 -1.9 -5.0 - 4.29

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DateSubject
22/8/2013
07:26
tomster1: Quote : 16.75 0.0 (0.00%) @ 05:00HOME LSE LSE Pinnacle Telecom share pricePinnacle Technology Group PLC Pinnacle adding MVNO capability PrintTIDMPINNPinnacle Technology Group PLC22 August 201322 August 2013Pinnacle Technology Group plc("Pinnacle" or the "Company")Pinnacle adding MVNO capability to address expanding mobile opportunityPinnacle Technology Group plc (AIM:PINN), the AIM listed, IT Managed Services Provider, announces that it has entered into a Mobile Virtual Network Operator ("MVNO") agreement with Gamma Telecom Limited ("Gamma"), provided by Gamma's mobile network partner Vodafone.The MVNO agreement strengthens the Company's capability in the provision of mobile solutions, allowing Pinnacle indirect wholesale access to the Vodafone network via Gamma's unique position in the market as a Mobile Virtual Network Aggregator ("MVNA") provided by Gamma's mobile network partner Vodafone; this in turn should give a robust competitive advantage for the benefit of Pinnacle customers. MVNO status will bring Pinnacle incremental value and wholesale access and enables Pinnacle to integrate more cost effectively, mobile, fixed line telephony and mobile security as a service, which means that Pinnacle customers will enjoy seamless, secure, effective communications, bundled, supported and billed by Pinnacle.Commenting on the agreement Bob Falconer, Chief Executive Officer of Gamma, said: "Gamma and Pinnacle have worked well together for several years, we are therefore delighted to enter into an MVNO agreement with Pinnacle. The ubiquity of mobile use, and the proliferation of smartphones in particular, coupled with Pinnacle's broad customer base, position Pinnacle well for additional new business in the lucrative UK mobile market."Commenting on the agreement Alan J Bonner, Chief Executive Officer of Pinnacle, said: "As a Mobile Virtual Network Operator ("MVNO"), we will offer our customers more choice and flexibility of mobile services. We will also be in control of mobile pricing structures, customer service and billing, which will allow us to bundle for our customers, fixed-line, mobile and IT security as a service. As an MVNO, we incur no significant capital expenditure on spectrum or mobile licensed frequencies or infrastructure, neither will we need to embark on the costly and time-consuming task of building out extensive radio infrastructure, and with a relatively small percentage of our customers currently buying mobile services from the Company, the mobility market offers Pinnacle a very exciting opportunity for future growth." All Company announcements can be found at: www.pinn.uk.com For further information please contact: Pinnacle Technology Group plc 0845 180 7474 Alan J Bonner, Chief Executive Zeus Capital Corporate Finance: Ross Andrews 0161 831 1512 Institutional Sales: John Goold/Alex Davies 0207 016 8925 Newgate Threadneedle 0207 653 9850 Caroline Evans-Jones/Robyn McConnachie Notes to editorsAbout PinnaclePinnacle Technology Group plc (AIM: PINN) focuses on the business market across the UK. We 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.Broad experience, innovation and impartial expertise puts Pinnacle in best place to design and deliver cost effective new technology solutions for its customers. Pinnacle work with some of the most prestigious organisations in the UK, who rely on us to deliver robust technical solutions that deliver value.Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Cable and Wireless and Virgin Media. It has its own hosted voice (VoIP) platforms and engineers and owns Scotland's oldest ISP and a founder member of Nominet, operating from its data centres in Glasgow, Edinburgh and London.This information is provided by RNSThe company news service from the London Stock ExchangeENDNRAPGUGWRUPWGQG
29/10/2012
18:34
rougepierre: Thanks for your response George. Why do you have to make it personal, as you have many times before? Is it because you're embarrassed that AB hasn't dealt with these matters? So, let's have some facts: 1 I am not and never have been a Trader as you would understand it, which is why I've only ever had a L1 account here and have never shorted a share in my life. However, I have every right to take a profit when I don't think the share price is going to go much higher in the immediate future. I'm very glad I sold 3.3 million shares two weeks ago and I bought them back on Friday to support the share price. I have never held less than 12 million shares in PINN in the last two years. My holdings are included in TDW's holdings because they are in Nominee names. 2 Show me where I have criticised AB directly, other than by your inferring criticism when I ask legitimate questions that others also want the answer to. Why scour my posts for things you take personally when, for example in Post #6533 I said: "I have every confidence in AB to build a unique business proposition of scale..." I have always been polite to him in direct communication by email or through the Forum and never said a bad word about him. A pity you couldn't apply the same courtesy here... 3 What is wrong with having a rising share price? That's what good companies have. I have made perfectly clear in the past I shall sell some of my shares at 0.75 And if you don't want a rising share price, why did you twice post extracts from Barchart, including one where you specifically mentioned that it was a 80% buy... 4 "Is Alan Bonner supposed to pander to every shareholder who frequents a bulletin board, or should he ignore it ..." He doesn't even communicate through the Forum he set up for communications like we're having now. He hasn't even posted a copy of Friday's presentation anywhere, on any site or forum. You may have heard it, but we know absolutely nothing. 5 As I said, Threadneedle don't even list PINN as a client. 6 "RP said on this board that he wouldn't be going as he couldn't be bothered.." Where did I say that? I haven't been able to attend either. How many of the people on here turned up on Friday? 7 3 people want a trading update... barryrog 19 Oct'12 - 13:08 - 6337 of 6548 because their t trade has expired and they've got no money. as posted above anybody who has bought and paid for their shares is gonna wait for a trading update and the Investor presentation. sirraman 19 Oct'12 - 16:46 - 6339 of 6548 do we actually detect an actual upward trend in the share price chart at last....maybe trdaing statement and fireworks next week and PINN may atually move beyond 0.5p and leave it behind for good....;o)) hoveactually 19 Oct'12 - 18:29 - 6341 of 6548 i'm sure a trading statement will come out before the presentation. Karina 19 Oct'12 - 18:56 - 6342 of 6548 hove - It may be issued, but I have to ask myself when as well as if....If that is then followed the week/month after by a trading update then we have a band of happy new investors and ecstatic LTHs. rougepierre 20 Oct'12 - 09:03 - 6344 of 6548 edit He has to put out a limited trading statement and then flesh it out on Friday otherwise the price will slide. MIKE THE GOLFER 20 Oct'12 - 15:00 - 6350 of 6548 That's not to say that we don't need regular RNS's and a trading statement when appropriate. tailgunner2 22 Oct'12 - 20:05 - 6369 of 6548 Starting to look like a anti climax guys........come on AB...make with the update b4 Friday......or we'll be like a damp squib...Sorry to so abrupt, but the wider market needs some numbers.....surely you must see that??? hoveactually 23 Oct'12 - 07:54 - 6372 of 6548 re the discussion on a trading announcement prior to the presentation i would have thought that the guts of the presentation itself would be to tell the audience exactly how the Company was performing. potential investors are focused on revenues/profits/growth prospects which is why its inconceivable that this info wouldn't be in the public domain when AB gets up to speak. LOOK ALIVE 23 Oct'12 - 09:46 - 6377 of 6548 It increasingly looks as if there won't be a trading RNS in which case AB will be unable to give any figures in his presentation on Friday. This is going to be a big disappointment to many. barryrog 23 Oct'12 - 17:49 - 6393 of 6548 GEORGE, people want a positive update before Friday because that leaves AB free to elaborate on that update in more detail and thereby attact more investors into the Company which is surely the whole purpose of presentation. a regurgitation of whats already in the public domain simply isn't gonna do that. as for spiking on a positive update and then retracing as traders take short term profits it wouldn't retrace if the story on Friday is good enough to generate the momentum buying needed to prevent that from happening. Scargs 24 Oct'12 - 10:46 - 6402 of 6548 I would like to have a trading update this week, prior to 15.15 this coming friday the 26/10. Karina 24 Oct'12 - 10:52 - 6404 of 6548 Any time AFTER Friday for me please RP. Wilba 24 Oct'12 - 08:08 - 6397 of 6548 Watched the board and not commented for some time as all the issues have been discussed. Points that are pertinent to my own reasoning are; 1. I note LA has acquired 19M shares and it is a fact that he is a trader so expect at least those numbers to be traded. 2. Traders are not a problem as this adds liquidity. 3. Why is AB talking only to individuals whilst the forum has zero activity. 4. The Stoke meeting was cancelled in preference of the London presentation. Why? Did Alan not think that the meeting would be beneficial? 5. The communication albeit non RNS obviously showed positive effects. 6. A trading statement is still the most requested information by PI's. 7. Whilst a London presentation is good, Alan has done these before. What i am interested in is what progress is PINN making towards £50M and the profit forecast against it. Kerrie3 24 Oct'12 - 10:56 - 6405 of 6548 i think a trading update is warranted and not just as a forerunner for Fridays presentation. Having spent most of my working life in finance i simply don't accept that small listed companies take many months to issue their results after they close their books. if they are incapable of producing them in a timely fashion the least they should do is provide a summary of what people can expect in the final numbers. lets face it by the time they are released,( in PINN's case history suggests nearly 5 months) they are too far out of date to have much relevance to the current position. Kerrie3 24 Oct'12 - 10:56 - 6405 of 6548 i think a trading update is warranted and not just as a forerunner for Fridays presentation. Having spent most of my working life in finance i simply don't accept that small listed companies take many months to issue their results after they close their books. if they are incapable of producing them in a timely fashion the least they should do is provide a summary of what people can expect in the final numbers. lets face it by the time they are released,( in PINN's case history suggests nearly 5 months) they are too far out of date to have much relevance to the current position. cgod 24 Oct'12 - 11:51 - 6411 of 6548 You will not get an up date by Friday, yes we would like one... sweepie2 25 Oct'12 - 12:34 - 6438 of 6548 Probably would make sense for a trading statement either next Tuesday or Thursday, just as the wave of interest from tomorrows presentation starts to pass. sweepie2 26 Oct'12 - 07:24 - 6462 of 6548 Also can make a profit at a very competive price to the customer, could it not get rolled out at every major event which PINN covers which currently has poor broadband coverage? Will watch closely this afternoon, could be a good day, trading statement next week imo Wilba 26 Oct'12 - 07:28 - 6463 of 6548 Sweepie. A good trading statement next week would really get Pinnacle on track. Regards. rougepierre 26 Oct'12 - 19:11 - 6511 of 6548 edit Someone's got to go into bat for those of us who want some financial news and a rising share price that doesn't keep sliding back through benign neglect... Why wouldn't everyone on here want anything possible to be done to get this share price up rather than our regular buys supporting it...? reallyrich 26 Oct'12 - 19:23 - 6512 of 6548 Totally agree Rp theuniversal 27 Oct'12 - 18:45 - 6524 of 6548 rusty every shareholder has a right to there say. alans a big boy he can take it. ive had mine. if he reads this post great if not then fine.it wont change the fact that frequent possitive rns does help to support and up the share price accordingly. im with rp on this one. pukeho 29 Oct'12 - 16:11 - 6538 of 6548 I think RP you have asked some very good questions. I hope you get some replies to them shortly. Good communication is the key here - which appears to be lacking at present. Keep your chin up. rusty9717 29 Oct'12 - 16:20 - 6540 of 6548 Afternoon RP. Very Q in here today. Some well constructed posts with some very valid and pertinent questions. So that's: barryrog sirraman hoveactually Karina Mike the Golfer tailgunner2 Look Alive Scargs Wilba Kerrie3 cgod sweepie2 reallyrich rougepierre and possibly a couple of others there, who were either wanting or expecting a trading update. Now whose name is missing.... Maybe these posts give us a clue why..... GEORGE57 25 Oct'12 - 16:13 - 6452 of 6548 I have been selling a few shares elsewhere recently sweepie to buy more here, i didn't think the T traders and chancers would let the MMs down, and once again they have been obliged. I dared to hope of course.. You will see support i reckon at 0.35 ask or thereabouts. Thats when i will add anyway. And... GEORGE57 23 Oct'12 - 11:13 - 6386 of 6548 To be absolutely clear: I dont give a toss whether people buy or sell. I dont care if their T trades are about to expire, and i dont care if the share price goes to 0.3p again. Fascinating..... In conclusion, if you want a trading statement and the share price up you're a trader... Which means if you want it static or down you are subscribing to the Pinnacle charitable trust.... Have a good one guys...signing off...
28/7/2015
11:20
lachlan macquarrie: Pinnacle Technology Group PLC Statement re Share Price Movement Share On Facebook Print Alert TIDMPINN RNS Number : 2936U Pinnacle Technology Group PLC 28 July 2015 28 July 2015 Pinnacle Technology Group plc (the "Company") Statement re. Share Price Movement The Company notes the recent increase in the Company's share price. The Directors confirm that they know of no reason for such price movement. For further information please contact: Pinnacle Technology Group plc Nicholas Scallan, Chief Executive 0208 185 6393 N+1 Singer (Nominated Adviser and Broker) Ben Wright Richard Salmond 020 7496 3000 Beattie Communications Chris Gilmour David Walker 0844 842 5490
28/7/2015
15:32
guppys: Today's RNS can't be seen as the same as CTP's RNS on the 28/10/2014... ...in that todays RNS was the 1 standard line... ...and CTP's RNS began in a similar fashion but importantly continued to allude to the fact that things were happening in the background and so they left the door open for an RNS soon after...a couple of days later in fact. Importantly, it looks as if the door is closed and locked for the foreseeable. >>>> 28 October 2014 Castleton Technology PLC ("Castleton" or "the Company") Statement re Share Price Movement The Company notes the rise in its share price since 21 October 2014 and confirms it knows of no reason for such movement. In line with the Company's stated strategy of building a public sector focused IT managed services business, the Directors are currently in discussion with a number of potential acquisition targets and one in particular which may or may not lead to a transaction in the near future. Were discussions with this particular company to result in a transaction, the Company intends to finance any cash consideration due via an equity placing. Further updates will be made as and when appropriate. >>>> 28 July 2015 Pinnacle Technology Group plc (the "Company") Statement re. Share Price Movement The Company notes the recent increase in the Company's share price. The Directors confirm that they know of no reason for such price movement. >>>> As you say Chimers, I can't understand how they can have that RNS today and then follow-up with another RNS mentioning a deal/acquisition...atleast not anytime soon or else as you say the release of today's RNS becomes questionable at best. AIMHO DYOR
10/4/2013
09:31
charlie129: the Pinn share price is not important because they will not want to buy anything because they will be concentrating on getting real value from the 3,000 - think about it - a high share price is only important if the company wants to sell out or they want to buy a company for shares otherwise the price is not important
18/8/2015
15:54
chimers: HYBRIDAN'S Broker BUY recc If the proof of the pudding is in the eating, then it is fair to say that Pinnacle’s pudding is not quite out of the oven; but by the time this pudding has been served up and eaten, the share price may well be a multiple of where it is now. So rather than sit at the table, spoon in hand, it might be helpful to have a look around the kitchen and meet the new chef. Pinnacle’s new chef, or rather CEO, Nicholas Scallan, picked up the reins in March 2014. Having initiated and completed a wholesale operational review, he has since been working hard to implement the resultant strategy to turn around Pinnacle’s businesses. As with all turnaround situations, the anecdotal evidence of progress comes several quarters before the financial evidence. However the interims to March 2015 – which were published a few weeks ago- are already showing some very promising green shoots. Revenues for the half came in at £3.99m, down 6% on H1 2014, but the loss for the period was reduced by 52% to £520k; and this included £300k of exceptional costs. Gross margin remained around the same but operating expenses reduced by around 27% (vs H1 2014) to £1.79m. However there has not been a slash and burn cost cutting exercise. The closure of the Pinnacle Data Centre is nearly completed. This will be a sensible saving, allowing data to be moved to larger and more secure third part centres at the same time as saving costs; which growing benefit is only partially realised in these numbers. Similarly the ‘Easynet’; agreement has provided a highly secure, scalable and value-added connectivity service whilst also giving cost savings and improved customer services. Rather than cost cutting there has even been increased investment in sales and marketing to support new client acquisition. This combined with a re-balanced sales model, to encourage cross-selling and up-selling into existing clients, is just beginning to yield fruit.
26/10/2012
18:02
rougepierre: Hi MJ It's known as 0.356 "for choice". The theoretical basis is that one MM has a long position and another has a short position and certainly in bigger market cap companies it is not unusual, but not that often either. On the SETS system, where quotes are all electronic, you can even have a "backwardation" where one MM will sell you shares below the price where another MM will buy them. These "choice" prices and "backs" normally only survive for a matter of seconds and certainly no more than a minute, because either sharp traders will take out the arbitrage, or the MMs will sort it themselves. However...to have a choice price in PINN at 0.356 when the spread is typically between 7 and 25% smacks of some "co-ordination". I take it it didn't last long, however I was delighted to take out all the size at 0.37, because I suspected that the 0.356 was just a nominal price for a short period with the MMs not knowing which way the share price would go next and effectively inviting the investors to indicate for them... Not surprisingly it will be up, unless the lack of a trading statement (which in my opinion is a massively missed opportunity) leads to share price drift again and people panicking that they may have to wait months for any financial news, so why hold on while your shares are going down.... What PINN doesn't seem to get is that as Clive's graph shows above, the shares, their 20 day and 50 day MA have been firmly above the 200 day MA. This is major for any share price. If the share price drifts for many more days on lack of news, the 50 day will drop below the 200 day and the not insignificant number of people who use charts as well as fundamental and technical analysis, like myself, will see this as a sell signal. Then, because we have probably 100s of millions of shares between us, any selling will drive the price down and make more money for the MMs. AND HERE'S THE KEY POINT: Because of the lack of a Trading Statement and the consequent drift due to waning interest: British Bulls have the share only as a Hold, which will probably turn to a Sell early next week; and, Barchart, which George correctly reported had PINN as a 80% Buy a week ago, it fell to 60% by Wednesday and it is now only a 16% Buy. This is what I mean about people who don't care about the SP, don't care about us and don't have the first idea how to manage the share price to create long term shareholder value. Don't say you weren't warned. Remember, on 16 September 2009 the share price was 0.42, that is 3 years 1 month ago and yet people on here say "I don't care if the share price goes to 0.30..." If the share price holds up, remember one of us bought 3.3 million this afternoon... Have a great weekend all...
28/7/2015
11:09
guppys: Due to this... 28 July 2015 Pinnacle Technology Group plc (the "Company") Statement re. Share Price Movement The Company notes the recent increase in the Company's share price. The Directors confirm that they know of no reason for such price movement.
27/7/2015
13:02
chimers: at Pinnacle’s pudding is not quite out of the oven; but by the time this pudding has been served up and eaten, the share price may well be a multiple of where it is now. So rather than sit at the table, spoon in hand, it might be helpful to have a look around the kitchen and meet the new chef. Pinnacle’s new chef, or rather CEO, Nicholas Scallan, picked up the reins in March 2014. Having initiated and completed a wholesale operational review, he has since been working hard to implement the resultant strategy to turn around Pinnacle’s businesses. As with all turnaround situations, the anecdotal evidence of progress comes several quarters before the financial evidence. However the interims to March 2015 – which were published a few weeks ago- are already showing some very promising green shoots. Revenues for the half came in at £3.99m, down 6% on H1 2014, but the loss for the period was reduced by 52% to £520k; and this included £300k of exceptional costs. Gross margin remained around the same but operating expenses reduced by around 27% (vs H1 2014) to £1.79m. However there has not been a slash and burn cost cutting exercise. The closure of the Pinnacle Data Centre is nearly completed. This will be a sensible saving, allowing data to be moved to larger and more secure third part centres at the same time as saving costs; which growing benefit is only partially realised in these numbers. Similarly the ‘Easynet’; agreement has provided a highly secure, scalable and value-added connectivity service whilst also giving cost savings and improved customer services. Rather than cost cutting there has even been increased investment in sales and marketing to support new client acquisition. This combined with a re-balanced sales model, to encourage cross-selling and up-selling into existing clients, is just beginning to yield fruit.
28/7/2015
13:06
chimers: So lets make this all clear then The Directors and Scallan in particular as he signed it off are stating publicly that they know no reason as to why the share price should be rising. HEY SCALLAN , WE assumed you were working to build a company here and thought it would be worth something ? BUT YOU ARE SAYING ITS NOT !! OK , but also if THE DIRECTORS know of no reason that MUST MEAN they are not discussing ANYTHING with ANYONE re a deal or joint venture or acquisition etc. So apart fro anything Scallan has just publicly called the Chairman a LIAR!!? Hmmmmm It also means and lets be fair and reasonable that if they KNOW NO REASON then we can all expect and assume NOTHING is expected nor on the horizon for at the very very least a MONTH ? 2 MONTHS ? So if they release any new news then this RNS is a lie yes ? Such an RNS as todays can in fact be a clear statement that PINN is not doing anything at all of note and nor will it be for the foreseeable. That is what that HAS to mean as by definition if they see no REASON for the share price to rise then there MUST be NO reason. Gosh.............I had expected them all to be doing what they said they were doing in the CHAIRMANS STATEMENT. So on that bombshell!!!!!!!!!!!!!

Pinnacle Tech Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 15,000 7.40 03 Sep 2015 11:33:10 GBX


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