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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pinnacle Tech | LSE:PINN | London | Ordinary Share | GB00B8GRBX01 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.875 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.875 | GBX |
Pinnacle Telecom (PINN) Share Charts1 Year Pinnacle Telecom Chart |
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1 Month Pinnacle Telecom Chart |
Intraday Pinnacle Telecom Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/5/2017 | 08:42 | PINN & MXCP Combined = Huge Growth Stock | 1,115 |
| 25/1/2016 | 12:17 | Expose | 165 |
| 10/12/2015 | 09:41 | PINNACLE TECHNOLOGY - NEW CEO from VIRGIN MEDIA - BIG GROWTH POTENTIAL | 391 |
| 23/5/2014 | 16:05 | PINNACLE TELECOMS – Analyst Target of 0.95p, before they won the Olympics……. | 10,303 |
| 19/5/2014 | 08:21 | PINNACLE Telecom - dot commery retread and they've now LOST the Olympics | 199 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 01/7/2016 07:09 by chimers Never forget the money. |
Posted at 01/4/2016 16:54 by twodegrees Pinnacle Technology Group plc (AIM: PINN), the AIM listed provider of converged technology solutions, announces that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.As announced on 22 January 2016, Nicholas Scallan, Chief Executive, and James Dodd, Non-Executive Director, have today both officially stepped down from the board of the Company. The board thanks them for their contribution to Pinnacle through what has been a challenging period for the business. |
Posted at 29/2/2016 16:45 by scargs A 4.6% increase in the share price on the back of a few trades amounting to just over 6,000 shares.Weird!!!!!!!!!!!!! Scargs |
Posted at 25/1/2016 23:47 by freddie01 Pinnacle just getting started with double buySME provider swoops on Leeds-based VARs Ancar-B and Weston The channel's newest buy-and-build outfit, Pinnacle Technology, has acquired its first two resellers – and is on the lookout for more targets with £2m to £5m revenues. Pinnacle says its acquisitions of Leeds duo Ancar-B and Weston represent just the opening gambit in its strategy to consolidate the "highly fragmented" market for SME-focused IT services providers. The acquisition drive is part of new backer MXC Capital's strategy to refocus Pinnacle and return it to profitability. Having invested in the London-listed telecoms, IT services and security provider outfit last April, MXC is leading a £4.5m placing of new shares to fund Pinnacle's purchases of Leeds-based duo Ancar-B and Weston. MXC has a pedigree of investing in loss-making resellers and services firms before using them as the basis to execute a successful M&A roll-up. However, annual results released on Friday underline the scale of the challenge MXC faces at Pinnacle, as the firm's net losses for the year ending 30 September hit £1.3m on revenues that fell to £7.9m. It was also announced that Pinnacle CEO Nicholas Scallan intends to step down in March. The first two acquisitions, set to close on 11 February, will add almost £5m to Pinnacle's turnover. Ancar-B, which is being acquired for a consideration of £3.5m, is a Leeds-based provider of IT support services to SMEs with revenues of £2.2m. Fellow Yorkshire-based business Weston is a provider of telecoms and IT support services to SMEs, councils and universities and has revenues of £2.8m. Pinnacle is buying it for £1.5m. The two firms will create a hub for centralised support functions, Pinnacle said. The price is right The firm said it will continue to review future acquisition opportunities, adding that companies with £2m to £5m revenue, 50 to 60 per cent recurring revenue and local offices and support centres that can be streamlined top its hit list. Opportunities in the north of England will be viewed favourably in the short term, partly due to labour costs, Pinnacle said, although it added that in time it aims to have a national presence. For its fiscal 2015, Pinnacle saw net losses narrow from £1.8m to £1.3m year on year on revenues that fell six per cent to £8.4m. The firm said its ongoing losses and cashburn – which it attributed partly to the after-effects of an ill-informed acquisition strategy at the turn of the past decade and to "previously reported acts of wilful misconduct" – "show the business is in need of a change of strategy". At the same time, the market of "smaller, sub-scale IT servigavin-new-2-2ce Pinnacle said the multiples payable for SME-focused providers will typically be lower than those larger, more established providers command. Ancar-B made an EBITDA of £0.57m last year, meaning its acquisition by Pinnacle carries an earnings multiple of 6.8. Weston's EBITDA of £0.22 mean its acquisition commanded an earnings multiple of 6.1. Gavin Lyons (pictured), an MXC partner who recently became executive chairman of Pinnacle, 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". hxxp://m.channelweb. |
Posted at 25/1/2016 08:31 by freddie01 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 hxxp://www.dailyreco posted by Aphrodite on lse |
Posted at 20/1/2016 14:45 by scargs Can anybody explain why Pinnacle's share price is UP 9.4% today when the vast majority of other shares are DOWN?The share price/percentage increase stands out like a beacon of light. |
Posted at 16/12/2015 15:07 by mr roper a few weeks back when MXCP announced their results, they mentioned they were working on 4 acquisitions. The question here is..how many are on behalf of PINN?The share price is riding the wave of the Lyons appointment. Next step...acquisition and execution of the growth strategy. Could very quickly see a rapid turnaround in the financials of PINN. |
Posted at 16/12/2015 13:32 by ibans from LSE:This was 5 months ago and since then restructuring has gathered pace. We have appointed Simon Duckworth and Gavin Lyons the Accumuli team. Add that and the transformational growth strategy to this broker note and we still have miles to go. The MM will have to re-rate us properly here and I think 25p is fair for where we are as a company right now. 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&rsquo 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. |
Posted at 14/12/2015 11:29 by ibans A £6 mill Mcap is nothing for a company on the up and ready to start and make acquisitions.Is CTP worth 10 times PINN? I think you would have to say NO! Is it 5 times worth pinn? Again you would have to say no. CTP has a £60 mill Mcap and will do fine and will grow and maybe double up. Not over night but over a period of time. PINN on the other hand can and will do multiples if today share price over the next year and just in the same way CTP did during the acquisition phase. We've got every chance of achieving a share price of 50p here in due course but for now and considering how under valued this stock is 25 to 30p is very achievable on news of acquisitions. That still only gives us a Mcap of between £12 and £18 mill which again is peanuts. |
Posted at 28/7/2015 15:32 by 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...a AIMHO DYOR |
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