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PCL Pinnacle

0.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pinnacle LSE:PCL London Ordinary Share GB00B1899T70 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pinnacle Staffing Share Discussion Threads

Showing 76 to 100 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
10/9/2010
16:39
zero, i am just here to see if anyone has something usefull to add to matters, if not as i have said i may well need to speak to charlton to get some kind of justification for this before even thinking of investing. That 5% stake for the compliance company looks well dodgy what ever way you look at it, that aside from the more recent plans start to throwing the proceeds around willy nilly.

I would really welcome anyone who has some usefull thoughts to add here.

envirovision
10/9/2010
16:21
bit small fry for you ev? whats your holding?
purav
10/9/2010
13:40
Mr Charlton is a non practicing solicitor and ex fund manager. He appears to have purchased most of his 29% stake during the first few months of lisiting or so. I would estimate his holding has cost him at least £1.5 million pounds (unless theres something i dont know). It makes little sense that he appears to have given so much away for apparently "free"

It would be nice to chat to him at an agm or something and find out a bit more about his insight on how things have gone and the future.

envirovision
10/9/2010
12:14
not that CFO David Hope paid anything for the 5% stake aside from selling his wifes company set up months prevouse (the compliance company GB) which was valued at less than the cost of a second hand Ford Mondeo in exchange for 5% of the company. Not to mention claiming a book value of half a million.

again a story of giving away so much for so little.

Perhaps that it, maybe the plan is to give away the entire company for zero. It reminds me of the jack and the bean stalk story, jack gave the farm away for some magic beans. Sadly in this story theres no giant in the sky, no golden goose, nothing.

Sadly away from fairy land and back in the real world, I'm afraid those seeds may indeed be worthless.

envirovision
10/9/2010
10:55
Right been looking into this some more.

MEDIC INTERNATIONAL LIMITED Peter gregory owns 12.5% of it (ex founder of Totalise ISP which went bust and founder of medacs) Tracy Ward 12.5% founder of JCJ locums. Gregory had some success prior to Totalise in recruitment but has founded or been involved in more ventures than you can shake a stick at. Tracy seems to be pretty good having done well helping establish JMJ Locums which was taken over by a large listed company.

It appears they have paid zero for their stakes, i have no idea what their salries are, cant see that they have brung any asets to the business and if they make a profit of £1M they gaet to sell their stakes back to us at 6.5 times the profits (caped at 2.5M in 2013).

However that said, our remaining business will be left turning over 8M allready so something does not seem very fair here. In effect we are giving our business away for free to Peter Gregory and Tracy Ward.

However the thing is, we will be left with around 3.7M assets and cash by the end of this year if everything goes to plan, but our liabilitie to Peter and Gregory couold amount to 4M by 2013. So couple this with the fact our business we now have are all ready established turing over 8M PA, we appear to have shagged ourselfs over well and truly.

Infact this is weird, why would anyone want to give away so much for so little?

no wonder the shares are being dumped, probably by the Hopes, they can dump their 5% now and most likely are doing so before theres nothing left for them.

envirovision
09/9/2010
15:27
Whats going on,

check at companies house both the companies they say they have 75% of are presently not trading. Who owns the other 25% and why when pinnicle used to own 100% of the "trading as"

Whilst these 75% holdings also show at companies house that both companies have infact not been trading, one is dormant whilst the other was registered in 2009 and has never filed accounts.

Can any one shed some light.

Mean time someone has been dumping the shares.

envirovision
23/3/2010
15:31
Has no-one out there got £4M to buy this bloody company!!
killieboy
02/2/2010
15:26
they seem to have turned a corner lately so fingers crossed....
raginghippo
21/1/2010
15:50
How much will we get for this one - any ideas?
killieboy
15/1/2010
15:25
Takeover on the cards, not bothering here, 25% spread.
whizzy1
15/1/2010
13:48
NASA do the computer outsourcing for these and are also up today with heavy volume??
still waiting
15/1/2010
13:34
held these babies for almost 2 years and finally....anyone know whats prompted the rise today?
raginghippo
24/9/2009
07:10
I looked at these a year or so ago... It is funny how the numbers never really showed what a mess the various business units were in ... either that or the current managemment don't know what they are doing... This is a long termer !!!
harrogate
27/3/2009
11:39
Four year timeframe for a turnaround - not long to wait then!
killieboy
26/9/2008
12:21
why would you want a buying opportunity to go?
purav
26/9/2008
10:04
Results bloody awful but no move in the share price - obviously no interest to anyone!!
killieboy
07/1/2008
21:13
Tom Charlton the other big holder also has a background at Mercury Asset Management - I wonder if the two are connected? Keen to average down (but lack funds!).
catandcrow
04/1/2008
12:16
Yes interesting - seems a significant punt by him. I see Nestor today announced bid approaches -

Can't help feeling that I should buy some of these - was looking for sub 3p but can't seem to do it

harrogate
03/1/2008
19:56
Guy who bought 10% works for a hedge fund - looks like he is trading for his own account.

Mark Wharrier
UK Equity Portfolio Manager & Analyst, London

Mark Wharrier is a portfolio manager and analyst with 11 years' experience in UK equity markets. Mark works on NewSmith's UK equity team, where he is responsible for managing both high performance long-only mandates and a long-short equity portfolio for institutional investors.

Prior to joining NewSmith he was a Director at Merrill Lynch Investment Managers (MLIM), where he was a Fund Manager on the UK Specialist Equity Team. Mark joined Mercury Asset Management in 1994. The firm was acquired by Merrill Lynch in 1997.

Mark has a Bachelor of Arts degree in Economics, History and Management from the University of Durham.

catandcrow
01/1/2008
12:38
Hi

I have been doing a bit of research on this and believe it looks attractive at this level.I think its balance sheet is fine - net current assets and positive net assets even if you write off all the intangibles. This contrasts well with HCO for example which has net current liabilities and net liabilities without intangibles. We have a couple of people who seem to want to pick up large amounts of stock and the old holders from Nestor days seem happy to let them at any price.

We of course have to take on trust that the managements plan is currently working but as a % of sales the market cap is surely a bargain now

The various agency websites seem uptodate and focused on attracting staff and there is evidence of some reorganisation within the structure which might bring cost reductions.

Is there anyone here that knows the healthcare recruitment market - whats the word on the street?

I am thinking of having a few in early Jan having been watching it all the way down from 10p -

harrogate
29/12/2007
11:53
Barclays increase holding.
stromboli
20/12/2007
07:36
Thanks for your comments.Do we know anything about this guy who now owns 8%?
harrogate
18/12/2007
22:30
Big sells could perhaps be a index tracker liquidating as this falls to a tiny market cap. Balance sheet isn't great but the debt is fairly low. Think about averaging down on this.
catandcrow
18/12/2007
12:19
Just looked at the balance sheet - Suggest anyone interested does their own anaysis.

Goodwill and bak borrowing the two major problems is this climate of recession (imo & dyor)

pugugly
18/12/2007
09:56
2 big sells yesterday triggered the fall ??
double6
Chat Pages: 8  7  6  5  4  3  2  1

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