Pinnacle Telecom Share Discussion Threads

[mr roper] 16/12/2015 15:07

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.

[twodegrees] 16/12/2015 15:03

typical, I buy some and the price falls...love the entertainment from ibans,Mr roper and chimers, brightens my day

[ibans] 16/12/2015 13:32

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’ 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.

[mr roper] 16/12/2015 12:23

PINN in good shape, a few tweaks by the MXCP name and the revenue and earnings situation could make big leaps quicker than many would think possible..

"There are no loans and no net debt and it would not take a huge
upturn in sales to nudge them into the black. As usual with a turnaround situation, there is tremendous operational gearing too."

[mr roper] 16/12/2015 12:16

lol..choccy biccy and tea break over...25p sounds good to me, IBANS.

2-3 acquisitions down the line and 50-80p will be closer to the target..

[ibans] 16/12/2015 11:48

It's worth 25p all day with what we have in place, I will not be surprised to see it go straight there. This is a simple re-rate after all.

Not bothered as I want 50p so 25p as nice as it will be is only a stepping stone to the bigger prize.

[mr roper] 16/12/2015 10:16

possibly, look to consolidate between 12 and 14p for a short while now before the next move...and it'll be a biggie...

[mr roper] 16/12/2015 10:04

14p....cup of tea and choccy biccy..just what the share price ordered.

[mr roper] 16/12/2015 10:03

lively lively lively...

[lukead] 15/12/2015 16:40

LM, this share has gone up recently, according to your post, messrs chimers and ibans have got their shares sometime ago, they are about to sell soon, leaving the sheep to carry the losses or reduced profits, is ice really that easy to make money?

[ibans] 15/12/2015 15:47

chimers

you been on acid tabs?

[mr roper] 15/12/2015 15:43

looking for a nice end of day flurry to get us up to 13p again..

[mr roper] 15/12/2015 15:40

Agree, IBANS. share price of 70/90p..a lotta coin indeed!

[ibans] 15/12/2015 15:11

Mr roper,


I agree ut in terms of growth from where we are £40 to £50 mill is a lot of coin?