HEDMAN
09 Dec 2015
Finally Looks like the company is being run properly.Must be some old holders hoping so.
HEDMAN
27 Jul 2015
Signs of Life??? Pinnacle’s PuddingIf the proof of the pudding is in the eating, then it is fair to saythat Pinnacle’s pudding is not quite out of the oven; but by thetime this pudding has been served up and eaten, the share pricemay well be a multiple of where it is now. So rather than sit atthe table, spoon in hand, it might be helpful to have a look aroundthe kitchen and meet the new chef.Pinnacle’s new chef, or rather CEO, Nicholas Scallan, picked upthe reins in March 2014. Having initiated and completed awholesale operational review, he has since been working hard toimplement the resultant strategy to turn around Pinnacle’sbusinesses. As with all turnaround situations, the anecdotalevidence of progress comes several quarters before the financialevidence. However the interims to March 2015 – which werepublished a few weeks ago- are already showing some verypromising 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; andthis included £300k of exceptional costs. Gross margin remainedaround 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 cuttingexercise. The closure of the Pinnacle Data Centre is nearlycompleted. This will be a sensible saving, allowing data to bemoved to larger and more secure third part centres at the sametime as saving costs; which growing benefit is only partiallyrealised in these numbers. Similarly the ‘Easynet’ agreement hasprovided a highly secure, scalable and value-added connectivityservice whilst also giving cost savings and improved customerservices.Rather than cost cutting there has even been increasedinvestment in sales and marketing to support new clientacquisition. This combined with a re-balanced sales model, toencourage cross-selling and up-selling into existing clients, isjust beginning to yield fruit. [link]
weblogic
23 Jul 2015
New website... news etc Looks like things are starting to tic up a bit at PINN.Maybe that new website is starting to attract some new business...not much other news that I can see... apart from recent funding arrangements....Trading very patchy as MMs pull spreads
HEDMAN
16 May 2015
Looks like the board killed all hope Lost loads on this pile of ****. For those still holding there may be a glimmer of hope that some of the losses can be reversed with what's going on.
weblogic
24 Mar 2015
o2 action.. A bit of spark again today on the confirmation of tie up with O2.More chatter on the lse bb..Could PINN be turning a corner at last.....?
