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General Category => Shares => Topic started by: Orca on July 01, 2013, 03:38:56 pm

Title: PNC
Post by: Orca on July 01, 2013, 03:38:56 pm
Another great stock to have in one's portfolio is Pinnacle Technology. An unstoppable, high growth Co. with forward thinking management at the helm.
Their frequent acquisitions will ensure long term profitability of the Co. The most recent one was 30% of Datacentrix which they acquired last month and paid R237M in cash. In Dec. last year they acquired JAG Engineering.
Here is a 3 year chart that compairs it to CML.
Title: Re: PNC
Post by: Orca on July 01, 2013, 03:53:46 pm
You will see that CML made a thrust upwards to get to 500% while PNC made no extra effort to do the same AND she kept her PE low all the time. A stunning performer.
Title: Re: PNC
Post by: jaDEB on July 01, 2013, 05:01:49 pm
See my fishies is recovering, bought at R90 and OCE now R87, was R90 high today.
Title: Re: PNC
Post by: Orca on July 01, 2013, 06:29:09 pm
See my fishies is recovering, bought at R90 and OCE now R87, was R90 high today.
jaDEB. OCE is often on the Biggest Movers of the day up and down but the trend has been UP for long time. Just hang in there.
Title: Re: PNC
Post by: Nivek on July 02, 2013, 08:55:55 am
I'm curious Orca, it doesn't look like you added any PNC in the competition this month. Why not?
Title: Re: PNC
Post by: Orca on July 02, 2013, 09:39:24 am
I'm curious Orca, it doesn't look like you added any PNC in the competition this month. Why not?

New auto sales picked up in June so I added to MTA. She has been flat for a long time and should pick up soon.
Title: Re: PNC
Post by: cknt on October 08, 2013, 12:08:50 pm
Orca, have you go any idea what's the latest goings on with PNC; seems not in a good spot?
Title: Re: PNC
Post by: Orca on October 08, 2013, 01:00:15 pm
Orca, have you go any idea what's the latest goings on with PNC; seems not in a good spot?

Second half year was rather flat due to exchange rate causing the correction. Two weeks before they closed their year end books, they acquired 30% of Datatech plus some other Co that I don't now recall the name of.
The profits from these will only show in 5 months time so I will hold her in my portfolio. A great Co and divi 18 Nov.
I presume they will give a Trading Statement sooner than the 5 months.
Title: Re: PNC
Post by: Orca on October 08, 2013, 03:48:57 pm
Strong support on the 200sma. She went back down to have a last look at it and kissed it goodbye.  :TU:
Title: Re: PNC
Post by: cknt on October 08, 2013, 04:16:18 pm
Was just wanting to say: "I must have the magic touch!" Just as I put my eye on something, it moves out of my grasp...; story of my life! :wtf:
Title: Re: PNC
Post by: Orca on October 08, 2013, 05:22:42 pm
Was just wanting to say: "I must have the magic touch!" Just as I put my eye on something, it moves out of my grasp...; story of my life! :wtf:

Elaborate for us please.
Title: Re: PNC
Post by: cknt on October 08, 2013, 08:41:25 pm
Tried to buy some since yesterday @ 2020, but my order just didn't get filled and today, after asking about it and getting some more info (e.g. from you), it suddenly shot up to over 2300 :question:
Title: Re: PNC
Post by: Orca on October 09, 2013, 08:52:47 am
Even at 2300 it is cheap but I personally would not buy anything until USA saga is sorted.
Title: Re: PNC
Post by: franz on October 09, 2013, 12:59:26 pm
Attended a lecture last night and PNC was on top of the buying list and the concences was that the US debth limit to be sorted next week.
I for one also wait before buing any share, if the debth ceiling is not raised and the US defaults we in for a big correction.
Title: Re: PNC
Post by: Orca on January 27, 2014, 05:04:32 pm
PNC  :frustrated: You falling about so loudly that you have woken your roommates MTA and CML. They are looking down at you in disgust. Get up you stupid stock.  :frustrated:
Did you not see that HotStoxx picked you as the hottest stock in your hot sector? What is wrong with you? Don't put the blame on the ZAR again you idiot.
Title: Re: PNC
Post by: Orca on February 07, 2014, 07:41:09 pm
What a great comeback. That Morning Star candle formation actually worked. Pity I did not choose it in the competition. She must have mulled quite a while over my reprimand above.
Title: Re: PNC
Post by: Delusionsofgrandeur on February 15, 2014, 06:51:16 am
Is PNC still a good buy long term if the rand stays the same or weakens a little to the dollar?
Title: Re: PNC
Post by: Orca on February 15, 2014, 08:07:57 pm
Is PNC still a good buy long term if the rand stays the same or weakens a little to the dollar?

I would leave PNC alone due to the exchange rate. She is my most disappointing stock. Long term is dubious.
Title: Re: PNC
Post by: jaDEB on March 25, 2014, 03:17:47 pm
Surely it does not deserve a 25% drop? do they only have goverment contracts & director resigns? or am I missing something. Anycase bought 100% for comp. let's see what happens.

Talk to me please .....  :whistle: :whistle:  :wall: :wall:

Pinnacle Holdings Limited
(Previously Pinnacle Technology Holdings Limited)
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“Pinnacle” or “the Company”)


ANNOUNCEMENT

The Company hereby informs its shareholders that Mr Takalani Tshivhase, an executive director of
Pinnacle, has been charged with alleged attempted bribery of a Lieutenant General of the South
African Police Service, with R5 million. This alleged incident occurred some 14 months ago, around
16 January 2013.

Mr Tshivhase denies all allegations of attempted bribery, and will defend the charges.

From the evidence thus far available to the Company, the Company is satisfied that there is no
reason to doubt the veracity of Mr Tshivhase’s denial of the allegations.

 The Company will review the matter as further information becomes available and will inform
shareholders accordingly.

Midrand
25 March 2014
Title: Re: PNC
Post by: Orca on March 25, 2014, 07:21:54 pm
Dunno what to say. PNC is 20% of my portfolio and bought at R14.70. I had no internet connection the whole day and only saw this after close today.
Bribery and inside trading!!! At least 1 of those are true. Time will tell but I am not selling at this stage due to:
1. It may drop very much lower at auction at the open.
2. Price action may have been overdone.
3. They are still the largest suppliers of Hardware and Software in Africa.
4. Other Co's have done the same and are still in business. TIG is one in question.
5. The very reason why my internet connection died today and kept me from selling is a signal. (Wife says).
6. A tax loss is an asset. If it tanks lower, I can deduct the loss from my other stock's gains.
What? Me worry? As Alfred E Newman said.
Title: Re: PNC
Post by: Alsie on March 26, 2014, 08:21:34 am
If you already own the share I think you have to ride this wave.  Banking a 25% loss makes no sense seeing that the expectation is that the market over reacted and that the price will recover. If and when it will recover the total fall of yesterday nobody knows. Might even consider adding to holdings at lower price to reduce average cost of investment.  I don't own any and plan to stay away.  Surely any purchase now must be speculation and not investing??
Title: Re: PNC
Post by: jaDEB on March 26, 2014, 10:23:35 am
 ???
Title: Re: PNC
Post by: franz on March 26, 2014, 11:48:56 am
South African tech firm Pinnacle extends rout on bribery charge
Electronic board displaying movements in major indices is seen at Johannesburg stock exchange in SandtonJOHANNESBURG (Reuters) - Shares of mid-cap South African technology firm Pinnacle Holdings extended their slide into a second day on Wednesday, tumbling 21 percent after a company director was arrested this month for allegedly trying to bribe a senior police official.

The hardware and software distributor lost a quarter of its market value on Tuesday, when police said they had charged Executive Director Takalani Tshivhase with allegedly offering a 5 million rand ($464,400) bribe to a police lieutenant general to secure a contract. [ID:nL5N0MM25N]

Tshivhase has denied the charges.

The Johannesburg Stock Exchange also told Reuters it was investigating whether Pinnacle violated rules on timely disclosure by waiting 20 days to announce Tshivhase's arrest.

The 59-year-old was arrested on March 5 and released on bail the same day. On March 19, days before the company announced the charges, Tshivhase sold 4 million rand of Pinnacle shares, according to a regulatory filing.

The JSE has declined to comment on whether it was investigating the share sale.

Chief executive Arnold Fourie told Reuters the charges against Tshivhase were a "huge misunderstanding." Fourie also said he did not believe the company had breached rules on timely disclosure.

Fourie said he knew of Tshivhase's plans to sell shares "way before" his arrest and did not believe it constituted insider trading.

Shares of Pinnacle were down 21 percent at 11.85 rand at 0856 GMT, bringing their losses over the last two days to 40 percent and valuing the company at just over 2 billion rand. ($1 = 10.7657 South African Rand)

This looks like a con to me, opinions???
(Reporting by David Dolan; Editing by Ed Cropley)
Title: Re: PNC
Post by: jaDEB on March 26, 2014, 01:40:29 pm
Check out % of total funds. From Moneyweb's Unit trust portfolio tool.

Title: Re: PNC
Post by: Moonraker on March 26, 2014, 02:24:41 pm
Dir. dealings ..

and, hey, even more undervalued now. (see pdf)
Title: Re: PNC
Post by: CompTester on March 26, 2014, 04:45:22 pm
Would the director risk so much on insider trading? Surely he would know it would be picked up???
Title: Re: PNC
Post by: tgg78703 on March 26, 2014, 06:21:31 pm
I initially thought panic selling, oversold, climb in and buy.

But know I.m getting to think, the directors sold out and anyone not thinking that is insider trading must be voting eff. They delayed the knowledge to the market to give themself  time to sell.

Knowing there would be an investigation??? Bailing out and running for the hills?.

This could be our shares buyers Oscar P case ???

I even bought some today when I noticed a turn and got greedy, at least I got greedy later than Jadeb :D
Title: Re: PNC
Post by: Orca on March 26, 2014, 07:26:26 pm
Apparently the charge was not laid at the time of his arrest and bail. He was only officially charged later hence the SENS was released upon this official charge.
He sold the shares before the official charge was laid after negotiating with Arnold before the arrest.
If you look at the SENS you will see that the Fourie Trust had to sell their futures at strike  price when it expired. They did not sell shares but had to sell at expiry. It was a Put Call. Put Calls expires at a certain date.

I would not be surprised if we don't have a bounce tomorrow.


Title: Re: PNC
Post by: Snakepit on March 26, 2014, 08:43:00 pm
I agree with you Orca. If the financials are good, why abandon the shares, but we live in a country where corruption is everywhere and people are fed-up. I would caution this situation. The company that I work for would distance itself from a company where the directors are involved in criminal activity. If PNC's partners (suppliers or resellers) jump ship, it could destroy the company.
Title: Re: PNC
Post by: Orca on March 26, 2014, 08:52:23 pm
Arnold Fourie is known as a great CEO that thrives on turning bad Co's around and his cost cutting measures. I still have faith in him to get this sorted.
Title: Re: PNC
Post by: Bundu on March 26, 2014, 08:58:27 pm
Arnold Fourie is known as a great CEO that thrives on turning bad Co's around and his cost cutting measures. I still have faith in him to get this sorted.

agreed, partly because I bought another 10 000 today  O:-)
Title: Re: PNC
Post by: tgg78703 on March 26, 2014, 09:00:05 pm
I changed my mind, his sales were not related, there has been a updated sens out as well.

some persons have simple thoughts at times(LIKE ME), But then Johan Meiring from Mayibue was also known for that before  the BFS story and BFS is still suspended.


 :)
Title: Re: PNC
Post by: Orca on March 31, 2014, 06:41:03 pm
The Fourie family seems to know something that we don't. They bought over R20M shares the past few days. I can't see them appeasing investors with that much of their own money if the charges will stick.
Then again, if you look at MTN that did the same last year and the drop was short lived. TIG is another culprit with constant price fixing and major fines.
I will hold on to it.
 
Title: Re: PNC
Post by: tgg78703 on March 31, 2014, 09:38:02 pm
I think soothe would have been a better choice of wording.

But then shakespeare also needed to make a living :)
Title: Re: PNC
Post by: jaDEB on April 07, 2014, 12:58:21 pm
I would have thought that PNC would have recovered more by now. Maybe there is more bad news to come. ?
Title: Re: PNC
Post by: Orca on April 07, 2014, 01:53:09 pm
I'll take a bit of a gamble and keep it. My thinking is that the charge won't stick as how is the accuser going to prove it?
Title: Re: PNC
Post by: Orca on April 16, 2014, 07:09:36 pm
Glad I held on as I had my finger on the trigger.
Title: Re: PNC
Post by: Bundu on April 16, 2014, 07:16:29 pm
Glad I held on as I had my finger on the trigger.

same here - next week Thursday 1st court date :-[
Title: Re: PNC
Post by: JDP on July 17, 2014, 04:47:48 pm
Interresting with all that is going on these guys increase there holding?

Quote
Pinnacle Holdings Limited
(Previously Pinnacle Technology Holdings Limited)
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“Pinnacle” or “the Company”)

DISCLOSURE OF ACQUISITION OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“the
Act”) and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are
hereby advised that Pinnacle has received formal notification in the prescribed form
that the collective clients of 36ONE Asset Management (“36ONE”) have acquired an
interest in the securities of the Company, such that the total interest in the securities
of the Company held by 36ONE has, as at 15 July 2014 increased to 6.72 %
of the
total issued share capital of the Company.
Title: Re: PNC
Post by: Orca on July 17, 2014, 09:15:41 pm
36ONE is has been a top performing UT fund manager for years so they should know what they doing. Imara has PNC as a hold from this week due to price action.
Title: Re: PNC
Post by: Patrick on August 25, 2014, 04:45:53 pm
Pinnacle executive bribery claims dropped

http://businesstech.co.za/news/it-services/66678/pinnacle-executive-bribery-claims-dropped/
Title: Re: PNC
Post by: Orca on August 25, 2014, 11:07:59 pm
The story of my life. Once again the markets have shown me the middle finger. Sold PNC at 6.99 to preserve my money just before the SENS and before this new development with the bribery case. To top it all, I bought ADI with my loss and now am loosing more. Eish.  :wall:
Title: Re: PNC
Post by: jaDEB on August 26, 2014, 08:53:10 am
What is wrong Orca, I have been using the buy high sell low method for about 4 years now.  :whistle:
Title: Re: PNC
Post by: jaDEB on August 26, 2014, 08:57:21 am
PNC - graph

Title: Re: PNC
Post by: gcr on August 26, 2014, 12:01:21 pm
What is wrong Orca, I have been using the buy high sell low method for about 4 years now.  :whistle:
Well I held on to my Pinnacle and yesterday saw my potential paper loss drop from about R 42,000 to now a more manageable R 9,000. Was going to use it as a CGT tax write down later in the year but will hold as won't get the write down was anticipating
Title: Re: PNC
Post by: jaDEB on August 26, 2014, 01:58:01 pm
Nice, I am sure if you hang on you should be in the black in the near future. There will most probably be some selling as the buyers at the low levels will take profit, but then things should go back to normal. Unless of course some1 else gets arrested.

Now can my small amount of ABL & 1TM also get some  good news..... ag tog........ :(
Title: Pinnacle Holdings in 2015 and beyond
Post by: rjthomas on October 08, 2015, 12:54:50 pm
So read the history of this company on this forum is interesting. I used to work in IT industry from 1997-2003 and still keep tabs on certain companies and people. This group generated a health R509 million in cash in the last financial year. This is a very healthy sign.

Does this company derive most of it's income from inside or outside South Africa?
Title: Re: PNC
Post by: Imran on October 08, 2015, 03:47:22 pm
Most of Pinnacles earnings are from ITC distribution, 85% from SA and 15% from the rest of Africa.