Pinnacle Holdings has made a mandatory offer to buy the shares in IT services business Datacentrix that it doesn’t already own. The offer was triggered after Pinnacle acquired 20m Datacentrix
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An investment in Adapt IT over the past three years or, even better, over five years would have paid off handsomely. The IT counter has proved to be by far the best performer among technology and
Datacentrix has increased headline earnings per share by 14%, to 27,7c, in the six months ended 31 August 2015. The improvement comes on the back of an 11,3% improvement in revenue to R1,2bn
Technology group Pinnacle Holdings will focus on bedding down its African expansion and focusing on company operations as a strategy to rebuild shareholder confidence. Pinnacle CEO Arnold Fourie says
Pierre Spies has been named as deputy CEO at technology group Pinnacle Holdings and is set to take the reins when the current CEO, Arnold Fourie, steps down. After a torrid year for the group, which included an investigation
If you’d invested R40 000 in the shares of Durban-based technology company Adapt IT five years ago, you’d be a millionaire today. Adapt IT’s shares have risen by a spectacular 2 400% in the past five years, making it the best performing technology counter on the JSE
There was more good news for JSE-listed Pinnacle Holdings on Tuesday after the Financial Services Board (FSB) announced it was dropping an insider trading investigation into share trades by company executives in March 2014. At a meeting on Tuesday, the FSB decided to close the
Headline earnings per share (Heps) at technology group Pinnacle Holdings have slumped by 19% in the year ended 30 June 2014, despite an 8% increase in revenue to R7,1bn. As a result, Pinnacle has decided not to pay shareholders a dividend. Net profit for the year was R273,1m, down from
Charges of attempted bribery instituted against Pinnacle Holdings director Takalani Tshivhase have been dropped by the specialised commercial crimes unit of the national directorate of public prosecutions. The news has sent Pinnacle’s share price surging by more than 35%. Tshivhase, who was
Technology group Pinnacle Holdings has moved to reassure its investors following a sharp decline in its share price in recent days. Since the company published a trading update on 8 August, in which it warned that its headline earnings per share for the year to end-June could have