Pinnacle Investment Management Group Limited

 1.1: Company Overview: Pinnacle Investment Management Group Limited (ASX: PNI) is an Australia-based multi-affiliate investment management company focused on growing a diverse family of investment management firms (Affiliates). Along with holding equity interests in its Affiliates, the Company provides seed funding, global institutional and retail distribution, and industrial grade middle office and infrastructure services. Kalkine’s Investor Report covers the Investment Highlights, Key Financial Metrics, Risks, and Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock. 

1.2 The Key Positives, Negatives, Investment Highlights, and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders together form ~34.72% of the total shareholding. Wilson (Steven Monteith) and Macoun (Ian) are holding maximum stakes of 10.71% and 8.06%, respectively. 

1.4 Key Metrics: PNI’s assets to equity ratio decreased to 1.14x in 1HFY25 compared to 1.29x in 1HFY24. Below is captured other metrics:

2.1 Recent Business Updates:

2.2 1HFY25 Results Highlights (for the 6 months ended 31 December 2024): Below mentioned are some key financial highlights:   

2.3 Historical Financial Trend

4.1 Price Performance and Technical Summary

The stock has gone down by ~16.03% in the six months, and over the past nine months, stock has increased by ~10.71%. The stock has a 52-week low and 52-week high of AUD 13.590 and AUD 27.110, respectively, and is currently below the 52-week high-low average.

4.2 Fundamental Valuation

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance. 

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 23 June 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.