Pires Investments Share Discussion Threads

[flojo] 02/7/2014 12:07

Is the 2.5mil buy or sell ?

[t-raider] 01/7/2014 11:37

Someone wasted £100 buying 2372840 shares and selling them 40 mins later... that's short termism for you !

I'm on my own and so will shut up now !

Cheers
"T"

[t-raider] 01/7/2014 10:08

Fourth on the leader board with 7 buys.... can only dream of significant volumes / buys and what the share price might do ?

Now where is that RTO...?

"T"

[t-raider] 01/7/2014 09:19

No market interest in Rame though, with very low volumes even off of the back of reasonable newsflow.

x4 buys this morning... but still not attracting the volume as of yet... need to get prominently on that % leader board and on some radars !

"T"

[outspan] 01/7/2014 09:12

Good progress at RAME and an interesting post on the LSE thread. Hopefully the turn in both Company activity and sentiment is at hand.

Interims due by the end of the month. Absence of AGM since Mar 2012 is bizarre. Something up their sleeves needing shareholder approval?

[t-raider] 01/7/2014 08:18

Well a small bounce early doors.. and the formation of a double bottom on the chart ( for what that's worth with penny Aim stocks ).

A bit of volume / impetus / interest wouldn't go a miss now...

"T"

[davidcod] 01/7/2014 08:03

gbb483,

just for you!

[gbb483] 01/7/2014 07:56

I'm surprised no one has bothered to set up a thread for RAME.

[flojo] 01/7/2014 07:22

News on Rame pepes.

[timely4] 30/6/2014 19:08

I begin to wonder what the Bod are doing. This is getting ridiculous. PR and his cronies are just milking this as a nice earner for their retirement fund imo. They should just go for a reverse takeover and let the company move on.

[t-raider] 30/6/2014 11:40

Still well out of favour this stock.

For an investment company, they don't appear to be doing much investing ?

RAME appears not to have set AIM alight either... very little interest..

"T~

[flasher2] 24/6/2014 09:50

How low will this get?.

[outspan] 19/6/2014 17:05

No such rule beagle but I do believe there should have been one called within 15 months of the last one unless their Articles of Association on their website are out of date. The last one was on 21 Mar 13 so....21 Jun 14????? Not sure it's an AIM matter, more a Company matter. Company law seems to leave it up to companies to set their own rules.

[the_beagle] 19/6/2014 16:38

If the year end was 31st October should there not have been an AGM within 6 months of then, ie by the end of April?

[outspan] 18/6/2014 14:53

Barely. Approx 3.5% to approx 3.475%. Larger consideration would be whether the deal adds short, medium and long-term value to the investment despite any small dilution in the nominal stake.

Taking it at face value, it seems to achieve this. I see it's expected to be immediately earnings enhancing in itself and also gives them avenues into other/new business streams.

Would we not want to see our investee companies seek to grow and enhance the value of the investment? Key, as always, is getting it right and, for me, this looks OK and a broader platform for earnings is certainly no bad thing.

[gbb483] 18/6/2014 11:10

Diluting PIRI's stake?

[outspan] 18/6/2014 08:16

RAME expanding I see.

[outspan] 16/6/2014 23:52

Just as I see it myself o&wo. Don't need to chase, just load and wait. The 3.5% RAME holding should see substantial returns for PIRI in itself idc. With anticipations of more IPO deals like that one, PIRI could well be the bargain of the century down here.

On a point of interest, we should get RAME's maiden results as a listed entity anytime now. Promised by end of Jun I understand. Meanwhile, PIRI's ints are due by 31 Jul.

[olderandwiserone] 16/6/2014 20:45

Well, if he's anywhere near correct, with 110MW installed capacity by end 2015 added to the 24MW already started, and a target of 300MW in 4 years' time, compared with a current MC for RAME of circa £15mn, that's one heck of an upside potential to play for.

Piri is a good indirect way of playing that upside, especially down here under 0.8p.

[outspan] 16/6/2014 19:31

Not sure whether RAME has disclosed financial expectations per MW, maybe it was covered in their Prospectus, would need to check.

For info, I recall Divmad having a view on this when that presentation was first posted.

"Divmad - 10 Feb 2014 - 18:05:24 - 1832 of 2473

Good presentation. Looks like Peter has been looking for a while at this opportunity. I'm not sure what % of Rame will piri end up with if Rame gets to an aim IPO.

The rule of thumb for S American turbine energy producers is $1mn per MW by the way."

So do the maths, as they say! :-)

[olderandwiserone] 16/6/2014 17:31

OK I think I get it, outspan. What I'm not sure of is what value RAME attaches to 1MW of generating capacity, so i can get a handle on what 110MW might be valued at, when they can sell down 49% of their equity holding in 24 months time from start of construction.

By the way, i added another 2mn piri today.

[outspan] 16/6/2014 14:39

Found it for you.

[outspan] 16/6/2014 14:08

By the way, o&wo, on the matter of how it all works, you could do worse than look out the PowerPoint presentation by Tim Adams, around last Nov, I think.