Pires Investments Share Discussion Threads

[outspan] 31/7/2014 15:50

Continuing the theme from those previous posts, Kennedy Ventures Registered Office is also c/o MoFo's and is, of course, a more recent example of Redmond stepping down to Director after lining up a credible team to take KENV forward. Up around 4-fold in no time on the strength of the expectation.

Could there now be a similar plan here? "...we anticipate making additional appointments which we believe will strengthen the Company's experience and profile..."

Another Director, Aamir Quraishi, has previous good "rescue" form with AMED, previously CRO. Another that tends to see things through to "proper, viable business" then moves on. Again, his address as a Director is c/o MoFo's offices.

Quraishi and Redmond each have options over 1.5% of stock exercisable at .1p (PIRI nominal value), expiring next April. Brokers Peterhouse have an option over 3% on the same terms expiring next March. The pressure is on for PIRI to at least double from here in that timeframe if these options are to even begin to offer the holders worthwhile benefit.

More to follow shortly.

[outspan] 31/7/2014 15:30

A long time in the making but first signs now showing of a masterplan coming together. A few reminders/food for thought:



2 posts - see also 1875 following.

More to follow shortly.

[dubois] 31/7/2014 10:47

0.0559 are all buys

[t-raider] 30/7/2014 21:24

Trust me to open my big mouth about the leader board !

20% rise not to be scoffed at though and still valued at less than NAV.

Lets hope this is a sound foundation for a brighter future... may need more news if we're to consolidate the rise and get the share price over 0.1 !

Investment news in the near future may be a catalyst... can the chairman pull it out of the bag ?

"T"

[xcap] 30/7/2014 14:00

sounds good to me LM

[t-raider] 30/7/2014 13:47

Top of the leader board !

"T"

[liquid millionaire] 30/7/2014 13:45

Basically xcap i think that times are a changing with PIRI with todays RNS high lighting this. Remember that PIRI have only raised funds at 0.1p and are making very good progress yet PIRI still trades below that share price level. Why?

The market will wake up soon enough to PIRI and re-rate PIRI to much higher levels such as 0.5p+ or perhaps even more like 1p+

[t-raider] 30/7/2014 13:34

Twenty odd trades or so... decent, but still not caught the imagination or on the radars of many...

"T"

[liquid millionaire] 30/7/2014 13:31

P.S. - safe to buy away in the meantime!

[liquid millionaire] 30/7/2014 13:29

Yes xcap i'll give you my views but first need to get my cup of tea!

[xcap] 30/7/2014 13:28

this is leaderboard stuff chaps

[t-raider] 30/7/2014 13:27

Yep... as if by magic !

"T"

[xcap] 30/7/2014 13:27

well done T

[t-raider] 30/7/2014 13:23

Reading LSE board, x2 5M buys @ 0.5 being held back by MM's to scare punters when a shake comes...

"T"

[xcap] 30/7/2014 13:19

any views LM
strong buying
would be great to see .1p as the support point before any new deal announcement
maybe this time we will get there

[t-raider] 30/7/2014 13:19

A bit of momentum building.... backed up with a little substance for a change....

Spark the interest with a deal now and who knows...

"T"

[liquid millionaire] 30/7/2014 13:18

Chairman's Statement

I am pleased to be able to report positive progress in the six months under review, the first in which the Company's new investment focus was fully in operation. As well as being able to report investments in line with this investing policy we are able to report a modest profit of GBP22,500 for the six months to 30 April 2014 - resulting from a net positive performance from the Company's investments.

In February 2014, we completed a pre-IPO investment of GBP410,000 in Rame Energy plc at a 25% discount to the eventual IPO price; Rame was admitted to AIM in March and the Company invested a further GBP55,000 in the IPO. We gave much fuller details on this investment in the Final Results Statement for the year ended 31 October 2013. Since then, Rame has made significant progress - in particular, it has reached an agreement with Santander with regard to the equity financing of its next 118MW of wind projects on terms which, we believe, will enable Rame to realise sizeable profits as and when it sells completed projects or stakes therein. Rame has also acquired Beco Solar Limited, a UK-based solar engineering business, which considerably enhances its ability to undertake solar projects in Chile, the UK and internationally. It has also begun construction of its initial 15MW wind farm project in Chile as expected. We believe Rame has in some respects a near unique position and approach which gives it the potential for major capital gains in the future.

The Company has disposed of the greater part of the quoted portfolio acquired last year but now holds a number of longer term investments in accordance with its investing policy. One of these has made a significant contribution to our results for the period and we continue to review opportunities to deploy our cash resources profitably.

While the Company is not exclusively focused on renewable energy, it has, since investing in Rame, seen a number of interesting international opportunities in this area and we have established a subsidiary company to focus on the sector. We have a number of significant transactions under review and have entered into a partnership arrangement with a significant European wind consultancy/developer in relation to one of them.

We have added to our team recently through new consultancy appointments which bring additional skills and experience. We generated some very modest fees in the period under review and we are working to create further fee-earning opportunities in addition to our investing activities.

We will be approaching shareholders in the near future to propose some refocussing of our investing policy and we anticipate making additional appointments which we believe will strengthen the Company's experience and profile.

Peter Redmond

Chairman

[xcap] 30/7/2014 13:16

buy of the day
50000 @ .059 = £29.50 every little helps:)

[xcap] 30/7/2014 13:06

deal perhaps?

[droftarts] 30/7/2014 12:53

yes we could do with the Midas touch ala REM and LGO

[xcap] 30/7/2014 12:48

"....and we anticipate making additional appointments..."

..anyone taking bets on David Lenigas as non-executive chairman :)

[xcap] 30/7/2014 12:44

well done to those who bought early
excellent .048p buys

[xcap] 30/7/2014 12:42

2543

maybe value to come through soon?