Pires Investments Share Discussion Threads

[t-raider] 05/9/2014 13:23

Nice to know I'm not talking to myself drofts and the first tick up....which is nice !

"T"

[droftarts] 05/9/2014 12:15

No you are not on your own, it's just frustrating that there's nothing new to talk about. I was hoping the recent rise would culminate in an earth shattering RNS but alas no. Still there's always next week. or as Dellboy says this time next year we'll all be millionaires !!

Droft

[t-raider] 05/9/2014 11:58

Appear to be on my own here... but at least the online offer looks to be creeping up.

No change in level ii as of yet.

Will keep my inane mumblings to a minimum.

"T"

[t-raider] 05/9/2014 07:56

More funding for RAME... looking at the terms of the loan agreement, I'd bet they expect to pay it back within 12 months, so a busy time.Should see new highs for their share price now funding for next 4 projects is complete.All good for PIRI's investment."T"

[liquid millionaire] 05/9/2014 07:55

RAME [also very good news for largest shareholder PIRI]



Rame Energy / Index: AIM / Epic: RAME / ISIN: JE00BBD8GG53 / Sector: Energy
5 September 2014
Rame Energy plc ("Rame" or the "Company")
Secures Loan for £300,000

Rame Energy plc, the international energy consultant, engineer and power generator, is pleased to announce that it has received an unsecured loan of £300,000 (the "Loan") from existing shareholder Amati Global Investors Limited, acting as manager on behalf of Amati VCT plc and Amati VCT2 plc (the "Amati VCTs"). The Loan follows the successful placing of £750,000 announced on 28 August 2014 and completes the funding package that will be used to expedite the development of the Company's next four wind projects totalling up to 118 MW under the terms of the framework agreement with Santander Investment Chile Limitada ("Santander") announced on 16 June 2014.

Details of the Loan

The Loan is for a principal amount of £300,000 ("Par") for a term of five years during which it will be redeemable by the Company at any time. For the first 12 months the interest rate on the Loan is 8% p.a., payable quarterly in arrears and after 12 months the interest rate shall rise to 25% p.a., payable quarterly in arrears. If the Loan is redeemed within six months of issue, the Company shall pay 104% of Par; if the Loan is redeemed between 6 and 12 months from issue the Company shall redeem the Loan by payment of 106% of Par and if the Loan is redeemed after 12 months from issue the Company shall redeem the Loan by payment of 200% of Par, together with any accrued interest.

In addition, the Company has issued the Amati VCTs with warrants exercisable for a period of three years to subscribe for a total of 1,666,667 shares at 18p per share.

Jan J. Gawel, CFO, commented, "We are very pleased to have concluded the financing to accelerate the due diligence required under the terms of the Santander framework agreement to develop a further 118MW of wind assets with assistance from Amati, an existing and supportive shareholder. This loan is intended as a short term bridge to allow Rame to bring forward the point at which Santander buys-in to the project while giving us the financial flexibility to advance other opportunities such as our off-grid wind development at the Cerro Bayo mine. We look forward to updating the market in due course as we continue to progress our portfolio of Chilean wind projects."

[t-raider] 04/9/2014 16:43

Reckon PIRI need to invest in some O&G acreage to get noticed.... or invest in something more at least.

The near term opportunities appear to be illusive at present !

I'm impatient i know... and the chart is promising if we bounce back up off of this level.

"T"

[t-raider] 04/9/2014 09:49

28% spread probably putting a few off.

Bid pretty strong with level II 5v3 and can sell 5m at 0.0531 on Fastrade.

Not sure on the buy side ?

"T"

[outspan] 04/9/2014 00:55

I'm away at the moment T so not best placed for things. I think the short answer to Q1 is yes, an investment review was included with the full Finals report as available on their website:



Thing is, it only deals with what is seen as longer-term stuff which at this stage amounts to Rame and what I think is a single remnant of the early investments that satisfied the AIM requirement for an "investment company", namely Shale Energy. On which subject, from the finals:

"Shale Energy plc

Pires has a shareholding of 31,105 5p ordinary shares in Shale Energy plc with a book value of £27,995. It is seeking to acquire interests in shale energy licences in the UK; and it has been in negotiations to acquire an interest in a company holding such licences, though the outcome of these negotiations is at present uncertain."

Beyond that the Interims have since stated:

"...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..."

One can only assume that greater detail may be included in the next Investment Review but I would expect this will only ever tend to deal with those investments seen as core. I think it's understandable that they would not necessarily want to openly/regularly disclose their non-core day-to-day trading strategies or the investments involved lest they compromise their trading activities by doing so.

On the Rame placing, as I supposed the other day, the reason they have not declared a change in their holding is because it has neither gone above 4% nor below 3%. This is now confirmed on the Rame website which has been updated to reflect the % holdings of the major shareholders:



I'm not well placed to carry out a precise calculation but the slight % reduction in PIRI's holding of Rame suggests that they did not add to their holding at all. Personally, I'm happy enough if that's the case because I kind of think they have more than enough in a single stock already, good as it is.

I'd like to think they're now keeping their spare powder dry for other near-term opportunities but WTFDIK.

[t-raider] 03/9/2014 16:33

RAME back to where they were pre placing and we bounced here intraday.

Higher lows... higher highs (hopefully)...

"T"

[t-raider] 03/9/2014 14:07

Outspan... do PIRI offer a breakdown of their investments held anywhere, as it does not appear to be reported in the financials or on their website ?

Any thoughts on when we might hear of further investments ?

I note nothing from them since the recent RAME fundraising, so maybe PIRI didn't enlarge their holding.

Do AIM companies have to release an annual report does anyone know ?

Thanks
"T"

[t-raider] 03/9/2014 11:30

Thank you MM's for some cheap stock.... trades at 0.0543 are buys.

"T"

[gbb483] 03/9/2014 08:13

Means nothing in the summer when demand is low due to the weather and holidays, it's obvious that energy that consumes resources will be held back. When demand ramps up in the winter coal and nuclear will be able to ramp up, wind however will languish in the doldrums.

If it wasn't for the politicians distorting the market, wind would be a non-starter. It depends on the weather which is unpredictable. The only way to go is tidal. That depends on the moon going around, and I can't see that changing any time soon.

[outspan] 02/9/2014 11:35

"...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..."

Wind/renewables is where it's at:

[outspan] 29/8/2014 12:22

No wonder the Rame CEO is so bullish about progress and early dividends. Can only see Rame going from strength to strength in Chile through its "pole position" with Santander for renewable energy projects:

[t-raider] 28/8/2014 09:19

Yeah sorry... misread your post.

Would be good to hear some news of progress... does anyone contact
PR directly ? Anyone got an e-mail address ?

Cheers
"T"

[outspan] 28/8/2014 09:12

Agree T, my last sentence refers.

[t-raider] 28/8/2014 08:50

They don't have to advise RAME if 4% isn't breeched, but they could / should advise investors of PIRI.Why miss an opportunity anyhow ?.. have watched REM do it constantly and it certainly hasn't hurt them.Here's hoping."T"

[outspan] 28/8/2014 08:34

Probably too soon, shares aren't admitted till tomorrow and, in any
case, new notification would not be required unless holding went
under 3% or above 4%. That said, I do think they should start
releasing updates when meaningful events occur in core investments.

[t-raider] 28/8/2014 08:17

Doesn't look like PIRI took the opportunity to up their investment in RAME as no rns from them.Would be good to know what's next on the agenda ?"T"

[outspan] 28/8/2014 08:12

Would expect PIRI to have taken a few more on board at that price.

[xcap] 28/8/2014 07:58

http://www.investegate.co.uk/rame-energy-plc--rame-/rns/placing-to-advance-wind-farms--chile/201408280700301737Q/