Pires Investments Share Discussion Threads

[outspan] 23/10/2014 21:10

HD, just £190k, of course, after taking PR's £10k personal investment into account. Always good to see that whatever he has in his sights is seen as being worthy of backing it with his own money.

xcap - personally, I see a reverse coming at AVP. It is just the sort of empty shell that makes it a prime candidate and just look at the emphasis placed upon these sorts of angles in the PR write-up.

Makes PIRI's Interims worth a re-read. I had mentioned earlier how odd it seemed for PIRI, as an investment company, to have set up a subsidiary of its own and then to have "...entered into a partnership arrangement with a significant European wind consultancy/developer...".

Not the normal way for an AIM investment company to set up subsidiaries, undoubtedly with a separate business plan and mission. PR also a Director there by the way – Energy Investment Opportunities Limited, also at the same registered address as PIRI.

Anyway, this strategy is said to be due to them having seen a number of interesting international opportunities in Renewables and the purpose of this Partnership was for them both to focus on this sector, stating also that they had "a number of significant transactions under review".

I sense that either the recently formed PIRI/wind consultancy/developer Partnership Company itself needs a listing in order to further its ambitions in connection with a transaction or perhaps this Partnership merely identifies the opportunity and seeks to bring it to market via an RTO.

One way or the other, I fancy that they finally have prey in their sights and need a suitably funded, clean vehicle in order to take it forward and/or raise further investment capital and/or put a tangible means of valuation to it.

The subsidiary was set up in March. PR was appointed a Director in July. At the end of that month the Ints suggested near-term activity. Been a longer time bubbling than we were led to expect in the Summer but this now looks like something is ready to come to the boil. In today’s RNS PR talks of some of the transactions they see needing a rapid route to the public markets. Make of that what you will.

Interestingly, I see Peterhouse is also Armstrong’s Broker. It is now within 5 months for the said Peterhouse and 6 months for PR and AQ to benefit from a whole stack of warrrants, in combination worth 6% of PIRI. Thing is, that only happens if the PIRI share price is far enough above .1p to make exercising them worthwhile. So there’s the incentive, what about the plan?

Possibly in this same connection, PR has been a busy chappie of late. Looking at his list of current Directorships in connection with his AVP appointment, Energy Investment Opportunities is the PIRI subsidiary set up earlier this year where he became a Director in July. Two others, Cleeve Capital and Mithril Opportunities were only set up in mid-September and within a few days of that, another of his named Companies, Renewable Power and Light, changed its registered addy to the same as PIRI/PIRI subsidiary.

A month later we get a 13% investment in AVP and, to me, AVP looks for all the world as if it’s a perfectly clean, already funded, RTO in waiting.

We’ve been watching paint dry. Might finally be time to watch this space!

[xcap] 23/10/2014 16:41

as you say HD at least some action then

[xcap] 23/10/2014 16:41

any initial views on the deal LM/chaps

[h d shoring] 23/10/2014 16:33

Who put in the other £200K raised by avp .If it is a connected party then the 42% could turn out to be quite useful in future deals .

[h d shoring] 23/10/2014 16:13

At last an outside chance of some action
Not quite in line with what the chairman intimated they were going to do but at least inertia has been overcome.
Bit worried that hirshi bar kid is still chairman of avp.
He frittered away £5M in India star [now imic ] and has done no deal in avp for a long time .
Lets hope Redmonds move prompts some action .

[liquid millionaire] 23/10/2014 15:41

Armstrong Ventures Plc

("Armstrong" or the "Company")

Board Appointment and Placing to raise GBP 330,000

Placing

Armstrong is pleased to announce that Peterhouse Corporate Finance Limited has raised GBP330,000 through the placing of 1,571,428,569 ordinary shares (the "Placing Shares") at a price of 0.021 pence per share (the "Placing"). The Directors intend to use the net proceeds of the Placing for investment and general working capital purposes.

The Placing is conditional upon admission of the Placing Shares to trading on AIM. Following admission, the Placing Shares will represent, in aggregate, approximately 42.7 per cent. of the Company's enlarged issued ordinary share capital.

Application has been made to the London Stock Exchange plc for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 29 October 2014.

Following completion of the Placing, the total issued ordinary share capital of the Company will comprise 3,672,534,360 ordinary shares. The Placing Shares will be fully paid and will rank pari passu in all respects with the Company's existing ordinary shares.

Board Appointment

The Board is pleased to welcome Mr Peter Redmond to the Board of the Company as Executive Director, effective immediately. Peter is an experienced natural resource investor and corporate financier with over 30 years' experience in the SME investment market. He has gained particular experience in the field of reverse takeovers and mergers. Over many years he has acted on and assisted a wide range of companies to attain a listing, whether by IPO or reversals, across a wide range of sectors, ranging from technology through financial services to natural resources and, in recent years, has done so as a director of the companies concerned. He has reconstructed a number of AIM companies which have subsequently acquired or established operating businesses. Reverse transactions on which he has acted include Weatherly International PLC and IGas Energy PLC, in both cases acting as a director both before and after the reverse. Currently, Peter is Chairman of Pires Investments Plc and a director of Kennedy Ventures Plc, both of which are quoted on AIM.

Peter Redmond has invested GBP10,000 in the Placing and will therefore hold 47,619,047 shares in the Company, representing 1.3 per cent. of the enlarged share capital of the Company. Pires Investments Plc has invested GBP100,000 in the Placing and will be issued with 476,190,476 Placing Shares, representing 13.0 per cent. of the enlarged share capital of the Company.

[flojo] 23/10/2014 15:38

Am i reading this news right,they have just bought a 13% stake in a company ?

[h d shoring] 23/10/2014 12:51

last 3 days have been .036-.04 .038-.042 today.044 so would say all buys likely .

[flojo] 23/10/2014 12:27

Are .0044 buys or sells ,anyone?

[bungeetrader] 23/10/2014 11:36

Two and a half years since I first bought these and never been in profit yet. Average is 0.11p so cannot get excited yet! Ain't selling at a hefty loss but do feel at some point I will at least get my investment back.
Fingers crossed on that that front, it looks like it might be a long wait..........

[h d shoring] 23/10/2014 11:25

bit of interest today and price paid creeping up without causing a change.

[timely4] 20/10/2014 19:20

I had a bad experience with him a few years ago but was hoping this time would be different. Unfortunately not. I will give him until Xmas after that I will unload and go elsewhere.

[h d shoring] 20/10/2014 15:38

The chairman talks about IN THE NEAR FUTURE in the last accounts.
That is almost 3 months ago ,has he fallen asleep perchance ??
Where is the news ,the drive ,the pr.
Why is cha 4p+ and piri .04 I ask myself ,perhaps because empty promises do not cut it any more .

[flojo] 15/10/2014 08:30

Yet again ,nothing,how much longer for no news ,shocking.

[timely4] 13/10/2014 10:27

I have been pondering on the same Q.for this type of company the deals should be coming every 3 to 4 months not years.

[flojo] 13/10/2014 09:47

Are we ever going to have news here ?

[113mike] 09/10/2014 13:10

Topped up this morning on the drop.

[xcap] 03/10/2014 10:08

Rame will above 40p by Q1 2015. and hopefully well over 50p further into next year. Quality company , quality Board - rare. Says something about PR to have recognised this. Our value will come as well.

[bungeetrader] 03/10/2014 07:13

The news just keeps coming from RAME. I really should be investing in them for the longer term.........

[droftarts] 02/10/2014 18:05

Oooh some rapid movement at the end of the day !!

Can we expect a long awaited and interesting update in the morning? I guess not

Droft

[h d shoring] 02/10/2014 16:35

Importance of Rame announcement just sinking in with punters??
All we need now is news of other investment and we are off to the races .