Pires Investments Share Discussion Threads

[outspan] 21/12/2014 22:38

...and here's the detailed evidence, in respect of Cleeve Capital at least:



Particularly interesting that the oft maligned Peter Redmond is party to such an apparently fast-tracked pair of ventures, keenly supported by such shrewdies as Candy. As the Cleeve Chairman puts it "I am delighted that the Company comes to market supported by a tremendous shareholder base of institutional and high profile private investors. The placing was substantially oversubscribed, and I look forward to utilising the Company's quoted equity, cash resources and profile to acquire exciting businesses within the thriving technology and media sectors in 2015."

Good for him, hopefully also good for a revival of positive sentiment towards PIRI!

[cammy3] 21/12/2014 21:44

Yes and they say floating this week. Could piri and avp be taking a stake alongside candy. We will soon find out. Great find chaps

[outspan] 21/12/2014 21:39

Hmmmm!! Thank you richyrich, very interesting indeed!

[outspan] 21/12/2014 16:43

Indeed gbb, looks very exciting stuff.

Whatever PIRI now gets into under its new management, I sense a somewhat different shape to things. Perhaps not even an investment company at all, not a typical one anyway.

Already, rather untypically, we hear PIRI has set up a subsidiary in the renewables "opportunities" area. Name not stated but, according to research at Companies House, it is almost certain to be Energy Investment Opportunities Limited, as named in PR's list of current Directorships in connection with his AVP appointment.

In passing, not sure if it's connected to looming corporate action at either PIRI or AVP or both but I see two other companies in that list, Cleeve Capital and Mithril Opportunities (since renamed Mithril Capital) have recently been re-registered from private companies to public i.e. PLCs, having been only created in Sep 14.

Returning to the theme, we also hear that PIRI has "...entered into a partnership arrangement with a significant European wind consultancy/developer..." in relation to one of a "number of significant transactions under review". I'd say thats odd behaviour for a typical AIM investment company.

Furthermore, "...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..."

Clearly non-Board - but employees and earnings from consultancy work? Where are we going here?

"...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...."

So, presumably in that connection, all the old Board except the Chairman are now replaced but, rather strangely, one is retained as a consultant with specific responsibility for PIRI's listed investments. In normal circumstances, isn't that what the Board of an investment company would be doing themselves?

So, could we conclude that they have other responsibilities in sight for themselves? Perhaps a shift in core emphasis, existing investments maturing alongside a new consultancy business or similar?

If so, where does the most recent stake in AVP fit in? Almost certain to be an RTO there - and one that is Redmond-linked seems highly likely and he does seem to have been active in the company-creation stakes lately. Could we even see one at PIRI though? Certainly those new Redmond companies, PLCs even, have a strong financial flavour as indeed does the background of the new PIRI Directors.

No new money to be raised around here except at .1p or above, in itself a 100% gain from current levels. Millions of warrants expiring in the Spring at that level for just 3 parties - Redmond, Quarishi and the broker - need the share price to be comfortably above .1p to have value.

I guess the new Directors could use the Xmas lull to fill up. Signs are that they may have started already. Unlike Armstrong, they made no declaration on appointment.

Game on? There's certainly some evidence kicking around (including some good potential for financial reward via the warrants) to suggest that they'll be looking to start the New Year with a flourish.

[gbb483] 21/12/2014 09:03

If Piri want to find alternative technologies to invest in, they could do worse than follow this up:

[flojo] 21/12/2014 08:00

Morning all ,could this be the week for this to wake up and erupt ?

[t-raider] 20/12/2014 18:16

Apologies.. appears my 2 year old had something to say.Merry Christmas"T"

[t-raider] 20/12/2014 17:27

Lol zzz-oy6

[t-raider] 20/12/2014 17:26

G Yuri oily u

[22richyrich] 20/12/2014 08:23

Maybe its just a slow burner that will explode next week when the new directors history becomes more widely appreciated...

[moreforus] 19/12/2014 15:34

max actually 2.5 mill at 0.05

[moreforus] 19/12/2014 15:03

yep

can buy at 0.05 now lol

probably need another 20 mill buys to get the offer blown out to 0.055!!

[moreforus] 19/12/2014 12:28

yep and 1 mill follower

lets hope its john may!

still 2.5 mill left to buy!!!

[flojo] 19/12/2014 10:05

Nice 10 mill trade

[moreforus] 18/12/2014 14:58

max 2.5-3 mill now tdw

[flojo] 18/12/2014 14:56

TDW .00041 to sell .00045 just for 1 mill.

[outspan] 18/12/2014 14:54

From the Ints:

"...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..."

So that's what the "near future" feels like! Anyway, with this announcement, it's now half achieved, shareholders meeting and corporate action to follow?

[moreforus] 18/12/2014 14:38

think those are all buys

tdw now want 0.045 for about 5 mill max

[outspan] 18/12/2014 14:37

Didn't LM also suggest a little while ago that the finance lady had moved from HAYT to PIRI? Not included in this announcement but probably not necessary if not appointed as a Director. Very interesting all the same if part of the same package/strategy/outlook. Not for nothing I expect!

[moreforus] 18/12/2014 14:02

BT fingers crossed - think they will be investing a 100k gbp in RLH.....RLH owe the market an rns....

[flojo] 18/12/2014 13:38

Reakon its going to move soon and big time.

[bungeetrader] 18/12/2014 13:28

Board changes announced today. Mr May is also the Executive Chairman of Red Leeopard.
Can't help feeling that one day there will be a huge rise in the SP, just hope it's not too long to wait.

[flojo] 18/12/2014 13:26

News this good pepes ?