Pires Investments Share Discussion Threads

[outspan] 12/1/2015 22:53

xcap, what certainly stands as our guide is that consultant and largest single shareholder, Manoli Vaindirlis, invested at a considerable premium of .1p. Did he do that with a vision of waiting more than 18 months and then only making just 100% on his c. £350k?

Even that would represent more than a 300% potential for investors AFTER recent upward momentum but his vision was surely of something much, much more rewarding...

Finally, the signs are coming together that the game is kicking off.

[5baggersrus] 12/1/2015 18:04

seems most likely given the piri investment late last year

[moreforus] 12/1/2015 17:19

woooop woooop ?

AVP to be the RTO vehicle ???

[ashleyjv] 12/1/2015 16:54

I haven't got anything intelligent to add besides ker-ching

[outspan] 12/1/2015 16:51

Revealed for the first time via the new website that Manoli Vaindirlis is a consultant:

hxxp://www.piresinvestments.com/consultants.php

"Manoli Vaindirlis

Manoli is a South African entrepreneur with a 25 year track record of growing and turning around businesses in a wide range of situations and environments. By the age 23 he purchased his family owned business in a joint venture with Investec Bank. He has been a founder investor in numerous private companies over the past two decades and has latterly taken supportive holdings in small cap quoted companies. Manoli moved to the United Kingdom in 1994 has an extensive business network in Europe and Africa and has broad based experience in structured finance and distressed assets."

As previously observed, this is the guy behind Ambrosia, PIRI's largest single investor (16.15%). More pointedly, the guy/company that was one of only two investors providing the £500k capital in the last placing at a 43% premium to the then share price i.e .1p (still the minimum at which new PIRI shares can be issued) while the share price was around .07p

Long term plan/patience about to be rewarded?

[moreforus] 12/1/2015 16:30

BOOM!


that was the best day for a long time!

[outspan] 12/1/2015 16:20

Note the new London Office in Jermyn Street, previously only Registered Office shown. Also new email contact, previously none and phone number, previously none.

Previously hiding under a bushel, every sign that PIRI is readying itself to blossom.

[outspan] 12/1/2015 16:12

Wow!!! Something happening here alright! Look at this fabulous new website compared to the previous load of outdated poo!

[moreforus] 12/1/2015 15:40

3.3 mill just bought at 0.059!!!


news coming??

[5baggersrus] 12/1/2015 15:30

anyone know if European lithium have a vehicle to reverse into or are they doing an IPO from scratch....?

[moreforus] 12/1/2015 15:27

lolo 250k max......

could this be ....it!

[moreforus] 12/1/2015 15:18

well its being bought at 0.05

1 mill max at 0.05

[outspan] 12/1/2015 14:47

Could easily see PIRI having invested in both of above, sub 3%, either in conjunction with listing or since. Likewise, could easily see PIRI and AVP becoming vehicles of some sort to fulfil CLEE/MITH any RTO ambitions, in which case PIRI could benefit twice over via the 13% AVP stake.

Interesting times!

[outspan] 12/1/2015 14:04

outspan - 21 Dec 2014 - 23:07:49 - 2845 of 2876



"Sargent is also a director of Mithril Capital, another special purpose acquisition company seeking a standard listing at the same time as Cleeve Capital and focusing on the natural resources sector.

Sargent will introduce any acquisition opportunities in the natural resources sector first to Mithril and opportunities in the TMT sector first to Cleeve Capital"

[outspan] 12/1/2015 14:03

Of course, both CLEE and MITH have since listed and have bags of new capital with which to pursue opportunities and Redmond involved with both along with Rodger Sargent.

Looks fairly certain that the changes to both the Boardroom and the finance appointment are gearing up to a meaningful corporate event.

Still keep thinking of those warrants maturing in a couple of months, needing the share price to be well above .1p by then and also that RA lost his Directorship to the new guys but was retained as a consultant, specifically to oversee PIRI's listed investments. Eh? So what will the new Board be focussing on then?

A veritable web of linked, solvent and well funded companies. Just coincidence MITH rhymes with Lith I suppose.

[outspan] 12/1/2015 14:03

outspan - 21 Dec 2014 - 16:43:38 - 2839 of 2876

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.

[moreforus] 12/1/2015 13:41

max buy is 1.5 now at 0.05...the 0.04 bid is a little...misleading,,!

[moreforus] 12/1/2015 10:52

wow an actual blue day andbreak out!

[outspan] 12/1/2015 09:38

Oh LM, you are such a tease! :-)

[moreforus] 12/1/2015 09:06

max buy 1 mill even after those sells...

[moreforus] 12/1/2015 08:39

lol dumpers

[liquid millionaire] 12/1/2015 08:35

Je suis PIRI

[moreforus] 12/1/2015 08:34

SmartVestor
Posts: 1,025
Off Topic
Opinion: No Opinion
Price: 0.04
View Thread (2)RE: SmartvestorSun 17:47Millwall,check out this recent post over at the interactive bb,i wonder if this IPO is what PIRI have been keeping their powder dry for ? it certainly does look an interesting possible move !

12:21 - 10/01/2015 - Re: 2015

i have been keeping an eye on this company in the last few months and think it could be one of those dark horse plays that pulls a few nice suprises out the hat.At the moment they have a market cap of just £900k which looks far too cheap considering thay have £600k of cash and other investments valued around £1m.Also no debt and a clean balance sheet.

I have a few pals in the city that follow smallcaps and the word is that PIRI are likely to be involved with the upcoming IPO of European Lithium Ltd,which from some initial research i have done does look like it could be one of the most exciting stockmarket floats of recent years.Recent appointments here of John May and Mr Gonzales could be to oversee that investment ( judging by their history ).It would be a very smart move if Piri do take an initial stake there as it is one of those type of investments that could multiply in value very quickly,and early investees and warrant holders could see some exceptional returns.

I found these recent press articles on European Lithium Ltd which are worth a read.