Pires Investments Share Discussion Threads

[knigel] 16/3/2014 16:34

Wow all those trades are from Advfn members who all post on the CR thread! LOL

[swizz] 16/3/2014 16:27

An interesting read and looks as if we are in good company in relation to Rame Energy stakeholders......GL S

[mike111d] 15/3/2014 13:01

I see that the pump and dump crew from the CR thread were taking their 10% profits yesterday, all rather predictable. Still better for the holders here that they have moved on IMO.

[xcap] 14/3/2014 18:27

m4, agree last sentence, that's why I bought yesterday
Divmad, hopefully a 7am rns Monday re the 168m seller

[divmad] 14/3/2014 18:08

Weak holder totally out, hopefully. Seen it many times before: long slow decline, climax selling trough, stability at low level for a while, and then sharp recovery.

[moreforus] 14/3/2014 18:05

its already started heading up..!!

the largest sell ever in PIRI has happened and it was forced ....

also I reckon all of these shell names will get a little boost come the new tax year as simply people will put some fresh cash to work and many have been deterred from buying anything into the end of the tax year....

if anything it is possibly the best time to buy when everyones glum!

[xcap] 14/3/2014 17:44

newsflow m4, when it comes it will head to .1p

I reckon Rame news/update will come soon, and remember the BoD should be looking at/working on other IPO deals

[moreforus] 14/3/2014 17:32

still not back to Wednesdays close

[xcap] 14/3/2014 08:33

Great start chaps
Well done all who showed faith and bought in yesterday

[moreforus] 14/3/2014 07:17

Took a few days on the way in....

[divmad] 14/3/2014 07:07

No Holdings RNS. Yet!

[xcap] 14/3/2014 04:02

Excellent posts chaps great research (swizz) and investigation
2106 outspan thanks great analysis and now makes sense
At 6pm today i looked at the prints and also thought as some did yet more dumping of stock
16m will go very quickly in the morning !
This should now clear the way for a fairer reflection of the value here
Posting from iPhone so apologies for errors

[outspan] 13/3/2014 23:28

swizz, I agree with your post 2102 and it entirely accords with the chart. There now being a big buyer has made the difference, at last allowing disposal.

m4, as swizz mentions, several of today's trades were cancelled. I'm surprised at how many sites have failed to reflect things as clearly as the London Stock Exchange

(Google shortened link to PIRI trade data on LSE)

Looking at the reliable oracle it's plain that the 90m and 78m sells at 09.05 were cancelled at 13.46, as was one of a duplicated 33m trades at 14.40, cancelled at 16.18

All very confusing but my own reading of the balance of large trades is that the re-instated 90m .04774 sell at 14.39 is taken up by the 50m, 20m and 20m .0525 buys at 12.02, 14.04 and 14.35

Whereas the cancelled 78m sell appears to have gone through at 14.40 as the one 33m sell that wasn't later cancelled plus a 45m sell at an improved price (??)

Again, could be wrong but I see no countering buys for these two but I calculate net buying of near 62m by PIs. If so, then we're talking about a remaining surplus of around 16m or about £9k's worth.

In some part it would account for the ongoing weak market at the close but, equally, it can easily be seen how little it would take to now soak up what's left of the Otterswick overhang and start getting back to a stable platform on which to start building further on Feb's news. Highly likely that management were well aware of this overhang situation and may well have a thing or two stored in the cupboard waiting for its passing. Hope so anyway!

[swizz] 13/3/2014 22:27

M4 - fwiw, my take on the trades, taking into account the deletions, 168M has been cleared from OUL/CE and of these 135M were picked up in four separate trades and the balance of 33M was picked up in the mkt by PI's during the course of the day.....GL S

[davidcod] 13/3/2014 21:59

Thanks outspan/swizz

Wish I got more too!!!!!!

[swizz] 13/3/2014 21:55

M4 - if my reading the administrators report is correct, they have been trying to place theses shares since late October/November....GL S

[moreforus] 13/3/2014 21:52

I'm a tad confused (about most things ) however if the 168 mill was city equities selling out today how have they been impacting the price previously ?? Do they hold more than 168 mill???

[moreforus] 13/3/2014 21:48

Ta guys ... Interesting ...so a forced seller...

[swizz] 13/3/2014 21:24

outspan, the more I read of the administrators report and also taking into account the time lines, I am beginning to wish I bought more than 5.3M today!.....GL S

[outspan] 13/3/2014 21:16

Ta swizz, explains a lot about the sag since about that time and PIRI's inability to escape it. What appears to be different is that a willing buyer of volume has emerged this last week.

[swizz] 13/3/2014 21:00

outspan, City Equities Ltd are in administration and have been so since the end of October 2013,.....GL S

Edit - Any shareholder of Piri may find it worthwhile to pay 90p and download a copy of the statement of administrators proposals from December 2013, IMHO it explains the overhang and also adds a better insight into today's share trades, along with the price slide from October.

[outspan] 13/3/2014 20:59

Authorised - In Administration

[outspan] 13/3/2014 20:51

Tells the story presumably

[outspan] 13/3/2014 20:46

swizz, yep, reckon it's more about the buyer than the seller. Look forward to seeing who it is. Keen enough to have started last week but had to overpay. Could have led to a bit of door knocking and a result.