Pires Investments Dividends - PIRI

Pires Investments Dividends - PIRI

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Stock Name Stock Symbol Market Stock Type
Pires Investments Plc PIRI London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 3.90 08:00:04
Open Price Low Price High Price Close Price Previous Close
4.00 3.90 4.00 3.90 3.90
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Pires Investments PIRI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

bapodra_investments: Between 2p and 4p is the optimum accumulation price zone for PIRI. Now some will say how can PIRI go down even lower than the current share price. Well look at sentiment for PIRI and you can see this via its chart. It is bearish and in a strong downtrend and that cannot be denied. Then look at the volume and the share price continues to make new lows. Do not discount - 'Mean Reversion' of the share price factor and this is more prevailant on AIM listed shares than one may think. I will be looking to accumulate more shares in PIRI in the 3p-4p price zone and most certainly in the 2p-3p price zone. I do not see it going down any lower than that price zone so that is my ultimate downside risk assessment at this moment in time. Some may ask why would I want to buy more shares in a company that I am not 100% confident in and why in a company that I am not a long term investor in? Well I want to exit PIRI with ideally with a profit or at the very least a small profit or break-even and for that I must accumulate at the lowest levels to really bring my average down so that when that news drops which is spin galore and the price spikes over 2-3 days or even for a couple of weeks then it allows me to exit as per my aspiration. I have done this same strategy in Vela Technologies, Blue Star Capital, Tern PLC and others. It just requires patience and discipline. Make no mistake once the share price has confirmed the bottom we will see a trend change upwards because if we do not then PIRI is dead and finished.
bapodra_investments: Thank you Steve. I received my 'Corporate Action' email from my broker about Pires Investments PLC and the conversion date and by the start of August 2022 anyone who does not sell their PIRI shares will all be Tern shareholders. People just need to make sure they record how many PIRI shares they had and what their book cost was for those shares and much capital they had invested and what their profit/loss position was in PIRI so that when the conversion happens and the price action for Tern PLC shares begins it is clear what the individual position is for everyone. I have created a simple spreadsheet with the following details (below) on it. I will also record exactly the same details for Tern PLC once the conversion happens so I am under no illusions what my actual position is and what my profit/loss position is against my actual book cost not what the broker states online based on date of conversion or any other shenanigans. PIRES INVESTMENTS PLC,ORD GBP0.0025(PIRI) Name / Latest Price / Quantity / Value / Book Cost / Gain-Loss / Annualised Return I wonder what will happen to PIRI BB and threads on ADFVN? Will they merge automatically into Tern's or remain as they are?
bapodra_investments: stentorian - Thanks for clarifying. It changes very little. The Sure Valley ventures thread then has a BB on ADFVN and its threads are what I stated they were. In fact your clarification makes it even worse for me as more sub funds and sub this and sub that. I mean talk about trying to make it as obscure as possible for prospective investors. I mean it is what it is but how one can work out how much of SVV or its sub fund or whatever is worth within PIRI's own investment portfolio is the key and for that all this obscurity makes it even harder. If you can clarify this following question stentorian then you are an absolute STAR and GEM on this ADFVN platform. What amount does PIRI's investment in SVV equate to in PIRI's own investment portfolio? So not how much PIRI's stake is in SVV or its sub fund or whatever. We all know that as PIRI have regularly disclosed that in its RNS's. What does PIRI's investment in SVV equate to in percentage terms in PIRI's own investment portfolio? If you can answer that question with any confidence/conviction or accuracy and the answer is credible and supported by some credibility then you have done better than any of us here on this PIRI's thread.
bapodra_investments: One_Frankel - I do not agree. If PIRI cannot experience any liquidity events for its investments and no exits happen then it will need to raise equity to be able to pay its costs and make new investments which are 'cutting edge' as there is so much traction in disruptive tech. How many times do you think PIRI can go down the equity raise route without any significant exits? The problem is SVV (Part 1). How on earth is PIRI going to exit SVV Part 1? It requires a buyer willing to buy their shares. Just look at the SVV BB on ADFVN and you will understand that there is very little interest. Now I appreciate ADFVN may not reflect the real interest out there but I think PIRI realise and so do SVV that no exits here are imminent so this deal keeps the narrative going of excellent progress being made. I agree that PIRI's best bet is the Tern dealing going through which is why I am voting in favour of it but make no mistake I will be looking to exit my new holding in Tern as it is not an investment for me. You keep saying PIRI will have very decent momentum in the coming weeks and for your sake I hope you are right. I have seen the momentum for some of your suggestions in Kanabo and the COVID investment in Vela (cannot remember what it is called now) so I apologise if I do not share your view on this one. I am happy to be wrong as it will allow me to exit PIRI prior to the conversion but I cannot see it. Let's see buddy.
bapodra_investments: Boxer - I am voting for as I agree that without this deal PIRI is dead. The market will have very little confidence in PIRI now as a result. Just look at Sure Venture BB. It is like a silent movie! That tells you everything. PIRI has demonstrated by negotiating and agreeing to this that they themselves do not have the confidence of executing any exits on their investment book and so if the deal did not go ahead why on earth would people start investing in PIRI. I openly accept that I got it wrong on PIRI and this is one of my errors/mistakes. We all make them and this one is mine. My saving grace is going to be that I bought PIRI shares at the low prices as you know and so if there is any spike in PIRI like One_Frankel suggests then I may get an opportunity to exit with a profit or my chances of profiting from Tern PLC is higher than some others on here. If need be I will purchase Tern shares at lower prices to aid my exit from Tern after conversion. PIRI has very little chance now to survive without this Tern deal and I think most of us do not even know the worst of it and what has led PIRI to this point.
bapodra_investments: RNS out this morning. Key parts for me were (below): "Note: Nicholas Lee, Director of Pires, is Investment Director of Riverfort Global Opportunities plc" The above is something I have an issue with and look how this is all playing out. Nicholas Lee will not lose and he will make sure he wins but what about all us shareholders in PIRI? (a) Ordinary Shares of 0.25 pence each held by Riverfort Global Opportunities plc ("RGO") Shareholder Pires Ordinary Shares Percentage of Pires issued share capital Riverfort Global Opportunities plc 30,914,193 19.23% So nearly 20% of PIRI's shares are owned by RGO and so if RGO sold their shares it would have a significant impact on PIRI's share price. I wonder if we are looking at this in the wrong way. What if RGO are in trouble and RGO needed to sell their shares in PIRI which meant PIRI would be in trouble and that seems to be overlooked in any discussion on this thread. I am not saying it is as I do not know but it could be that RGO is the problem. This next bit below means by the end of this month we all know what is going to happen. (b) Warrants over ordinary shares of 0.25 pence each held by Riverfort Global Opportunities plc Shareholder Warrants held Date of grant Exercise price per ordinary share Expiry date Riverfort Global Opportunities plc 4,814,200 30 June 2020 4.0 pence 30 June 2022 After 30th June 2022 RGO still have 30m shares in PIRI!
bapodra_investments: Still Waiting - The thing I am not 100% sure on is what my investment will be worth after my PIRI shares convert to Tern shares. Here I am going to have to make sure I am 100% clear what my book cost was prior to the conversion. I think I will get roughly 50% of the number of PIRI shares I hold in Tern shares but what will they be worth after conversion? That is the bit I am unsure on as the 8p PIRI shares does not mean my Tern shares equate to the price of PIRI at 8p when I look to sell so this is going to confuse a lot of PIRI shareholders and investors after conversion making sure they know that the value of the book cost of Tern shares could well be different to the book cost of their PIRI shares depending on the online broker they are using. I really do think Tern and PIRI should be doing an online interview like Peter Wall does at Argo with Q&A session. That is the very least they can do so that investors and shareholders can ask them questions about this deal.
bapodra_investments: Still Waiting - That is your view but the chart and price action do not lie. If PIRI is in such dire straits like you suggest then surely I am right that I may have made a mistake. I am not scared or afraid to admin when I may have got it wrong. It allows me to focus on an exit strategy and then move on as I do not get emotionally attached to any investment or trade. I do not hold for the sake of holding because I don't want to evidence I am wrong unlike some people who will sit on losses for years and years until their capital has been eroded because they do not want to take a loss. If PIRI are stranded without Tern and none of us knew Tern and PIRI would be doing such a deal months back then surely that infers a potential error. Yes it is always someone's fault. So my investments in PIRI are my fault. PIRI's lack of performance is PIRI's BoD fault. Sorry but there is always someone to blame so I do not buy your view at all as it is a cop out view.
bapodra_investments: One_Frankel - Yes there will be exceptions. However, if you just go into the Sure Valley Ventures (SVV) ADFVN BB and look at the chart, price action and its own BB you will see all are more or less dead. So why are investors not investing in SVV directly as it is listed on a UK Exchange called AIM!!! If no one buys SVV shares then I cannot see how PIRI's valuation in relation to SVV can increase regardless of whether the individual companies within SVV increase as PIRI is not invested directly into the companies that SVV has invested in but PIRI is invested in the company SVV itself. Now this is absolutely 'PANTS' as if PIRI are any good then ask why they have not invested directly into the companies!!! I openly admit I have made an error on PIRI and the weakness/flaw in my own due diligence is that I got suckered into the different areas of disruptive tech that PIRI are exposed to which I was getting by investing in PIRI but I should have focused on the SVV structure more as I think if I had then I possibly would not have invested in the first place but I have learnt a very important lesson there. I need to improve my due diligence more specifically in the structure of the investments. To be honest I will be investing directly into start ups myself so I will be avoiding AIM listed or any UK listed VCT style companies as I am not impressed by them one bit.
bapodra_investments: Steve - If PIRI was doing so well and the board were so happy then why on earth would they agree to such a deal? Something smells very bad. I mean who instigated this? Did PIRI instigate this or did Tern? I suppose both are as desperate as each other and most probably met in the Investors Gentleman's Club and thrashed this out! I have no interest in being a long term shareholder in Tern PLC but I may have to wait for this to play out and my PIRI shares get converted into Tern shares and then formulate a strategy which allows me the chance to exit Tern PLC with a profit from my PIRI investment which may require me to buy Tern PLC shares if the price declines. The more I think about this the more shocking it is. In fact disgraceful. I have been openly stating on here my concerns about PIRI and how much SVV equates to in PIRI's portfolio and not one person could answer me. Now SVV which is listed by the way is now going to be hidden in all the mess of Tern PLC so how someone is going to work out what percentage amount SVV equates to in Tern's portfolio is beyond me. Also the interconnections between RGO and PIRI. Disgraceful is the most polite word I can think of.
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