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PIRI Pires Investments Plc

0.95
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Pires Investments Plc PIRI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.95 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.95
more quote information »

Pires Investments PIRI Dividends History

No dividends issued between 23 May 2014 and 23 May 2024

Top Dividend Posts

Top Posts
Posted at 07/12/2023 15:02 by atlantic57
It is a great pity that those who vote posts down don’t come on here and explain their point of view .I suspect the reason is that they can’t .

In a forced sale I suspect the investments that Piri holds are worthless.
So shareholders are locked into an oyster pot that they can only climb out of on a liquidity event .

Otherwise it means selling at a loss..
Posted at 07/12/2023 08:48 by homtanks
Added 515k to average down, if the navs announced are correct then the discount is massive at 0.95p

Pires Investments plc (AIM: PIRI), the investment company focused on next-generation technology, is pleased to
announce its unaudited interim results for the six-month period ended 30 June 2023.
Highlights
Company highlights
· Net asset value ("NAV") of £7,310,000 as at the period end (31 December 2022: £7,822,000), equating to
a decrease of 6.5% since 31 December 2022, albeit against the background of a difficult technology
market.
· NAV per share as at the period end was 4 pence (31 December 2022: 4.28 pence) and so Pires is now
trading at a 67.5% discount to its NAV.
Posted at 30/11/2023 08:10 by koti4
Nice one Bingo

Hearing that PIRI might have a release planned for next week
Posted at 14/9/2023 14:43 by stentorian
Change of name from Pires Investments PLC to Mindflair plc the epic or TIDM code should change from "PIRI" to "WTF".
Posted at 19/5/2023 06:24 by kaos3
diace ... i looked at how much piri asset value might be ... sure investment is like something more than 1 mil /sure investment 6 mil , having a good quater of it and declining atm/ , then some random non market investments needing more money ... lets say piri net assets imho would be cca 2 mil. now apply the todays market discount ...and here we are...

now

I must be wrong. can one put me wrong with the exact numbers.
Posted at 21/1/2023 21:09 by roleybirkin
Not sure what a SPAC has to do with the thought of RGO and PIRI coming together?
Posted at 21/1/2023 20:49 by roleybirkin
So Festario, you do not think RGO/PIRI could save on admin expenses plus shared compliance, due diligence fees and regulatory control?
What about risk and legal expenses?
What about the companies coming together with one board of directors and senior leadership team?
Posted at 21/1/2023 13:05 by roleybirkin
Interesting thought oliver.
Not sure Chris would be that keen, but I do feel an RGO and a PIRI could look to merge there companies and holdings?
RGO have an EV of just £3.88m against a NAV latest of £11.6m...

RGO taking out a PIRI would make eminent sense as they could have economies of scale on there joint costs and enhance the business NAV?
Posted at 02/12/2022 13:28 by stentorian
Boxer -

How does Nicholas Lee have the time to be an FD at Smarttech247?

What percentage to PIRI have in Smarttech it is less than 1% isn't it?



"Nicholas Lee – Executive Finance Director (aged 59)
Nicholas Lee has over 30 years of experience in international investment banking and working as a
company director. He qualified as a chartered accountant with Coopers & Lybrand and has a
degree in engineering from St John’s College, Cambridge. He worked for Dresdner Kleinwort and its
antecedent firms from 1988 to 2009, rising to Managing Director, Head of Banking, Hedge Fund
Solutions Group. During this period, he advised leading companies from a number of different
industries. Since then, he has been actively involved in AIM as a director of a number of listed
companies."
(Page 20)

Nicholas Lee
Current directorships (pages 103-104)
ACL Capital Limited
RiverFort Global Opportunities
plc
Chiswick School
Boustead Agriculture Limited
JL Services Limited
Pires Investments plc
Immotion Group plc
Oil and Gas Solutions Limited
Conduity Capital plc
Posted at 29/6/2022 09:29 by sdavis
Given you get 0.5 (approx) Tern shares for every PIRI share.

You can sell TERN at 12, equivalent to 6p for PIRI. You can buy PIRI for 4.9p. This is a 20% arbitrage opportunity.

This opportunity strongly suggests that the deal WILL NOT GO THROUGH. In other words an easy 20% profit on the face of it, but investors are not falling for it. Why????

Cairn will be keeping a close eye on acceptances, and I guess will be advising TERN and PIRI that they will need to provide more in terms of the logic of the deal otherwise it will fail.

If it fails then I see PIRI as having a for sale sign up, and could go for peanuts as they run out of money and have admitted that they are not the management to go forward with.

TERN management will have egg on their face. I doubt there will be resignations though as history shows that the directors stick around come what may (even the useless SP). My feeling though is that they will hasten trade sales as their ambitions to grow TERN through dodgy acquisitions will have been thwarted.

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