Pires Investments Share Discussion Threads

[andre] 29/9/2023 15:44

Because it's assets cannot be relied upon to be anything but money pits perhaps. Just a thought. It also invests only in things that are not easily transparent like other investment companies. Usually with shared directors from what I have seen. All imho

[ellipses] 25/9/2023 12:30

The assets are AI/Blockchain/Gaming/Ad plays that pretend to be high tech but are just buzzwords with no teneble value. You lot would have been better off voting for Tern not that that lot would have had you or are doing much better.

[atlantic57] 23/9/2023 11:55

Why is this Company trading at such a huge discount to net assets .?

[stentorian] 14/9/2023 14:43

Change of name from Pires Investments PLC to Mindflair plc the epic or TIDM code should change from "PIRI" to "WTF".

[homtanks] 19/7/2023 18:22

Loaded and ready recovery in tech overdue could prove very cheap if exits come through.

[microscope] 25/5/2023 12:49

Since when was selling shares from a portfolio called 'expected liquidity events'.Eurghhh!

[kaos3] 25/5/2023 07:35

RNS - overview - at some investments we got revenue and or growth - why not same data at all investments i ask .... strange. should i worry

but at least we got some info

Pluto - no more de-fin ... for which i bought in... now another gaming .. grrrr

[kaos3] 19/5/2023 06:24

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.

[daicaprice] 18/5/2023 21:41

It does look a good punt from here, watching closely.

DC

[kaos3] 18/5/2023 21:11

low... hope some good news coming... still holding

[arab3] 10/2/2023 12:33

surprised the BOD at TERN are not putting in a bid at this price

[richer133] 10/2/2023 11:19

Engage XR raises £8.8M to capitalise on professional Metaverse opportunity
Sure Valley Ventures’ first investee company, ENGAGE XR Holdings Plc (AIM: EXR; Euronext Growth: EXR), has announced it has successfully raised £8.8 million via an oversubscribed placing of new shares.

This new funding will fuel ENGAGE’s journey to becoming a world-leading provider of virtual communications solutions through its new corporate metaverse.

Sure Valley Ventures initially invested in ENGAGE XR, formerly Immersive VR Education, in March 2017 and helped the Company scale up to IPO on the AIM Market of the London Stock Exchange in March 2018.

ENGAGE clients include well-known companies across many different business verticals, including Meta, 3M, Stanford University, Lenovo, HTC, KIA, and many more. ENGAGE is working hand in hand with each organisation to help make their virtual metaverse strategies a reality.

Sure Valley Ventures is an AI-focused venture capital firm which helps early-stage software entrepreneurs grow and scale businesses that will have a global impact.

In January 2023, ENGAGE announced it had successfully developed and demonstrated the integration of AI into its metaverse platform. ENGAGE’s engineering team used Open AI programmes, Chat GPT-3 and DALL.E to inhabit an avatar called Athena for real time conversations and interactions with humans. There is a demonstration here: hxxps://youtu.be/pK6Uo5-jDfE

Commenting on the Placing, David Whelan, Chief Executive, said:
“I am absolutely delighted by the support shown by both new investors and existing shareholders in this successful oversubscribed Placing. I am very excited by the opportunities for ENGAGE XR and the funding from this Placing provides the Company with the balance sheet strength to really capitalise on our leading market position and deliver against the significant market opportunity before us.”

[stentorian] 26/1/2023 16:55

hxxps://www.sureventuresplc.com/2023/01/12/issue-of-equity-2023/
"Sure Ventures PLC-Issue of Equity
Sure Ventures plc (“the Company”) is pleased to announce that it has raised gross proceeds of £ 200,000 by way of a private placing. This represents the issue of 191,387 new Ordinary Shares at 104.5p a share. This was the closing mid-price on the 11th of January 2023.

The money will be used for further investments, follow-on investment in Sure Valley Ventures (ICAV), the Sure Valley Ventures UK Software technology fund and general working capital purposes. The Investment has been made by one Institutional Investor.

Application has been made in respect of Ordinary Shares to be admitted to trading on the Specialist Funds Segment of the Main Market of London Stock Exchange plc (“Admission221;). Admission will become effective and dealings in the Ordinary Shares will commence at 8:00 a.m. (London time) on and around the 18th of January 2023.

Following Admission, the Company will have 6,646,472 Ordinary Shares in issue. The total number of voting rights of the Company will be 6,646,472. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company."

Why haven't Pires disclosed to shareholders that Pires Investments PLC interest in Sure Ventures PLC has diluted?

[roleybirkin] 21/1/2023 21:09

Not sure what a SPAC has to do with the thought of RGO and PIRI coming together?

[festario] 21/1/2023 21:05

Those elements are not so expensive, so not so attractive as to initiate a merger.Not only that, but SPACs are very dodgy ventures and seem to revolve around the secrecy of 'mates' in the know about impending listings, placings and RTO's Murky stuff, and they are more about making Directors have a comfortable lifestyle than looking after shareholders or actually creating anything.More of a financial instrument than an actual company.

[roleybirkin] 21/1/2023 20:49

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?

[festario] 21/1/2023 15:13

Economies of scale only usually apply when a company which physically produces something is able to benefit from sharing its costs with a business it acquires.Like construction companies sharing trucks, scaffolding etc.A SPAC basically buys shares in other businesses, and sometimes even these businesses are just other SPACs.So, I can't see how economies of scale could ever apply in a situation like this.What are they going to do? Share tweeting?

[kemche] 21/1/2023 14:00

But would they be able to get two sets of salaries?

[roleybirkin] 21/1/2023 13:05

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?