Pires Investments Share Discussion Threads

[meganxmas] 13/2/2021 17:50

Festario just to be clear do Pires not own about 2m or so YOP tokens and 15 % of the company that issues the tokens. That does not eqaute to 15 % of eventual 88m yop tokens. The holding in yop is number of shares held x yop token price NOT 15%. Maybe you can clarify ?? Also re LOW do Pires not hold £200k of circ £20m ie about 1%. Can you also clarify ? I am not negative. I do hold some here. If the aforementioned explode in value pires will benefit. But a bit of honesty or accuracy would be good. As a final comment the sure plc share purchase is excellent... i would say that though cos hold shares in sure. Lots of pitential but currently price ahead of asset value ... thats the market !!

[nico115] 13/2/2021 16:23

Totally agree

[festario] 13/2/2021 15:46

My favourite place to start is Pires website.Then, I go to the websites of the investee companies listed there.Then I go to YouTube, and learn as much as I can about crypto currency.

[wilsonst1] 13/2/2021 14:48

I'm new to this stock. Are there any research notes. Ta.

[festario] 13/2/2021 14:45

For me yes.Chris Akers has bought almost 20% of this based on a similar price prediction, which he has tweeted about.However, if YOP and Pluto develop in a way which the founders have talked about, then it's multiple of 100pWe'll know soon enough.

[cool hand kev] 13/2/2021 14:32

Agreed £1+ target

[festario] 13/2/2021 14:14

Nico, I've chased too many unicorns, and failed miserably, VRS and IOF to name but too.Not doing that here.PIRES has a wide portfolio, across four sectors, most of which are already launched or operational.Some of them can be valued, others can only be guesstimated.The sum of the known parts tells me that they already exceed the current market capitalisation, by a high degree.

[nico115] 13/2/2021 13:24

Only need one of the unicorns to make it And Pires will be 1 quid

[avc0nway] 12/2/2021 23:58

Master RSI,
I refer to your posts 1053 and 1065, 12 Feb '21, and their charts.
Thank you, your work in posting these is much appreciated.

avc

[master rsi] 12/2/2021 23:57

close to midnight and YOP holding well up @ $3.5739994

[dorset64] 12/2/2021 20:37

15% x 88m YOP @ todays price = circa $50m to Piri + everything else to come.

[tomboyb] 12/2/2021 19:28

Looks like a fantastic investment so far -

[festario] 12/2/2021 19:26

Euclid, you are only including the coins which currently exist... you need to consider the 88m which will be farmed over time.PIRI are invested in 15% of the greater YOP valuation.It's immense, and will unfold over time.Then Pluto will launch, and spread, and further boost the portfolio valuation.

[euclid5] 12/2/2021 18:40

$3.78 YP now

$38m cap x 15% = $5.7m / £4m net to Piri

[tomboyb] 12/2/2021 18:17

Phenomenal rise -

[cool hand kev] 12/2/2021 18:12

YOP Maybe $5 by Monday 😂

[master rsi] 12/2/2021 16:26

YOP a new BREAKOUT after retrace and bouncing from support

[master rsi] 12/2/2021 15:28

Paying 30% premium

I suspect paying with shares, PIRI needs to pay a premium, though it looks high the NAV much be much higher by now, over 4 month gone since the last valuacion.... at 30 September 2020, of 95.8 pence.

[festario] 12/2/2021 15:13

I like that deal, now I've read it.Issuing paper, rather than a cash placing, to buy a bigger slice of SVV.Very nice.28% now, so just stopping short of needing to make a formal offer. Nice strategy.

[master rsi] 12/2/2021 14:22

Purchase of shareholding in Sure Ventures plc
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to announce that it has acquired 1.5 million shares in Sure Ventures plc ("SV plc") from existing shareholders of SV plc (the "Purchase") at a price of 130 pence per SV plc share, representing a 30% premium to the closing mid market price of SV plc shares on 11 February 2021. The total consideration of GBP1.95 million, will be satisfied through the issue of 14,391,144 new ordinary shares in the Company ("Consideration Shares") at a price of 13.55 pence per share ("Issue Price"), being the closing mid-market price of Pires shares on 11 February 2021. The Purchase will provide the Company with a 28% shareholding in SV plc.

SV plc is a listed specialist fund which has a 25.9% interest in Sure Valley Ventures ("SVV"), the technology-focused venture capital fund in which Pires itself has an existing 13% direct interest and which is a sub fund of Suir Valley Funds - an Irish Collective Asset-management Vehicle. In view of SVV's successful track record to date, the Directors believe that it would be attractive for Pires to increase its interest in SVV. The Purchase will thereby enable Pires to increase its overall effective interest in SVV to circa 20%.

Background to the investment

Pires made its first investment in SVV in November 2019, prior to the fund closing to new investment, acquiring a 13% interest. SVV is a venture capital fund focused on investing in the software technology sector. SVV currently has a portfolio of 12 investee companies at different stages of development with a specific focus on artificial intelligence, the internet of things and immersive technologies.

Since November 2019, the Company's investment in SVV has performed well, with around GBP800,000 having been returned to Pires in cash from (1) SVV's investment in Artomatix when it was sold to Unity in December 2019 and (2) SVV's VR Education Holdings plc (AIM: VRE) when it realised its initial investment, as announced on 22 June 2020. Furthermore, a number of the underlying investments have also significantly increased in value, including Admix, Buymie and Cameramatics, where their present valuations are based on the higher price at which new investors have subscribed in later stage investment rounds.

SV plc is a company listed on the Specialist Market Fund Segment of the London Stock Exchange with a net asset value per share, as at 30 September 2020, of 95.8 pence and a market capitalisation of GBP5.35 million, as at 11 February 2021. Its principal investment is a 25.9% interest in SVV and a direct holding in VividQ, one of the SVV portfolio companies.

SVV's portfolio companies are outlined in the Notes to Editors section of this announcement.

Admission and total voting rights

Application will be made to the London Stock Exchange to admit the Consideration Shares to trading on AIM. Admission of the Consideration Shares is expected to occur on or around 18 February 2021 ("Admission"). The new ordinary shares will rank pari passu with the existing ordinary shares.

In conformity with DTR 5.6.1, the Company notifies that, as at the date of this announcement, it has a single class of shares in issue being Ordinary Shares and the total number of Ordinary Shares in issue is currently 128,179,061.

As announced on 9 February 2021, 719,227 Ordinary Shares will be admitted on 15 February 2021 pursuant to an exercise of warrants notification received by the Company, whereby the enlarged issued share capital will increase to 128,898,288 ordinary shares of 0.25 pence each.

There are no Ordinary Shares held in treasury. Each Ordinary Share entitles the holder to a single vote at general meetings of the Company. Following Admission, the enlarged issued share capital of the Company will comprise 143,289,432 ordinary shares of 0.25 pence each.

Peter Redmond, Chairman of Pires, commented:

"SVV has been a very good investment to date, with around GBP800,000 having already been returned to Pires in cash and a number of the underlying investments having significantly increased in value, and, as such, we are pleased to be able to increase our effective interest.

"We believe that SVV's investment portfolio remains highly attractive and we are confident that the companies within the portfolio hold strong potential for growth in value. We look forward to updating the market on developments across the portfolio in due course. "