Pires Investments Share Discussion Threads

[moreforus] 31/3/2014 16:02

whats PIRI stake worth???

[outspan] 31/3/2014 16:00

h2owater 31 Mar'14 - 08:57 - 2284 of 2291 0 0

£17m wind farm float in the air

A small British engineering company is set to raise £2m in a London float that will be used to finance three new wind farms in Chile. Rame Energy sells solar panels, wind turbines and diesel generators to industrial companies around the world. The listing,



xcap 31 Mar'14 - 09:32 - 2285 of 2291 0 0

thanks h20water, and dcod for bringing it to the bb so we get national coverage

so outspan Div.... that's about a $28 mcap


Yes, or at least on the face of it, insofar as we can believe that The Times actually has new information here and isn't just extrapolating from the various announcements in similar fashion to all the other articles so far on this subject e.g. we know Rame have announced their intention to list on 4 Apr and we know PIRI's RNS gave details of a fundraising taking place in parallel with the CLN facility at a value of US$27m (which is remarkably close to the £17m in the headline) and also of a pre-IPO funding of not less than $3.2m (which more or less equals the £2m they talk about).

I'm still thinking we won't know the full situation until Friday when we finally get sight of the Admission Document and how well Rame is received by the market in it's first dealings - I would guess very well! More info/clarity from PIRI would help too as to how this $33.33m Equity Value discount thing might work: as to how they intend to play this stake and others like it; as to when they intend to hold their overdue AGM; as to when they intend to publish the prelims, which must be 30 Apr latest. As things stand, not even a separate squeak concerning Rame's impending listing - come on PIRI, could do better!

[moreforus] 31/3/2014 14:40

its a shake n bake then T-beagle.,...

drop the offer if you have stock to sell mr market maker

[swizz] 31/3/2014 14:35

Interesting snippet on the BBC news today and perhaps one Rame will be picking up on in the months ahead?.........GL S

Link...



"Two wind farm projects off the coasts of north Wales and Yorkshire have received more than £460m in investment."

The Green Investment Bank is buying a 10% stake in Gwynt y Mor near Llandudno in Conwy and a 50% stake in Westermost Rough five miles offshore from Hull.

Gwynt y Mor is the largest of its kind under construction in Europe and will generate power for 400,000 homes.

Westernmost Rough will use 35 turbines which are almost double the size of most currently operating in the UK.

Construction on the site has just begun, while the 160-turbine Gwynt y Mor is due to be completed later in 2014.

Shaun Kingsbury, chief executive of the Green Investment Bank, said: "The UK has ambitious plans to build on its position as a world leader in offshore wind.

"We have two roles to play in supporting those plans: firstly, to directly invest to help developers recycle their capital into the next wave of new renewable energy projects; secondly, to invest on fully commercial terms to create a demonstration effect which others will follow."

Business Secretary Vince Cable said: "The Green Investment Bank is playing a game-changing role in financing our transition to a green economy.

"The bank has now invested well over £600m in five offshore wind farms and mobilised £1.3bn of total funding. This industry has the potential to generate thousands of new skilled jobs and billions in business investment."

Energy and Climate Change Secretary Ed Davey, said: "The UK is number one in the world for investment in offshore wind.

"This news is proof of the strength of investment in British energy infrastructure - and proof that the Government's strategy is working - supporting green jobs across the country and delivering secure energy supplies for the future.

"£34bn worth of investment has been announced since 2010 thanks to our electricity market reforms which give investors long-term certainty."

[the_beagle] 31/3/2014 14:30

Down like most of the rest of my portfolio. What's brought that on? Still want .0688p to buy though.

[moreforus] 31/3/2014 11:43

T beagle..With news this week why sell?

[h2owater] 31/3/2014 11:31

Pires profits from Rame float

Published by sparklehorse on 21 Mar 2014 at 17:56


The proposed AIM flotation of Rame Energy is good news for small, AIM-quoted investment company Pires Investments (PIRI). The expected admission date is 4 April.

Last month, Pires invested £410,000 in a three-year convertible loan note. No interest is payable for the first nine months and then, if the AIM flotation has not happened it is payable at an annual rate of 10%, accruing from the date of the initial investment. As long as the valuation of Rame is more than $33.33 million before any new money is raised then the conversion would be equivalent to a discounted valuation of $25 million.

No valuation has been placed on Rame in today's announcement. The nominated adviser and broker is Northland.

Plymouth-based Rame (www.rame-energy.com) is a consultancy focused on renewable energy projects in Chile. Revenues rose 10 per cent to $6.6 million in 2012, although pre-tax profit fell from $1.3 million to $1 million.

The flotation will provide funding for projects, which Rame intends to operate, providing power to industrial customers. Santander Investment Chile is co-financing 15 MW of wind farms on two project sites in Chile. Rame has 28 onshore wind sites which have a potential total installed capacity of 1.4GW.

Rame is also negotiating to acquire the rights to acquire a 20MW waste-to-energy project in the UK which will use rubber crumb as feedstock.

[the_beagle] 31/3/2014 10:21

Looking pretty strong atm as the market is still bidding .064p even after the 2 million sell, and demanding the full .07p if a buyer.

[xcap] 31/3/2014 09:32

thanks h20water, and dcod for bringing it to the bb
so we get national coverage

so outspan Div.... that's about a $28 mcap

[h2owater] 31/3/2014 08:57

£17m wind farm float in the air

A small British engineering company is set to raise £2m in a London float that will be used to finance three new wind farms in Chile. Rame Energy sells solar panels, wind turbines and diesel generators to industrial companies around the world. The listing,

[xcap] 31/3/2014 08:42

dcod
can you copy if not too big an article
or give us an overview?

[moreforus] 31/3/2014 08:27

3.7 mill taken at 0.0678p

RAME Friday...clock is ticking!

[moreforus] 31/3/2014 07:52

does it say buy PIRI up until 20p?

[davidcod] 31/3/2014 07:41

Need to be a subscriber:

hxxp://www.thesundaytimes.co.uk/sto/business/Companies/article1393835.ece

[moreforus] 31/3/2014 07:04

Got a link..???

[the_beagle] 31/3/2014 06:45

RAME IPO got a brief mention in the Sunday Times yesterday.

[5310carraroe] 28/3/2014 22:57

Any chance we could get the views of the GURU who gave us so much advice on ANGM and the odd dud ...

[ch27] 28/3/2014 22:38

What share are we talking about here?

[5310carraroe] 28/3/2014 22:36

I was also looking for a million

[xcap] 28/3/2014 16:13

seems to be tight here
will we close at .07p, if we did, will be a strong push to .1p next week.

even at these buys, if PR and AQ can pull off 2/3 RAME type IPOs this year we could be looking at .25p

that's a 4 bagger for starters!

[moreforus] 28/3/2014 16:12

well they probably got a call from a "proper" broker...

[xcap] 28/3/2014 16:10

those who bought 2x 20m on City Equities exit last week at .0525p must be sitting pretty.

[xcap] 28/3/2014 16:09

.069p paid

[moreforus] 28/3/2014 15:59

0.0678p pre weekend nibbles

only 4 trading days until "RAME" of the game!

[xcap] 28/3/2014 13:42

Div
Can't see this too much of an issue
Loose stock has been absorbed
It seems pretty tight to me ATM