Share Name Share Symbol Market Type Share ISIN Share Description
Pires Investments Plc LSE:PIRI London Ordinary Share GB00BD07SH45 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4.70 11,123 07:45:41
Bid Price Offer Price High Price Low Price Open Price
4.60 4.80 4.70 4.70 4.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 1.49 1.00 4.7 8
Last Trade Time Trade Type Trade Size Trade Price Currency
10:13:52 O 10,263 4.65 GBX

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Date Time Title Posts
06/7/202209:54PIRES INVESTMENTS4,125
15/1/202109:35PIRI Spicy Hot & Ready to RTO518
18/1/201716:163rd time lucky3,320
26/4/201213:32Third time lucky-

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Pires Investments (PIRI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-05 11:48:394.6067030.83O
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Pires Investments (PIRI) Top Chat Posts

Pires Investments Daily Update: Pires Investments Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker PIRI. The last closing price for Pires Investments was 4.70p.
Pires Investments Plc has a 4 week average price of 4.65p and a 12 week average price of 4.35p.
The 1 year high share price is 8.60p while the 1 year low share price is currently 4.35p.
There are currently 166,334,391 shares in issue and the average daily traded volume is 266,861 shares. The market capitalisation of Pires Investments Plc is £7,817,716.38.
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: 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.
sdavis: The logic of this deal escapes me. - Both companies need cash soon (3 months) to fund their overheads - An equity raise is on the cards, further reducing the TERN share price - The 8p mentioned based on 15.5p TERN share price is now 6.5p given the reaction to the news by TERN shareholders. The TERN share price could fall to 10p following a raise, giving a PIRI share price of 5p. - Further declines expected in TERN share price as shareholders sell given the expected value in Device Authority is obviously now a myth - The business model of TERN has resulted in 5 investments over many, many years. PIRI has a multitude. I do not see how you can say the business model is the same for the two. I think PIRI would be better off staying independent and avoid being tarred by the TERN history of poor management, constant fund raises and total lack of appreciation of shareholders.
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.
bapodra_investments: wageslave - Yes I know but I am using 8p as the baseline based on the RNS. I am sure there will many shenanigans in the share price until then and even possibly a declining share price so that if anyone decides to sell they sell on losses with the market makers cleaning up. I think Tern going to 15.5p is not impossible and quite possible. The other way to look at it is if Tern's price declines then to buy more Tern shares so that a lower Tern share price is required to breakeven / profit. There are different ways to play this game and to exit with some form of profit and it all depends on what strategy one decides to adopt.
bapodra_investments: 7trademark - PIRI has risen today on what basis? Because the market has taken the price upwards because it wanted to. I am not saying PIRI will def. get to 8p. It may go no where near but the market will decide how high or low it takes PIRI's share price. The share price has risen today and do you think lots of people have been piling into to buy PIRI shares on this news!!! The market makers at their very best and they can drop the spread (BID/ASK) and play the tune of their choice. On what basis will Tern's share price always recover and it always does!!! I mean there is not point in Tern's share price going up say 30% to decline 45% only to rise 21%. You could argue that Tern's share price has recovered but investors could still be sitting on losses. PIRI's share price short term is now totally at the mercy of the market makers and how they play this.
bapodra_investments: One-Frankel - Absolutely. Something smells here on this deal. I am just waiting for PIRI's share price to go in to the 7p - 8p price zone. I am expecting the market to take PIRI's share price up to those levels but we will have to see. The market may even take PIRI's share price higher and above 8p so that Tern PLC look like they are getting a discount!!! LOL.
bapodra_investments: Well I am glad I bought more shares in the 4p price zone recently. PIRI's share price heading towards 8p and if I decide to sell then I will exit with a nice profit. PIRI's share price is bullish this morning but just look at Tern's share price. They realise that instead of getting any exits they are not going to be lumbered with more illiquid investments on their books. Tern's share price in the red but PIRI's in the blue. I was an investor in Tern and exited last year for a profit. I am not sure I want to go back into Tern so I may well exit PIRI and the only reason I will be able to exit with a profit is because I accumulated shares at lower prices in PIRI. My accumulation strategy provides me with a better chance to exit with a profit.
Pires Investments share price data is direct from the London Stock Exchange
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