‘Next generation’ technology investment company Pires Investments (PIRI) has announced its results for the first half of the 2023 calendar year, emphasising portfolio resilience against a difficult background for small and technology-focused companies and that it expects to see further realisations or liquidity events from the investment portfolio “in the coming months”.
One of these days, folks are going to wake up and realise that it was all a dream, that prices they were paying for shares in some small caps in these early days of January 2021 were plain bonkers. You may think you know better but some of us old fools have seen it all before.
It is not quite in the league of that from Scancell (SCLP) but sub scale investment tidder Pires Investments (PIRI) is also clambering aboard the Covid bandwagon.
It is kind of sweet. The love big David Lenigas has for his fellow share ramper Chris Akers. Today it is Pires Investments (PIRI) where the dynamic duo are at play. the UK's top rampers of AIM listed dross are at it again.
Peterhouse is the broker, Chris Akers is on board, Dave Lenigas is too and now there is a paid for interview over at ShareTalk. It is almost the perfect cocktail. So what is the collective noun for a group of share rampers> A bluster? A promote? A festering turd? The stock here is Pires Investments (PIRI) and Big Dave has twitter diarrhoea.
On Saturday in my main stage AIM rogues presentation David Lenigas and Chris Akers both featured prominently. Big Dave is a shareholder in Pires Investments (PIRI) a stock that was my tip of the year but where I suggested banking gains as it now trade way above fair value. Chris Akers has today announced that he has taken his stake from 3.1% to 6.1% and Lenigas almost wet himself with excitement as he tried to tweet the news out asap, as you can see below. Caveat emptor:
Pires Investments (PIRI) was our tip of the year at a 2.3p offer on 27 December 2019. Today it has announced it is raising up to £1.65 million at 2p. The shares are 3.5p bid! Why the premium in the market when many of those taking part will be spivvy share flippers? Simple, uber ramper Chris Akers has taken one third of the placing.
this was our share tip of the year at a 2.3p offer on 27 December, the shares are now 2.85p bid so that is a 24% gain already. But we still see material upside. so here is that original share tip in full...
Continuing my look at the many investment companies on AIM I turn to Pires Investments (PIRI) to look at the costs involved and the oddity of these companies investing solely in listed companies.
