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Yeah, this is the place for pessimists it seems. Twitter groups are more active. But I gather Telegram is where it’s at - just looked, the Pires group there has 228 members, of whom 55 are online right now! It includes all the TR1 holders bar Riverfort - whereas I think I’m the only one left checking this board more than once a week!
I can’t believe how little chat is on this board with Pluto IPO imminent ??
https://twitter.com/ShareTalkNews/status/1369334114139127824?s=20
Sure Ventures were quicker off the mark to make the announcement. PIRI would be taking on, should it make a move on SURE, increased investments in new start ups. Either way a potential interesting day in shares traded in both PIRI and SURE in store.
With PIRI taking 28% of SVV. Is a reverse takeover on the cards ? Or is this a strategic investment only ? a tad more holding notch up and PIRI will be obliged to absorb all the remaining outstanding SVV stock at the highest price recently paid. This is all speculation, but it does mean PIRI is intent on mopping up new venture outfits.
Ooops! Tens of £millions! (Not ten quid)
There are two IPOs coming up that could be worth tens of £s together.
Pluto (has been talked about), but if you listen to this months Spotify interview with Jamie Mitchell of Low6, he says the IPO is taking place in April, and draws a comparison with PointsBet , which IPO'd with 100,000 subscribers (same as Low6) and is now valued at at around £1.6Billion.
Jamie is very ambitious and wants to expand low6 across North and South America..
And is planning to live in New York from July..
If Pires have Circa 1.5% of a unicorn, that alone is 15 million
This is all about what's going to happen to ETHEREUM over the next few months, EIP1559 is taking place in the July "London Hard Fork", which means ETH will become "more" deflationary than at present. Everybody knows that ETH is going to rocket this year and it will drag up with it any other token worth it's salt.....aka YOP.
Pluto has positioned itself perfectly as a "digital asset" business at just the right time. I underestimated ARB because I didn't really understand Crypto, but I've done a lot of research and now I GET IT! Ethereum is where it's at.
I don't mean to be negative Nick. But I'm clearly in here at a far higher price than you so from my perspective, it's waning :-) No, not slow, but perhaps normal for this new, emerging space. Mode has been equally rapid.
It's hardly waning antelope - it's literally trebled since they moved into the two assets in question. Last month Low6 said they were listing in Sydney in Q2. I believe Pluto is looking at a similar timescale for a listing on Aquis - given it was only formed in January you can hardly accuse them of being slow.
Do we know when these IPOs are going to take place? I mean more accurately than 'H1'? Share price is waning and we need news.
GedW we aren’t going to advance the debate if we rehearse the same points. Yes there isn’t a conventional “business” here, it’s an investment company giving private investors access to tech companies that are hard/impossible to access directly. They’re creating several million in value this year and I’m confident this will continue. Years ago this stock was a “value” play based on the sum of the parts being lower than the market cap. I would accept that 20p includes a level of value based on expectation of them continuing to make value-creating investments. Most successful companies trade at a premium to their assets, reflecting their ability to create value. Pires is no different. If you’re set on being a value investor you may need to go look elsewhere. You have my motives the wrong way around - I’m not hugely positive about this stock because I’m holding a massively long position; I’m holding a massively long position because I’m hugely positive about this stock. Time will tell if I’m as right at this level as we both were about it being underpriced when it was a fraction of this level last year. Now, enough about my motives for being a fan; tell us about your position here and motivations for being so negative?
Antelope - I think that £6.4m value for our Pluto shares at IPO is entirely feasible, possibly low. But the point here is that Pires have created that value from a £200k investment in December. They also have a £2m stake in Sure Ventures plc, a fair bit separately in its main fund Sure Valley Ventures, and a whole bunch of other direct investments including low6. And a fair bit of cash to deploy in more value-creating transactions.
Hi Nick. You are on record of stating a share price target of 21p. Well you would pump this price as it suits your situation ? But PIRI is no where near a value of that price on fundamentals. There is no income stream, there are a multitude of Business "ifs". So you are far off 21p price target, which I cannot see your logic.
Have a look at MODE? it has great potential as well.
Sorry.... 2.5%....
About one quarter of one percent, according to my off the cuff calcs, reading the RNS. Please correct me if I'm wrong.
What % of Low6 do PIRI own?
I'm currently looking at Piri and Gun ,trying to justify MCs etc..no doubt they will do well and exposure to Low6 seems to be a catalyst. I would welcome any investors here to post a justification of the current share price..and indeed where they see this going.
I know a lot of respected investors have put capital in here and see the ticker regularly on Twitter..just doing some research before entry. Cheers and GL.
Please forgive my ignorance... perhaps I'm misunderstanding something. But if Pluto IPOs for 50m.. even 100mill PIRI own 6.4%, so 6.4mill. So why all the fuss and why's it currently mcaped at 21mill? I'm a holder by the way, but not much, yet.
Not a nice day for the Market, FTSE down 90 points at one time but now recovering only 54 points lower, Piri is unchanged but on a very good price to buy on a T2 for 14.62p, It is time to get that CUP and Handle to the Apex, so time to get craking an put them on the buiyng list after yesterday's "lovely" news.
Hope MODE can do the same trick as Piri
Someone has been signing?
No it was SIGN who has gone to 15p bid
intraday chart http://uk.advfn.com/p.php?pid=staticchart&s=L%5EPIRI&p=0&t=1
It looks like a Cracking deal and share price accordingly has moved higher from the start 15p+0.50p
one month chart looks exciting.