Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: GedW, 6 Dec 2023 09:18
Last post: GedW, 6 Dec 2023 09:18
Started: GedW, 23 Nov 2023 08:29
Last post: GedW, 23 Nov 2023 08:29
"A Company is not able to issue equity because the nominal value of each Existing Ordinary Share is
in excess of the market price of Existing Ordinary Shares and the 2006 Act prohibits shares being issued
at a price below their nominal value."
How far away is PIRES share price from its Nominal share price ? I have an idea the Nominal value is 1p ?
Is the historic share rejigging about to be repeated and scheduled ?
Started: BobsSocks, 18 Oct 2023 15:11
Last post: BobsSocks, 18 Oct 2023 15:11
Https://www.londonstockexchange.com/news-article/PIRI/new-investment-by-svv-uk-software-technology-fund/16172673
It is possible to imagine an AI model being trained on a local area and used locally to ensure correct delivery. Your big problem would be generating the training dataset, unless you dipped into Google Maps or a similar resource. Otherwise you are left with.... Oh, hang on. All your delivery personnel snapping pictures of stuff on people's doorsteps to build up the training set for you.
That could/should become a privacy nightmare. I may have to have some words with my Clan of Privacy Pirates.
Otherwise... Yes it makes sense.
Turn up at 23a Goatse Gardens with another dildo delivery. Snap a picture of four foot box next to the door. Send the picture back to local base. Picture matches previous dildo deliveries. Scan local Wi-Fi for IP addresses. Add Dildos to online advertising preferences. Add Dildos to Pizza Mailshots. Job Done.
What's not to like?
Started: GedW, 17 Oct 2023 13:29
Last post: GedW, 17 Oct 2023 13:29
With very few material share trades coming through, despite an upbeat AGM, and despite a new identity, there appears to be little support. Indeed there is no clear floor to the share price, if anything further weakness is the way forward by the look of things, unless some dramatic, and substantial sustained Corporate news is released. SVV has not produced any material upside either despite £millions of funds raised. I would imagine those funds now near exhausted so rounds of further fundraising announcements may already be in the pipeline. The current share price is not underpinned by NBV ?
Started: BobsSocks, 11 Oct 2023 13:54
Last post: djohntrade, 11 Oct 2023 20:17
Maybe just holding on behalf of their client as instructed by CA? Ready to action as required.
It appears the deal between Cisco and splunk is done. So v bullish for smart tech.
Oh,
"Maybe Peterhouse wanted more holding?"
If the numbers stack then Peterhouse, the companies broker, had a holding of zero before. Do brokers take a holding in the company they represent?
Don't really follow Pires. Cropped up when Tern tried to buy them. Having had a poke I see Peterhouse is their broker.
I'm sure it's all legit but 8 million @ 1.2p [?] makes £96K for services. Hang on my sums must be wrong. 4.37% of the company for 96K makes it worth £2.2 million.
"The current PIRI market cap is 2.44M. The company's latest EPS is 0 and P/E is N/A."
Wow.
And now you are suggesting Akers took or rather exchanged 4.4% of that for 'services'?
After one of Pires investments did a 'strategic deal' with Kerplunk?
You would have to take a guess that since they RNS'd the deal it must, literally must, mean loads of wazonga on the way, unless it doesn't, so why did Mr Akers apparently get rid of a third of his holdings, to the companies broker no less, on the day that one was announced?
Could the transfer of shares to Peterhouse been in lieu of a payment for services from C Akers for example? Maybe Peterhouse wanted more holding?
Still makes no sense. Assuming the 8 million is a match, be a strange coincidence if it wasn't, why did Akers decide to dump over one third of his holdings to Peterhouse on the day Smarttech did a deal with Splunk?
Excellent positive news from this Investee outfit ,hopefully giving a boost to the bombed out share price. A positive in a sea of negatives.?
Last post: Mullins58, 11 Oct 2023 08:57
Smarttech247 Group PLC - Investee Company Update
Pires Investments plc (AIM: PIRI), the company focused on next generation technology, notes the announcement by its portfolio company, Smarttech247 Group PLC ("Smarttech247"), that it has entered into a strategic partnership with cybersecurity giant, Splunk Inc (NASDAQ: SPLK).
Splunk Inc., a cybersecurity and observability leader, helps make organisations more digitally resilient. Businesses use Splunk's unified security and observability platform to keep digital systems secure and reliable. Cisco Systems, Inc recently announced the intended acquisition of Splunk for around $28 billion to form one of the world's largest software companies.
The partnership with Splunk brings together Smarttech247's automation-driven and human-led VisionX managed detection and response (MDR) capabilities and Splunk's powerful SIEM technology solutions, creating a dynamic synergy that addresses the evolving needs of the changing threat landscape and delivers comprehensive solutions to drive security efficiencies.
This development follows on from the previous week's announcement by Smarttech247 of a new contract with an existing Government of Ireland Department client worth around ?400,000 over 2 years and a contract extension for another 3 years with another existing client, Auto Nation, the largest car retailer in the United States.
Nicholas Lee, Director at Pires Investment Plc, commented:
"The partnership between Smarttech247 and Splunk Inc. clearly demonstrates Smarttech247's progressive approach to cybersecurity and is further evidence of the progress that the company is making in the cybersecurity sector."
Are Low6 still going to IPO?
Started: GedW, 29 Sep 2023 15:19
Last post: GedW, 29 Sep 2023 15:19
On the one hand the Holding Company is suggesting everything is "hunky dory" in that the investee Companies have unlocked the vault to quote " potential upside in shareholder value" and on the other hand says that investee Companies may require further funding, suggesting shareholdings dilution ? But then we get an announcement that a Major Substantial Holder has reduced voting rights by some 5%. How can that be ? You tell me why on the one hand there is share value upside where there is a reduction in a significant shareholding reduction. The sums and perception in PIRI are confusing. Chuck more secondary funding requests monies at this alleged go getting things of the future at your decision.
Started: GedW, 13 Sep 2023 16:55
Last post: GedW, 13 Sep 2023 16:55
Whoopy Doo ! PIRI exhausted and come to the end of its current Corporate guise. A New name/identity. But will PIRI morph into the same old Corporate moribund outfit ? The chances are that it will in my opinion.
Already certain Sure Venture investee Companies have intimated they will need to raise additional funding ? How much is SVV worth £1 Millions ? after bleeding the market of investment funds totalling £20 Millions between them and the investee Companies. This stock has been proved to be an extremely poor Corporate Investment. Chuck more secondary offerings at your peril ?
Last post: Oliversydney, 21 Aug 2023 08:08
Good news at Smarttech 247 with contract win which is positive news for Pires
Good news announced today over
Hopefully we see some buying return here... wish I could afford to average down... anyway someone bought 4k today hope it continues...
Started: Castletogo, 12 Jul 2023 16:49
Last post: Castletogo, 12 Jul 2023 16:49
-16%
Started: roleybirkin, 2 Jul 2023 10:25
Last post: roleybirkin, 2 Jul 2023 10:25
Https://www.voxmarkets.co.uk/articles/nicholas-lee-at-pires-we-have-an-exciting-portfolio-of-tech-companies-that-have-the-potential-for-significant-growth-88a1810/
An exciting portfolio valued at 4.3p and trading at 1.825p (discount of 57.56%)
A very healthy £2.4m of cash at the time of the interview (72% of valuation)
Valuation at Friday's close on the RSP of 1.80 - 1.85p is £3.34m
Started: roleybirkin, 4 Apr 2023 21:56
Last post: GedW, 2 Jun 2023 17:11
Glad they kept that bit of insight to themselves which prompted them to buy in at "this lower price2" as they are down 25%on their investment ? Lets hope they dont buy any more at this current "lower price" as insight proved to be an unprofitable investment, just as well as it wasn't more than a few hundred quid LOL as it seems they know sweet fanny Adam acronym sfa, and like mega share price fall post investment. Corporate Equity and investing in start ups with lots of hope and promise but lacking in shareholder value upside with a pinch of scepticism.
Bread today jam tomorrow /
Soon it will cost you more to sell this share, including any proceeds to buy bread let alone jam What on earth are the Investee Companies doing to bring shareholder value upside. How many year's fall promises and false dawns / How many millions of shareholder support have been sunk into these moribund black hole coffers? Too much for nil return. The next phase will be more monies needed for working capital and marketing, leading to nothing return ? Corporate Finance only serves to enrich Corporate Coffers in my opinion. Even the Holding Companies are showing continued weakness and share price decline. PIRI will follow suit ?
Great to see some interest at this lower price...
Cannot believe we are sitting at a likely 50% discount to NAV as the nano cap and micro cap market looks set to perk up.
Started: K3VMC, 4 Apr 2023 16:09
Last post: K3VMC, 4 Apr 2023 16:09
Can some kind person remind me what our stake in Pluto Digital is?
Now Emergent Entertainment.
Indeed Bubba - so many of these investment companies trading at times at under 50% of there current NAV...
Likes of PIRI and RGO are two very such examples and RGO yields over 5% also.
That all changes when the sentiment turns.
Added this to my watchlist few companies like this trading way below there cash value
wonder if we have lower to go until we see a recovery.... fingers crossed we move much higher!!
Flim Flam. How much of investment strategy is based on Twitter posts ? How well informed is the info or like so much of verbiage is hype and speculation. No where is there any reports of increased sales/turnover market expansion from any of the Investee Companies just jam tomorrow and give us your money "NOW" ! ? Even speculators ducking and diving on the minutest share price fluctuation. No serious uptake of available shares taking place. SVV share price still stuck and hovering at stagnant levels. Convince the audience PIRI has the where with all investments to go places ? so for just hope and speculation and more and more fundraising. Sooner or later fundraising may end up in the Corporate Finance black hole. GedW's only opinion.
Started: GedW, 21 Dec 2022 17:30
Last post: Oliversydney, 12 Jan 2023 14:17
With the share price at an all time low and trading well below asset value would not be surprised if Chris Akers who has a large holding or an associate is considering bidding for the whole company as now would be a good time
An easy buy and hold for a decent return here. The figures speak for themselves. Company is making progress and profit and trading at a third of NAV. All it will take is some patience or maybe even not.
Some savvy investors may say "PIRI is a dead loss" so why not invest direct in https://www.londonstockexchange.com/stock/S247/smarttech247-group-plc/company-page
What could be worse than cutting out the middle men ?
When PIRI was talked up to 17p and beyond before Corporate Equity Fundamental reality and common sense kicked in. PIRI continues to show equity weakness so where do those alleged rampers or seasoned substantial shareholdings now see where PIRI share price is heading ? So far it is a slow down hill trend with no obvious upside allegedly.
Started: GedW, 15 Dec 2022 16:29
Last post: GedW, 15 Dec 2022 16:29
Looks like PIRI business as usual without any upside. If this is how its going to be, then there is no future news to get excited over. Just chucking good money on a moribund investment strategy. What PIRI needs is a flurry of rampers predicting 21p and beyond ? That strategy worked last tim ? However this PIRI is proving to be a poor portfolio investment strategy.
Started: 28jaczar01, 15 Dec 2022 07:37
Last post: 28jaczar01, 15 Dec 2022 07:37
News release issued by Smarttech247 this morning:
https://www.lse.co.uk/rns/S247/admission-to-aim-and-first-day-of-dealings-5fdkigkzbxx7hvi.html
Started: GedW, 14 Dec 2022 11:58
Last post: Oliversydney, 14 Dec 2022 14:11
Nice 200000 buy at full ask just gone through so maybe the share price is going by to move off all time low as trading well below net asset value
Positive response from PIRI to the latest SVV Investment fund announcement.
Nicholas Lee, Director of Pires, commented:
"Following its launch in March 2022, we are pleased to note the second investment of the Sure Valley Ventures UK Software Technology Fund. Jaid represents a very exciting, high-growth potential opportunity in the increasingly influential AI as a Service sector. The proceeds from the funding will be used to scale the business, grow Jaid's machine-learning team and geographical reach, as well as for the exploration of new verticals, such as the healthcare industry, where the company sees significant untapped value.
"We look forward to providing further updates with regard to Jaid and the SVV Software Fund in due course."
Maybe buys connected to SPREADEX long purchases on announcement of 15 Dec investee float ?
I found interesting how there were a few large buys a few days before news so clearly someone new something... I am guessing they have cashed out now.... I will average down here but probably has further to drop... :(
Having recently gone, allegedly , long on almost 6 million shares looks like SPREADEX LTD is expecting a nice earner from tomorrows float by one of PIRI's indirect investments. Investors appear not to be following the lead judging by recent purchases. With PIRI share price still showing weakening signs, mixed messages, as always, surrounds the direction in which PIRI share price will follow. But what is for sure at least one investee Company will be valued much higher than its current nbv.
Started: neilcl2, 1 Dec 2022 10:51
Last post: roleybirkin, 6 Dec 2022 09:06
RGO will hold 6.2% of Smarttech after it lists.
In turn RGO holds around 21% of PIRI.
Can see Pires has 20% of SVV, but how much does SVV have of Smarttech?
Started: 28jaczar01, 1 Dec 2022 07:46
Last post: 28jaczar01, 1 Dec 2022 07:55
Good news…..Here is the direct publication by Smarttech247….
https://www.lse.co.uk/rns/intention-to-float-on-aim-dgopcjz10dcnuik.html