Member Info for Techtonic

Ps
I don't want to sound accepting of a fundraise - and I'm not- as I think it would be pretty shabby to do another placing before the ink is barely dry on the last one
But, this is the wonderful world of AIM

A few months ago I speculated on a consecutive fundraise, especially after the employment of a second broker with both laudable and rather spurious reasons of " broker note and attracting institutional investors" respectively.

At the time I'm I laughed to myself a little, because how many institutional investors are attracted to small cap AIM stocks?!

However I put my scepticism to one side - that part that foresaw a back-to-back placing - and bought more has PIREs ncreased in value, with bigger holders coming on board.

However maybe I should have followed my instincts because this drop has all the hallmarks of those 'in the know' pre-empting a placing.

In some ways, it feels like this would be the only catalyst - other than CA increasing his holding ( which he undoubtedly would wither fundraise anyway!) Or direct investment - to get the price moving northwards.
The market certainly isn't enamoured of PIREs, despite it trading basically at NAV! Almost unheard of in tech stocks.

Nick, I see that you nuanced your position, from dismissing the possibility of a placing to ostensibly accepting the prospect for the greater good.

Certainly seems to need a catalyst of some sort, but it's disappointing that the previous placing cash has not been publicly directed or that the share price hasn't followed more hollow investment companies out there, for it has such great potential.

Hindsight's a great thing, and I'm ruing chasing this up a little to 6p against my gut, but still salving myself with the firm belief that 4p will be in the rear view mirror in a few months time.

By the way , Nick, I'd like to give you a call if I may?
Are you the chap who works for Allen Overy?

Cheers and GLA

Excuse the predictive typos again! Must check in future

.. Nick and x54v..
I suspect that we're at a level ready to bounce, and this must be attempting entry again for the bigger holders.

If you look at the weekly chart this is fitting in perfectly over a few months, but, as Nick said , it's disappointing I'm frustrating to see it plop down so low again.

There certainly needs to be some impetus to get this moving, and I agree that the market doesn't like inertia and needs to see what PIRI intends doing with it's free cash.

I've been intrigued by the daily rounded figure sells, who? (Or maybe it is is pure market trading involving many) and I would think the MMs have also collected a few for the next launch upwards.

I think a fall was inevitable after the broker target was released, following a steep rise, but I'm disappointed by the gravity of the retrace

Ps..Nick..
That's not an insinuation that you're selling; just wondered if you had a clue who is?

Hi chaps,
I agree this has become quite disconcerting now.
there's definitely a pattern to it and if it's one person then they have a hell of a lot of shares to offload - some nights speculate that thresholds would be crossed.

I hope this isn't a case of thresholds be notified on the way up but not on the way down.

Wonder if Nick has any idea what's going on here?

Best wishes everyone

Ooops...'building a stake'..
Only cows can build the other..predictive once more makes a fool of me!
Ps Roley.. the free float isn't that small, depends if you class large holders as not being part of it

Cheers Nick..
Well, this is my my largest holding by far, so I'm expecting good things over the next few months.

I was happily building a steak circa 3.2p and hoping it's take down there for a while, when it took off and I got sucked into buying quite a few near 6p, so a tad disappointed about that -especially to see her fall back down..

'Boring'? .. well in this day and age of expectation and immediate gratification it doesn't seem to have captured the imagination yet.. although that's no bad thing as long as it gains traction at some point..

The weekly chart is maybe indicativ of where this is going on peaks and troughs - all looks quite obvious with hindsight, always does..

I don't find the share boring, but I can see how people are finding it hard to value. But having said that , as you stated, there's so many other indirect investment companies out there blowing hot air , with much larger MCs, that it's disappointing not to be attracting more attention

Hi Nick..
Personally I don't like the ethos of shorting, although I accept it's part of the market - unless it's coordinated.

You never know with short-term shorts; maybe someone is armed with the information to do it.

Although I do agree with your wider synopsis that, while not completely risk-free, this has such a spread of talent and it's folio that the base feels quite stable.

In this day and age, atm at least, PIRI's "stability" may be seen as synonymous with 'boring' which doesn't attract the herd.

I do think this is a cracker for the medium/ long term, with a few surprises in store along the way.

By the way , Nick, do you mind me asking (and do you mind answering!? ;o) which were your trades, has everything appeared to be a sell today. (not that means much)

Is this being shorted, or are we seeing bigger holders trading this?
Maybe there's another answer - a transfer of shares going on - but the volumes and rounded numbers suggest big holders rather than your average PI

Afternoon Gk, PNNK and all..
Yes, this is a good example of the mysterious way the market values a business..

While other companies with much less, and certainly far less potential than PIREs, are trading at several multiples of value (and even that intrinsic value being spurious), PIRI find itself basically trading at NAV, even though the business has demonstrated it is picking up substantially income and turning a profit.

Whether the market is struggling for true valuation, or a bandwagon effect (sparked by Mr Akers), has not really started, we do seem rather sluggish.

I don't think the broker note will have excited many, as it was rather superficial guesswork, and also significantly understated the potential of some of the investments imo.
Wondering if if potential warrants hitting the market is holding this back a bit.

But if certain large holders hang on to their shares and increase, then I can see the free float being squeezed, and then I think the uplift will begin with good news flow

My my!
Such defensive cynicism.
I had a few in here and sold today and posted what I see as important in the RNS.

Baz, I can see you're getting in deeper here and hoping for a multibagger..

But the reality of NAK's situation is precarious to say the least, and the salient part of that RNS to me is:

"uncertainty to continue throughout 2020 and trading activity at all of the Group's businesses will continue to be affected in a negative way. As the various government support schemes are ended the Group will face a number of trading and cashflow challenges and without access to additional capital the Group's working capital situation may deteriorate."

They also allude to reduced volume of trading across the board.

I appreciate you're trying to ramp it up, but any potential investors should weigh up the reality.
I had a few quids worth but got out today.

Good luck though

Certainly in oversold territory on the technicals

PnNick, looks like you've been chomping, or rather champing..

Seems like it's been brought down with the general market pandemonium and worries, but also and inevitable fall imo after the recent rise and after Broker news. I think that left it nowhere to go short term.

I've been having a few nibbles too, and this share seems to be slowly but surely as the portfolio increases in value incrementally; although I'm still waiting for one or two of them to become blockbusters out of the blue, and there'll be a few big increases along the way, I reckon .

Some very chunky late reported trades from the 17th.. all roughly around the mid-price at the time..
Mr Akers accumulating more maybe?
(Or the converse!)

Market makers been taking the mickey here a little on low volume, although somewhat predictable after such a steep rise and then the broker note news.

Don't you just love predictive text..
Apologies for typos in last message; writing on my mobile

I think I better change my header!
Sating there are "problems" with a 140% increase on present price seems a little ungrateful!

However, I believe that when this gets motoring with more transparent investment revenue potential, Moore direct investments, combined with (hopefully) Chris Akers continued support, this figure will seem conservative.

Forget the planets and the stars, this will all depend on what Chris Akers has lined up for it.
And, no, I don't believe this is a scam, but the timing of possible events is unknown.