Pires Investments (PIRI)

Sector:

Real Estate

Index:

FTSE AIM All-Share

3.30p
   
  • Change Today:
      0.100p
  • 52 Week High: 5.35
  • 52 Week Low: 1.55
  • Currency: UK Pounds
  • Shares Issued: 119.47m
  • Volume: 92,714
  • Market Cap: £3.94m

Pires Investments eyes new renewable energy projects

Date: Wednesday 30 Jul 2014

LONDON (ShareCast) - Renewable energy project financier Pires Investments revealed it is eyeing new projects in the sector as it moved into the black at the half-year.

Pires, which invested £465,000 in AIM-listed Rame Energy earlier this year, said it had seen a number of interesting international opportunities in renewables and had set up a subsidiary to focus on it.

Chairman Peter Redmond said: "We have a number of significant transactions under review and have entered into a partnership arrangement with a significant European wind consultancy/developer in relation to one of them."

Rame, which listed in March, has done a deal with Spanish bank Santander to finance wind farms and bought UK-based solar engineer Beco Solar. It has also begun building an initial 15 megawatt wind farm project in Chile.

Pires also said it would approach shareholders in the near future to propose a re-focusing of its investment policy and it expected extra appointments to strengthen the company's experience and profile.

It posted a pre-tax profit of £22,500 for the six months to April 30 against a loss of about £195,000 a year ago.

Shares in Pires rose 0.01p or 21% to 0.06p at 16:06 in London.

PW

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PIRI Market Data

Currency UK Pounds
Share Price 3.30p
Change Today 0.100p
% Change 3.13 %
52 Week High 5.35
52 Week Low 1.55
Volume 92,714
Shares Issued 119.47m
Market Cap £3.94m

PIRI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.70% above the market average16.70% above the market average16.70% above the market average16.70% above the market average16.70% above the market average
7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average
Price Trend
89.24% above the market average89.24% above the market average89.24% above the market average89.24% above the market average89.24% above the market average
96.43% above the sector average96.43% above the sector average96.43% above the sector average96.43% above the sector average96.43% above the sector average
Income Not Available
Growth
85.22% above the market average85.22% above the market average85.22% above the market average85.22% above the market average85.22% above the market average
96.30% above the sector average96.30% above the sector average96.30% above the sector average96.30% above the sector average96.30% above the sector average

PIRI Dividends

No dividends found

Trades for 10-Jul-2020

Time Volume / Share Price
15:16 60,405 @ 3.15p
13:22 18,929 @ 3.15p
12:24 11,880 @ 3.27p
10:37 1,500 @ 3.27p

PIRI Key Personnel

Chair Peter Redmond

Top of Page