Growbags
10 Jan 2015
Re: 2015 Bowood,i have been keeping an eye on this company in the last few months and think it could be one of those dark horse plays that pulls a few nice suprises out the hat.At the moment they have a market cap of just £900k which looks far too cheap considering thay have £600k of cash and other investments valued around £1m.Also no debt and a clean balance sheet.I have a few pals in the city that follow smallcaps and the word is that PIRI are likely to be involved with the upcoming IPO of European Lithium Ltd,which from some initial research i have done doeslook like it could be one of the most exciting stockmarket floats of recent years.Recent appointmentshere of John May and Mr Gonzales could be to oversee that investment ( judging by their history ).It would be a very smart move if Piri do take an initial stake there as it is one of those type of investments that could multiply in value very quickly,and early investees and warrant holders couldsee some exceptional returns.I found these recent press articles on European Lithium Ltd which are worth a read.[link]
BOWOOD
01 Jan 2015
2015 The management still seem to be long on ideas but short on results. Let us hope that the coming year will see PIRI emerge as a company with potential that can be realised.
BOWOOD
21 Dec 2014
Buys Buying could well continue this week. New directors will want to push forward in the new year or there would have been no need for their appointment.
BOWOOD
19 Dec 2014
Buying Buying following the appointment of two new directors. Looks as if we can expect some corporate activity in the new year. SP covered by assets. Worth a look.
BOWOOD
21 Nov 2014
Armstrong Something going on at Armstrong which could be of interest to PIRI
BOWOOD
21 Nov 2014
Interims The half year report indicated that there may well be acquisitions and other transactions on the cards so we may well start to see value here, The investment in Rame also seems to be doing well.
