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Pires Investments (MFAI) AI Stock Analysis

GB:MFAI

Pires Investments

(LSE:MFAI)

Select Model
Rating:43Neutral
Price Target:GBX 0.24â–¼(-3.60% Downside)
Action:reiterated
Date:10/23/26

The score is held down primarily by weak financial performance (large TTM loss and consistently negative cash flow) and bearish technical conditions (price below all key moving averages with negative MACD). A debt-free balance sheet provides some support, but valuation is difficult to assess with a negative P/E and no dividend yield data.

Positive Factors
Debt-free balance sheetA debt-free balance sheet gives Pires Investments greater financial flexibility because no interest burden or refinancing obligation competes with operating resources. Meaningful equity relative to assets also provides a capital base that can support the business through periods of weak profitability.
Negative Factors
Severe TTM lossThe scale of the TTM loss relative to reported revenue indicates that the current business model is not converting activity into sustainable earnings. Continued deep losses can erode equity, constrain reinvestment, and make future performance dependent on a substantial improvement in profitability.

Pires Investments (MFAI) vs. iShares MSCI United Kingdom ETF (EWC)

-80%-60%-40%-20%0%20%40%GB:MFAI-62.96%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 1.32M
Dividend Yield
―
Average Volume (3M)
1.37M
Price to Earnings (P/E)
-0.3
Beta (1Y)
-1.34
Revenue Growth
2950.00%
EPS Growth
-273.53%
Country
UK
Employees
4
Sector
Financial
Sector Strength
68
Industry
Asset Management

Pires Investments Business Overview & Revenue Model

Company Description

Mindflair Plc is a venture capital firm specializing in growth capital. It provides access for public market investors to companies at an early stage of their growth trajectory. The firm is focused on both direct and co-investment in technology compa...

Pires Investments Financial Statement Overview

Summary

Balance sheet strength (no debt and meaningful equity) is a positive, but operating performance is very weak: TTM net income is a 4.66m loss with deeply negative margins and volatile results across years. Cash generation is also consistently negative with TTM operating cash flow and free cash flow at -161k.

Income Statement

18Very Negative

Balance Sheet

72Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue131.00K21.00K4,000014.00K0
Gross Profit131.00K21.00K4,000014.00K0
EBITDA-3.11M-1.66M3.15M-2.67M-366.00K1.49M
Net Income-4.66M-1.66M3.16M-2.67M-366.00K1.49M
Balance Sheet
Total Assets7.85M9.58M11.83M7.39M9.35M7.40M
Cash, Cash Equivalents and Short-Term Investments7.84M9.57M11.36M6.70M8.98M7.39M
Total Debt00885.00K1.33M1.24M0
Total Liabilities197.00K165.00K1.04M1.55M1.53M175.00K
Stockholders Equity7.66M9.41M10.79M5.84M7.82M7.22M
Cash Flow
Free Cash Flow-161.00K-886.00K-532.00K-701.00K-1.03M-545.00K
Operating Cash Flow-161.00K-886.00K-532.00K-701.00K-1.03M-545.00K
Investing Cash Flow-627.00K1.33M-1.11M-538.00K-694.00K-955.00K
Financing Cash Flow1,000-57.00K1.66M595.00K2.20M855.00K

Pires Investments Technical Analysis

Technical Analysis SentimentNegative
Last Price0.25

Price Trends

50DMA0.34Negative
100DMA0.40Negative
200DMA0.45Negative

Market Momentum

MACD-0.03Negative
RSI25.50Positive
STOCH50.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MFAI, the sentiment is Negative. The current price of 0.25 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.34, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 25.50 is Positive, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MFAI.

Pires Investments Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

GB:MFAI against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
GB:PCHGB:PCH43NeutralGBP 950.57K-4.80-27.62%―-100.00%46.43%
GB:MFAIGB:MFAI43NeutralGBP 1.97M-0.28-54.65%―2950.00%-273.53%
GB:TERNGB:TERN41NeutralGBP 8.66M-1.30-63.09%―330.50%-102.94%
GB:PRIMGB:PRIM40UnderperformGBP 4.22M3.1222.69%―――

* Financial Sector Average

Performance Comparison

0%100%200%GB:MFAIGB:PCHGB:PRIMGB:TERNGB:PGVDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:MFAI and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:MFAIPires Investments0.25-0.50-66.67%
GB:PCHLimitless Earth1.20-0.55-31.43%
GB:PRIMPrimorus Investments3.40-0.50-12.82%
GB:TERNTern plc0.900.48113.78%
GB:PGVPraetura Growth VCT PLC100.000.000.00%

Pires Investments Corporate Events

Business Operations and Strategy

Mindflair Portfolio Firms Gain Prominent AI and Defence Tech Accolades

Positive
Oct 19, 2026

Mindflair plc, the AIM-listed investor in AI-focused technology companies, has reported notable industry recognition for three of its portfolio businesses spanning sovereign AI, education technology and defence applications. The update underscores th...

Business Operations and StrategyPrivate Placements and Financing

Mindflair raises £1.1m to extend AI-focused investment drive

Positive
Oct 15, 2026

Mindflair plc has raised approximately £1.1 million through the placing and conditional placing of 402,637,035 new ordinary shares at 0.27 pence each, a 10% discount to the previous closing bid. The equity raise brings in a significant new share...

Business Operations and StrategyPrivate Placements and Financing

Mindflair-backed fund joins US$5.7m round for AI sales platform Symbe

Positive
Oct 14, 2026

Mindflair has disclosed that Sure Valley Ventures’ second fund, in which it holds an interest, has joined a US$5.7 million funding round for Symbe, a UK-based enterprise sales software firm. The round was led by Kfund and included several other...

Business Operations and StrategyPrivate Placements and Financing

Mindflair gains exposure to Nettle’s AI insurance platform via SVV fund

Positive
Oct 6, 2026

Mindflair plc, an AI-focused investment company listed on AIM, has built a portfolio of more than 40 technology businesses spanning sectors including Internet of Things, cyber security, machine learning, immersive technologies and big data. The group...

Business Operations and StrategyFinancial Disclosures

Mindflair deepens AI portfolio as NAV slips but discount widens

Negative
Sep 17, 2026

Mindflair reported unaudited interim results showing net asset value fell to £7.66m at 30 June 2026 from £9.41m at year-end, driven by lower valuations in Napster, the administration of Nova Leah and a sharp decline in Sure Ventures plc&#82...

Business Operations and Strategy

Mindflair Portfolio Firm Disseqt Wins KPMG Tech Innovator Ireland 2026

Positive
Sep 16, 2026

Mindflair plc has reported that its portfolio company Disseqt AI Limited has won the KPMG Global Tech Innovator Ireland 2026 competition, securing the right to represent Ireland at the global final during Web Summit in Lisbon in November. The recogni...

Business Operations and StrategyPrivate Placements and Financing

Mindflair gains new AI exposure as SVV backs B2B partnerships start-up Souk

Positive
Sep 3, 2026

Mindflair plc has highlighted a new exposure within its artificial intelligence-focused portfolio after Sure Valley Ventures’ second fund, in which it holds an interest, led a $1.6 million pre-seed round in Join Souk Ltd. Souk is a London-based...

Business Operations and Strategy

Mindflair highlights AI portfolio with Sure Valley Ventures investor webinar

Positive
Sep 1, 2026

Mindflair plc, the AIM-quoted AI-focused investment company, said that Sure Valley Ventures, in which it holds interests across three funds, will host an investor webinar on 9 September 2026. The event will feature members of the SVV investment team...

Business Operations and Strategy

Mindflair investee Mirror Security joins Google’s Gemini cybersecurity startup forum

Positive
Jul 30, 2026

Mindflair plc, the AIM-quoted specialist investor in AI-focused technology businesses, has built a portfolio of over 30 companies spanning IoT, cybersecurity, machine learning, immersive technologies and big data. Among its holdings is Mirror Securit...

Business Operations and StrategyShareholder Meetings

Mindflair shareholders back all resolutions at AI-focused investor’s AGM

Positive
Jul 24, 2026

Mindflair plc, the AIM-listed AI-focused investment company, confirmed that all resolutions were passed at its Annual General Meeting held on 24 July 2026, ensuring continuity of its current governance framework. The outcome supports the board’...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 23, 2026