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Pires Investments
(LSE:MFAI)
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Rating:43Neutral
Price Target:
0.31 p
▼(-21.50% Downside)
Action:Reiterated
Date:09/26/26
The score is weighed down primarily by weak financial performance (large TTM net loss and consistently negative free cash flow) and bearish technicals (price below all major moving averages with negative MACD). A debt-free balance sheet with meaningful equity is a key offsetting strength, but it does not currently overcome the lack of sustainable profitability and cash generation.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces refinancing exposure and interest burden, giving the company greater flexibility while it addresses operating losses. This financial resilience can help preserve strategic options and limit the risk that leverage accelerates pressure on the business.
Negative Factors
Large TTM Net Loss
The large TTM loss and deeply negative margins show that current activities are not converting revenue into sustainable earnings. Continued losses can erode the substantial equity base, reduce reinvestment capacity, and make the company dependent on capital preservation rather than profitable expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces refinancing exposure and interest burden, giving the company greater flexibility while it addresses operating losses. This financial resilience can help preserve strategic options and limit the risk that leverage accelerates pressure on the business.
Read all positive factors
Pires Investments (MFAI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.71M
Dividend YieldN/A
Average Volume (3M)1.40M
Price to Earnings (P/E)―
Beta (1Y)-1.15
Revenue Growth2950.00%
EPS Growth-273.53%
CountryUK
Employees4
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding526,662,100
10 Day Avg. Volume1,749,100
30 Day Avg. Volume1,395,186
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.33
Price to Sales (P/S)149.35
P/FCF Ratio-3.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 co...
Pires Investments Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 131.00K | 21.00K | 4.00K | 0.00 | 14.00K | 0.00 |
| Gross Profit | 131.00K | 21.00K | 4.00K | 0.00 | 14.00K | 0.00 |
| EBITDA | -3.11M | -1.66M | 3.15M | -2.67M | -366.00K | 1.49M |
| Net Income | -4.66M | -1.66M | 3.16M | -2.67M | -366.00K | 1.49M |
Balance Sheet | ||||||
| Total Assets | 7.85M | 9.58M | 11.83M | 7.39M | 9.35M | 7.40M |
| Cash, Cash Equivalents and Short-Term Investments | 7.84M | 9.57M | 11.36M | 6.70M | 8.98M | 7.39M |
| Total Debt | 0.00 | 0.00 | 885.00K | 1.33M | 1.24M | 0.00 |
| Total Liabilities | 197.00K | 165.00K | 1.04M | 1.55M | 1.53M | 175.00K |
| Stockholders Equity | 7.66M | 9.41M | 10.79M | 5.84M | 7.82M | 7.22M |
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 | -627.00K | 1.33M | -1.11M | -538.00K | -694.00K | -955.00K |
| Financing Cash Flow | 1.00K | -57.00K | 1.66M | 595.00K | 2.20M | 855.00K |
Pires Investments Technical Analysis
Negative
0.40
Price Trends
0.39
Negative
0.43
Negative
0.47
Negative
Market Momentum
-0.02
Positive
16.43
Positive
33.33
Neutral
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 0.4 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.39, and below the 200-day MA of 0.47, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 16.43 is Positive, neither overbought nor oversold. The STOCH value of 33.33 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
49 Neutral | £4.22M | 3.12 | 22.69% | 0.26% | ― | ― | |
43 Neutral | £1.71M | -0.37 | -54.65% | ― | 2950.00% | -273.53% | |
43 Neutral | £950.57K | -4.80 | -27.62% | ― | -100.00% | 57.63% | |
43 Neutral | £8.90M | -1.45 | -63.09% | ― | 330.50% | -102.94% |
* Financial Sector Average
GB:MFAI
Pires Investments
0.33
-0.35
-51.85%
GB:PCH
Limitless Earth
1.20
-0.55
-31.43%
GB:PRIM
Primorus Investments
3.40
-0.40
-10.53%
GB:TERN
Tern plc
0.93
0.48
108.33%
GB:HRIP
Hot Rocks Investments PLC
―
―
―
GB:PGV
Praetura Growth VCT PLC
100.00
0.00
0.00%
Pires Investments Corporate Events
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&...
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 reco...
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-ba...
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 te...
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 Secu...
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 boardR...
Business Operations and StrategyPrivate Placements and Financing
Mindflair-backed fund leads £1.7m pre-seed round in AI dental start-up BeCertain
Positive
Jul 16, 2026
Mindflair has highlighted a new pre-seed investment by Sure Valley Ventures’ second fund, in which it holds an interest, leading a £1.7 million round into UK clinical AI start-up BeCertain. The funding, supported by an Innovate UK progr...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Mindflair-backed govtech AI firm Xylo raises £2.8m pre-seed funding
Positive
Jul 1, 2026
Mindflair plc reported that portfolio company Xylo, a UK govtech business using AI agents to help local councils process planning applications, has secured £2.8 million in pre-seed funding from a syndicate of institutional and specialist inve...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Mindflair boosts liquidity and AI dealflow as portfolio write-downs hit NAV
Negative
Jun 29, 2026
Mindflair reported a year of active portfolio realisation and reinvestment, highlighted by the disposal of its Getvisibility interest for around £2.6 million, yielding a £0.62 million profit on its direct stake and significantly bolsteri...
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.