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PRIM Primorus Investments Plc

4.25
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Primorus Investments Plc PRIM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 4.25 08:00:00
Open Price Low Price High Price Close Price Previous Close
4.25 4.25 4.25 4.25 4.25
more quote information »
Industry Sector
MEDIA

Primorus Investments PRIM Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
11/03/2024SpecialGBP0.01521/03/202422/03/202410/04/2024

Top Dividend Posts

Top Posts
Posted at 15/4/2024 07:19 by cwa1
Ugly:-

Investee Company Update - Engage Technology Partners Ltd


Primorus Investments plc (AIM: PRIM) has received an update from its investee company, Engage Technology Partners Ltd ("Engage").



Engage has recently completed a significant restructuring. In order to retain and incentivise the management team, the restructure included the allotment of shares and options (together the "Share Issuances"). This has resulted in a significant dilution to the Company's holding from 4.49% to 1.97%.



Following the Share Issuances, and based on our assessment of the current valuation of Engage Primorus holding in Engage is valued at approximately £158,000, approximately an 89% reduction in its current carrying value. As and when the Company receives further information about the restructuring and on-going plans of Engage, the management of the Company may make further assessments of the value of Engage.



Primorus holds 92,374 ordinary shares of Engage representing approximately 2% of the issued share
Posted at 11/4/2024 08:47 by katekat
the main thing here on prim,

We all had maybe a third of our investment back at an excellent price point.

So now we have the summer off, not many long termers will have any reason to sell,

I would now expect it to quieten down on trades next week, if for some reason it did drop then there is 2 million of prim money out there with prim long termers , plus the company will buy 10 percent of the stock at a cheap price if the opportunity comes.

The only reason this will move up sharply now, is on a Fresho Float announcement or Alt Crosses the line, or maybe more director buys, Rupert and others must be well flush with cash, rupert must have about 700 grand in his back pocket today and itching to buy more prim, Ball or Norwich Van Centre 300 grand, 1 million between the two of them.

Enjoy your summer folks knowing we in very good hands is what I would say, No need to buy in other stocks and risk a loss when prim should double your money at some point here with zero risk.

Good Luck All.
Posted at 18/3/2024 00:26 by katekat
Chutes, sadly I think you incorrect on above, and westernwinston has it correct, why else would he want to fall out with the 2nd largest prim investor. that seems to have happened. Have you noticed they are not actually talking to each other on here, but instead they are both talking to us as the smaller shareholders.

If Ball stays with us and the share price drops by the 1.5p dividend he’s lost over 100k, if the share price only drops 1p he’s still lost from the dividend and not gained a penny from it if paying 39% tax rate on a dividend, why else would the board do it this way, he leaves and the board gathers the shares, prices drifts down and the company goes private.

We need a Fresho update now urgently in the week.

A 30% dividend is unheard of and now we know why, and money will always bring out the worse in some people.
Posted at 17/3/2024 15:20 by betterupthandown1
It's not for the company to make decisions on the basis of individuals tax positions.

If individuals decide to hold shares outside of a tax wrapper that is entirely their decision.

Nobody is losing money as claimed but rather having to pay tax on income -which is how normal economies work. Paying tax is not bad -it means you have made some money.
The share price went up on the back of the dividend announcement and will no doubt move down ex divi -this is a function of markets and a very basic sum which happens in listed companies paying dividends. More of the decision is whether the share price reflects the companies assets and prospects.

If individuals have made losses on other investments then again that is the individual and their advisors to sort out not the company.

People who choose not to hold shares in an isa's etc or do not invest within a pension for example will have to pay tax or find other ways of mitigating tax.

Its totally bizarre to blame a company for individuals tax planning( or lack of).
Most people complaining about a dividend have been screaming for the company to redistribute some of the profits. We have -sort your own tax out.

I have made it clear that we reorganised the capital structure in order to have the ability to redistribute profits - in which ever way the Board feels is in the best interests of all shareholders and the company.

If you don't want to invest in an Aim investment company which wants to reward shareholders then there are plenty( if not the majority of invest co's on Aim) who have no plans to do this but instead like to issue confetti shares and pay themselves excessively. If that is the sort of company which you want to invest in then you know what to do.
The best bit is that investing in these companies means that you will never have to pay a penny in tax - have a think about that.

There will be plenty of investors who do not let the tax tail wag the investment dog.

Also the Board has no say over where the share price trades, so some of the comments on here are absolutely ridiculous. If you thinks it's too low or too high then you individually can make up your own minds about what to do.

Of course that is every investors choice and not a recommendation as I think Prim has great prospects but if you're not happy at being paid a dividend then maybe its time to move on. If you want to remain a holder of Prim shares then I suggest those who have not thought about the financial implication of redistribution of profits seek financial advice and plan their financial affairs in a more tax efficient manner.

I personally find it simply staggering that investors are wingeing on about being paid a dividend from one of the few Aim invest companies to do this. All it requires is some fore thought and some basic tax planning.
If you don't understand this concept then please take some professional advice.
Posted at 17/3/2024 12:36 by timbo
It sounds like you have a lot of your PRIM outside of ISAs if you've a dividend issue. Although I haven't been in PRIM for some time I wondered if a (reverse) variant of Bed and ISA might work with a sympathetic broker/market maker.Assuming you have ISA's stuffed from previous years' allowances with non-PRIM stocks (say FTSE 100 stocks). ISA Sell £100k non PRIM stocksPurchase £100k PRIMTrading Purchase the same £100k non PRIM stocks sold from ISASELL £100k PRIMdividend is accounted for within ISA.
Posted at 16/3/2024 01:16 by masterg1
Steveb77 you are clearly very knowledgeable on tax and confirms what I thought to be your background. You clearly have a strategy for your investment and took a substantial stake. Your buying and selling affects the price in a stock which lacks liquidity. Who is to say that your selling to realise a capital gain does not affect the price. I believe buyback helps short term investors more than long term and would be detrimental to liquidity. I am a long term investor and have split my investments via a SIPP, ISA and ordinary account. I am invested here due to potential for longer term growth and future regular and occasional special dividends such as this. I would have been disappointed had the board not approved this dividend. I will be looking to re-invest some or all of the dividends in the SIPP and ISA, on sufficient drop in price. The Cash will allow me to re-invest in PRIM or elsewhere. It will depend on the perceived opportunities available elsewhere or here on receipt of cash.
I will let the tax take care of itself on the ordinary account, its sometimes hard lesson to learn for people trying to minimise tax end up making a loss when there was an opportunity for profit to be taken.
I am not connected with any other shareholder in PRIM and currently support the boards decision on this matter.
Those concerned with tax consequences should consider arranging some or all of their investments through tax efficient wrappers such as SIPP and ISA.
Those with foresight should have foreseen future dividends, when the company tidied up the balance sheet.
These are my thoughts on the matter and I do not get involved in discussions on BB's very often. I have only posted due to having an opinion on the matter, and having time on holiday.
Posted at 14/3/2024 05:43 by katekat
Very good to see new buyers coming in today and well over 1 million trades, yesterday was one of the biggest volume days in a long time,

Any Short term NEWS is possible this week,

ALT could easily be worth 2.5 million to prim, alte has been in suspension for some time awaiting positive news all controlled by the prim board.

The Remaining Payapps sale could be worth another 1 Million to Prim.

Clean Power Hydrogen, the share price is up around 120 percent in last week alone and prim is a large holder, approx 400k to prim now.

Bushveld, Prim should now have the 1.2 million safely in the bank or they would have had to RNS if not, so that money is paid, which is massive achievement from the prim board.

Fresho, Could float or announce a new fund raiser any day, offering us a new valuation for our huge 4 percent holding.
Even on the lowest valuation of fresho this must be 8 million for Prim on Fresho worth say 200 Million.

Engage Must be near an Ipo, Worse case possible must be 2 Million for Prim just to get back what they put in.

Interpac Prim has invested approx £400k in last few Months at last raise price.

Weshop, I have not seen any figures on, so is a unknown value to me.

Should be at least 6 Million in the prim bank in a high interest account (Payapps and Bushveld Monies)

Adding the remaining payapps, interpac, engage, Fresho, Clean Power Hydrogen and ALT to the 6 million in a high interest account we would be at a 20.3 Million, which is around a share price of over 16p (not including weshop)

We are at a 5p bid which is utterly bonkers..

Any one of these investment's is a huge event on the prim share price,

Good luck all, this is so exciting at the moment to be invested in prim.
Posted at 11/3/2024 16:56 by 2magpies
"RNS Number : 4059G
Primorus Investments PLC
11 March 2024


Primorus Investments plc

("Primorus" or the "Company")

Dividend Declaration

Following the recent realisation of Primorus' investment in Payapps Limited, as announced on 22 February 2024, the Directors of the Company are pleased to declare a special dividend of 1.5 pence per ordinary share (the "Special Dividend"), amounting to a distribution of proceeds to shareholders of approximately £2.1 million, in aggregate. The Special Dividend is expected to be paid on 10 April 2024 to shareholders on the register at 6:00 p.m. on 22 March 2024. The ordinary shares will be quoted ex-dividend on 21 March 2024."


Wow!

Oh wow!

What a day tomorrow could be !!!


That's 30% dividend!

Well done BOD.


This is what it all should be about!!
Posted at 08/3/2024 11:56 by cwa1
Primorus Investments plc


("Primorus" or the "Company")


Further Investment in Fresho Pty Ltd


Primorus Investments plc (AIM: PRIM) is pleased to announce that the Company has acquired an additional 290,166 ordinary shares in Fresho Pty Ltd ("Fresho") at a price of AUD$0.85 per ordinary share for total consideration of AUD$246,641 (approximately £126,000).



Primorus subscribed for the 290,166 ordinary shares in Fresho at a price of AUD$0.85 per share from its existing cash resources. Following this investment, Primorus now holds 3,705,889 shares in Fresho, representing approximately 3.77% of Fresho's issued share capital on a fully diluted basis.



Rupert Labrum, Chairman, commented: "We are very encouraged by the progress of Fresho, evidenced by its increased annualised recurring revenue. The speed at which it is scaling in the UK provides a very positive outlook for the company and its future business plans. We look forward to updating shareholders as Fresho progresses with its plans".



More information about Fresho can be found on its website:
Posted at 31/1/2024 07:55 by katekat
can we have a little guessing game here,
where do you see prims share price when the Payapps figure is given, (Copy and Paste below)

300 Million Australia Dollars ~ Prims Share Price

400 Million Australian Dollars - Prims Share Price

500 Million Australian Dollars - Prim Share price

600 Million Australian Dollars - Prims Share Price

1 Billion Australian Dollars - Prims Share Price

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