Share Name Share Symbol Market Type Share ISIN Share Description
Primorus Investments Plc NEX:PRIM NEX Ordinary Share GB00BKTCLJ25
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 5.71% 1.85 267,112 16:30:00
Bid Price Offer Price High Price Low Price Open Price
1.50 2.00 1.849 1.703 1.75
Last Trade Time Trade Type Trade Size Trade Price Currency
11:15:12 75,000 1.849 GBX

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thatsmart1: Primorus Investments hail Greatland Last week, Primorus Investments (LON:PRIM) praised Greatland Gold as one of their drivers of success in their final quarter of 2019. Primorus told the market that they had invested £625,000 into Greatland Gold, and this initial investment has now trebled to be valued at £1.9 million following a string of success for the gold miner. The potential profit from its investment in Greatland stands at £1.3 million, and Primorus tips the investee’s share price to rise even further. The appraisal certainly would have won shareholder confidence, and this would have given Greatland more confidence to deliver consistent results across 2020. hxxps://
johncasey: remember share price is only 0.16 in old money..i remember when this share hit 1p on rubbish news..different animal now
the_sage1: Very surprised the share price has not moved far higher based on the 37m share investment in GGP. They have a profit of £1.2m currently verses a market value of only £4.3m. Looks like this has been missed by the market, so far at least.
skyship: Certainly a "Good VALUE" spec which could easily be 25%-33% higher with some low-key publicity. That said, perhaps unlikely until Andrew Clayton wakes up to the fact that a share price at a fraction of a penny is anathema to most investors. In stock-market terms he reveals himself as an innocent who really needs to wake up, learn; and profit thereby. In the meantime some plonker drops 12.5m @ 0.10p - a gift to the lucky MM...
chrisdgb: Share price doesn't seem to care at the moment.........!
skyship: Have posted this observation elsewhere: ====================================== Ploughing my never-ending furrow in search of VALUE. I recently stumbled across Primorus Investments (PRIM). Upon seeing the share price of 0.10p-0.11p I would normally swiftly pass on – the share price is a nonsense and a very clear case for consolidation, a matter upon which I have contacted the CEO. Anyway, on this occasion I decided to read on and was quite pleased to have done so. I have an oft-stated fondness of Private Equity; and in this regard PRIM does partially tick a box. PRIM is an investment company taking stakes in pre-IPO private companies. I read further as it swiftly became apparent that the CEO Alastair Clayton has an interesting CV and clearly has both stock-picking talents and reasonably deep-pocketed investor friends. He also has skin in the game. Since taking control in Nov’15 of what was then known as Stellar Resources, a resources investment shell valued at c£1.25m; Clayton and his Chairman partner Jeremy Taylor-Firth (ex Singer & Friedlander) have issued a total of 1.534bn new shares raising £3.25m at an average price of 0.212p. Both legacy and new assets have risen in value, but the shares have drifted down to exactly 50% of that average subscription price. One marked success is the sale of the private oil drilling operator Horse Hill Developments Limited which held a 65% interest in two onshore UK petroleum exploration licences near Gatwick Airport. This they sold to the listed UKOG in a cash & shares deal, subsequently selling on their UKOG stock to bank an overall £1m profit. Elsewhere, each statutory report and each Update has revealed very thorough information on their portfolio of investments, primarily across tech and resource. Their website too provides all necessary research material: Two other recent RNSs revealed new private investors taking a view: # 4th Apr’19: Stephen Labrum* bought 112.5m (4%) # 8th Apr’19: Steve Ball bought 94m (3.4%) *Stephen Labrum looks to be the Financial Services Transfer Pricing partner @ KPMG – whatever that means!? In the most recent Qtly update on 8th Feb’19, the CEO stated: “I should mention that over the Quarter I have had a lot of interaction with both existing and potential Primorus shareholders. Throughout these discussions, which were predominantly positive, two themes seemed to recur that I would like to briefly address. The first one is regarding the possibility of, at the appropriate time, using excess funds to potentially buy back some of our outstanding issued capital. Given our share price relative to the Board's view of value this argument clearly has merit. We are having a look at the ability and mechanisms to determine if this is feasible. If the results of this are positive it will certainly be one tool available to the Company to invest in itself should the value proposition of its portfolio be as compelling as we believe it is today. Secondly a number of shareholders expressed the desire to see a corporate marketing presence on social media and other such platforms. Whilst I acknowledge this may be useful, we also see significant challenges in ensuring a presence on social media doesn't infringe upon our AIM and directors' duties, not to mention MiFID and MAR requirements. Thus, we will continue to scope a presence that is both appropriate and responsible and report back to shareholders with our solution.” To my mind the best way to improve the share price is to be patient - be successful and the discount will close. Also a good idea to promise distribution of a %age of sale profits, or an annual dividend of, say, 3% of annual NAV. I will be communicating these increasingly common Private Equity strategies to Clayton. I won’t go into any further detail at this stage, suffice to say that at 0.105p versus an NAV of 0.215p and with no debt, the share price is clearly value should the future newsflow reflect the Board’s optimism. An interesting microcap, worthy of investigation due to the 50% NAV discount.
corrientes: Absolutely Meaningless unless related to effect on PRIM share price.
skyship: dai - no, two different investors. I took the first 2.5m just to get a few. After researching this over the weekend I wanted 10m as a small allocation punt in my SIPP; but that darned RNS of another PI taking a stake took the share price away from me. Very annoying! Will watch and wait for now.....if I miss it, I miss it! In the meantime will be contacting Clayton re the ridiculous share price. Are you aware of any discussion re a simple consolidation? A 1:100 would give us a more sensible share price of 12p; a 1:1000 would then be trading @ 120p. A lot of the more serious PIs won't even consider a stock trading below 1p; automatically written off as an AIM microcap punter stock rather than a serious investment.
dvsfm: oddly enough RKB has just posted on LSE Research Good afternoon Taverham. I read your Post from last Thursday where you said you reduced your holding “following a punter who said this company is used to fund the BOD’s trips to Australia – a lifestyle company”. I have to disagree with your statement. I do extensive research on all of my investments and over the years I keep refining my criteria for investing. Most people who place their money in AIM shares are gamblers. They want to achieve 5 or 10 fold returns in days or weeks and not several years. I look for companies where there is almost no debt, BOD have a reasonable stake themselves and there are assets that the Market at present has not factored into the current share price. PRIM ticks all the boxes. If a Mr Warren Buffett (Berkshire Hathaway) appeared on our shareholder list would that alter your view of Primous Investments Plc? Or if Sir Richard Branson was to begin to disclose he had built a sizeable stake would that alter your view? Our BOD have excellent connections. If our Chairman Jeremy Taylor-Smith and Alastair Clayton Executive Director did not have the contacts that they do have we would not have a company with such investments. Looking at Greatland Gold Plc where we have 35 million shares worth about £836,500 at today’s price of 2.39p we are showing a profit on our original investment of £595,000 of about £241,500 or 40.59%. Now it just so happens that I have family in Australia and I am able to call upon them to assist with my research and I think the person who said GGP could reach 4p is correct (time will tell) If AC did not visit Australia and did not have excellent connections we would not be invested in GGP. Fresho is another investment that will return many multiples of our initial investment. Engage Technology Partners Ltd when it does IPO will shock everyone including our BOD. Sport:80 I will post on this another day as I have almost completed my research (and it is looking good) RKB
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