Primorus Investments Share Discussion Threads

[dafrog] 04/4/2019 12:07

So that's who's buying.

[daicaprice] 25/3/2019 09:53

A few being rolled over ahead of a rise when the new ISA year starts.

DC

[daicaprice] 25/3/2019 09:12

And added 500k.

DC

[daicaprice] 25/3/2019 07:56

Excellent month for news, happy holding.

DC

[johncasey] 21/3/2019 23:17

ha,ha...be nice if mr clayton invested in cadence minerals...he needs to listen to me more instead of investing in dogs

[wolf_in_the_bath] 21/3/2019 08:39

Careful of the SHORTS here - John Casey you little cvnt. You'll be taught a lesson son.

[johncasey] 21/3/2019 07:40

21 March 2019

Primorus Investments plc

("Primorus" or the "Company")

Further Investment in Fresho

Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to advise its shareholders that it has made a further small investment in Fresho Pty Ltd ("Fresho"), maintaining its circa 3.4% ownership level as part of an AUD$1.5m capital raise fully funded by existing shareholders of Fresho.

The capital raise has been completed at AUD$0.475 per share, representing a 76% premium to the price of our initial purchase of 1,111,111 shares (as announced on 22 September 2016) and a 25% premium to a subsequent investment in a further 197,368 shares (as announced on 8 November 2017).

The capital raise was only available to existing qualifying shareholders and only required an investment by Primorus of circa AUD$51,000 for an additional 107,244 shares in order to maintain the ownership level at circa 3.4%, taking the total number of shares owned in Fresho to 1,415,723.

The proceeds of this capital raise are to be used to accelerate the international growth aspirations of Fresho. Recent investigations into Asian and North American markets were very positive and Fresho has decided to use these funds to scale-up in order to meet the potential demand by localising the platform for these markets and growing the client on-boarding team. Importantly Fresho maintained a healthy cash balance of circa AUD$1.8m prior to this capital raise.

Alastair Clayton, Executive Director, commented - "We are really pleased that the management of Fresho have decided to tool-up to take on the enormous potential that has shown itself to exist in the Asian and North American markets. We believe that it was both prudent and attractive for existing shareholders to be able to participate at this value point in advance of what will be a push into product development and support systems for this global expansion."

[johncasey] 21/3/2019 07:37

A BID for prim's shares in fresho before it has been floated...cant be bad

"Despite having received a bid for our existing shareholding (which demonstrates that there are other ways of realising value from our investments other than just an IPO), we have decided to invest further in Fresho as we believe it is worth more than AUD$0.475 per share."

[dvsfm] 17/3/2019 15:47

How do you work that outVela has 1.42% valued at £427,000 approxPrim has 3.5% so almost 2.5 times more so using the ratio above value is approximately £1,050,000

[daicaprice] 15/3/2019 15:14

PRIM should have spelt out what their investment is now worth if the same multiplyer then it’s approx £3.3m

DC

[daicaprice] 15/3/2019 13:24

RNS Our 3.5% now worth £3.3m?

[dvsfm] 13/3/2019 14:37

to me those 18m trades look like a bed and isa transaction as its close to the 20k limit, i will be doing the same in the new tax year in a few weeks

[daicaprice] 13/3/2019 10:38

Hmm, rollover/orchestrated trade between MMs? but they will end up in someone’s hands.

DC

[spa362] 13/3/2019 09:52

Hopefully those 2 x 18m trades are the end of a big sell order - explains why the price has been struggling to rise? Maybe better times ahead now

[toolsmoker] 12/3/2019 14:25

Ggp will be 3p plus within the week they won't sell yet .agreed this should be trading. 20s plus

[rental] 12/3/2019 14:01

Maybe sell a little great land and buy back some shares here,
This low share price here is madness

[zedder] 12/3/2019 13:21

A useful RNS:



If only Starvest (SVE) who hold 85m GGP would do something similar!

[johncasey] 12/3/2019 10:01

mms keeping this down...very strange

[richardjohn10] 12/3/2019 08:44

I bet they wish they had more cash Invested

[daicaprice] 12/3/2019 08:23

Thought we would have seen a lot more interest that that, hopefully word will spread.

DC

[johncasey] 12/3/2019 07:41

surprised prim havent issued a rns on this news...massive

[strongbuy] 12/3/2019 07:41

😳🚀🚀🚀8640;

[johncasey] 12/3/2019 07:20

well if that dont move prims shareprice i dont know what will...