Primorus Investments Share Discussion Threads

[qs99] 02/9/2020 08:20

heading in right direction, but with GGP heading towards 20p, IMO, DYOR etc, PRIM is just seriously the wrong discount...

[rental] 01/9/2020 15:50

seems someone just sold 500000 shares into my buys so someone is dumping

[rental] 01/9/2020 15:43

ggp better day

[qs99] 01/9/2020 10:32

Still looks the wrong price, PRIM that is!

[qs99] 01/9/2020 08:38

GGP on the march again

[bscuit] 27/8/2020 09:33

Double post deleted

[bscuit] 27/8/2020 09:32

Unless I am missing it, there is no advice of conversion price formula. Interest rate seems high.

[cwa1] 27/8/2020 07:34

WeShop announcement by Two Shields:-

[johncasey] 26/8/2020 20:18

not to mention EUA i advised clayton to buy at 3p

[johncasey] 26/8/2020 20:17

maybe i should have been a city analyst..qxl and GWP my successes

[johncasey] 26/8/2020 20:14

eh timbo..i bought ggp at 0.05 not 1.7p and im an uneducated van driver by profession

[knightrider69] 26/8/2020 20:07

Reckon it could move from here. Do maths

[qs99] 26/8/2020 15:07

looks like share premium to be eliminated IMO to give it the distributable reserves etc for share buyback? DYOR

Looking to exit some investments H2 should help bolster share price IMO....DYOR

[qs99] 26/8/2020 10:49

Look at GPM, it has narrowed its discount to 0-10% tops from 25% earlier in the year

PRIM sitting at 50% discount just looks wrong IMO, albeit that it has fewer investments and diversity therefore of risk. However, GGP is performing very well.

[qs99] 26/8/2020 08:16

agreed re share buybacks at this low level...

[chrisdgb] 26/8/2020 08:06

At that discount, share buybacks make absolute sense.........

[skyship] 26/8/2020 07:19

Pretty thin gruel that statement. Should have provided valuation details on the various stakes. Still, all that information can be found elsewhere of course.

NAV would appear to be 5.12p/share - so a 41% NAV discount; but still major uncertainties on all valuations other than GGP - AC's specialist subject on which he has proved spectacularly prescient and successful.

[timbo] 26/8/2020 07:10

Primorus has a strong balance sheet with no debt and with total assets (including cash of GBP676,000) as at 30 June 2020 amounting to GBP8.09 million (30 June 2019: GBP4.85 million).

[timbo] 26/8/2020 07:09

"It is the intention of the Board to resolve with our lawyers and Nomad, the ability for the Company to buy back, where appropriate, up to 10% of the issued capital in the Company via a share buy-back programme to be approved by shareholders."

[timbo] 26/8/2020 07:08

Half yearly report just outFinancial ResultsThe operating profit for the six months to 30 June 2020 was GBP3.29 million (30 June 2019: GBP418,000 loss). The net profit after tax was GBP3.29 million (30 June 2019: GBP418,000 loss).Total assets, including cash, at 30 June 2020 amounted to GBP8.09 million (30 June 2019: GBP4.85 million).

[timbo] 25/8/2020 08:08

When do you think he should have invested in Alba,Vast ,ukog and Angus? Anyone investing in and holding these over a year ago would be severely underwater by now...

[timbo] 25/8/2020 07:48

He didn't "get lucky" with GGP. It was his specialised subject - he knew the area and knows mining. That's how he saw the potential before GGP became trendy...I'm guessing you've not worked in many recruitment companies if you don't think Engage has great potential...

[johncasey] 25/8/2020 07:21

as for weshop..looked at the site and just cant understand who would want to use it..a child could do a better job

[johncasey] 25/8/2020 07:19

surely clayton can pick better stocks to invest in? he got lucky with greatland...my suggestions are Alba,Vast ,ukog and Angus..quit wasting money on techies like Engage..they are going nowhere

[cwa1] 24/8/2020 15:01

Stephen Labrum holding decrease:-