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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Primorus Investments Plc | LSE:PRIM | London | Ordinary Share | GB00BKTCLJ25 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.50 | 3.30 | 3.70 | 3.50 | 3.50 | 3.50 | 73 | 08:00:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 0 | -1.48M | -0.0106 | -3.30 | 4.89M |
Date | Subject | Author | Discuss |
---|---|---|---|
01/12/2020 18:25 | Skyship, the investment portfolio at cost excluding cash is almost certainly over £5m, probably closer to £6m with the smaller others ! (indicative sell up is £4.25m). | golden prospect | |
01/12/2020 17:28 | Jeez JC - you would seem to be a hard taskmaster. Clayton sold HorseHill/UKOG for a £1.1m profit in 2018/19; then GGP for a £5.2m profit in 2020. PRIM now has £4.8m CASH + an investment portfolio of £4.25m at cost (thnx for those above numbers GP). A pretty impressive record; so doubly bizarre that Clayton has now gone. As for the share price - I have a target of 6p for next year as the BOWL chart formation plays out: free stock charts from uk.advfn.com | skyship | |
01/12/2020 15:36 | i think folk need to realise the old price here is just 0.16p..in how many years? pathetic return | johncasey | |
01/12/2020 15:34 | TIMBO..no i said VAST resources too when is was about 0.13p..that will re rate soon | johncasey | |
01/12/2020 09:17 | This is how Primorus started the year: "We find ourselves in early 2020 with a diverse and growing portfolio, primarily in unlisted technology and energy companies. Our 5 largest investments by deployed capital are Engage Technology Partners (£1.5m), WeShop (£875,000), Greatland Gold PLC (£625,000), TruSpine (£500,000) and Fresho (circa £260,000)." and nears the end of 2020 with: GGP is out EngageTech (say £1.5m + CLN £0.25m = £1.75m) Zuuse is in for 2m+ shares and 1m options (say £1.5m) WeShop (say £0.5m) Truspine (say £0.25m but should revalue up in 2021) Fresho (say £0.25m) CASH + Free Investments £(1.75+1.5+0.5+0.25+ Investments for free say £4.25m (discounted). A lot of potential gearing on this "free play" | golden prospect | |
01/12/2020 08:26 | John, was it you that also suggested that they should be invested in UKOG? What entry price would that have been at? | timbo | |
01/12/2020 08:24 | GP - precisely with those GGP stats. I assume JC's comments rather tongue in cheek. So, what of all those other investments. Anyone done the maths on the total cost? I suppose it just needs one of them to come good and the current MCap will look more than a tad parsimonious. | skyship | |
01/12/2020 08:10 | Total Greatland investment was approximately £633k giving a gross return over investment of approximately £5.9m or a 933% ROI over the life of the investment. Primorus are now priced below cash. So Zuuse, EngageTech, Fresho, Truspine and WeShop come for free. | golden prospect | |
30/11/2020 18:19 | Skyship, with a relatively high annual fee package given sub £10m investment vehicle and risk-free options in the wings perhaps there was little motive for Clayton to put more skin in the game. It's all history now as new helmsman inherits a great package of cash and stocks. | golden prospect | |
30/11/2020 17:10 | I'm just amazed to see he had such a small holding. Did he sell a chunk recently? | skyship | |
30/11/2020 12:46 | At a guess i imagine he's halved his holding, especially as he was recently given cash £65K to relinquish dilutionary options. So now is a great opportunity for any NEW investor to take a 2m at 3.30p, should the Clayton exit go to zero ! | golden prospect | |
30/11/2020 12:08 | I guess if one is ousted from the company and reminded that ex-directors fees were excessive, then there can be no surprise Clayton (ex-CEO) sells holding below 3% edit: In any event, Clayton did a great job realising the gains in GGP and leaving the ship well stocked. | golden prospect | |
30/11/2020 09:07 | Timbo, yes indeed; relatively huge and ignored by some investors! From the 12 NOV 2019 we know they have invested £1,500,000 And from 12 AUG 2020 they were planning £250,000 Convertible Loan Note | golden prospect | |
30/11/2020 08:21 | Engage is potentially huge. I am hoping we stay in this one for a while yet before selling to secondary investors - I am assuming it will come to market within a year or two...The second part of that statement suggests one of the big SaaS companies might buy it out - they have deep enough pockets and the subscription model gives a consistency for valuation. | timbo | |
30/11/2020 08:08 | Timbo, it is interesting to re-read the last quarterly update re "Engage". Observe, PRIM has added plus note the recent G4S contract re services to management controls at their national COVID-19 testing facilities. The exit part reads: "With Engage now well-funded for the next 24-36 months and on a path to break-even, Primorus looks forward to watching Engage's business flourish. We believe the most likely exit scenario remains a secondary or trade sale to a complimentary sector provider who will acquire Engage to augment their own business model. Given the scale and depth of the industry we believe there should be no shortage of potential suitors." | golden prospect | |
28/11/2020 20:08 | Interesting if needed to liquidate any Aussie stocks in case of something much better..Note that two of these guys were involved with Fresho and two with Aconex (a company Zuuse is competing with). I'm quite excited by both Fresho and Zuuse as companies - it will be interesting what Rupert and co decide after their review of our investments... | timbo | |
27/11/2020 18:18 | It is clear disgruntled investors have departed in the last few days given the recent mixed volumes; perhaps the new team are catching stock on the other side (observe delayed trade 1m @ 3.2p). The welcome to Rupert is great news, so far * Reduced annual director fees by 70% * Reduced listing fees by cancelling dual listing * Eliminated unwarranted 17.8m share dilution for small fee £140K Well done. | golden prospect | |
27/11/2020 11:55 | Good RNS3 directors salaries and fees total £96000 per year rather than £323000 previouslyWithdrawal from Aquis listingChange of auditor Reviewing new investments | timbo | |
27/11/2020 11:54 | Off Topic Interesting that GGP with 3,859,256,630 shares at 25p gives MCAP £964m If next year GGP doubles it will have a MCAP over £1.9bn So can GGP double next year for 20 fold gain in 2 years ? Time will tell. Will be fun to see the % comparison for exit value in Zuuse. | golden prospect | |
27/11/2020 10:56 | Timbo re 1716 I cannot predict the future. Wait and see. I am still holding some PRIM shares. | tyranosaurus | |
27/11/2020 10:42 | I have been buying at these prices juts did another trade on the back of this, i think the directors are on the side of us PI’s..fingers crossed | hernando2 | |
27/11/2020 10:40 | Announcement out 27/11 - great news, right man at the helm and keeping costs down! | golden prospect | |
27/11/2020 09:59 | PRIM looks set for a healthy 2021 given a huge cash pot that covers its market price, no debt and major investments in the digital market. Rupert inherits a great platform to reward shareholders. | golden prospect | |
27/11/2020 09:20 | Clayton did a really great job for PRIM, so I find the change all rather bizarre. Still, the past GGP success extremely unlikely to be repeated, so perhaps shareholders just need to hold fire and see the outcome of the review. At anything around the 3.00p-3.50p PRIM look a reasonable "shell company" play trading at a slight discount to CASH; so I've bought a few & will add with a cheaper offer. | skyship |
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