Primorus Investments Share Discussion Threads

[2magpies] 06/12/2024 15:36

"hj996
4 Dec '24 - 19:21 - 3692 of 3693
0 0 0

... With investing, successful investors based their analysis on what's before them and what may reasonably happen in the future. I don't see any of that in your post unfortunately ..."

Astute comment.

[rental] 04/12/2024 21:27

I’ve never said they need to change anything 😃

Good luck to you also where ever you decide to invest, clearly its not prim for you 👍😃

[hj996] 04/12/2024 19:21

Wow! Good luck to you Rental hope it works out for you. Don't forget that some companies lower the ipo price when there are no takers. The valuation is already 30 times the revenue which is silly. If they have to start changing the business model and charging structure as you suggest then the whole thing hasn't been thought out properly on their part.

With investing, successful investors based their analysis on what's before them and what may reasonably happen in the future. I don't see any of that in your post unfortunately but like I said all the best with your investment.

[rental] 04/12/2024 19:00

Charging for the app always comes later,
If you don’t like Fresho, you best off selling prim as prim is all about Fresho now for most who are following,
Fresho to me it going to be many times your quoted 120 mill.

Let’s hope to see a 10 billion run rate soon, the future turnover on a 10 billion run rate would be incredible.
Maybe they could at some point attach a 3 percent charge to turbovet, which is minimal percentage compare to the likes of Motorway for example who charge £350 to £1200 to the car dealer buying each car.
Then maybe a future 20 to 30 times valuation to profit taking off say 30 million for costs per year and it could be at a crazy 6 to 7 billion valuation, suddenly it’s telephone numbers, even as 10 x sales you quote that could be a 3 Billion valuation which is prob more realistic,
Who knows.
Sit back, do nothing, relax.

[hj996] 04/12/2024 18:34

Trawl

My understanding is that all companies go through a series c final funding round which prepares them for expansion andipo etc. Payapps had one also.

These funds are for US expansion etc which never comes cheap and they are likely to remain loss making for a while yet as they focus on expansion and increasing revenues.

I note your comments about perhaps not needing any more funding but that's very unlikely for the reasons given above.

It's difficult to understand why the revenues are so low. A lot of people are focusing on monthly invoice orders going through which can be in the billions etc of $. This is not the same as turnover.

Turnover was a measly:

In the year ended 30 June 2023, Fresho had turnover of AUD$4.0 million and made a loss of AUD$4.5 million.

It's not going to have changed massively from last year as one of the posters suggested.

So any explanations as to why it's so low. That's only about £2 million and we have had a few years of Fresho growth stories. It's quite shocking really.

How can you value a business making $4m AUD AT $120m? A lot of tech software companies are valued at 10× sales which is a generous value.

It's all very puzzling.

[rental] 04/12/2024 17:27

Hj, what if they don’t need any more funding. My guess is they want to keep building the incredible company Fresho is becoming and would only float or sell at a top price, if the price came, then I would guess we would sell or ipo.

I’m watching Fresho website hits monthly and it’s massive and rising month on month.

Trawl the raise price was rns by prim.

[trawl] 04/12/2024 16:55

There is an article saying the valuation is 120 mil dollars
I assume australian so post the raise prim fresho stake about 2.5 mil stg

[trawl] 04/12/2024 13:10

Was the issue price of this round made public

[hj996] 04/12/2024 12:19

There could be a long wait here for a Fresho ipo. The funding is only series b after which you get series c and then some time before an iPo. Possibly another 3 year wait here.

[2magpies] 04/12/2024 00:09

1. 'baffoon' : -- a buffoon who uses multiple aliases, but the comments are always inane.


2. 'baffoon', colloquial variant : with added derision.

[theinquisitiveone] 02/12/2024 17:08

2magpies

Same baffoon, multiple aliases.

You REALLY need to use actual words to have much credibility when you're berating other folk. Otherwise you just look, well, a bit of a buffoon :-)

[2magpies] 02/12/2024 17:01

But if PRIM rockets from here?


Who'll be laughing all the way to the ........... ??

[2magpies] 02/12/2024 16:34

"Primorus (AIM: PRIM) announces that it has sold its entire shareholding of 92,374 ordinary shares ...in Engage Technology ...for the sum of £1,000.00 ....... The Engage Shares had a book value of £158,000 in the Company's interim results"


Extraordinary.

Laughing is strictly forbidden.

[2magpies] 02/12/2024 16:27

Fear not: the share price could rocket from here.

If it does, be sure, the hordes of aliases (but the same poster) will be back.

We wait for the entertainment.

When to book your profit: the eternal investment connundrum!

Ha ha.

Laugh, I nearly ................

[2magpies] 02/12/2024 16:24

Yep.

'They' are posting.

All sorts of aliases (not one of them verified 'blueys') !!

Same baffoon, multiple aliases.

Posting ludicrous, inane, non-comments, in the guise of 'research'!

No wonder most posters have deserted the thread.

(especially THE 'expert' who used strut about on here! Seems to have vanished. Too ashamed now, I wonder)

Mwahahahaaaaaaaaaaa

[yellows666] 02/12/2024 15:37

2magpies.Put a sock in it. You are a boring little Pri ck who is obviously attention seeking. You are probablybthe readon this thread isn't being used much as you be little any decent comment. If you were in front of me I would most likely deck you one. Now pi55 off you aren't wanted.

[2magpies] 02/12/2024 10:11

Told ya: 'they' are posting again!

[rental] 28/11/2024 16:52

Fresho does look like it’s becoming quite an incredible company.

[goggin] 28/11/2024 07:29

On AI, for example, Fresho points to a new system it has introduced that is capable of processing orders from restaurant owners however they are placed – from voicemails left on the wholesaler's phones to text messages or emails. The system is capable of interpreting all these instructions, converting them into text, and then putting them on the system for processing. "It's all about applying technology to real-life problems," Andronis adds.

[goggin] 28/11/2024 07:28

Fresho, the order management platform company for the wholesale fresh food industry, will today announce that it has raised $17 million of Series B funding as it expands into new markets and increases its investment in technology. The business, co-founded in 2015 by James Andronis and Huw Birrell, believes artificial intelligence (AI) offers new opportunities for growth

[2magpies] 27/11/2024 11:34

'THEY' will all be posting soon!

Yep.

[2magpies] 26/11/2024 16:20

interesting chart formation!

[rental] 21/11/2024 12:15

Positive alte RNS

[2magpies] 05/11/2024 09:15

So, they broke off the 'Engagement'! (tee hee)

Fanstasy 'book value' of £158,000.

Marked-to-Market and got £1,000


Wow! What an 'INVESTMENT' !

Please, do you mind? It's rude to laugh!