Primorus Investments Share Discussion Threads

[dplewis1] 07/10/2022 10:05

It seems a bit of an odd decision that Prim didn't join in the last Fresho funding round, looks to be by far their best chance of an exit with a good return.

[rental] 07/10/2022 07:56

Update on LinkedIn from fresho,
I think a flotation on the way myself,

Fresho has just reached its 15,000,000th order!
Reflecting on where we started and where we are now, this is a remarkable achievement and we are incredibly proud of our growing team across Australia, New Zealand and the UK.

As we continue to strive to transform the food industry for the benefit of the people and the planet, we’re looking forward to what comes next. Stay tuned.

#foodtechnology #foodindustry #fresho

[megaman2] 06/10/2022 11:39

Yes I'm senile!

[b00mb0y] 05/10/2022 19:04

“Over on advfn”

Think that should read “over on LSE”

[megaman2] 05/10/2022 14:24

Over on advfn a poster who provides very good info has urged the bod to buy Back shares with the company cash. It would certainly boost the share price in the short term but it may just be playing into traders hands and after they stop buying the share price will likely retrace and only the traders will win. Unfortunately the share price needs to go up on it's own merits likely by a liquidity event which seems unlikely in the present market but who knows perhaps grubmarket might buy out fresho..!need a catalyst like that imo .

[chutes01] 04/10/2022 19:52

Has Paddington been adding some marmalade down here

[rental] 04/10/2022 12:22

good to see prim on the top list top 30 advfn gainers today

[b00mb0y] 03/10/2022 22:03

Over 50% down in 3 months.

[rental] 03/10/2022 14:22

Appauling share price action, will be in the 1p zone soon the way this is going

[megaman2] 29/9/2022 19:44

hxxps://techcrunch-com.cdn.ampproject.org/v/s/techcrunch.com/2021/09/13/grubmarket-gobbles-up-120m-at-a-1b-pre-money-valuation-to-take-on-the-grocery-supply-chain/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16644766602615&referrer=hxxps%3A%2F%2Fwww.google.com&ampshare=hxxps%3A%2F%2Ftechcrunch.com%2F2021%2F09%2F13%2Fgrubmarket-gobbles-up-120m-at-a-1b-pre-money-valuation-to-take-on-the-grocery-supply-chain%2F

Grubmarket iPo $1 billion valuation ....$1 billion runrate...looks same business as fresho...a must read ...a more advanced competitor?? Can fresho compete ? $120 mill fund raise..big money needed in this market ..!!

Company is profitable interestingly enough $120 mill raise is for acquisitions ..

Xu said Grubmarket is already profitable but will use the proceeds from the round for acquisitions. It's made more than 60 M&A deals in the past five years, including Texas-based produce company Spring Valley, New York-based Frantoni Corp. and Kansas-based Granite State Software.

[trawl] 28/9/2022 21:49

I would hope they wait till an ipo especially on fresho
RL has a lot of his own money invested
and in a mkt like this a cool head is required

[golden prospect] 28/9/2022 20:28

With AUDGBP in play, payapps and fresho may be candidates for profitable disposable - so we must hope Rupert finds an exit on these two to re-cash the portfolio.

Plenty of cheap investment opportunities on the horizon.

[trawl] 28/9/2022 11:17

Not all investments will work out
Mkt cap is now only 3mil
Even after writing off the failures
the remaining assets probably worth double that

[dplewis1] 28/9/2022 08:52

RMM investment now worth about £60k .. about as well timed as a Roy Keane tackle that one.

[mallorca 9] 27/9/2022 12:03

The investments into RMM really do call in to question the level of competence here .... even I walked away from RMM after seeing the debt and the operational loss.

[iceagefarmer] 24/9/2022 09:29

rambler..wonder if prim will average down at 7p?

[knightrider69] 24/9/2022 03:34

Rambla 450k1.7m at 27pNow worth 7pClean power 450k1m at 45Trades same priceLandor 230k1m at 23pWorth 18p

[golden prospect] 22/9/2022 23:59

Folk that have valued the weshop equivalent investment (see boanerges) at zero pounds may find a recovery of value in 2023.

[rental] 21/9/2022 13:52

can anyone update me,
what did we hold in initial investment value in
Rambler
Landore
Clean Power

ta

[golden prospect] 18/9/2022 06:48

On balance the key investments offer substantial upside. Take for instance the Fresho holding. At xrate 0.53 this was 1.6 million pounds. Moving to xrate 0.58 adds 150,000 pounds to the valuation.

[iceagefarmer] 17/9/2022 17:07

and what about truspine? disaster too

[knightrider69] 16/9/2022 18:58

Fact remains. We still 40% down. Mustang & rambler - awful decisions don't bode well full stop. Yes Let's do this buy back - 4.2p please! ...... but there's no cash!!This all smells. I bet these experts say take it private soon. Good nite nurse & Touch ya toes. Happens all the time

[golden prospect] 16/9/2022 18:41

Rupert, thank you for you kind invitation to make contact.

For now, i shall refrain as i don't want to be accused of having the ear (although i'd probably be more interested in the sailing !)

[betterupthandown1] 16/9/2022 08:57

We tend to be conservative on our valuation of NAV. Investments in the accounts are either valued at the purchase cost or some other legacy investments have been written down to what we consider a more realistic value. We believe this is prudent for obvious reasons. Tim is correct in what he says but everyone is able to have a look at the website which we do endeavour to keep up to date. GP I also agree with you assumption about the valuation and that is why I retain my full holding.
GP( or anyone else) feel free to contact myself if you require further information which you might feel is valuable to your own calculations.

Best
Rupert