Primorus Investments Share Discussion Threads

[chutes01] 30/11/2022 12:34

persistent seller gone, this should move nearer to NAV now
Paddington, are you ok ? even a 'yes' will suffice at this juncture ...

[rental] 30/11/2022 11:56

maybe we have cleared the seller who has been here 2 years plus, if so nothing going to stop this is to 6p

[betterupthandown1] 30/11/2022 11:14

All noted.

Mallorca, can I just correct you in that Primorus does not have any exposure to the BMN share price. Primorus has a CLN and unless we convert then we will just be receiving 10% on the loan. If we did convert then clearly we would then have some exposure to the share price.

[astonas] 30/11/2022 10:29

Good morning,
Rupert should buy some Caspian Sunrise, with a 12% dividend it is looking better than good!
Mb

[mallorca 9] 30/11/2022 10:08

The news of Mustang coming out of suspension must be imminent as they have already announced it's dilution to acquire 50% of Enerox.
Bushveld has a stake in the above and Prim has shares and options in Bushveld.
That is when I see Prim moving back to around 3.5p.

[chutes01] 30/11/2022 09:45

Paddington !?
Are you ok ?

[amaretto1] 29/11/2022 18:26

Wonder if any news on the RMM situation ?

[big7ime] 29/11/2022 16:56

Bought the ones back I sold at 5p, happy to rinse and repeat as no reason for them to be sub 3p. My rough calc of asset val is 7.3p and any one of the larger investments could return a couple of million once better market conditions return

[chutes01] 29/11/2022 15:10

gap up to 3p looks on now, buybacks or a new investor mopping up today

[megaman2] 29/11/2022 13:37

Rbk over in lse has said he has sold which might explain some if the dip. He is also concerned about cash. There is the bmn cln to get paid back. But burning cash whilst the investments go down is very worrying . My fundamental concern here is that the investments need to turn c 10 per annum.ti break even and that it makes the investment look a bit daft as an idea can the directors really beat the markets with having to return c 10 % just to cover costs ...it's my own fault for investing as it seems flawed ..

[mallorca 9] 29/11/2022 09:49

Things beginning to move now with Interpac ... Prim has 42,735 shares in Interpac.
They paid £5.85 per share at the latest funding round ... which was before this news.

[skyship] 29/11/2022 09:35

Boystown - no longer hold. Sold them all down @ c3.35p over June/July - got fed up with the BMN/Mustang fiasco; though hopefully shareholders will actually get their money back from that one.

Intrigued to see how this one works out; but perhaps best for shareholders if Labrum found a buyer for his stake - someone with rather more competence as an investment manager.

PRIM remains a handily sized shell; so in other hands an investment here could still have merit.

[betterupthandown1] 29/11/2022 08:50

Chutes, Thank you for your kind words . I can feel my competency levels rise as I write.

[chutes01] 29/11/2022 08:48

Difficult to get hold of stock now

[mallorca 9] 29/11/2022 08:41

Just watching CNBC .... its amazing how much money is being invested in energy transformation over the next few years ..... Prim are in the right spot.

[mallorca 9] 29/11/2022 08:16

Decided to back my own judgement and buy a few more ... but frustratingly, I can only get 20k shares on auto quote.
Still .. better than nothing !

[gerd212] 28/11/2022 21:04

As it stands Mustang will only hold 50% of Enerox.

[mallorca 9] 28/11/2022 19:07

I personally think that once Mustang re lists then a lot of things will unravel.
Also ... the last Rambler update was more encouraging too.

With regard to the detailed valuation that I referred to above .. I can easily share the following ...

Prim currently owns 3,415,723 shares in FRESHO.
The last funding round was fully subscribed at AUD 0.575 per share
Total value AUD 1,964,041 = circa £1,099,863

ENGAGE .... Prim owns 92,374 shares ... the last funding round was fully subscribed at £19.29 per share ... value of Prim holding £1,781,894

PAYAPPS ... Prim owns 3,065,058 shares
last funding round was at AUD 0.86
Value of Prim Holding AUD 2,635,950 or £1,475,132.

Other holdings that you may not be as familiar with ...
TRUSPINE ... value £541,666
WE SHOP ... value £880,166

I guess you know most of the others.

[chutes01] 28/11/2022 18:04

He’s never shy to come on here
See what his next move is

[knightrider69] 28/11/2022 17:57

Sure has. Move him on