Primorus Investments Share Discussion Threads

[chutes01] 26/1/2024 21:01

Paddington is my hero this weekend
CPH2 @ 45p is certainly one of Ruperts better investments to date, he should be applauded for this.

[golden prospect] 26/1/2024 20:41

On the subject of CPH2, and with Rupert following the thread, I would be interested to learn how he views the 900,000 pound investment @45p vs the current price of 10p. Time to double-down ?

[medusala] 26/1/2024 18:26

Except it's nothing to do with Paddington

[katekat] 26/1/2024 17:48

Big time, you obviously short and have no idea how to get out of your position and talking nonsense,

Fact, a 58 billion pound company is buying payapps and prim own 2 percent of payapps.

Fact, Fresho are doing numbers now 100 percent higher than a similar company which is valued at 2 Billion, and prim have invested to 4 percent of fresho.

Fact, Prim has no borrowing and money in the bank from Bushveld and into many other investments.

Fact, we have an incredible low market cap to these two incredible company’s we hold percentages and looking to come very good.

[big7ime] 26/1/2024 16:19

We’ve been here before. Payapps is a tiny investment, and pvt eq isn’t being valued as high these days, so they’ll be lucky to get their money back and won’t make up for the losses elsewhere such as cph2
newbies are going to be v disappointed but then they’ll be out in a few days

[katekat] 26/1/2024 14:57

Most of the info is on Fresho Linkedin page cog.

[goggin] 26/1/2024 14:53

https://www.fresho.com/aboutVery hard to find financial info. Companies house uk have nothing, Australia is where they probably fileIf anyone has details of t/o etc please post

[chutes01] 26/1/2024 14:29

heading to the moon this is
Paddington walks on water, he is god, can do no wrong ..
All hail Paddington

[katekat] 26/1/2024 14:27

Fresho maybe is “the” investment at the moment for anyone, and by miracle prim has it, you have to buy prim to be in fresho.

[megaman2] 26/1/2024 14:24

[...][...]

Here is another article re Grubtrade ..

$120 mill raised on $2 bill valuation $1.5 billion annual run rate ..

The figures don't lie...

My link got deleted 🤣 just Google it dyor if interested

[dplewis1] 26/1/2024 14:17

Will be good to get some cash in from this trade sale of payapps .. however every recent investment I can think of (Rambler, Clean Power) has been an absolute fkg disaster. Should definitely chuck a bit more cash at Fresho though, that looks like a winner

[goggin] 26/1/2024 14:15

https://primorusinvestments.com/our-investments/What & when they invested in. What is the payapps deal worth?

[katekat] 26/1/2024 14:15

Fresho could be worth 100 million to Prim on the valuations in the media for grub market and fresno’s posts today.

[goggin] 26/1/2024 14:09

From June 23 resultsThe Directors continue to align themselves with shareholders as demonstrated by numerous share purchases by Directors on the market culminating in a current combined Director holding of over 25% of shares in issue.Very low volume traded, less than 1m, can u imagine what would happen if 20m changed ??

[megaman2] 26/1/2024 13:57

You didn't read my post properly .



I said grubmarket have a $2 billion valuation according to various sources ..another b2b company in similar market with comparable annual order ...they have annual order $1.6 bn but that's USA $.

Fresho is ¢2.6 bill but I think aud.

So what's fresho worth ????!!! $2 Billion on a like for like basis ...

I never said $2.6 billion valuation....I said run rate .
And referred to grubmarkets valuation by various sources and related to funding rounds ...there was talk over a year ago of grubmarket IPO at $3 billion at the time I suggested fresho could be a value accretive target for them as they have been expanding by acquisition .

Since then fresho have massively increased their order book ..this is potentially huge. Their revenue is equal to grub market when it had valuation touted at $2 billion ...

This is definitely worth discussing imo.....
If you want to explain to me why grubmarket was valued at $2 billion and fresho isn't I'm all ears ...

I think others should take time to research this and come up with their view ..
Grubmarket is USA based so you could argue that might trade on a higher multiple also they are in the same space but not identical markets my understanding is fresho orders are with restaurants where grubmarket is retailers b2b. By no means an expert here but I've been making this comparison for a while now.

[goggin] 26/1/2024 13:33

Andy Burg, Vice President, Operations Technology Solutions, Messer Construction Co., an ENR top-100 general contractor with $1.4 billion in revenue, and mutual Autodesk and Payapps/GCPay customer shared, "Messer Construction has utilized GCPay for the past eight years to facilitate our subcontract pay request process. This user-friendly and intuitive application provided improved controls, data accuracy, and process efficiency, which were essential for our project teams and trade partners. Since standardizing on Autodesk Build nearly three years ago, we have continued streamlining project workflows across construction stakeholders.

[cwa1] 26/1/2024 13:33

Being a fool to myself, you can have mine for 48p at the moment. Short term offer only mind ;-)

[dplewis1] 26/1/2024 13:32

$2.6bn is the order value, not the market cap

[chutes01] 26/1/2024 13:31

this could be over 50p within weeks, missed by the market

[katekat] 26/1/2024 13:30

someone has sold some at 3.5p at last.
Finnaly might start some volume here.

[katekat] 26/1/2024 13:25

Megaman 4 percent of fresho is incredible if over 2 billion. that’s 20 times todays market cap.

[chutes01] 26/1/2024 13:25

up 44%, more to come

[dplewis1] 26/1/2024 10:25

Fresho post here:hTTps://www.linkedin.com/posts/fresho-_fresho-co-founderhuw-birrellasked-zampa-activity-7156563920260857857-0-p2?utm_source=share&utm_medium=member_iosCould get interesting (finally) in PRIM this year

[megaman2] 26/1/2024 09:51

Shhhh...



Grubmatket USA private business to business food ordering system had annual run rate $1.5 billion 2022...valuation $2.2..billion !!!

Fresho annual run rate .. $2.6 billion. But I think.thats aud ..so same ball park ..
They have more than doubled their revenue in a year this is huge ...

What's that valuation...they are smashing it
Do prim own 4% ? Of $2 billion ..tell me im. dreaming..

[katekat] 26/1/2024 09:18

now 3.38 50k only