Primorus Investments Share Discussion Threads

[katekat] 26/2/2024 09:26

megaPric, you moan about everything prim does, the question is why are you here at all, I guess another one who sold his share before we got in such a lovely position.

Blocked for always posting your own agenda and not the facts.

[megaman2] 26/2/2024 08:53

Don't know much about chp but the 60-80 p warrants looked like a gimmick when I had a quick shifty ...

[dplewis1] 26/2/2024 07:07

I reckon there might be an average down trade in CPH .. starting to look more promising there but a long way back to the IPO price that they paid

[westendwinston] 25/2/2024 23:55

RBear has about 35m shares. Reckon cost sverage 3p for £1m investment. Currently worth around £1.8m at 5pHe will want some cash return....(Just like rest of us !!)So reckon a 3p divvi is on the cards. Then his cost base is 0. Run the gambit on the rest of investments (Balance of PayApps, Fresho etc) ......or do an RTO down track if find decent investment worth the hassle.

[chutes01] 25/2/2024 13:13

Let's see what Paddington has for us now
Exciting

[megaman2] 24/2/2024 21:56

No they don't stop with the daft ramping it's not a good look .

[katekat] 24/2/2024 12:08

5p support ???? they nearly have 5p in cash

[2magpies] 23/2/2024 23:01

support @5p now?

[2magpies] 23/2/2024 22:51

And...... there we go, gap closed double-quick:


free stock charts from uk.advfn.com

[chutes01] 23/2/2024 17:58

A combo of buy-back and divi will release proper value, look forward to see what Paddington decides to do, further cash due in, and other investments coming to fruition

[megaman2] 23/2/2024 17:38

"Primorus Investments PLC

Capital Reduction



Primorus Investments PLC (the "Company"), the AIM listed investment company, is pleased to announce that the reduction of share capital of the Company pursuant to section 648 of the Companies Act 2006, comprised of the cancellation of all deferred shares in the capital of the Company and the cancellation of the Company's share premium account as at 31 December 2020 (together, the "Capital Reduction"), as approved by shareholders at the General Meeting on 8 September 2021, was sanctioned by the High Court of England and Wales (the "High Court").



The effect of the Capital Reduction is to create distributable reserves."

Plus AGM gave rights for up to 10 % buy back
Next few rns will be interesting .

[chutes01] 23/2/2024 17:11

Interesting times, and this remains dirt cheap
Off radar.

[megaman2] 23/2/2024 17:00

A 33.75% tax and 39.35 % over c£125 k might be a factor ...

Anybody owning 24 % of a company will take this into consideration

A 3 p dividend is a c £475 k tax bill..

Div tax could also be a reason to see sells at cash value .

I really can't see a reverse takeover too many other assets complicating matters plenty of empty spacs more favourable options to targets who are calling the shots .

[chutes01] 23/2/2024 13:50

Unlikely to see a divi given the numerous opportunities that present to Primorus, or reverse T/O

[2magpies] 23/2/2024 13:20

"megaman2
23 Feb '24 - 13:15 - 3279 of 3280
0 1 0
............

If the penny hasn't dropped you probably should not be invested in penny stocks😂€514;"

PRIM is in a position to pay dividend, and it might still do that.

Hold if that makes sense; sell if that doesn't. Strictly IMO, of course.

[2magpies] 23/2/2024 13:17

chutes01
23 Feb '24 - 13:15 - 3278 of 3279 (Filtered)

[megaman2] 23/2/2024 13:15

Fair play for the director to post on here.

He has spelled out important Information in his posts and repeated that info ...

If the penny hasn't dropped you probably should not be invested in penny stocks😂€514;

[2magpies] 23/2/2024 13:11

The share price is only mrginally above the level of approx 3 years ago.

'Gap' at approx 5.23 .. which could close at any moment.

Sp has risen sharply, in recent weeks... but only to make up for lost ground over the previous 12-36 months .. 'volatile' is the word.

Volume is very, very low.





free stock charts from uk.advfn.com

[2magpies] 23/2/2024 12:23

betterupthandown1

Once again: thanks for engaging.

Might just take you up on that offer!

(I am intrigued to know when/whether you intend to 'harvest' your crop!! or, why did YOU buy?)

However, to the question why no dividend?

Is the answer really: 'well sell up, if you want a dividend', or, 'no one forced you to buy'?

What is the reason for NOT paying a dividend? Do you have an answer?

And yes, it is up to the BOD, .. goes without saying.

[betterupthandown1] 23/2/2024 12:13

Magpies, we will have to agree to disagree. It is entirely your decision when to buy and when to sell.
'None of the cash has found its way into those who has bought into Prim' - the share price has doubled in the last month and so clearly some of the money has found its way into the share price. Do I think that the whole value and company assets is reflected in the share price- definitely not. There is a disconnect between NAV and MCAP and that is true of a lot of investment companies. It is up to the Directors of the company to address this issue - We have only had the cash in the bank for a day.
Once again I suggest you do your research and look at why we did a capital restructuring and look at the resolutions passed at the last AGM.
No one twisted your arm to buy into this company and as I said its your choice what to do with your shares. Please give me a call if you want to discuss this further.

[katekat] 23/2/2024 09:53

up 18 percent, it moved up while I was typing.

back to work, be great to see where this is at close

[2magpies] 23/2/2024 09:53

betterupthandown1

And here's another angle:

Imagine if farmers only ever planted 'seed-crop', and re-planted the entire harvest, again as seed-crop, and so on, and on each season: the farmers would be very happy with their skills, but people would die of starvation.

You have to sell some, eat some and keep some of the crop, no?

[katekat] 23/2/2024 09:50

Another of prim investments, cleanpower up 15 percent today.

I did mention this yesterday BoonBag, but got shot down for mentioning.