Primorus Investments Share Discussion Threads

[johncasey] 30/4/2019 00:02

if only


hxxps://www.syndicateroom.com/investing/ipo/rumours/hellofresh-october-ipo

While the IPO would value the company somewhere between €1.5bn and €2bn, and HelloFresh itself has now made a statement confirming the intention to float. Chief Executive Dominik Richter has stated that "we have seen tremendous success and market share gains in the US in the last few quarters. We now intend to use the proceeds from the IPO to continue expanding our market share and become the clear No. 1 player on the US market in 2018."

Image of Document

[johncasey] 29/4/2019 23:57

corrientes..i know your deramping game mate so jog on!

talk on lse today that it was near impossible to buy shares in prim...something big brewing i reckon

[corrientes] 29/4/2019 12:38

Pardon me for feeling totally underwhelmed if the share price (which looks at future) is anything to go by.A damp squib rather than a rocket seems an apt description.

[corrientes] 29/4/2019 12:38

Pardon me for feeling totally underwhelmed if the share price (which looks at future) is anything to go by.A damp squib rather than a rocket seems an apt description.

[johncasey] 29/4/2019 10:55

wrong laddie!

Despite having received a bid for our existing shareholding (which demonstrates that there are other ways of realising value from our investments other than just an IPO)

[corrientes] 29/4/2019 10:54

which of course will be zilch !

[corrientes] 29/4/2019 10:52

Absolutely Meaningless unless related to effect on PRIM share price.

[johncasey] 23/4/2019 00:03

Primorus Investments plc
("Primorus" or the "Company")
Further Investment in Fresho

Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to advise its shareholders that it has made a further small investment in Fresho Pty Ltd ("Fresho"), maintaining its circa 3.4% ownership level as part of an AUD$1.5m capital raise fully funded by existing shareholders of Fresho.

The capital raise has been completed at AUD$0.475 per share, representing a 76% premium to the price of our initial purchase of 1,111,111 shares (as announced on 22 September 2016) and a 25% premium to a subsequent investment in a further 197,368 shares (as announced on 8 November 2017).

The capital raise was only available to existing qualifying shareholders and only required an investment by Primorus of circa AUD$51,000 for an additional 107,244 shares in order to maintain the ownership level at circa 3.4%, taking the total number of shares owned in Fresho to 1,415,723.

The proceeds of this capital raise are to be used to accelerate the international growth aspirations of Fresho. Recent investigations into Asian and North American markets were very positive and Fresho has decided to use these funds to scale-up in order to meet the potential demand by localising the platform for these markets and growing the client on-boarding team. Importantly Fresho maintained a healthy cash balance of circa AUD$1.8m prior to this capital raise.

Alastair Clayton, Executive Director, commented - "We are really pleased that the management of Fresho have decided to tool-up to take on the enormous potential that has shown itself to exist in the Asian and North American markets. We believe that it was both prudent and attractive for existing shareholders to be able to participate at this value point in advance of what will be a push into product development and support systems for this global expansion."

"Despite having received a bid for our existing shareholding (which demonstrates that there are other ways of realising value from our investments other than just an IPO), we have decided to invest further in Fresho as we believe it is worth more than AUD$0.475 per share."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Primorus Investments plc:
[phone]
Alastair Clayton

[johncasey] 22/4/2019 23:49

time primorus investors reaped what they sowed

[johncasey] 19/4/2019 00:31

surely floatation news soon...fresho or engage?

[rental] 18/4/2019 18:17

The 5 mill not mine, but I obviously have a lot here. If you saw my posts before on needing to know shares in issue

[maytrees] 17/4/2019 09:55

Greetings rental
Good luck with the investment.
That 5m buy just now unless you are in again, signifies some added interest.

[rental] 17/4/2019 09:22

3m was mine,
just luck someone was selling same time.

[maytrees] 17/4/2019 09:21

Interesting a 2m sell followed by another large 3m+ buy.

[maytrees] 17/4/2019 09:14

Good morning all
Seems to be a largish PRIM buyer about; anyway a small share price gain is always welcome.

[daicaprice] 10/4/2019 11:12

The consolidation question comes up in many of the AIM stocks I follow and a 1:100 here would make sense to me I have to say.
Good luck building your position.

DC

[skyship] 10/4/2019 11:01

dai - no, two different investors. I took the first 2.5m just to get a few. After researching this over the weekend I wanted 10m as a small allocation punt in my SIPP; but that darned RNS of another PI taking a stake took the share price away from me. Very annoying! Will watch and wait for now.....if I miss it, I miss it!

In the meantime will be contacting Clayton re the ridiculous share price. Are you aware of any discussion re a simple consolidation? A 1:100 would give us a more sensible share price of 12p; a 1:1000 would then be trading @ 120p.

A lot of the more serious PIs won't even consider a stock trading below 1p; automatically written off as an AIM microcap punter stock rather than a serious investment.

[daicaprice] 10/4/2019 10:09

And as if by magic he’s in for more!

DC

[daicaprice] 10/4/2019 09:40

Someone quick off the mark this morning for 2.5m, could do with a few more like that.

DC

[johncasey] 06/4/2019 13:42

i guess they were waiting for the new tax year to start and fresh start spring

[johncasey] 06/4/2019 13:41

probably fresho or engage ipo imminent...about bloody time!

[antimony64] 06/4/2019 12:05

Anyone want to tell me whats going on?

[daicaprice] 05/4/2019 23:34

Keep it all quiet, we don’t want any traders turning up.

DC

[jimbobaroony] 05/4/2019 22:57

They responded instantly tonan email. The number is a shared answer service