Primorus Investments Share Discussion Threads

[jimbobaroony] 01/6/2020 14:45

I have been crunching some numbers:

At current prices, the GGP investment accounts for aprox 90% of PRIM market cap price. That values the rest of their portfolio / cash at 10% (or £400K).

So for that £400K, they have invested:

£1.45M in engage
$426,000 (Aus) in Fresho
$300,000 (Aus) in Nomand
£100,000 in SOA
£100,000 in Sport:80
£200,000 in SteamTV
£500,000 in TruSpine
£875,000 in WeShop
$57,000 in Zuuse

These figures are all the based on the investment amount at the time of acquisition, the value now could be higher or lower. However you look at it, that's a lot of investments for that £400K

[rental] 01/6/2020 12:25

Can someone start a new GGP thead on there

Title

GGP thread and prim discussing thread
Under GGP then people will wake up to value here

[rental] 01/6/2020 12:21

I’m really disappointed with today’s share price, today’s GGP rise is priced in

But fridays massive ggp rise is not priced in as it rose at 4.35pm on the crossing

Also we were already down from normal price

So please let me remind everyone

Prim was at 3.5p a free weeks ago when GGP touched 8p

So we should now be at 30 percent higher than 3.5p today

Totally don’t understand it and they can’t hold this down tommorow

I would Almost our everything on it that if ggp holds today’s price I am certain we will be over 4p tomorrow.

Enjoy the sunshine chaps and ride this one
I am

No interest in selling any until north side of 6p

[big7ime] 31/5/2020 19:38

If ggp rises as expected then I think 4p will be behind us. Looking at the 6mth chart, 5p looks a sensible tgt based on that amazing inv H&S
Watch it go crazy on breaking 3.4

[daicaprice] 31/5/2020 13:04

Apology I had Fresho in my mind, Weshop should be booming in lockdown you are correct.

DC

[johncasey] 31/5/2020 09:16

morning DC..did you mean re fresho or Webshop? didnt think weshop would be affected but i might be wrong

[daicaprice] 31/5/2020 05:18

Morning John, I believe home delivery growth is going through the roof but it is nowhere near compensating for the loss of Hotel and Restaurant revenue lost due to the covid nonsense is my understanding.
Prim is however certainly looking well undervalued and due a significant rise in my opinion.

DC

[johncasey] 31/5/2020 02:58

ive heard weshop growth is going thru the roof due to covid nonsense

[barnetpeter] 30/5/2020 22:37

The big problem with this stock .....the director pay or emoluments. An investment company as small as this....4 million.....should not be paying up more than 2.5 per cent in total. Here it is about 8 per cent. Crazy.

£323,000 for three directors. Every year. The investments have to perform very well just to stand still. even with the GGP holding it is tough to see how this goes much higher. I hold from 2p from last year but I dont see more than 4.5p / 5p even if GGP is sold for 20p or so. Which I think is likely and then we will get a spike and I am out.

[tmmalik] 30/5/2020 22:17

Prim will rise once they sell few stakes in ggp as investor fears any cash call can be made.Without cash call fears its value is 6p.I agree this is good time to start increasing your investment as news from other investment due next month .I can forsee prim will go in double digits before Xmas timeI m prim shareholder from last 3 years.Dyor

[johncasey] 30/5/2020 10:12

this looks interesting..blimey!

hxxps://armchairinvest.com/wp-content/uploads/2019/04/TruSpine-Presentation-FINAL-L-v9.3.pdf

[johncasey] 30/5/2020 09:44

interesting..what stock exchange is that? truspine about to list acording to their website

[aidenabettin] 30/5/2020 03:44

Trust an Australian go)d miner with links to lenigas?.Are you serious.I would would have more trust in a company with Platinum and Palladium assets in Russia and that wouldn't rise above zero.Just another money laundering scam imo

[johncasey] 30/5/2020 03:29

well for every 1p increase in greatland prim make another £370,000...is my maths correct? so if we go to twenty pence another £3.7m in the coffers which is £7.4m in total on just one investment and market cap at the moment just £4m..ridiulous to say the least with all the money they have in Engage and Fresho and other firms

[rental] 29/5/2020 22:11

Did ggp cross at 10p
This surely mean prim will go 4p Monday morning.

I’m excited,
Have a good weekend chaps

[johncasey] 29/5/2020 20:08

yeah i think he bought 10million..late trade on greatland

[trawl] 29/5/2020 19:03

maybe if there is free cash they could buy back some shares

[tyranosaurus] 22/5/2020 09:24

How is the spiking going ?
Is 6.5p this week still on ?

[rental] 20/5/2020 17:51

Can see this spiking very very soon

Anyone trying to hold this down won’t be able to hold for much longer now

Would be nice to see this spike to 6.5p this week.

[chrisdgb] 19/5/2020 09:33

Should really push on to 4p with all the positive news flow out there.......

[vinceelliott] 08/5/2020 15:43

Ukog Holding

Now, onto some highlights for the period (Prim Investor Report Q/E Feb 2019):
Over the Quarter, realised a circa £1m unaudited cash profit on investment by selling most of our holdings in UKOG PLC at an average weighted price of circa 1.77p.

No mention of the residual amount.

[trawl] 07/5/2020 23:25

did prim sell the shares it got in ukog or does it still have them

[vinceelliott] 01/5/2020 20:26

hxxps://www.afr.com/companies/mining/newcrest-s-1-1b-cash-call-completely-different-to-rescue-raisings-20200430-p54on6

[trawl] 30/4/2020 17:37

was that 925k at 3.5 at the close