Primorus Investments Share Discussion Threads

[golden prospect] 30/11/2020 12:08

I guess if one is ousted from the company and reminded that ex-directors fees were excessive, then there can be no surprise Clayton (ex-CEO) sells holding below 3%



edit:
In any event, Clayton did a great job realising the gains in GGP and leaving the ship well stocked.

[golden prospect] 30/11/2020 09:07

Timbo, yes indeed; relatively huge and ignored by some investors!

From the 12 NOV 2019 we know they have invested £1,500,000


And from 12 AUG 2020 they were planning £250,000 Convertible Loan Note

[timbo] 30/11/2020 08:21

Engage is potentially huge. I am hoping we stay in this one for a while yet before selling to secondary investors - I am assuming it will come to market within a year or two...The second part of that statement suggests one of the big SaaS companies might buy it out - they have deep enough pockets and the subscription model gives a consistency for valuation.

[golden prospect] 30/11/2020 08:08

Timbo, it is interesting to re-read the last quarterly update re "Engage".

Observe, PRIM has added plus note the recent G4S contract re services to management controls at their national COVID-19 testing facilities.

The exit part reads:

"With Engage now well-funded for the next 24-36 months and on a path to break-even, Primorus looks forward to watching Engage's business flourish. We believe the most likely exit scenario remains a secondary or trade sale to a complimentary sector provider who will acquire Engage to augment their own business model. Given the scale and depth of the industry we believe there should be no shortage of potential suitors."

[timbo] 28/11/2020 20:08

Interesting if needed to liquidate any Aussie stocks in case of something much better..Note that two of these guys were involved with Fresho and two with Aconex (a company Zuuse is competing with). I'm quite excited by both Fresho and Zuuse as companies - it will be interesting what Rupert and co decide after their review of our investments...

[golden prospect] 27/11/2020 18:18

It is clear disgruntled investors have departed in the last few days given the recent mixed volumes; perhaps the new team are catching stock on the other side (observe delayed trade 1m @ 3.2p).

The welcome to Rupert is great news, so far

* Reduced annual director fees by 70%
* Reduced listing fees by cancelling dual listing
* Eliminated unwarranted 17.8m share dilution for small fee £140K

Well done.

[timbo] 27/11/2020 11:55

Good RNS3 directors salaries and fees total £96000 per year rather than £323000 previouslyWithdrawal from Aquis listingChange of auditor Reviewing new investments

[golden prospect] 27/11/2020 11:54

Off Topic

Interesting that GGP with 3,859,256,630 shares at 25p gives MCAP £964m
If next year GGP doubles it will have a MCAP over £1.9bn

So can GGP double next year for 20 fold gain in 2 years ? Time will tell.

Will be fun to see the % comparison for exit value in Zuuse.

[tyranosaurus] 27/11/2020 10:56

Timbo re 1716
I cannot predict the future.
Wait and see.
I am still holding some PRIM shares.

[hernando2] 27/11/2020 10:42

I have been buying at these prices juts did another trade on the back of this, i think the directors are on the side of us PI’s..fingers crossed

[golden prospect] 27/11/2020 10:40

Announcement out 27/11 - great news, right man at the helm and keeping costs down!

[golden prospect] 27/11/2020 09:59

PRIM looks set for a healthy 2021 given a huge cash pot that covers its market price, no debt and major investments in the digital market. Rupert inherits a great platform to reward shareholders.

[skyship] 27/11/2020 09:20

Clayton did a really great job for PRIM, so I find the change all rather bizarre.

Still, the past GGP success extremely unlikely to be repeated, so perhaps shareholders just need to hold fire and see the outcome of the review.

At anything around the 3.00p-3.50p PRIM look a reasonable "shell company" play trading at a slight discount to CASH; so I've bought a few & will add with a cheaper offer.

[timbo] 27/11/2020 09:16

Just out of interest tyranosaurus, where will GGP price be on 31/12/2020 and 31/01/2021? Just so we can compare your performance against any lost opportunity cost with Zuuse...

[golden prospect] 27/11/2020 09:07

#22: Zuuse
Growth 285%

27th November 2020


Glad PRIM have added to their Zuuse investment, great choice.

Primorus hold 2,057,205 fully paid shares in Zuuse and 1m options = 1.7%

[tyranosaurus] 27/11/2020 09:03

GGP going up.
Whoops - too late for PRIM.

[darrindusty] 26/11/2020 19:19

Bit harsh. Us Burnley boys happy Old board got £5m quid cash for company. What have you ever done? You sound like Biden leftie

[golden prospect] 26/11/2020 07:19

News on WeShop in TSI interim results today 26/11/20, more fully-launch ready



"the recent fund raise by WeShop puts this business in a strong position and TSI looks forward to the launch and roll out of the app and proposition to consumers more widely."

[dplewis1] 23/11/2020 07:26

Yes absolute confetti shares being removed, got it be good news. That waste of space Donald Strang doesn't deserve a penny imo but at least he'll never darken their door again.

[golden prospect] 23/11/2020 07:11

Very good housekeeping to avoid 11.3% dilution for only £140,000

23rd November 2020

[golden prospect] 22/11/2020 21:20

TruSpine Technologies stands up to scrutiny
FDA filing + 90 days is the key for TruSpine.




16th November 2020

[dplewis1] 20/11/2020 16:53

Another one delayed just printed. I agree there have been some clumpy buys recently but spaced apart and the share price hasn't moved up much

[strongbuy] 20/11/2020 15:38

Something going on I have watched the sneaky buys off the radar at moment but not for long 🚀🚀🚀🚀8521;👍Ԏ88;

[golden prospect] 20/11/2020 09:47

Zuuse are in the right place (huge global market) at the right time (cloud based solutions) for managing construction payments and are clearly disruptive to the historic paper-based approach.

19th November 2020

[golden prospect] 19/11/2020 17:42

Thanks to Skittish from LSE thread (19/11/2020)

Tidying up a few loose ends....



"Registered office address changed from 20 the Broadgate Tower, Primrose Street, London EC2A 2EW United Kingdom to 48 Chancery Lane C/O Keystone Law (Attn: S Holden) London WC2A 1JF on 19 November 2020"

And as to Mr Holden this is what is said about him....



"Simon’s equity capital markets and M&A expertise, specifically relating to mining and oil and gas transactions, has been recognised in The Legal 500 where he is recommended by clients and praised as a ‘tour de force’"

Interesting that this change of RO has been preceded over the last few days by some buying activity.

The existing investments may well be divested over time - this is now a totally different company to that which existed a few months ago - the only common factor is the name, and many of the same shareholders, although at least 25% of these are different.

Standby for action.......