Primorus Investments Share Discussion Threads

[golden prospect] 07/8/2021 09:02

Here's a good starting point



Say for Fresho, look at round #4 funding price AUD $0.575
Total shares held by PRIM is 3,415,723
Value AUD $1.964m = GBP £1.04m

[dplewis1] 07/8/2021 08:29

Price looking quite attractive here, I see they own 5% of Fresho which looks an interesting investment. Does anyone know the current value of Fresho I can't seem to find it anywhere. TIA

[golden prospect] 06/8/2021 12:00

It's an old story from 2018 but a great reminder of the huge potential

Engage Technology Partners

[golden prospect] 04/8/2021 09:41

26 JULY 2021

"Leading facilities management software provider, Zuuse, today announced the rebrand of its facilities management business to FMI Works."

[timbo] 30/7/2021 21:31

Depending on how my other investments go over the next couple of weeks I might join you for a few.

[rental] 30/7/2021 13:48

if it drops any more, i will probably take another 1 percent.

[timbo] 28/7/2021 17:35

Thanks Rental, that surprises me - I didn't realise they had that much stock. I suppose looking back to 6th July and prior there were more sales than purchases.

[rental] 28/7/2021 17:27

Instant purchases
Of 250ks and 100ks

[timbo] 28/7/2021 15:54

Do you know if it took much effort for the broker to work the trades or was the stock readily available in those quantities?

[rental] 28/7/2021 12:29

another little top up from me.

[rental] 27/7/2021 16:53

will get a tiny bit more tomorrow.

[skyship] 27/7/2021 16:43

rental - Thnx for your support - also considering taking on a few more after reading that piece on Fresho.

[rental] 27/7/2021 16:29

a little top up from me today
trades not shown yet , expect them tomorrow

[golden prospect] 23/7/2021 11:57

There is a buyer for truspine stock if PRIM want to crystallize TSP loss
( i have already written this off in any calculations !)

23 JULY 2021

[golden prospect] 21/7/2021 20:39

Timbo, there is substantial legacy value to unlock from Zuuse, Engage and Fresho - so all three are monitored !

[timbo] 21/7/2021 16:52

I know you've probably got it on your alerts from Companies House but thanks for that GP. Good spot!

Was a bit concerned last week when their website was down for a few minutes...but seems to be ok now.

[golden prospect] 21/7/2021 11:48

Confirmation statement Engage Technology Partners filed 16th July 2021

Top ten holders:

STM LIFE ASSURANCE PCC PLC 351,581
PRAED HOLDINGS LIMITED 280,843
HOWARD HUGHES 147,325
PERSHING NOMINEES LTD A/C CCLT 137,557
UK FF NOMINEES LIMITED 115,981
PAUL LONGEGA 99,090
PRIMORUS INVESTMENTS PLC 92,374
ALEX FRASER 70,223
DR ELEVATION HOLDINGS LTD 65,500
WILLIAMS ROY GRAINGER 40,980


Note : For PRIM, last funding £22/share so investment is worth at least £2m

[mallorca 9] 15/7/2021 06:46

Means that the Company is currently way undervalued and represents a time limited opportunity to buy at below the price recently paid by RL for his additional 1m shares.

[chutes01] 14/7/2021 15:09

sp weakness suggests some large holders unable to exit in an orderly fashion right now, this ties up investment cash at the wrong time for many.

[golden prospect] 14/7/2021 11:02

The PRIM deal 27/4 in MUST did not receive a great welcome, probably due to its complex ownership structure. Since then PRIM share price has been eroded 20% to near 4p, a disproportionate pricing given the portfolio of investments.

PRIM prices today show 4 to 4.2p but no online quotes for 4.2p buyers !

[chutes01] 14/7/2021 10:56

explains the recent weakness and lack of buyers

[skyship] 14/7/2021 09:33

The relevant fall-back for PRIM:

"If Readmission does not take place by the Maturity Date, AIM-quoted vanadium producer Bushveld Minerals Limited (whose subsidiary Bushveld Energy Limited ("BEL") is the majority shareholder in VRFBH) has agreed, as part of the Fundraising, to issue new ordinary shares in its capital ("BMN Shares") to the holders of the MUST Loan Notes in return for MUST transferring to BEL all of its shares in VRFBH and paying a fee to BMN of an amount equal to 5 per cent. of the MUST Fundraise (the "Backstop"). Primorus has the sole discretion to elect to receive shares directly in the capital of VRFBH in lieu of BMN Shares."

[golden prospect] 14/7/2021 09:13

I note the RNS today from MUST (re BMN announcement)

Fortunately for PRIM investors, the action will be managed by BMN.
The MUST deal may not proceed, in which case PRIM will either elect for
BMN shares or VRFB Holdings (may be not!)


MUST rns 14th July 2021



PRIM rns 27th April 2021

[skyship] 13/7/2021 18:47

Certainly makes highly positive reading - encouraged by that...thanks to you both.