Primorus Investments Share Discussion Threads

[knightrider69] 10/9/2021 09:02

Where's all the cash gone???Confused on savings in operating costs?? 236k same level as previous yer. No saving??

[mallorca 9] 10/9/2021 07:47

I've said it before .... this is a fantastic opportunity before news moves this strongly up.
RL recently paid up to 4.6p for 1 million.

[value hound] 10/9/2021 07:33

Agreed. Far too cheap, with real excitement to boot, IMO, particularly via MUST

[skyship] 10/9/2021 07:32

NAV 6.55p. Discount at 4.0p = 39%. With the interesting pre-IPO portfolio these are again looking too cheap.

[cwa1] 10/9/2021 07:19

Outlook


The Board remains confident that significant opportunities exist for the Company going forward. We look forward to the remainder of 2021 being a period in which we can further demonstrate our business model which is now underpinned by the new investing policy.



The Board are currently reviewing several exciting investment opportunities that are aligned with the new investing policy. The Board has been screening several opportunities and has identified at least one that could begin to generate value for shareholders this calendar year.

[megaman2] 10/9/2021 01:44

hxxps://www.wsj.com/articles/renewable-storage-firm-energy-vault-reaches-1-6-billion-spac-deal-to-go-public-11631136600

[mallorca 9] 08/9/2021 12:06

Good news today.

Now we just need a resolution one way or the other re MUST.

[big7ime] 25/8/2021 17:59

Don’t forget to tell your brokers to send the voting form to you. Otherwise they will abstain on your behalf. PRIM needs 75% to vote yes to pass the resolutions.

[chutes01] 20/8/2021 13:25

Looks set for another assault on cracking 5p

[mallorca 9] 20/8/2021 08:50

I'm very surprised that more are not buying at this share price
RL recently added 1m shares with up to 4.6p being paid. The Directors incentive scheme allows them to buy up to 3m shares each at 4.1p ... in 3 stages when the share price hits 6p, 8p and 10p.

I have added.
I think this lull represents a good opportunity .
The current Market Cap clearly undervalues the business.

[golden prospect] 20/8/2021 08:08

News today sets the theme for rewarding shareholders.

[mallorca 9] 20/8/2021 08:05

Today's RNS makes sense and shows that they are here for the long term.

[megaman2] 19/8/2021 17:03

Small volume here but over £30 k in buys today no sells could be the start of a move back up.

[megaman2] 17/8/2021 16:32

Why promote cellcube ??? Could be a positive sign

[megaman2] 16/8/2021 17:52

Yes prim can convert into either vfrb-h or bmn I'd guess they take up the vfrb-h shares unless they want a quick exit as bmn are listed.ive watched the fortune crux interview and the litigation is as they say just a distraction and Garnett are a minority shareholder. Surely enerox will be looking for a full listing with or without must as they will likely require more cash. Invinity a similar company have burned through half their $30 million they also raised and are burning $1 million plus per month. They are also at £100 million plus market cap and I think enerox have a slightly better order book . I presume they will also keep the 1 for 2 30 p warrants whatever happens .

[mallorca 9] 13/8/2021 08:00

It's purely been down to poor sentiment re MUST.
If the MUST deal does not proceed by end Dec then Prim activates a share conversion.

This is currently way way undervalued and represents an opportunity to buy in at a level that may never be repeated.

RL himself recently added 1m shares - paying up to 4.6p , and the directors Share Option scheme allows then to buy up to 3m shares each at 4.1p ... in stages when the share price reaches 6p, 8p and 10p.

I've been adding here.

We'll see the 10p hit in 2022.

[rental] 13/8/2021 01:13

Prim now looks on the turn,

Maybe our previous director is now out

[golden prospect] 11/8/2021 10:50

If the proposed investment in MUST works out then it could be a game changer


Listen from 26 minutes for about 6 minutes, explains issue about Garnet

Bushveld Minerals (BMN) - Vanadium Platform Ready for a Re-Rate

[golden prospect] 11/8/2021 09:02

Here's a guess at PRIM trendline


free stock charts from uk.advfn.com

[golden prospect] 09/8/2021 16:12

Hindsight is a wonderful thing

PRIM selling balance 20m GGP @ 23p in 2020 compared to market 17p 9/8/21


04 NOV 2021

[johncasey] 08/8/2021 14:38

what happened to engage tech being floated...dont understand these type of companies,too wrapped up in some technocratic garbage..pointless company

[skyship] 08/8/2021 14:08

GP - thnx for that portfolio assessment. Hopefully some of those valuations will seem rather conservative in a few months time...

[golden prospect] 08/8/2021 09:40

I have various pricing models on PRIM, but using the accounts ending DEC 2020 with Net Assets £8.8m, a provisional guess in the split of assets is:

Mustang (£1.8m) + Engage (£2m) + Zuuse (£1.4m) + Fresho (£1m) = £6.2m
Net Cash £2.2m
Others £0.4m (inc. substantial write-offs in Truspine and Weshop)

Total £8.8m, NAV 6.35p based on 139,830,968 ords

At 4p the discount is 37% [calculated guess]