Primorus Investments Share Discussion Threads

[skyship] 29/11/2021 09:36

Good to see a little interest this morning - 6 buys totalling 564k so far.

Perhaps megaman buying in! :)

[megaman2] 25/11/2021 15:39

How low does this go??? 2 p coming as there is no interest in buying this stock at this price and no good news for months just illiquid investments and listing fees it's not looking good.....

[chutes01] 23/11/2021 15:14

mm's refusing at 3.5p now, distressed after MUST losses followed now be WeShop

[cheshire man] 22/11/2021 11:26

Primorus Investments PLC
@priminvestments

#PRIM Nice to see Primorus get a mention (page 31) of the Hybridan report. The Hydrogen market certainly appears to be very active, with companies seeking investment for a range of ideas and projects.


11:14 AM · Nov 22, 2021·Twitter Web App

[skyship] 15/11/2021 07:13

Complicated - but interesting for sure.

[golden prospect] 14/11/2021 18:57

Thanks to skittish on LSE PRIM thread.
Perhaps there will be a linkup between NZI and PRIM activities.




RE: Special Purpose Acquisition Company SPACSat 10:52
Posted originally on the NZI thread relating to their new 5% shareholder Richard Thomas, where RL already holds 29%+.

"T321 - possibly , but having looked briefly at Palatine I'd say this was a private holding rather than anything to do with Palatine, as it doesn't immediately appear to fit with the areas in which they operate - but then what do I know?

As for links with Primorus, a brief search reveals that there could be a link through Christmas golfing!!!



Rupert Labrum is there at No3 (clearly he is a keen golfer) and open sources reveal he is married to Sue.

Hedley Clark of Primorus is there at No18 (obviously he spends far too much time in the office).

And at No22 is a Richard Thomas (but is it this Richard Thomas?), maybe the same, maybe not.

They cannot be acting in concert, but if it is the same Richard Thomas maybe he and RL see value in the same opportunity.

No doubt time will tell if there is any link between the two, but that another shareholder has acquired a largish stake is interesting in itself.

One would think that there is a plan involving Primorus and one of its SPAC's (but then NZI is a SPAC in itself), so we will see how all this plays out.

One interesting point is that resolutions passed by NZI at the last GM allows the directors authority for 5 years to issue shares up to a nominal amount of £50M, bearing mind the nominal amount of the shares is 1p that allows for an awful lot of funding to take place, given the right opportunity.

Also of interest here is that Alejandro Ciruelos, a director at NZI from 4-8-2021 was also appointed a member of SDCL Edge Sponsorship Participation LLP on 9-4-2021,



which appears to be a subsidiary of US SDCL which IPO'd on the NYSE on 1-11-2021, and presently has in excess of $2Bn in renewable assets under administration.

He is listed on the main SDCL website as MD Renewable Energy.





Similar in someway to Primorus' new friends at Alteration Earth plc, Andrew Coull and his links with Gneiss Energy





Companies with which Rupert Labrum is connected do appear to have some well financed eco friendly friends - I'm sure that there is a plan here somewhere, but I'm not sure what it is.

But raising finance doesn't look like it will be a problem for them."

[skyship] 08/11/2021 16:05

Ah - read the link - so, shares in the new venture - seems to be a Richard Griffiths play, so some pedigree at least!

[skyship] 08/11/2021 16:00

The upside here is from Engage, Fresho & Zuuse - so nearly getting our cash back for WeShop (0.55p/share) is an unexpected bonus IMO.

Just hope it is in cash rather than some dubious paper!

[megaman2] 08/11/2021 15:38

It seems a lot of Prims investments are just going to break even...smoke and mirrors...

[golden prospect] 08/11/2021 14:09

Most will be happy to get this realised as it looked a lost hope, so near on a million would be great.

[chutes01] 08/11/2021 14:08

what is rupert doing

[boystown] 08/11/2021 13:49

Didn't they pay £861.5k though?

[golden prospect] 08/11/2021 13:29

Looks like PRIM value in WeShop to be unlocked

(thanks to beekeeper on LSE thread FRI 05NOV2021, he calculates the offer for We Shop is worth £5.15 a share and this would mean Primorus Investments would receive £774,187.)

[boystown] 05/11/2021 18:48

Crazy bargain, or am I missing something?

[chutes01] 02/11/2021 13:07

chart broken down now, 3p
investments are illiquid so unlikely, but this isn't working out for them after ousting the last board who appear astute in comparison
They may be able to salvage 3p from a fire sale of assets

[megaman2] 02/11/2021 10:53

Not suggesting this but at what level does the share price to nav become that low that action is taken to wind this up and stop bleeding costs and realise the value of the assets?

[mallorca 9] 01/11/2021 08:26

I just cannot understand all the negativity.
I see today's share price as a great opportunity .

2022 could be an exciting year here and that is not far away.

RL bought 1m prim shares here this year paying up to 4.6p.

The Directors incentive scheme allows conversion of warrants at 6p , 8p, and 10p.

This will fly once things are clearer in December.

[hj996] 29/10/2021 09:30

There was a similar poster on the LSE board making scandalous and false/defamatory comments about the management and the "loss" of the investment until he was threatened with appropriate action by the company management if he persisted.

Seems like the same poster may have moved here under a different user name and making the same type of unsubstantiated and false comments.

[daicaprice] 29/10/2021 09:05

Rupert Lubrum Executive Chairman in Prim bought 16.47% of Net Zero Infrastructure #NZI yesterday, a sizeable holding and worth keeping an eye on.

DC

[big7ime] 29/10/2021 08:53

Ignore someone who changes mind every few days, clearly trying to trade this.either that or he has Dissociative Identity Disorder (Jekyll & Hyde character)

chutes0120 Oct '21 - 13:11 - 2162 of 2179
0 0 0
Look to buy under 4pence is very good I’m believing here

[megaman2] 29/10/2021 05:19

What I don't understand here is prim hold all sorts of extremely illiquid investments some at notional values which can't actually be sold and the real value may be a lot less but suddenly the threat of getting bmn shares is such a bad thing. Bmn is reasonably liquid with 3-4 million shares traded daily. Yes it's a deal that's not gone to plan but prim have had 10% annual interest and will effectively buy bmn shares at the end of December. To start saying they have $1 million loss is whilst not impossible if bmn shares drop 40% after they are bought but equally they could make $1 million if bmn go up 40 % . Seems to me it's scaremongering when the future price of bmn next year is clearly an unknown.Like it would be if they bought any other shares. For example if they bought $2.5 million shares in eua tommorrow have they lost $1 million pound - no they have not. The comments above from chutes is for me from someone who doesn't understand the deal or is trying to create the perception of a loss which does not currently exist. Which is it?

[chutes01] 28/10/2021 16:10

Indeed
As you say, let’s hope the 2.5 Mio hasn’t been blown by Labrum

[skyship] 28/10/2021 16:03

chutes a bit OTT surely. Hardly a disaster as even if the whole $2.5m IS blown, then the NAV reduces from 6.55p to 5.27p - see my earlier P. No. 2124.

In any event, the deal was structured in an extremely complex way so as to underwrite much of the cost. We'll see what we will see...

[megaman2] 28/10/2021 15:45

Do you understand the back stop?