Primorus Investments Share Discussion Threads

[twixy] 22/12/2021 22:38

Cheers Rupert - have a good one too.

[betterupthandown1] 22/12/2021 12:08

And a Merry Xmas to all. Last year the Board spent a great deal of time cleaning up the Company and putting it on a great footing - one of the few investment companies which is trading at a significant discount to NAV. I have great hopes for 2022( as always DYOR).As a significant shareholder myself I will be pushing( along with the other board members) to close that NAV gap and hopefully increase the overall valuation. Remember nothing trades in a straight line, there are detractors who as they sell out become less significant every day - but that's all part of the Aim way it would appear!!!

All the best and hopefully a profitable and safe New Year.

Best
Rupert

[golden prospect] 22/12/2021 09:37

Here's wishing Rupert a Merry Christmas and a Happy New Year

May he bring some good cheer in 2022 with Primorus dividend rewards!

[megaman2] 21/12/2021 07:20

The clarity will help and drown out the chutes claims that they lost the money when in fact they have gained interest and currency gain and will have a liquid investment in bmn shares.there js a bull and bear case for bmn and plenty wriitten on LSE and advfn on the bmn thread.

[chutes01] 20/12/2021 16:04

there requires to be a catalyst to move the shares over, i believe 3.8 is acceptable

[timbo] 20/12/2021 08:12

"All the GGP gains gone"So you would have still been holding GGP at 40% below where PRIM disposed of them. The proceeds are not gone as you put it; they've been invested elsewhere - you may not like or agree with the investments but why not see how they pan out. There were plenty who didn't agree with PRIM selling GGP at the levels they did, especially when GGP almost doubled from there but it is telling that most of these armchair investors don't state their exit price and would probably still be holding now when GGP is about 65% off the highs..

[megaman2] 19/12/2021 18:55

The only ludicrous thing here is you saying bmn shares are worthless that's just incomprehensible . Prim will have made 10% p.a. interest added to their investment and also sterling has depreciated c 5% . It's an unknown the actual exact terms of the back stop but I think we can assume they will get market price for bmn shares currently c 8.8p. quite how you can say an investment into a UK aim company with a market cap of £111 market cap is worthless especially compared to prims other illiquid investments and act like your some sort of guru is flawed. Your very likely going to end up with egg on your face in the very near future as the chance of bmn shares being worth zero in the near future is very very low. I know a lot about bmn shares and even the worst derampers are not saying they are worthless . Except that is for you it's ludicrous....

[chutes01] 19/12/2021 15:46

why the need to be rude son ?
the investment turned sour very quickly, it was a huge proportion of the market cap of Prim, it went wrong, the back drop was bmn and it we believe it looks to be in trouble
all the ggp gains gone, back to 0.1p in old money.
shareholders have been tied up for months by a ludicrous offering.

[chutes01] 19/12/2021 15:18

the selling on friday shows what will happen, around 8 mio shares waiting to be rinsed i hear
should get the update this week.

[chutes01] 19/12/2021 14:07

soon to find out how many practically worthless shares in BMN the doomed Must deal has manifested here, all the GGP gains wiped out in 1 seedy deal
Several shareholders are looking for assets to be wound up and return anything back as cash divi. 2p ?

[chutes01] 17/12/2021 19:04

Prior to the doomed Must deal, there were several large holders here, some close to 3% holding.
They have effectively been locked in due to loss of liquidity over the last 6 months.
Distressed sells were always going to appear, and if this recovers at some point any rises will be jumped on over the coming trading sessions.
Let's see what he says next week and if any apology is forthcoming to shareholders for destroying investor wealth.

[skyship] 17/12/2021 18:23

Strewth - 410k @ 3.15p!

Looks like the end of the tap; question is - can one get some cheap stock @ 3.25p on Monday...

[mallorca 9] 11/12/2021 10:14

Things are about to get very interesting here.
I think we will have a very interesting 2022.
Great buy's for those brave enough to buy at under 4p.
My average is 4.6p.
This is my top tip for big gains in 2022.

[imjustdandy] 10/12/2021 15:23

Can only assume ALTE is listing next week

Investment in Alteration Earth PLC

Primorus Investments plc (AIM: PRIM) is pleased to announce it has agreed to invest up to GBP350,000 in Alteration Earth PLC ("ALTE"), a recently established special purpose acquisition company ("SPAC") (the "Investment").

The Investment is being made in two parts, a seed round (the "Seed Round") and a subscription round (the "Subscription Round"). The Seed Round will be funded at 4p per ordinary share and the Subscription Round will be funded at 10p per ordinary share. Assuming both rounds are fully subscribed, Primorus will hold 5,000,000 ordinary shares as follows:

-- 2,500,000 shares at 4p per share in the seed round (for a total of GBP100,000); and
-- 2,500,000 shares at 10p per share in the subscription round (for a total of GBP250,000).
The Investment will represent an approximate ownership of 28% of the issued share capital of ALTE assuming both the Seed Round and Subscription Round are fully subscribed.

The Subscription Round is conditional on the admission of ALTE's share capital to the Standard Segment of the Main Market of the London Stock Exchange on or before 31 December 2021 ("Admission"). The subscription monies will be held in escrow on behalf of the investors until such time as Admission takes place, or will be returned to the investors if Admission does not take place before 31 December 2021.

In addition to the above, Primorus has been granted 1,800,000 warrants to subscribe for new ordinary shares in ALTE, with a strike price at par value (0.1p), at any time up to the fifth anniversary of the date of grant. The warrants have been awarded to Primorus because it has agreed to underwrite the cost, up to a maximum of GBP150,000, of ALTE obtaining Admission as described above.

If Admission does not occur by 31 December 2021, the Subscription Round will not proceed, and all Subscription Round funds delivered by Primorus pursuant to this agreement will be returned to it, without interest, less the costs incurred by ALTE pursuant to the listing up to a maximum of GBP150,000.