Share Name Share Symbol Market Type Share ISIN Share Description
Primorus Investments Plc LSE:PRIM London Ordinary Share GB00BKTCLJ25 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.15 4.29% 3.65 594,400 15:42:23
Bid Price Offer Price High Price Low Price Open Price
3.50 3.80 3.69 3.50 3.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 0.02 -0.40 -0.29 5
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:05 O 30,000 3.794 GBX

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Primorus Investments Daily Update: Primorus Investments Plc is listed in the Media sector of the London Stock Exchange with ticker PRIM. The last closing price for Primorus Investments was 3.50p.
Primorus Investments Plc has a 4 week average price of 3.19p and a 12 week average price of 3.10p.
The 1 year high share price is 4.80p while the 1 year low share price is currently 1.63p.
There are currently 139,830,968 shares in issue and the average daily traded volume is 225,267 shares. The market capitalisation of Primorus Investments Plc is £5,103,830.33.
skyship: Jeez JC - you would seem to be a hard taskmaster. Clayton sold HorseHill/UKOG for a £1.1m profit in 2018/19; then GGP for a £5.2m profit in 2020. PRIM now has £4.8m CASH + an investment portfolio of £4.25m at cost (thnx for those above numbers GP). A pretty impressive record; so doubly bizarre that Clayton has now gone. As for the share price - I have a target of 6p for next year as the BOWL chart formation plays out: free stock charts from
golden prospect: 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: Would be nice but they are carrying a lot of brought forward losses (dividends are paid out of profits) so they would probably need some rejigging in the capital to do that.I would like them to have the power to buy back the shares even if not used. It might act as a floor to the share price and, when all director remuneration is linked to performance, directors would benefit along with shareholders.
cwa1: Well, out of GGP, cash above market value now:- Greatland Gold Investment Update Primorus Investments plc (AIM: PRIM, AQSE: PRIM) is pleased announce that it has completed the sales of its remaining shareholding in Greatland Gold plc ("Greatland") (AIM: GGP). The Company sold 20,000,000 shares at an average price of 23.09 pence per share, for gross proceeds of approximately GBP4,600,000 through a structured series of sales. As a result, the Company no longer has an interest in the shares of Greatland. The Board of Primorus is pleased to have realised in excess of GBP6,500,000 over the life of its investment in Greatland having made the investment of approximately GBP630,000 in the company in late 2018 and early 2019. The Directors intend to reinvest the proceeds of the share sales in accordance with the Company's stated investing policy. Alastair Clayton, Executive Director of the Company, commented: "The Greatland Gold investment has, by any measure, been extremely successful. Having made a high-conviction investment call in late 2018, it has been hugely satisfying to watch Greatland grow to a market cap in excess of GBP800 million. Whilst the outlook for Greatland is extremely positive, after nearly 2 years, it is time for Primorus to realise its remaining gains and look to re-invest elsewhere in accordance with its investment mandate. Current cash reserves of Primorus now exceed the market capitalisation of the Company."
johncasey: so according to this primorus have a significant stake in Alba..whoppee! happy days! Primorus Sells 49% Stake In Welsh Gold Project To Alba Resources (ALLISS)LONDON (Alliance News) - Primorus Investments PLC said Monday that it has sold its entire 49% ... Alliance News4 December, 2017 | 10:59AMEmail Form LONDON (Alliance News) - Primorus Investments PLC said Monday that it has sold its entire 49% stake in a Welsh gold project to Alba Mineral Resources PLC in an all-share deal worth around GBP317,000. Alba bought Primorus' 49% stake in Gold Mines of Wales Ltd , which own the Clogau gold project in Wales, for 83.3 million shares valued at a total of GBP316,667 based on Alba's closing share price of 0.38 pence per share on Friday. Shares in Alba were up 0.5% Monday at 0.382 pence per share. Alba said a review of the project, located in the Dolgellau gold belt, concluded there is high potential to find un-worked veins containing gold mineralisation of similar grade to known historic mines in the area. Alba said the Dolgellau belt has produced by far the most of any region in the UK historically. The company said the aim is to bring Clogau back into production and make a push into exploring the wider project area. Alba's Executive Chairman George Frangeskides said: "We are delighted to announce that we have secured a significant stake in the Clogau gold project. The project fits squarely within Alba's strategy to identify projects which include former working mines which have both near-mine expansion potential but also have significant exploration upside in the wider project area." Executive Director of Primorus Alastair Clayton commented: "We are pleased to have found a natural home for our minority stake in GMOW and in doing so gained a significant stake in Alba. We believe the project fits well with Alba's portfolio and expertise in directly managing natural resources projects and represents the best execution of our investment mandate for shareholders. "Pleasingly we now have a more readily valued investment in Alba and through this retain some exposure to GMOW over time as well as a portfolio of oil & gas and mining projects." Primorus shares were up 2.9% Monday at 0.180p each. By George Collard;
appolo1: Didn’t Truspine not long ago IPO and was going to transform prim share price ...
big7ime: Sve has performed so much better than PRIM with their ggp holding turning their 2p share price this yr into 15p PRIM have some catching up to do. Huge discount to NAV. The requisition of a gen meeting I should think is to wind up and return all proceeds to shareholders for an immediate doubling of investment, what are others’ thoughts here?
big7ime: Their GGP holding soars, worth now more than £5m nearly the market cap of the co. The share price lags but catches up so buying prim now appears to be a no brainer Even if Ggp settles back to say 17, PRIM hold 26m GGP which at £0.17 = £4.42m They sold 10m GGP for £1m few mths back, that cash they hold ready for new opportunity . Plus the other investments, some look exciting in their own right add up to about £3.5 to 4m book cost The only negative is Director remuneration which looks like it will be sorted out, or the investments sold and the co wound up and returned to shareholders. Possible 100% return here if the latter occurs
timbo: Hi Bscuit - I was going by the guidance at: hxxps:// It mentions among the things that could compromomise a NED is having share options or representing a significant shareholder but doesn't seem to mention that they shouldn't have shares. I understand the options part as that doesn't involve the NED staking their own money until they exercise them and then it's a slam dunk winner that they are getting more back than they paid - so it could almost be a bribe (turn a blind eye and there's a million options for you...). It also makes sense that if you represented a significant shareholder they might expect you to act in any way that keeps the share price buoyant! Our NEDs have loads of options! For the record I am also minded the same way about our current BoD. I didn't start out that way yesterday - I initially felt that the nuclear option was a step too far - but during the course of the day I've come to the conclusion that I could be in the same position in 3 years time wondering why we are still a £4M company and paying high salaries so I think change is needed and at least the awkward squad have put their hand in their pockets and bought loads of PRIM shares...many more than the BoD... All the best folks!
timbo: Tyranosaurus, most posters on here will know what it's like to sit on paper profits for a share only to see them disappear when the price corrects. You ONLY realise profits when you sell - you can't spend paper profits. Yes, you should ride your winners and cut losers early but the good timing of a sale is a hard art to master and even seasoned professionals often get it wrong! Just look at the widely varying target prices from brokers' notes on more mature and "boring" businesses... PRIM bought their GGP stake at an average of 1.7p per share if I recall correctly so to let just over a third go at almost 6x the original purchase price was a good example of responsible investing in my opinion. The directors, unlike traders here, are responsible to shareholders so they have to demonstrate more caution. Perhaps the thinking was that the GGP price had temporarily overreached itself and could even correct. It had more than halved in a month from its February 2020 highs and you don't want to sell any kind of quantity when everyone else is selling so I think it made perfect sense to crystallise some profit as it move strongly upwards. If we all had more self discipline like that there would be less moaning on BB threads! Also to bear in mind is opportunity cost - there might have been the possibility of a deal like the Zuuse deal last year. That could have been even more lucrative if more cash had been available. From the 25/09/2019 update: "Effectively in the space of 10 months Primorus has generated A$557,000 in share and option value for a capital deployment of only A$500,000, this represents an annualised return on investment approaching 135%. We hope the value of these shares and options will appreciate considerably over the next 12 months, thereby generating further potential gains with a carrying cost of investment of zero, an enviable position for our shareholders. Our only regret is that we didn't have more investable cash to deploy in this opportunity."
Primorus Investments share price data is direct from the London Stock Exchange
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