I would not read too much into selling Andiamo and buying Ortac. Andiamo is an unlisted company that Ortac has given quite a bit of support in recent years to now own 27%. Although small Ortac is London listed, giving PRS far more control of its investment in the future and still be connected to Andiamo. I also noted that Paternoster has also reduced its holding in Shumba ( Botswana and Mauritius listed) last year from 2.5 million shares to 500,000. Lack of a London listing would also… Read More
Well to be honest my interest here is mainly for the speculative PLMO shares I picked up so if/when it does happen if any gains are not reflected in the PRS sp I will still be able to cash in. I do hold a million of these too as a way of balancing my portfolio.
I think part of the reason for the undervaluation of PRS is the bad name AIM investing companies have generally - several de-listed and a few turned out not to have the assets they let on. I know PRS is different, the audit seems… Read More
It'll sadly not happen fast. If you look at past investments in cash shells Prs have made they tend to work out well, sadly they don't ever seem to impact on the price. Nick knows how to invest and get returns on his investments and the portfolio is both exciting and undervalued. Until such time as Nick actually implements his new PR campaign and does something to actively boost the price, we'll remain of the radar, sadly.
Interesting to note this bit from yesterday's RNS:
"This transaction also enables us to convert our unlisted Andiamo investment into a listed investment"
Interesting to read this as a driver and might also be the game plan with Polemos (PLMO) too - anyone guess what would be a good fit from existing PRS investments to RTO into Polemos and convert more unlisted investments into listed investments?
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