We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sold for cash Nov 2023. Looks like another great call by the BoD given today's performance!
https://www.sharesmagazine.co.uk/news/market/1689357247294684900/in-brief-bushveld-and-primorus-revise-terms-of-loan-note-agreement
Didn't PRIM have a holding here or has that been sold...?
As the rest of the market tanks, PRIM seems to be holding up well. A sign of long term patient investors and a trustworthy BoD who are not afraid of rewarding loyal shareholders. The 1.5p dividend, together with clear and timely communication has cemented this stock, especially with future good news (potential) imminent.
Funnily enough, I'm on both PRIM and 88E. Don't hold your breath on 88e. It'll take a decade before they see a return. By that time we'll be diluted to dust. My holding is so small it's not worth selling but if it was bigger I'd be looking to offload and top up on PRIM (even if that does mean significant patience).
Today's news.
Primorus announces "significant dilution" of stake in investee company
Mon, 15th Apr 2024
(Alliance News) - Primorus Investments PLC on Monday said its stake in Engage Technology Partners Ltd has fallen to 2.0% from 4.5%.
The London-based investor in small and mid-cap companies said Engage, a supply chain management software company, recently embarked on a restructuring programme.
To retain and incentivise the management team, the restructure included the allotment of shares and options which have subsequently diluted Primorus' holdings.
With 92,374 shares, its stake is currently valued at GBP158,000, representing an 89% reduction in its current carrying value.
"As and when the company receives further information about the restructuring and on-going plans of Engage, the management of the company may make further assessments of the value of Engage," said Primorus.
Primorus shares were down 2.5% to 4.05 pence each in London on Monday afternoon.
Closed today up 2.41% with 12.5% spread.
Order to buy with ISA funds maybe correct idea today.
Failed to execute, no live deal available .
Bought 88e instead .
RNS 7am One investment marked well down.
10% down but spread over 14%.
Wi informed the consolation was 1-20 the buy there 3/4/18 at 0.14p . ( 100 % tranche size )
If there's a severe reaction now might be an ideal moment to start utilising the buyback option
That's a bad one, 89% reduction. In my valuation calculations last week I had Engage around £1.8mil, what we paid for it, now worth £158k. Ouch. Prim team (and other investors in Engage) can't be pleased with that dilution. Unless the restructuring results in significant growth this should now be considered a non-core investment
🤔
More likely I sold on 22/5/17 as had bought cheaper a month before on 7/4/17 a much large number buy with SVS in the ISA and again on 17/5/17 with X a lessor number then the ISA buy , but more in number then the sale at that loss with main broker .
These shares much to time consuming.
Digi record below must of been adjusted to take acc of consolidation.
Just seen I sold all the main broker holding on 22/5/2017 for a big loss 1,000,000 for 0.13p
They have the two buys as PRIM | GB0002673332
01/07/2016 Buy 500000 GBX 0.15
03/06/2016 Buy 50,0000 GBX 0.19
50,0000 shares becoming 25,000 on digi record below.
22/5/2017 also recorded below with a sale with SVS 50,000 at 2.6p
Wonder if the D sale was a dealing mistake by me at the time , selling when intent was to buy .
Both the buy and sell below seems to mach price on goggle chart info.
1/4/16 Buy for 4p with SVS might be highest buy price .
20/7/2017 Sold some for 7p with SVS .
Must check main broker as could not see on digi any sales record of the two recorded buys .
From digi ( A ) Further multi deals.
Date Transaction Type No. of Shares Execution price Options
02-Feb-2020 Sell 754397 2.20p No indication these last three.
29-Oct-2019 Buy 37878 2.64p
29-Oct-2019 Sell 35714 2.80p
03-Apr-2018 Buy 35714 2.80p WI.........9
20-Jul-2017 Sell 3250 7.00p SVS.......8
04-Jul-2017 Sell 25023 4.02p X.........7
22-May-2017 Sell 50000 2.60p SVS.....6
17-May-2017 Buy 57129 1.74p X.........5
07-Apr-2017 Buy 662663 2.14p SVS.....4
01-Jul-2016 Buy 25000 3.00p D.........3
03-Jun-2016 Buy 25000 3.80p D.........2
01-Apr-2016 Buy 25000 4.00p SVS... .1
Hello Testing321
Good to hear from you.
No, I am not back in. No funds at present as ironically, I have been moving away from AIM back to “dividend payers.”
I do like Rupert, one of the best Directors on AIM in my opinion.
I hope to be fully out of AIM later this year, too many nutters Posting on shares that they say they do not own but you don’t see the same idiots Posting on the likes of LLOY or LGEN.
LSE South East have messed-up the Bulletin Boards with multiple adverts and permitting the Trolls to spam constantly.
I wish you well and all LTH of Primorus well.
RKB
May 2017 share price around 3p says the chart in the August 2017 above 5p .
Hence the sale maybe in the early July.
Back down to 2p by year end 2018.
2.5p around Stock consolidation.
Just found more on ( X ) with large cash on acc from the special div.
Looks like I sold first buy back there returning that whole cost in cash to account , holding top up .
It shows 140% up.
There has been a consolidation
22/10/2019 PRIMORUS INVESTMENTS PLC ORD Stock consolidation
04/07/2017 PRIMORUS INVESTMENTS PLC ORD Sold
19/05/2017 PRIMORUS INVESTMENTS PLC ORD Bought
17/05/2017 PRIMORUS INVESTMENTS PLC ORD Bought
7 years ago maybe just as well I was to busy to look and just left it alone .
ISA Shares might of been brought around same time.
They appeared to have an investment in BMN one of my big losers.
This news 22nd February might be the reason for share price gain and special dividend .
Shares in Primorus Investments gained 28% on Thursday morning as the firm announced the US$6.1 million (£4.8 million) sale of its payment management business.
Shares climbed 28% to 5.30p
Payapps, the construction payment management firm, has now been sold to Autodesk Inc (NASDAQ:ADSK), Primorus said on Thursday, with the board considering ways to return proceeds to shareholders after a “substantial increase” in the company’s cash position.
The deal did not include Payapps former facilities management business meanwhile, which was spun out and is to be sold separately.
“I am delighted that one of our core investments has matured providing the company with significant cash proceeds,” chairman Rupert Labrum commented.
5 year high showing on chart .
Have large holding in ISA one of the transfer ins , so can not see my history at present .
Chart shows 19 January 2024 (this year ) share 1.78p now 4.25p down from 4.5p before this special div.
If the transfer in was from SVS must of purchased between May 2013 to there close down 2021 ?
which means might of paid between 20p May2013 and 2p around December 2018.
Hi rkb good to hear from you, have you bought back into prim?
Engage Technology Partners
On Companies House there are two important documents that you may want to peruse.
7th Feb 2024 Resolution of Allotment of Securities
11th Apr 2024 Statement of Capital
On 12th March there were three batches of Shares Allocated
855,647
837,423
937,369
Total: 2,630,439
You may want to investigate why these shares were issued at the price they were issued at.
RKB
Has anyone used the We Shop app? I've just used it for the first time. It looks good. I wonder if Joe Public will be patient enough to wait 12 months for a payout or understand share ownership but for those who do, this looks a good thing. The main drawback at the moment is that it's not well marketed - I wouldn't have known about it unless I was invested in Prim. I know that this isn't a core investment but maybe some potential still exists. Payouts have been between £250 and £9000 in year 1.
Testing123,
Thanks for this. Looks a very balanced set of calculations. Fresho is the exciting bit. Would be good to hear an update on ALTE but I have every confidence that the board will update us when the time is right.
Just seen they bought at 5.25. Seems very high to me but there's nothing I can do about it.
So any significant value increasing event in say Fresho, WeShop, Engage, Alte will put our NAV above our MCAP