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Agreed. I suspect we'll have to be patient to see a return on investment but medium to long term looks good.
Excellent to see the bod investing more in Fresho, our most promising and exciting investment
2023 has gone, not been a great year for Prim, thanks to Payapps 2024 is already considerably better, the company is moving in the right direction thanks to Rupert & the team. Costs are under control. Cash in bank earning interest awaiting the next investment. A Fresho liquidity event will propel the SP to a much higher level and hopefully a dividend. Good luck all.
Great reply Prim for All.
It's so easy to become impatient when silence hits but you have certainly shown your intent this year and I'll definitely be sticking around for the long haul.
I don't tend to trust AIM stocks but PRIM is definitely the exception to that ruke. Being patient is not a strong point of mine but I'm going to sit on my hands and wait. I'd be topping up but the spread really is hard to stummoch right now. Nothing anyone can do about that I guess.
Well there lies the conundrum of investing. You may well make money else where investing or lose money but that is the opportunity cost and up to each individual.
Monthly updates is just not viable as private companies sometimes only update once/twice a year depending on the news and sometimes out of the blue. We are obliged to report any market moving news through an RNS. We are not the sort of company who releasesRNS for the sake of it like many other AIM companies who just pump a load of nonsense. We aim to reward long term holders as proved.
As ever if you have specific questions I am happy to answer via our company email if I can.
It's so hard to be patient on this one when the price slides like it is doing and there's no news. I reckon this will reward us again eventually but in the meantime, how much could be made on stocks like Zeta Global? Prim could do with issuing monthly updates. I do trust this board (not often I say that on AIM) but it's hard to know whether the next big news and potential dividend will come in the next week or the next 5 years. Patience needed.
Note also on 0JPN
Half-year report is out, no real progress: https://www.lse.co.uk/rns/ALTE/half-year-report-uyk7uaeydkdfh60.html
With microcaps on customary enormous spreads the pricing becomes arbitary. Someone might buy £2k of shares and it could move the same amount in the other direction. Just balancing the books.
Just wondering if someone with more experience can help me with this question.
If I read it right, there has been 1 trade today, a sale worth £2000. The price is down 2.35%. That's reduced the Market Cap by about £140,000.
I'm sure it isn't the case that a £2000 sale has wiped £140k off the company value but can anyone explain what I'm missing.
Many thanks in advance.
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