Primorus Inv. Share Price (PRIM)

the buyer seems to be very tactical too. i wouldn't be surprised if the share price drops slightly and they hoover up lots of shares

Volume has dried up last two days, now that the big trades seem to be done. Guess current shareholders are holding on and there are few new prospective shareholders because PRIM is tiny and way under the radar with limited news flow (so far). Guess if positive news lands and the new demand flows in it can lead to quick and large jump in sp, not many shares to go around

You would think so and it looks like we may have now had the missing 2x500K of the last 1.5M due -

500K on 12-4-21 16.40 @ 4.9p (reported 13-4-21) and

500K on 15-4-21 11.02 @ 4.85p - why the slight price difference- I don't know.

Big trades - but the price stays flat.

It is always difficult to be sure but over the last fortnight it looks like there were 4.5M sells and 4.5M buys all at 4.9p (with the exception of the last 500K). During this period here was also a 400K @5.15p and a 600K @ 4.9p, together with the 5x200K last week, but I'm not quite sure where they fit in to all this. Huge trades totalling circa 8% of the company and the price barely shifts.

Taking a stab they could be apportioned 5.5M vs 5.5M.

You would think an RNS would be due as 4.5M is 3.2% of the company, but there is another possibility.

It could be a bed and ISA, so the name of the holder would remain the same although their shareholding might reduce slightly, depending on how matters were arranged.

Only two holders that we know own more than 4M shares in the company, Mr J A M Hemming 4% 5,592,809 shares, and Mr Labrum with his 21.1% 29.5M holding.

So I had though an RNS was coming, but we're still waiting.

If one or the other had transferred into an ISA then it is likely a tax charge would be due. Obviously we don't know their personal circumstances but Mr Hemming was buying somewhere around 4p, and Mr Labrum mainly between 2p and 3p. Mr Hemming's holding does refer to "and family" so I suppose things could be arranged to use up several personal annual allowances, but if someone (let's call him Mr "X") did buy around 4p, and sold into an ISA around 4.9p then the gain would be 4,5000,000 x £0.009, or on the face of it £40,500.

Of course there is another possibility that 3 individuals bed and ISA'd 1.5m each, so quite possibly no tax payable on those transactions (depends on personal circumstance) - but would they all do it at the same time?

And why now at the start of the tax year - using up all (and more) of your tax exempt amount almost before the year has even started. If this is the case whoever it is must be confident that there will be the potential for stellar gains here later in the year, sufficient to take the risk that THIS will be their share of the 2021/2 tax year and no other.

Mmmm...intriguing.

Back to watching and waiting.

Surely we're due a holdings RNS after the recent trades?

At first glance it looks like we have got at least part of the outstanding 1.5M trade - 500K @ 4.9p @ 17.28 which is listed as a buy, following the share price "fall".

None of Thursdays 5 x 1.5M have been deleted as yet, so it appears that they all stand.

Presumably the transfer of shares is only part way through, hence no RNS as yet, although I think parties are in any event allowed 4 days to file with the company.

Back to watching and waiting.