Primorus Inv. Share Price (PRIM)

From our last 6 monthly update. Still waiting...

'Primorus is positioned to deliver long-term shareholder value through disciplined deployment and active portfolio management. We will seek to return capital to shareholders when the opportunities arise'.

Keep hearing about Fresho doing well. Yes it may be opening new operations for example the recent expansion in the US but the sales figures are abysmal. Now you have a strong chance of a recession coming.

Prim has gone nowhere for many years while we have experienced a raging bull market in stocks.

Take out Fresho and there is nothing else that is worthy of note.

Another strong purchase of Fresho shares. Fresho looks to be on a good trajectory. Just hoping that we see some more consistent reward as investors. A dividend every 10 years and a stagnent share price isn't cutting it.

OH DEAR PERHAPS PR1 WILL START TO GET THE ANSWERS IT DESERVES ?

Matthew Beardmore isn’t just changing titles he is effectively demoting himself. Moving from CEO to Non-executive Director (NED) is often the first step toward the exit. In the corporate world, when a CEO suddenly loses interest in the day-to-day operations and retreats to a part-time oversight role "with immediate effect," it usually signals a lack of confidence in the company’s current trajectory or a desire to distance himself from upcoming PR1 news.

The fact that this swap is happening "with immediate effect" screams panic and a bad result imminent rather than a calculated strategy. Usually, a healthy company announces a transition months in advance. Doing it overnight suggests an internal rift, a sudden realisation that the current leadership isn’t working, or a desperate need to plug a hole.

By swapping a Non-exec (Hedley Clark) into an Executive role, the company is signaling that they couldn't find (or couldn't afford) outside talent. They are recycling existing board members to fill vital roles. No fresh blood or new ideas coming into the leadership team to deal with the PR1 fiasco.

For an AIM-listed company, "immediate" board reshuffles are a universal signal for instability. Investors hate uncertainty, and this move suggests the board is reactive rather than proactive. If the CEO doesn't want to lead anymore, why should shareholders want to follow? 📈