Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
.... Market cap has fallen from 31.5 million to under 19 million on net sells of around 10k per previous post. Absolutely incredible.
Share price has fallen from an opening price of 35p to a mid price of 21.5p . This is a result of 59, 141 shares being sold and 24, 424 shares been bought on the Aquis Stock exchange since Truspine listed a few weeks ago. In other words, a net sell of 34717 ordinary shares . If we take these 34717 shares at average price of around 28p this works out at £9720. So for net selling of under 10k the share price has fallen nearly 40%. This share is clealry being manipulated by MM's . The good news in theory is it should not take a lot of buys to move the share price in an upward direction. Yet, again given what has happened here I am not so sure. Maybe an opportunity for our existing and new board members to invest more into Truspine at a very cheap price if they think the company has future growth potential. Any other thoughts?
Are we still looking to reduce the overall remunaration costs at PRIM by at least 50 % given the change to the number of board members? I am sure fellow shareholders will agree that the current levels of salary, etc are one of the main reasons that the share price continues to remain very much undervalued. Therefore, addressing this situation should be our number one priority for both existing and new board members. Any further thoughts here?
Released at 4pm . Not showing yet on LSE .
An RNS update would be good to steady the share price.
As far as I can see we hold 0.63% of Juvenescence with company currently valued at $330 million ?
Prim current market cap at £6.16 million. 26 million GGP shares @ 24p now worth £6.24 million?
Amended post.There is is a post on10/9/2020 at 17.46 on the ADVN board that gives a breakdown of Starvest major holdings. The post is from Zedder who seems very knowledgable in regards to Starvest's holdings. I tried to copy and paste but not allowing me to do this. Apologies for the typo errors.
There is is a post on10/9/2020 at 17.46 on the ADVN board that gives a breakdown of Starvest major holdings. The post is from Zedder who seems very knowledgable in regards to Starvest's holdings. I tried to copy and paste but do not alolwing me to do this.
Thanks RKB for your comments, they have been very helpful. I have emailed Prosperousprimforall with some questions about their future plans for PRIM. All the best.
Amended post.
Here are two possible suggestions that would reward all PRIM shareholders and at the same time help the company move forward.
Option 1. Sell £3million of GGP shares currently worth £ 5 million. This would leave £2million in GGP shares plus our other assets of approx. £5 million. NAV would then be approx £ 7 million which would still be a discount on current market cap at 6.2 million. The £3 million of the sold GGP shares could simply be paid as a 50% dividend to all shareholders leaving Prim still worth around £7 million.
Option 2 . Sell all GGP shares at around £ 5million and again pay £ 3 million dividend at around 50% to all PRIM sharholders. The remaining £ 2 million would then be available for re-investment or even share buy backs or both which almost certainly would positively impact the share price.
However, for any of these options to be viable the current salary payments etc would have to be significantly reduced . I will be emailing propserousprimforall with my own questions. In the meantime, I thought it wise to put these other possiblities amongst all other possiblities on the LSE board. Apologies for typo errors in original post.
Here two possible suggestions that would reward all PRIM shareholders and at the same time help the compnay move forward.
Option 1. Sell £3million of GGP shares cuuently worth £ 5 million. This would leave £2million in GGP shares plus our other assets of approx. £5 million. NAV would then be approx £ 7 million which would still be a discout on current market cap at 6.2 million. The £3 million of the sold GGP shares could simply be paid as a 50% dividend to all shareholders leaving Prim still worth around £7 million.
Option 2 . Sell all GGP shares at around £ 5million and again pay £ 3 million dividend at around 50% to all PRIM sharholders. The remaining £ 2 million would then be available for re-investment or even share buy backs or both which almost certainly would positively impact he share price.
However, for any of these options to be viable the current salary payments etc would have to be significantly reduced . I will be emailing propserousprimforall with my own questions. In the meantime I thought it wise to put these other possiblities amongst all other possiblities on the LSE board.
Any thoughts on a near future flotation for Leap Gaming given its ongoing rapid growth and the current circumstances in our world?
And thanks also to Timmit. I will send an email over the weekend. All the very best to all PRIM shareholders.
Thanks RKB.
Regarding your contact details. is this is an email address? As I am looking to get some questions answered being a shareholder in PRIM. The contact details are a bit confusing so looking for some help here. Thanks.
Current market cap is £5.95 million. GGP holding is now at £4.94 million which is 83% of current market cap. Our other investments are worth approx. £5.142 Million ( per RBBeekepers post of 7th September - thank you.) Current NAV is now just over £10 million. Should the directors salaries etc be reduced by 50%- PRIM wiill then become a very attractive share for both current holders and any new potential buyers. Onwards and upwards as they say.....
This would help with the positive overall momentum of SP.
.. the current buying price is 0.36.
You can purchase Truspine shares here on LSE if you have a trading account. Very simple automatic process . The ticker code is BMZCKL5 .