The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It appears the market doesnt like the RNS update from Prim, whilst it does indicate a small set back with revenue it is highlighting rapid growth in the near term. This could be huge..
"I believe that, should the trajectory of client wins, and product delivery, continue to grow as they are, we will begin to see the revenue gain pace and grow exponentially over the coming quarter or two as all the benefits of taking the time (and money) to build a truly globally scalable, self-service, pure SaaS platform begin to pay off. Engage have taken a more difficult path to deliver a better revenue outcome.
As with many of the private businesses we meet, I see the biggest risk for Engage as one of executing small short-term financings in a market dominated by large, Private Equity and Venture Capital investors. Make no mistake, just because Engage needs modest amounts of money to execute its plan, it doesn't mean the resulting company cannot, in my opinion, be a global market force."
Evening, was driving on the a470 near Dolgellau on Saturday afternoon, spotted a number of people coming out of the bushes along the river holding spades, buckets and gold pans, one even had a small sluice box. There was snow on the hills and they looked freezing. Surely it can’t be that difficult to setup the mining operation and make it profitable given the price of Welsh gold!
Market finally appears ready to let this go,
We know the current Value of Assets is above 5.5m, Current mcap is 3.6m. Engage, Weshop and Sport:80 making progress towards IPO,s. other private investments making progress and UKOG expected to release flow rates exceeding projection.
I don’t see how it can be a cash issue, more like this year they promised some fruition from prior investments and with 2 months to go we have seen nothing apart from HH % sale. Some investors have no time to wait and are selling out at what can only be a massive loss.
Very disappointing, value now bellow 3m. We know the value is much higher than that so expect it to be backup soon. Don’t panic Sell! No communication on anything other than HHDL since July is an alarming issue, what exactly are the BOD doing?
error in my Calcs, i have omitted a further 250k investment (3 now in total 1.15m) in Engage announced in the half year report in July, at 22 pound a share, prim holding in engage is now worth 1,336,632.
Also in the half year we only had 274k cash, add to that the 375k from ukog give 649k cash in the bank but 3.9mil in prims share of Weshop, Engage, Fresho and Ukog.
Thats 4.5mil not taking into account Solo shares, alba shares, Sport:80, Fomo, Tru Spine, Stream TV and more.
How can the SP be this low? 3m Mcap We have 3.6m value in our Share of Weshop, Engage, Fresho and Ukog. Add to that Solo shares, alba shares, Sport:80, Fomo, Tru Spine, Stream TV and more.
More than happy with my Average price now, hopefully the update due will bring some good news and start this moving.