Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Can't even buy 2500 shares (£100) today, easier to buy a unicorn.
April 2015.
My eyes hurt just from trying to read your post. But, I was out of this share until the last week. I bought back in, average around 3.6p. Reasonable amount more than I sold for (around 15% or .45p) but expecting to see a 50%+ short term return.
Sorry to the people who bought in at 7p, but I'd be happy recieving 6p for my shares in a buyout by the new BOD or sell the assets and return the proceeds to shareholders, either works for me. Yes it's not as much as you might expect in the mid term but with the current BOD there's no guarantee you'll ever see a good shareholder return. Expecting to see close to 5p by thr end of the week.
Why are people under the illusion that the new BOD would take a salary lower than the current BOD?
With the percentage of the company they own, being the BOD they could do as they please, bonuses, salary increases etc. It all depends on their motivations, they could give cash back to shareholders as dividends. In my opinion what's most likely is a buyout to take the company private in the near future which would give a quick return compared to current SP but lower than the longer term valuation of PRIM.
I wouldn't worry, I think it's just a copy and paste. I always prefer it when people say they've copied something rather than pass it off as their own, just a slightly misleading post on their behalf that's all.
RKB are you also posting on advfn?
Just came across the below on a late night browse.
"I think we will see Ms Annabel Schild increasing her shareholding substantially by acquiring shares from Haleride Ltd.
What is pertinent for Primorus is the price of the new shares being issued. I still stand by my view that it will be multiples of what we paid for our shares.
RKB"
The other posts from the account 'JohnCasey' are written in a very different way to how I would expect to see you write. Either you have two accounts with a very different way of writing and have accidentally written RKB at the end of this post or you have someone else signing off as you? Thought I'd let you know.
RKBeekeeper, I have looked into a few things now out of interest more than anything as I'm not currently invested here so am not worried about posting some small snippets of research.
Norman Lott and Simon Stephens are both part of Copian Capital Investments Limited and Truspine. Mr Lott is also a Director of Haleride Limited (Largest holder in Truspine). I'm sure you know who they are / were to TruSpine. You can easily find who they are / were to Copian. In the presentation that many have probably seen that shouldn't be viewable, but is. If you look to the contact details you will see email addresses for people at both Copian and Truspine. Both companies are registered to the same address.
If Copian are part of the funding raise then this is somewhat suspect to me as at the time of some investments, Simon Stephens may have been the CEO of Truspine and a director of Copian. Now Copian may have just been paid and instructed to put together the presentation and then be a contact for details of said presentation, therefore, there would (in my opinion) be no conflict of interest.
There may also be an honest explanation for it all but I wanted to see if you or anyone else had information / was better informed than myself.
Also, I was under the impression that some Truspine products were awaiting FDA approval. When I heard that, I expected to be able to find a 510k on the FDA database, but I can't find anything. I could call and ask them but as I'm not a shareholder I doubt they would give out information like this. Mainly I would like to know if anyone else can find it? I know you've said previously you know patents had been either granted or submitted but as you're aware this isn't approval, only that it is unique.
The investor that you speak of is in no doubt a big boost for Truspine and can't be overlooked. The due diligence that she would have completed I expect would have been thorough. But I am interested to see how this all plays out.
If you are invested, I wish you all the best.
Messi please update us tomorrow with how your phone call with Truspine goes.
Just called them. Answered with no ring tone. Please don't spread misinformation. My issues are different and I will discuss at another point
02071180852
Also, there's a filing at companies house for Truspine from this week.
Firstly, RKB I see what you've done and I too have my concerns and doubts. Information that I've found and researched recently has pointed me in a direction I don't like. Be good to discuss it once all has calmed down.
Messi how are you getting on? Any more information from your investigation that you can share?
For the record I no longer hold a position in PRIM.
It is my opinion that those large sells that some have commented are buys are in fact sells as they appear. But I won't make any further speculation or comment on it.
Hi Messi, thank you for your response. Sorry to hear what's happened to you and others as now I believe I understand the situation a bit more clearly.
From your first messages I thought you were implying that TruSpine was an illegitimate company but I believe you are now saying it is the brokers that have taken your money. Am I right in thinking from your conversation with the Police they are investigating these 2 brokers and not TruSpine?
All I can say to you is that I hope the people are found and you regain some of, if not all of your losses. Keep positive and wait to see what the police uncover.
Hi Messi, if this is genuine then I'd like to say I'm sorry to hear it, please be careful not to give too much information on the phone tomorrow in case it is actually the police phone call that is the con. Incase they are taking all your information to transfer your shares into their name.
Could I please ask a few questions to try and get some information as to what's happening here.
- How did London Police manage to obtain your phone number. If the company is faked and a con I wouldn't have expected them to keep the details of all the people that could testify against them?
- Is it your broker that you bought the share certificate from that are being investigated by police? Please may you provide the name of this broker?
- From the start you have always said you completed no research into what you were buying. Can I ask why you decided to trust a broker you knew nothing about to buy shares in a company you had never heard of? How did they approach you? (Sorry if this is all genuine as that's a tough question but I feel I do need to ask, whether you answer or not is completely your call).
Thank you for your potential honesty Messi but as I know nothing about I really have to question this post at this stage. Hope you understand.
STARTUP NEWS
“Creating the jobs of the future”: Aconex co-founder Leigh Jasper to chair LaunchVic board
STEPHANIE PALMER-DERRIEN
JULY 8, 2020
Leigh Jasper LaunchVic
SOURCE: LAUNCHVIC.
Victoria’s startup agency LaunchVic has appointed four new board members, including Leigh Jasper, co-founder of construction unicorn Aconex, as chair.
Jasper is a high-profile appointment that will likely be a boon to the agency, and the state.
A former SmartCompany Smart50 finalist, Aconex was founded in 2000 and went public on the Australian Securities Exchange in 2014, in a $140 million IPO.
In 2017, the construction tech business was acquired by Oracle for a massive $1.6 billion.
Both Jasper and co-founder Rob Phillpot have since remained active in the local startup scene, investing in local startups both within the construction sector and outside of it.
Jasper has backed Victorian startups, such as experiences platform AmazingCo, foodtech Fresho, supplier marketplace VendorPanel and construction tech startup Buildxact.
RNS out, not showing on LSE yet.
*ahead
In a rather large u turn since my previous post to RB I have taken a position in PRIM. (Not that recent, some weeks ago now).
Whilst I stand by the fact I'd prefer the BOD to close the position in GGP and take the profits, at present the positive fundamentals of PRIM now IMO outweigh the negatives. GGP has been a fantastic buy from PRIM and one that for the majority is almost beyond belief but we are so overweight GGP now that any drill issues and change in market sentiment or short attack by large hedge funds (even if it's short term) would bring us crashing back down. Having said all that, PRIM is now so substantially undervalued I think it's worth the risk.
With regards to TruSpine I don't think the ideal time to sell will be on IPO. The IPO raise would be for an expansion in the coming year or two to get products to market and if it is successful the share price should see a substantial gain. Also, once the position is listed it would provide a daily NAT that would allow it to be easier for some investors to value.
An update on Engage would be welcome in the coming weeks because this is a share I struggle to value.
Fresho's management have increased my confidence in them with how they've reacted to market conditions and with life starting to edge back to normality we can hope for the commercial side of this business to improve whilst hopefully keeping some of the public customers.
Overall, an interesting few months ago.
Understand your response, to be fair that sentence was more towards one commenter but in the interest of fairness was made into an overall comment. But I take your point. For the record I did previous invest in PRIM but not in the last few years, I do still get RNS emails though.
You wouldn't buy this stock purely for GGP holdings. I'd expect there to be upside in this share mid to long term but I wouldn't expect much more over the next few months. Some of PRIM's holdings will have to scale back their expansion and then once they come out of Covid-19, hopefully at the end of the year they will likely need to raise more money. This would dilute PRIMs holdings or require money that if the directors are correct could come from the sale of GGP. Still good investments but a longer term view required. Unlikely to see any IPO's this year with a view of end of 2021 likely. IMO. Just giving people an alternative view, happy for people to come back with genuine views on why this may be wrong or things I've overlooked.
As for it's only coming onto people's radar, I think it's safe to say it did that with a lot of private investors when it sold UKOG at a great time for PRIM, a great call.