Member Info for skittish

First reference to "offer" should be "bid", of course.

A £28 buy was enough to tick up the offer from 4.1p to 4.4p.

And subsequently after a 60K sell (£2,500) and £100K sell (£4,250) the offer ticks up from 4.4p to 4.5p.

Odd price behaviour today but maybe a hint of something to come?

Rather a lot of trades this morning for sleepy old PRIM - and mainly buys with an intraday reversal - these were down this morning.

Someone (or maybe several parties) clearly sees an attraction here.

Testing123 - Yes - this page

https://primorusinvestments.com/our-investments/

has certainly been updated recently and maybe a new creation.

Up to a few days ago it was password protected and had been for several weeks before that.

Hopefully a sign that things are moving forwards.

I'm not sure these will move much until there is news - but it is likely that £5M will have to be deployed in some manner and at some time.

Big investment in comparison to the market capitalisation of RGO.

This company is flying so far below the radar it might as well be lying flat on its stomach and covered in turf.

Well camouflaged to say the least.

I suspect that it will not always be so.

Recent directors buys, together with the options announced today suggest to me that something is brewing. Parties are aligning.

That Simon Holden, the company secretary, has also been issued with 3M share options suggests that he is far more intimately involved with the company than would be a usual company secretary or company lawyer. He is being potentially rewarded on an equivalent basis to the three directors.

He does act as secretary/director to several other listed plc's.

Exercise of the options, assuming no further shares were issued would also take what I would regard as "insiders" up to a total holding of around 33%.

Mr Hemmings interest in Primorus could be something of a wildcard.

On the one hand he could be merely a private investor, who has been able to build up a declarable holding in Primorus as it is something of a minnow albeit with some interesting assets.

On the other he has in the past had extensive interests in financial software and was senior director of JHC Systems Limited which was bought by KIWI UK for an undisclosed sum on 1st August 2019.

JHC Systems software (I'll leave you to decide what the "JH" of JHC Systems stands for) at the time of the purchase managed assets of £165Bn.

This is the combined entities website -

https://jhc.financial/about/about-jhc#our-business

Interesting that he should alight here - but maybe he simply sees value.

02-Mar-21 15:27:58 175.00 250,000 Buy* 170.00 175.00 437.50k

£437K buy to add to the £1M buy of a few days ago.

If the same party that represent around 0.75% of the shares in issue. As 82.5% of shares are not in public hands it would be difficult to build up a meaningful stake, but a TR1 may come if it is an existing 3%+ holder.

Hopefully will break out to new highs above 191p shortly.

Certainly looks like someone is building a position here

Interesting things coming to Guild, and soon.

https://twitter.com/GrantRous/status/1365635350320791552

And another thing, Mr Hemming is now the second largest shareholder - does he intend to be active or passive?

It would be difficult to seek to control the company but maybe could seek to influence investment decisions - he also has his own private business interests in finance software.

Mr Hemming appears to be a fairly regular poster on the "other side" and certainly appears to have been buying since at least 15th February, post RNS.

By coincidence that is when Mrs Hedley Clark also bought.

Most of the chunky buys post 15th February appear to have been at slightly over that magic 4p level, which also enticed Mr Labrum to buy, although there may be further trades yet to be posted as Mr Hemming passed the 3% threshold only today.

As he has 3.9997% and further buying by him should trigger another RNS.

He appears to see value here and it is difficult to disagree.

Odd that there has been no reaction share pricewise to the recent director buying - lets see if Mr Hemmings recent purchases can create a reaction in the market.

Guild now ranked in EU Top 10 for all its respective sports -

https://twitter.com/GrantRous/status/1364236525651681281

Moved up 3 places in the RLCSX league over the weekend to number 6.

https://twitter.com/LiquipediaRL/status/1363931122875457539/photo/1

Hints about to enter Counter-Strike shortly.

Not reflected in the current valuation IMHO.

The last post on here by Adrian Po**** was 2/10/2020, under the name danawinner and he hasn't posted since, obviously job done, at least for now.

He still posts on LSE, and recently on Infrastrata, so there is the possibility of further posting when the time is right.

This is what he said in his last post -

"Poker, I am still here, and it was me that 'encouraged' an RNS yesterday.
I am currently working on a major funding relating to fast charge EV batteries (300 miles range added in under 5 minutes charging) and have little time for posting at the moment.
Today is a Hong Kong holiday, so the pressure is off me.
Rest assured, I am still here, and working hard for you.
Danax"

Make of that what you will, but director buys continuing both in January and February, and new subsidiary companies created less than a month ago suggests to me that things are still bubbling away beneath the surface, and that all will be revealed if and when a deal is made and they are ready.

Just because there is no obvious activity doesn't mean there is no activity.

I'm not sure what RL has in store - I'd be a bit nervous about him putting all his eggs in one basket.

However some of those now involved at PRIM have a track record at Infrastrata plc which was a previous "rescue" project around 2017/18.

Adrian Po****, who was active on these treads during the PRIM take over battle (can't remember his handle tho') was a director of Infrastrata, as was Matthew Beardmore and Simon Holden was Secretary.

So a similar set up to here, with Rupert Labrum and Hedley Clark thrown into the mix. Between end 2017 to end 2018, when the trio were involved INFA shares rose quite a bit, although they have declined since. INFA is now focussed on gas storage and has a large renewable energy fabrication division, based on recent strategic purchases.

Adrian Po**** did mention on here that he was also dealing in Far East battery storage, so certainly renewable energy/energy storage seems to have been a past direction that a large part of this team has previously trodden.

https://www.infrastrataplc.com/about-us/

So lets see what they can come up with - and hopefully they will be able to leverage that £5M+ into a decent sized project or projects.

If they can build up a reliable income stream it would be the sort of company that a large fund or pension type outfit may find of interest.

Obviously very little pi interest at present but recent director buys, and the fact that directors and associated parties own 25%+ gives reasons for hope.

Although the selling continues, the price continued to be notably strong towards the close.

Perhaps an indication that someone is accumulating in significant quantities, and able to now absorb the selling pressure.

The 10.25 for 579K @ 4.14 I'd say probably was a buy, as the ask was 4.2 at that time but had been moving up during the morning.

The 13.38 for 1.25M @ 4.2p was probably as sell IMHO as the spread was 4.1p-4.4p at that time.

But you never know - and in the light of general lack of news director or associated party buying is as good a sign as you'll get in the present circumstances.

There appear to be many "bargains" about at present so I can't see the capital remaining unallocated for a significant amount of time.

Otherwise what was the whole purpose of the takeover last year, which obviously took time and money to achieve?

Two 19M trades showing up from yesterday @ 1.20p, cheap, rollover or transfer?

Total around 5.6% of the company, or 2.3% a pop.

Still slumbering but won't remain under the radar forever.

As some had speculated we have had a director related buy following the dip yesterday.

Mrs Hedley Clark shelled out £20K@ 4.14p on 482,360 shares or an additional 0.35%.

They obviously see value at these levels as Rupert Labrum was buying up to 4.09p a couple of weeks ago taking his holding up 2% to 20%.

A waiting game, but does inspire some confidence that over the next few months this could be quite a bit higher.

Maybe the reason for the options announcement last Friday afternoon - 1p is a bit of a giveaway, but I guess acceptable if the share price is 1.25p - is that the directors feel "something" is about to happen.

If the big seller is out after that chunky 7.75M sell, also last Friday afternoon, then the brakes may well come off the shares next week.

Combined with the PIRI effect, things could start to get interesting.

Not to mention that this appears significantly undervalued in any event.

Judging by the recent trades it appears that some have just cottoned on to RGO having a significant interest in PIRI, and this could be an inexpensive way to play that.

MM's also seemed to be loading up with quite a few million this morning, perhaps in anticipation of selling to pi's at a higher price this afternoon.

Apparently "YOP" has just hit $3.40. No idea what that means but PIRI obtained 4M YOP tokens at $0.05 in December, 3M of which are subject to a 1 year lock in - at least according to C Akers on Twitter.

So that investment could turn into a bit of a money spinner.

PIRI up 20% today thus far, with a market valuation of £18m, all apparently caused by some crypto called YOP being up over 100% in the US yesterday.

Not translating through to any move on RGO, but it can only be a matter of time. I get the impression there is someone unloading large amounts of shares in RGO which keeps the price in check, however that cannot last forever.

I guess the thing to do is to buy the slow burner cheaply while you can.