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That's around double prim's initial investment I think?

Looks like ALTE deal with Verdant fell through and they are looking to acquire an AI software company: https://www.lse.co.uk/rns/ALTE/acquisition-55ok4k8xv38g1sr.html

Lots of buzzwords in there, looking at their website hopefully not just trying to ride the hype and they have a long-term competitive product

Excellent to see the bod investing more in Fresho, our most promising and exciting investment

Half-year report is out, no real progress: https://www.lse.co.uk/rns/ALTE/half-year-report-uyk7uaeydkdfh60.html

That's a bad one, 89% reduction. In my valuation calculations last week I had Engage around £1.8mil, what we paid for it, now worth £158k. Ouch. Prim team (and other investors in Engage) can't be pleased with that dilution. Unless the restructuring results in significant growth this should now be considered a non-core investment

Hi rkb good to hear from you, have you bought back into prim?

So any significant value increasing event in say Fresho, WeShop, Engage, Alte will put our NAV above our MCAP

Poormandreaming - here is a NAV calculation for you on Prim's holdings, with assumptions:

1. Fresho - if we take our total holdings and the last raise price, we get £1,638,003. Let's say double it as we know Fresho is continuing to grow, this gives us £3,276,006.

2. Engage, let's assume the value is the same as the last raise price, so total of £1,781,894.

3. CPH2, price has gone up but is still substantially below what we paid. At today's price this is a total of £325,000.

4. ALTE, the RTO with Verdant seems to have stalled so let's say this is just what we put in - £350,000.

5. Interpac, let's assume same as the last raise - £416,880.

6. WeShop, based on information from WeCap (formerly IamFire), from a January update, they own 15.3% of WeShop at a value of £24,600,000. So if prim owns 150k shares the value is £842,348.

This gives us a total value of current investments around £6,992,192. This almost matches our current market of £6.43m. There is still then the additional proceeds from the sale of the FMI Payapps business as well as cash holdings.

Excellent thanks ruskinboy I've received my too

Thanks ruskin I contacted them they said it takes 1-2 working days so if nothing reflecting by Friday afternoon to contact them

Has anyone using Charles Stanley Direct receive their divi yet?

It seems like the delayed dividend allocation happened to give Stephen Ball time to shift his shares from his personal capacity to his corporate/company account in order to better manage his taxes. For more context have a look at the conversations on ADFVN

We haven't received an update from ALTE in a while, but I see that Verdant has a new website, their Redbank power station is currently undergoing planning approval: https://verdantearth.tech/

Quote from Jason Kotchoff, founder of Stocklight.com and now works on software at Fresho:

https://www.linkedin.com/posts/jasonkotchoff_freshfoodwholesale-ordermanagement-fresho-activity-7162960072875200512-b0ov?

Interesting reasoning here too: https://stocklight.com/news/stocklight-product-update-fresho

Only 8 trades, the market is completely sleeping on this share

Spread is awful

Well played Rupert!

The Prim investments page was updated yesterday to reflect the following:

Removal of Payapps holding

Removal of Bushveld holding - I assume all funds have been received

Removal of Supernatural Foods - probably a write-off

Brilliant news, £5million cash, almost as much as current mcap, and ignoring the value of all other investments. Should be a good day, prim is vastly underlooked

Accumulation going on, could be Rupert or Stephen perhaps