Member Info for Testing321

Updated investments on the website today, Landore has been removed. Prim bought 1mil shares for 0.225 GBP, so must have sold at ~50% loss as current price is 0.0825

Although it is considered a non-core holding, there was an update on WeShop last month: https://uk.finance.yahoo.com/news/iamfire-plc-weshop-060000457.html?.tsrc=fin-srch

If there are 28,669,415 weshop shares in issue then our holding of 150,199 shares at a fundraise of £4.76 per share gives us a value of just over £700,000. The update gives some impressive growth figures as seen below, so our holding could increase substantially if Weshop goes ahead with its listing in the US:

- User downloads for the WeShop platform as at 31 May 2023 were over 230,000 up from 43,000 last reported by FIRE on 21 November 2022.

- Total purchases through the platform now total over 180,000 with an annualised gross merchandise value (“GMV”) of £33.4m

Good to see Fresho making inroads in the UK too: https://www.linkedin.com/posts/fresho-_supplier-growth-activity-7077223719399526400-xrhr?

Https://www.londonstockexchange.com/news-article/NZI/possible-acquisition-and-suspension-of-listing/15980830?

*Innovation Fund grant

Engage awarded Innovation Fund

https://www.linkedin.com/posts/engagetech_newangliagrowthfund-erdf-innovation-activity-7067502380614828032-_Hwx?

Greg have you tried contacting Rupert at all for some feedback or an update? I tried via the prim website some time ago but didn't get a response. The investment page was last updated on 2 Feb

WeShop is in the news, made its first paybacks to shoppers but is delaying IPO. Overall positive though, quite a disruptive business model. Could be a dark horse in Prim's portfolio: https://www.standard.co.uk/business/business-news/weshop-makes-first-share-buyback-payouts-to-shoppers-but-delays-ipo-b1073169.html

RMM went into liquidation: https://www.lse.co.uk/rns/RMM/rambler-metals-mining-rv0tbkuyg1tlwqo.html

Wonderful thanks skittish that's really helpful. I'm going to save a snapshot of the data on the investment page now so next time will be easy to spot any changes and I will report on them here. Pity about Truspine, the old bod put a good chunk of change in there but it looks like it has been severely mismanaged

Obviously. RMM is still one of prim's investments so good to stay informed

More bad news on RMM though, that whole setup looks very dodgy -
https://www.lse.co.uk/rns/RMM/update-on-gold-streaming-agreement-15wqs8w75ux3ef7.html

Rupert has confirmed on the other board re prim's Fresho holding: "For clarity Primorus Investments current shareholding in Fresho is 4.34% with 78.8m shares in issue."

The prim website says that the investment info was updated on 2 Feb, anyone know what changed?
https://primorusinvestments.com/our-investments/

Only 0.27% of total shares traded today

Not many sellers and good chunk of shares not in public hands, even on small volume the rises will be substantial as we have seen - only 20 (!) trades today leading to a 10% rise

https://www.linkedin.com/posts/fresho-_milestones-achievements-developments-activity-7024504148012253184-j534?

$2 billion annualised sales through their platform
$14 million capital raise
First supplier launched in Wales & Scotland, so establishing a presence in UK too

Can you substantiate your comment on the battery plant? until any formal proof or official news - just a rumor

Well there's a vote of confidence

Odd thanks I've just tried again and it looks okay now. Must have been a temporary bug!

Hi Rupert the Prim website has been broken for a number of days - this is what it looks like: https://imgur.com/a/3VgvPf4