Market's view on Primorus Inv.
Published on April 2024
- Stock watchers indicate that the share offer price might have reached a new high, possibly at 6.5p old money pre-dividend.
- A stock watcher mentioned that a position might be considered worthless and suggested selling it for minimal value to save on tax from a supposed windfall, which would also accrue interest.
- Discussion highlights a view that for HMRC purposes, a disposal or liquidation must occur.
- It is noted that a company’s current cash and assets are possibly equal to its market capitalisation.
- Opinions shared include that a company might give away a worthless asset.
- A stock watcher suggests that a revaluation by an event put extra money into a prime bank account, which could offset tax on a windfall.
- There is mention of a disastrous investment leading to significant financial loss for a company.
- A specific transaction is referred to as a tax write-off against taxes due on a windfall.
- There is speculation about company buybacks beginning following a couple of significant purchases.
- Comments reflect dissatisfaction with how a company is currently perceived.
- A significant restructuring in an investee company, Engage Technology Partners Ltd, resulted in a substantial dilution of holdings from 4.49% to 1.97%, describing an approximately 89% reduction in value.
- Positive market activity and strong trading volume are observed.
- There is mention of a potential upcoming float for Fresho, suggesting a significant increase in share price upon announcement.
- The main discussion about a company includes a return of investment to shareholders and speculation about future price movements based on potential announcements or director buys.
- Dividends being credited to accounts are confirmed, indicating payments being processed.