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Primorus Investments

AIM:PRIM
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRIM
AIM
£3M
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Primorus Investments plc, an investment company, focuses on acquiring interests in a portfolio of exploration and production projects and assets operating in the natural resources sector. The last earnings update was 3 days ago. More info.


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PRIM Share Price and Events
7 Day Returns
9.5%
AIM:PRIM
1.4%
GB Metals and Mining
1.3%
GB Market
1 Year Returns
-32.4%
AIM:PRIM
-5.4%
GB Metals and Mining
-5%
GB Market
PRIM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Primorus Investments (PRIM) 9.5% -8% 0% -32.4% -45.2% -81.6%
GB Metals and Mining 1.4% -7.3% -0.6% -5.4% 93.2% 20.4%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • PRIM underperformed the Metals and Mining industry which returned -5.4% over the past year.
  • PRIM underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
PRIM
Industry
5yr Volatility vs Market

PRIM Value

 Is Primorus Investments undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Primorus Investments to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Primorus Investments.

AIM:PRIM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:PRIM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.041 (1 + (1- 19%) (0%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.027 * 6.65%)
8.06%

Discounted Cash Flow Calculation for AIM:PRIM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Primorus Investments is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:PRIM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.06%)
2019 0.13 Est @ 20.1% 0.12
2020 0.15 Est @ 14.44% 0.13
2021 0.16 Est @ 10.47% 0.13
2022 0.17 Est @ 7.7% 0.13
2023 0.19 Est @ 5.76% 0.13
2024 0.19 Est @ 4.4% 0.12
2025 0.20 Est @ 3.45% 0.12
2026 0.21 Est @ 2.78% 0.11
2027 0.21 Est @ 2.31% 0.10
2028 0.21 Est @ 1.99% 0.10
Present value of next 10 years cash flows £1.18
AIM:PRIM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £0.21 × (1 + 1.23%) ÷ (8.06% – 1.23%)
£3.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £3.18 ÷ (1 + 8.06%)10
£1.46
AIM:PRIM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1.18 + £1.46
£2.64
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2.64 / 2,796.62
£0
AIM:PRIM Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.00
Current discount Discount to share price of £0.00
= -1 x (£0.00 - £0.00) / £0.00
-21.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Primorus Investments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Primorus Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Primorus Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:PRIM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.00
AIM:PRIM Share Price ** AIM (2019-05-17) in GBP £0
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PE Ratio Median Figure of 39 Publicly-Listed Metals and Mining Companies 9.17x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 788 Publicly-Listed Companies 16.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Primorus Investments.

AIM:PRIM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:PRIM Share Price ÷ EPS (both in GBP)

= 0 ÷ 0.00

-1150x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Primorus Investments is loss making, we can't compare its value to the GB Metals and Mining industry average.
  • Primorus Investments is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Primorus Investments's expected growth come at a high price?
Raw Data
AIM:PRIM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1150x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PEG Ratio Median Figure of 30 Publicly-Listed Metals and Mining Companies 0.37x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Primorus Investments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Primorus Investments's assets?
Raw Data
AIM:PRIM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.00
AIM:PRIM Share Price * AIM (2019-05-17) in GBP £0
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PB Ratio Median Figure of 118 Publicly-Listed Metals and Mining Companies 0.93x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
AIM:PRIM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:PRIM Share Price ÷ Book Value per Share (both in GBP)

= 0 ÷ 0.00

1.16x

* Primary Listing of Primorus Investments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Primorus Investments is overvalued based on assets compared to the GB Metals and Mining industry average.
X
Value checks
We assess Primorus Investments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Primorus Investments has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRIM Future Performance

 How is Primorus Investments expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Primorus Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Primorus Investments expected to grow at an attractive rate?
  • Unable to compare Primorus Investments's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Primorus Investments's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Primorus Investments's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:PRIM Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.2%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:PRIM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:PRIM Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 1 0 0
2018-09-30 1 -1 0
2018-06-30 0 -2 -1
2018-03-31 0 -3 -1
2017-12-31 0 -3 -1
2017-09-30 0 -2 -1
2017-06-30 0 -1 -1
2017-03-31 0 -1 -1
2016-12-31 0 -1 -1
2016-09-30 0 0 -1
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Primorus Investments is high growth as no earnings estimate data is available.
  • Unable to determine if Primorus Investments is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:PRIM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Primorus Investments Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:PRIM Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Primorus Investments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Primorus Investments's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Primorus Investments's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Primorus Investments's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Primorus Investments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Primorus Investments has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRIM Past Performance

  How has Primorus Investments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Primorus Investments's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Primorus Investments does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Primorus Investments's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Primorus Investments's 1-year growth to the GB Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Primorus Investments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Primorus Investments Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:PRIM Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.91 0.00 0.82
2018-09-30 0.57 -0.45 0.86
2018-06-30 0.24 -0.89 0.90
2018-03-31 0.14 -0.92 0.82
2017-12-31 0.04 -0.95 0.74
2017-09-30 0.06 -0.80 0.53
2017-06-30 0.07 -0.65 0.32
2017-03-31 0.07 -0.67 0.32
2016-12-31 0.06 -0.69 0.33
2016-09-30 0.03 -0.54 0.32
2016-06-30 -0.38 0.30
2016-03-31 -0.37 0.28
2015-12-31 -0.35 0.27
2015-09-30 0.00 -0.41 0.30
2015-06-30 0.00 -0.47 0.33
2015-03-31 0.00 -0.51 0.40
2014-12-31 0.00 -0.56 0.47
2014-09-30 0.00 -0.58 0.49
2014-06-30 0.00 -0.60 0.52
2014-03-31 0.00 -0.54 0.45
2013-12-31 0.00 -0.48 0.39
2013-09-30 0.00 -0.30 0.36
2013-06-30 -0.13 0.32
2013-03-31 -0.11 0.30
2012-12-31 -0.10 0.29
2012-09-30 0.02 -0.21 0.32
2012-06-30 0.03 -0.33 0.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Primorus Investments has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Primorus Investments has efficiently used its assets last year compared to the GB Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Primorus Investments improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Primorus Investments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Primorus Investments has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRIM Health

 How is Primorus Investments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Primorus Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Primorus Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Primorus Investments has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Primorus Investments's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Primorus Investments has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Primorus Investments Company Filings, last reported 4 months ago.

AIM:PRIM Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5.16 0.00 0.41
2018-09-30 5.16 0.00 0.41
2018-06-30 4.90 0.00 0.27
2018-03-31 4.90 0.00 0.27
2017-12-31 4.95 0.00 0.56
2017-09-30 4.95 0.00 0.56
2017-06-30 2.46 0.00 0.13
2017-03-31 2.46 0.00 0.13
2016-12-31 2.33 0.00 0.22
2016-09-30 2.33 0.00 0.22
2016-06-30 2.87 0.00 0.75
2016-03-31 2.87 0.00 0.75
2015-12-31 2.21 0.00 0.32
2015-09-30 2.21 0.00 0.32
2015-06-30 2.38 0.00 0.54
2015-03-31 2.38 0.00 0.54
2014-12-31 2.50 0.00 0.60
2014-09-30 2.50 0.00 0.60
2014-06-30 2.78 0.00 1.03
2014-03-31 2.78 0.00 1.03
2013-12-31 2.99 0.00 1.59
2013-09-30 2.99 0.00 1.59
2013-06-30 0.74 0.00 0.01
2013-03-31 0.74 0.00 0.01
2012-12-31 0.83 0.00 0.05
2012-09-30 0.83 0.00 0.05
2012-06-30 0.97 0.00 0.38
  • Primorus Investments has no debt.
  • Primorus Investments has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Primorus Investments has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Primorus Investments has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 60.3% per year.
X
Financial health checks
We assess Primorus Investments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Primorus Investments has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRIM Dividends

 What is Primorus Investments's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Primorus Investments dividends.
If you bought £2,000 of Primorus Investments shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Primorus Investments's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Primorus Investments's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:PRIM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 6.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Primorus Investments has not reported any payouts.
  • Unable to verify if Primorus Investments's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Primorus Investments's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Primorus Investments has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Primorus Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Primorus Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Primorus Investments has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRIM Management

 What is the CEO of Primorus Investments's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Primorus Investments has no CEO, or we have no data on them.
Management Team

Alastair Clayton

TITLE
Executive Director
COMPENSATION
£268K
AGE
46

Don Layman Strang

TITLE
Company Secretary & Non-Executive Director
COMPENSATION
£179K
AGE
50

Adrian Sussmann

TITLE
Consultant
Board of Directors Tenure

Average tenure and age of the Primorus Investments board of directors in years:

3.5
Average Tenure
47
Average Age
  • The tenure for the Primorus Investments board of directors is about average.
Board of Directors

Jeremy Taylor-Firth

TITLE
Non-Executive Chairman
COMPENSATION
£42K
AGE
47
TENURE
3.5 yrs

Alastair Clayton

TITLE
Executive Director
COMPENSATION
£268K
AGE
46
TENURE
3.5 yrs

Don Layman Strang

TITLE
Company Secretary & Non-Executive Director
COMPENSATION
£179K
AGE
50
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
24. Dec 18 Buy Alastair Clayton Individual 21. Dec 18 21. Dec 18 2,500,000 £0.00 £2,500
X
Management checks
We assess Primorus Investments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Primorus Investments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRIM News

Simply Wall St News

Primorus Investments plc (LON:PRIM): What Does Its Beta Value Mean For Your Portfolio?

If you're interested in Primorus Investments plc (LON:PRIM), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Primorus Investments plc's (LON:PRIM) Balance Sheet Strong Enough To Weather A Storm?

The direct benefit for Primorus Investments plc (LON:PRIM), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is PRIM right in choosing financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Should You Be Concerned About Primorus Investments plc's (LON:PRIM) Historical Volatility?

If you're interested in Primorus Investments plc (LON:PRIM), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Should You Think About Primorus Investments plc's (LON:PRIM) Risks?

For Primorus Investments plc’s (LON:PRIM) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

What You Must Know About Primorus Investments plc's (LON:PRIM) Major Investors

Private Company Ownership Potential investors in PRIM should also look at another important group of investors: private companies, with a stake of 1.10%, who are primarily invested because of strategic and capital gain interests. … However, an ownership of this size may be relatively insignificant, meaning that these shareholders may not have the potential to influence PRIM's business strategy. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Primorus Investments plc (LON:PRIM): What Does It Mean For Your Portfolio?

View our latest analysis for Primorus Investments An interpretation of PRIM's beta Primorus Investments's beta of 0.99 indicates that the stock value will be less variable compared to the whole stock market. … PRIM’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both PRIM’s size and industry indicates the stock should have a higher beta than it currently has.

Simply Wall St -

Primorus Investments plc's (LON:PRIM) Earnings Dropped -68.67%, Did Its Industry Show Weakness Too?

When Primorus Investments plc (AIM:PRIM) released its most recent earnings update (30 June 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Primorus Investments's average earnings over the past couple of years, and its industry performance. … For Primorus Investments, its most recent trailing-twelve-month earnings is -UK£646.00K, which, relative to the previous year's figure, has become more negative.

Simply Wall St -

Who Are The Top Investors In Primorus Investments plc (LON:PRIM)?

Private Company Ownership Potential investors in PRIM should also look at another important group of investors: private companies, with a stake of 1.10%, who are primarily invested because of strategic and capital gain interests. … However, an ownership of this size may be relatively insignificant, meaning that these shareholders may not have the potential to influence PRIM's business strategy. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Primorus Investments plc (AIM:PRIM): Does -28.4% EPS Decline Lately Make It An Underperformer?

I like to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For Primorus Investments, the most recent earnings -£0.6M, which compared to last year’s figure, has become more negative. … You should continue to research Primorus Investments to get a better picture of the stock by looking at: 1.

Simply Wall St -

Who Are The Major Shareholders Of Primorus Investments plc (AIM:PRIM)?

I am going to take a deep dive into Primorus Investments plc’s (AIM:PRIM) most recent ownership structure, not a frequent subject of discussion among individual investors. … See our latest analysis for PRIM AIM:PRIM Ownership Summary Nov 21st 17 Institutional Ownership Institutional investors typically buy and sell shares in large magnitudes which can significantly sway the share price, especially when there are relatively small amounts of shares available on the market to trade. … Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital.

Simply Wall St -

PRIM Company Info

Description

Primorus Investments plc, an investment company, focuses on acquiring interests in a portfolio of exploration and production projects and assets operating in the natural resources sector. It owns a 5% direct interest in Horse Hill Developments Limited, which owns a 65% participating interest and operatorship of Licence PEDL137 and the adjacent Licence PEDL246 in the Weald Basin, the United Kingdom. The company was formerly known as Stellar Resources plc and changed its name to Primorus Investments plc in December 2016. Primorus Investments plc was incorporated in 1999 and is based in London, the United Kingdom.

Details
Name: Primorus Investments plc
PRIM
Exchange: AIM
Founded: 1999
£3,216,112
2,796,619,343
Website: http://www.primorusinvestments.com
Address: Primorus Investments plc
Princes House,
Suite 3B,
London,
Greater London, SW1Y 6DN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM PRIM Ordinary Shares London Stock Exchange AIM Market GB GBP 17. Jan 2001
Number of employees
Current staff
Staff numbers
4
Primorus Investments employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 20:48
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/05/16
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.