Share Name Share Symbol Market Type Share ISIN Share Description
Blue Prism Group LSE:PRSM London Ordinary Share GB00BYQ0HV16 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +21.50p +4.41% 509.00p 490.00p 515.00p 520.00p 487.50p 487.50p 194,029.00 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services - - - - 316.65

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Date Time Title Posts
21/1/201721:18Die Roboter702.00
22/11/201610:29 Blue Prism (AIM: PRSM) The robots are coming3.00

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Blue Prism Daily Update: Blue Prism Group is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PRSM. The last closing price for Blue Prism was 487.50p.
Blue Prism Group has a 4 week average price of 473.75p and a 12 week average price of 385.46p.
The 1 year high share price is 538p while the 1 year low share price is currently 81.50p.
There are currently 62,210,968 shares in issue and the average daily traded volume is 303,476 shares. The market capitalisation of Blue Prism Group is £316,653,827.12.
martywidget: I'd like to see Eric Scott Hunsader analyse the recent share price movements here. That'd be interesting.
togglebrush: Impressive Share price action from IPO (18th March close 110.5) to 18th Nov at 283.50 In that period the Median Trading Volume was 42,734 ' 21st November a RNS said year end (31st October) had seen Strong New Business Since then Median Daily Trading volume ballooned to 132,482 or three times as high. Share price has increased to 527.5 on Friday or nearly twice has high as 18 Nov and five times the IPO ‘ IMHO the results (to 31st Oct) due on 24th Jan17 may be a wakeup call to those who traded the share price up. The directors prospects and forecast will have to be very good to rescue the inflated share price
hazl: From my notes Alastair Bathgate said that emerging demand for 'Blue Prism's automated army' and pipeline for new business is more than the current team can handle.' 'That's sparked management to pull forward growth investment planned for 2017 into the current year.' That was I believe July 2016 Beaufort securities pdf. So in a sense whatever the results this clearly demonstrates the huge demand for their product and recent announcements have proved that to be the case hence the ubsequent rise in share-price. IMO
janeann: seem to be a lot of buys going through and no response in share price at all. and some very strange large trades this morning. Either a seller in the background or being held back for a buyer? any thoughts - hazl?
hazl: Blue Prism customer forums held in New York and London to share best practice and operational excellence for large-scale deployments of enterprise Robotic Process Automation These Prism forums are attended by over 60 international brands. That shows how important their way of working is perceived to be,I believe. ' Blue Prism users gathered in London and New York for three customer forums - the latest in a series of events and programs that stretch back to July 2009. The community met to discuss and share experiences and best practice recommendations for large-scale, mission-critical, transformational deployments of enterprise Robotic Process Automation (RPA). As has been the case for all the previous meetings, the forums were hosted and chaired by Blue Prism customers. On Wednesday, November 30th, BNY Mellon hosted more than 65 members, representing 25 organizations, of Blue Prism’s Robotic Automation Advisory Council (RAAC) in New York for their fourth meeting. This forum was made up of North America-based senior business operations, transformational change and IT executives driving significant RPA implementations. BNY Mellon presented its RPA journey and shared lessons learned, best practice methodologies and operating models for its impressive glo bal RPA program.'
hazl: Whatever short-termers do it is worth reading the above just as a reminder about this wonderful firm. IMO
hazl: I would guess that it equates to those at that time on the 29th? However that doesn't tell us anything. Perhaps they were institutional though the share-price has risen since so hopefully all good. I expect we will see in the fullness of time. A P Message for you petewy ....just to put you straight!
saucepan: Yes, encouraging share price action. It looks like PRSM is on its way again after a pause for breath. The chart is also a textbook example of the power of round numbers - displaying beautiful staging points at 150p, 200p, and 250p. Jesse Livermore would be pleased.
the big fella: A re-jigging of my portfolio today meant I have added another 5k. I have 25k in total now which I will tuck away. I really like the product, which appears to be best of breed. At this valuation you are taking a leap of faith , but these plays are generally valued at c 6x turnover, which could easily see a £10 share price in 3 years. My most "blue sky thinking" holding for sure.
sogoesit: Got interested in this recent start-up following an article in Shares Mag "Under the Bonnet" on 21 July (sorry no charts): "The robots aren’t coming, they’re already here. Little-known UK company Blue Prism (PRSM:AIM) is at the cutting edge of a particular niche within this emerging market. Based just north of Warrington, the small cap business is a leader in Robotic Process Automation, or RPA for short. This is fast becoming one of the disruptive hot spots in the wider artificial intelligence/automation space. Robotics has existed for years. Cars simply wouldn’t get made today without vast automated production lines, for example, but Blue Prism does something very different. Imagine a different kind of workforce, a software workforce to whom you can teach countless new skills and the more it learns, the more efficient it becomes. It never takes a holiday, never gets ill, and is adaptive enough to expand when an organisation hits a workflow spike, yet will shrink when required. Smart stuff RPA software works by mimicking the computer keyboard inputs a human would perform on an application user interface (UI) to perform routine rule-based clerical administration tasks, explains TechMarketViews analyst John Obrien. ‘It’s smart stuff. Not only does this dramatically reduce cost by removing the need for people to perform the same tasks, but it also leads to improved productivity, accuracy and speed to results,’ he says. (Click on chart to enlarge) UTB chart1 Outsourcing to cheap labour markets like India once provided a solution, but rising offshore costs required a viable alternative to keep operational costs low. That is why RPA is gaining such traction among end users and service providers. In March 2015, Transparency Market Research (TMR) published a report saying the market for RPA could be worth $5 billion a year by 2020, most of the demand in North America and Europe. In 2013, TMR calculated an RPA revenue market of $183 million. More interestingly, TMR’s report identified Blue Prism as one of the key technology suppliers. The business launched its software in 2008 and subsequently developed its robotic army with the help of key customers including Barclays (BARC), Telefonica O2 and RWE npower. Impressive start Blue Prism joined AIM on 18 March 2016, raising a total of £21.1 million at 78p per share, although £11.1 million of that went to selling founders and shareholders. That left the company with £8.8 million of fresh growth funding after IPO costs, handing the business an IPO market value of £48.5 million. (Click on chart to enlarge) UTB chart2 It’s been a soaring success for investors so far. On float day the share price shot up in open market dealings to 110.5p, a 42% jump, and while the stock has since bobbed and weaved, the shares are now trading at a record 127.5p. Rapid payback for Blue Prism customers is one reason why investors’ heads are being turned. According to reports, one telecoms customer replaced 45 offshore employees, costing a total of $1.35 million (£1 million) a year, with 10 Blue Prism software robots, costing $100,000 in total. Apparently, the telco in question then spent its $1.25 million savings hiring 12 new people to do more innovative work locally at its headquarters. The other important factor that investors should note is the surging demand. Chief executive and joint founder Alastair Bathgate tells Shares that emerging demand for Blue Prism’s automated army, and pipeline of new business, is more than the current team can handle. That’s sparked management to pull forward growth investment planned for 2017 into the current year. Most of the growth funding (about 80%) will go on extending the firm’s sales, marketing and customer services functions. So far the global sales team has grown from 16 to 25 (the US doubled to 12), and Bathgate estimates this rising to around 40 over the next six to 12 months. There will also be investment in ongoing improvements to the platform through additional research and development (R&D). Previous R&D led to the launch of Version 5.0 of Blue Prism’s RPA platform in May, with enhanced performance analysis, improved user experience through centralised dashboards, and encryption upgrades for sensitive data workflow and storage, plus other upgrades. This rapid growth phase inevitably means investors having to contend with owning a loss-making business for the time being. Blue Prism reported a £1.4 million operating loss for the six months to 30 April 2016. It is worth noting the previous first half’s £72,000 pre-growth phase profit. Rapid revenue growth is needed, and it’s going that way. During the half year period 33 new customers were won taking the total to 90, plus there were 28 successful upsells with existing clients. While reported revenues rose 21% to £4 million, contracted revenue (billings plus future contracted sales not yet invoiced) soared 124% to £14.8 million. Reliable recurring licence revenues are also fast growing, worth 83% of total revenues from 51% a year ago. The challenge now is to build the channel partner network, which remains one of the company’s big growth pushes. Already working with several global blue-chip partners including Accenture, Deloitte and Thoughtonomy, Bathgate admits that 90% of new business is now coming from this ecosystem. Adding new third party partners will clearly help accelerate growth to the extent that Blue Prism hits its ‘medium-term’ profit breakthrough target. Bathgate refuses to get drawn on more detailed predictions but we would read that as meaning the next two to three years. While certainly not a risk-free investment, Blue Prism is definitely an exciting emerging business albeit one that at this stage will only suit certain investors."
Blue Prism share price data is direct from the London Stock Exchange
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