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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Blue Prism Group Plc | PRSM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,274.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,274.00 | 1,274.00 |
| Top Posts |
|---|
Posted at 15/12/2021 06:42 by hazl The fact is that somebody wants us and you have admitted you are an investor in SSNC.Back in November... Prsm has so many investors behind the scenes as shown in the announcements. I'm not encouraging people to buy at this late stage just following the journey. IMO |
Posted at 14/12/2021 14:57 by dannyboylife Hazl, I just brought reality and truth to the conversation. If that's "knocking" then so be it. In the end this is great value and kudos to those that make out of it. a $1.6bn valuation isn't bad given this market, and stiffer and stiffer (and bigger) competition with declining license pricing and cost of sales through the roof you should be happy. The fact there were so few bidders in the end, after I am sure, many smart investors completed deep dive diligence is the most telling. |
Posted at 08/12/2021 10:51 by jias hxxps://www.cityam.cShare price now below bid price. |
Posted at 07/10/2021 12:33 by captain galaxy The Daily Mail has an article today saying the local MP, Charlotte Nichols has been slamming the takeover. The inevitable loss of jobs and the closure of the Warrington HQ. I feel we must oppose the takeover. Part of the problem is the aim market behaving like a roller coaster. It is putting jobs at risk and making investors flee. honestly it is giving bitcoin credibility. Prism must leave aim and list on the nasdaq. Selling the business in October is quite the worst month for shares, now many October crashes have we had? sentiment is always awful. just as the pandemic is making every business look dire, and just before it breaks even, is not fair for anyone. |
Posted at 01/10/2021 00:03 by danvandan James Rasteh is calling for £15-20 for now. It's looking like the business is properly in play. TPG has pulled out though. Curious that Qatalyst Partners have advised to accept the deal; they were being touted as experts on getting a good price and good buyers. Perhaps their real role was to add a veneer of probity to the offer so that shareholders accept it.Coast Capital plans to vote against Vista Equity Partners’s 1.1 billion-pound ($1.5 billion) bid for U.K. automation software developer Blue Prism Group Plc. The activist investor said in a letter to Blue Prism’s board, seen by Bloomberg News, that it will encourage other shareholders to reject Vista’s 11.25 pound-per-share offer, which it said “vastly undervalues” the company. Coast owns about 3 million Blue Prism shares. Its opposition comes less than 48 hours after Hawk Ridge Capital Management, a top 10 shareholder in Blue Prism, said it wasn’t happy with the price on offer. Blue Prism on Tuesday recommended the Vista proposal, which represents a premium of about 35% to its closing price of 832 pence on Aug. 27, the last full trading day before takeover interest in the company became public. Blue Prism needs the support of 75% of investors who vote on the deal if it is to go through. A representative for Blue Prism wasn’t immediately available for comment. Last week, Coast’s founder James Rasteh told Bloomberg that his firm would support any takeover that gave Blue Prism the best opportunity to improve its prospects. But in his letter Thursday, Rasteh called the sale process “rushed and inexhaustive” and said an offer of 15 pounds to 20 pounds a share should be negotiated. In the past few days there has been change in Blue Prism’s shareholder register, with Sand Grove Capital Management LLP building a 5.4% holding, Melqart Asset Management acquiring 2.3% and Polygon Global Partners LLP increasing its stake to 4.3%. |
Posted at 28/9/2021 08:25 by orange1 The low offer price is, erm, because the Brits clearly don’t understand tech ….“One of the UK’s brightest technology stars today said it was seriously considering ditching its London Stock Exchange listing and move its shares to the US because British investors did not have enough understanding of tech. Blue Prism chief executive and chairman Jason Kingdon said his £1.3 billion AI company could be worth two-to-five times more if it was listed in the US, and its share price would be far less volatile, with a deeper volume of shares and more investors to hold them there. He was speaking after Blue Prism’s shares crashed 25% on the back of a trading update several analysts said showed a creditable performance. “I have to say,” said Kingdon, “the reaction today just proves what I’m talking about. We’ve reported a fifth year in row of 40%-plus growth, we launched nine products in the market last year, and this is the reaction we get.” |
Posted at 27/9/2021 19:11 by troken Private equity firm Vista Equity Partners is nearing an agreement to acquire British automation software developer Blue Prism Group Plc for about 1.1 billion pounds ($1.5 billion), people familiar with the matter said. The U.K. technology company is set to recommend Vista’s bid of 1,125 pence a share as soon as Tuesday, said the people, who asked not to be identified because the discussions are private. The offer would represent a premium of about 35% to Blue Prism’s closing price of 832 pence on Aug. 27, the last full trading day before takeover interest became public. Blue Prism said in late August that it was in discussions with Vista and TPG about possible offers for the company. Both firms have until 5 p.m. local time on Tuesday to declare whether they would will make a firm offer under U.K. takeover rules. After the Vista deal, the buyout firm aims to combine Blue Prism with existing portfolio company Tibco Software Inc., which it acquired in 2014, the people said. Vista plans to maintain Blue Prism’s U.K. headquarters and invest in research and development, they said.While Blue Prism’s board is endorsing the Vista offer, other suitors could still emerge, the people said. Representatives for Vista and Blue Prism declined to comment. Shares of Blue Prism have fallen about 31% in London trading this year, giving the company a market value of about 1.15 billion pounds. One of Blue Prism’s independent directors, Murray Rode, was previously a longtime member of Tibco Software’s management and served as its chief executive officer after its purchase by Vista. Activist investor Coast Capital, which owns just under 3% of Blue Prism, recently said it’s open to a private equity takeover of the company after initially opposing a sale. The investment firm’s founder James Rasteh said the company’s management had now earned his trust. The software company’s depressed valuation reflects concerns about gaps in its product portfolio and its distance from key clients and investors in the U.S., Rasteh said in August. He said his firm had spent five months drawing up potential operational improvements that would accelerate Blue Prism’s sales growth. Vista, which focuses on investments in enterprise software companies, was founded by billionaire Robert F. Smith in 2000. It has more than $81 billion in assets under management, according to the firm’s website. Shares of Blue Prism have fallen about 31% in London trading this year, giving the company a market value of about 1.15 billion pounds. One of Blue Prism’s independent directors, Murray Rode, was previously a longtime member of Tibco Software’s management and served as its chief executive officer after its purchase by Vista. Activist investor Coast Capital, which owns just under 3% of Blue Prism, recently said it’s open to a private equity takeover of the company after initially opposing a sale. The investment firm’s founder James Rasteh said the company’s management had now earned his trust. The software company’s depressed valuation reflects concerns about gaps in its product portfolio and its distance from key clients and investors in the U.S., Rasteh said in August. He said his firm had spent five months drawing up potential operational improvements that would accelerate Blue Prism’s sales growth. Vista, which focuses on investments in enterprise software companies, was founded by billionaire Robert F. Smith in 2000. It has more than $81 billion in assets under management, according to the firm’s website. |
Posted at 03/9/2021 08:25 by danvandan More FT comment on Blue Prism. The last paragraph is the most interesting part.Blue Prism: on reflection It’s never easy to make a splash as a sellside analyst with a new employer. One way is to correctly predict a billion-pound takeover approach with your first note. Harvey Robinson joined Panmure Gordon in July. His debut research published in the same month was titled, “Will Blue Prism be bid for? And by whom?” A follow-up at the start of August fleshed out the argument, the gist of which was that an under-appreciated market share made the Aim-quoted software maker easy prey for numerous potential acquirers. Direct hit: Blue Prism said this week it had been approached by US private equity groups TPG Capital and Vista Equity Partners. By Thursday the Aim-quoted stock jumped 45 per cent to hit a market value of £1.2bn. Robinson is well known to veterans of the dotcom bubble, having led the technology hardware team at ABN Amro between 1998 and its takeover by Royal Bank of Scotland in 2007. Jobs at Collins Stewart and research group QMG Insight followed, as well as a brief stint investing client money at his now defunct equity hedge fund Ki Capital Management. Though new to Panmure, Robinson’s professional interest in Blue Prism began in 2017 while at Whitman Howard, which was second after house broker Investec to start coverage. His most recent list of potential predators for the business includes Thoma Bravo and Summit Partners, which specialise in tech buyouts, as well as highly rated direct rivals UiPath and Automation Anywhere. Sector bellwethers Microsoft, SAP, Appian, IBM and Salesforce also receive a mention. So should investors expect a bid battle? Potentially. Blue Prism also revealed this week that it had brought in Frank Quattrone’s Qatalyst Partners as financial adviser. The Silicon Valley boutique has a longstanding reputation for shopping tech companies to the highest bidder, most memorably for UK investors when it advised Autonomy on its ill-fated 2011 sale to HP for $11bn. |
Posted at 15/7/2021 13:11 by ipsissimosity Shares in robotic process automation technology company Blue Prism (PRSM:AIM) have fallen to their lowest level in four years, creating a great opportunity to buy this fascinating UK growth story.UK investors are not blessed with lots of fast-growing technology businesses of scale and have often had to look to overseas markets such as the US. But Shares strongly believes Warrington-based Blue Prism is very much a ‘built in Britain’ tech growth story with enormous potential. Blue Prism is a virtual workforce disruptor which uses robotic process automation technology to automate manual back-office administration tasks. This cuts costs for clients, frees the human workforce to do more value-added tasks, increases efficiency, improves customer service and speed, reduces the need for clients to invest in new IT systems and frequently beats customers’ own return on investment hopes, all from a compliance-friendly platform. This is a nascent, fast moving digital industry whose scope to benefit organisations is capturing the imagination of top management teams everywhere and is also pulling in serious money from investors around the world. Some serious customers trust Blue Prism to transform the future of how they run their businesses, with the likes of Ebay, Siemens, the NHS, Fidelity, the UK’s Financial Conduct Authority and Telefonica among more than 2,000 clients. WHY HAS THE SHARE PRICE FALLEN? It wasn’t so very long ago (2018) that the stock traded at over £25 for a market value greater than £2.5 billion. Unfortunately, lower than expected growth, execution issues and the fears of intensifying competition have dragged the shares to their current lows. In April the company said that annual recurring revenue was approximately £168 million, versus £154 million at the end of October 2020. This means revenues are likely to be towards the lower end of the £170 million to £180 million range previously guided for the full year to 31 October 2021. Guidance remained unchanged for losses, which are still expected to come in at around £25 million this year. SO WHY BUY THE SHARES NOW? Management sees improvements to its internal team leadership and improving upsell/cross-sell opportunities in the installed base as ways to put growth back on track. At the half-year results in June, it said the net revenue retention rate was 115%, down on pre-pandemic levels of 143%. This measures the net growth in monthly recurring revenues from customers. Analysts are starting to wonder if competition is beginning to hurt Blue Prism’s growth. Privately-owned Automation Anywhere and UiPath, which listed on Wall Street in April, are the big specialist peers in the market, but Microsoft and others are starting to move into the space, and you can see why given the enormous growth predicted by market researchers for robotic process automation. The sector was estimated to be worth around $1.9 billion in 2019 but a report earlier this year by Global Market Insights predicted it to surge beyond $23 billion by 2026. Combine that opportunity with Blue Prism’s installed base of recurring revenue customers and the huge valuation gap that has opened between the UK company and its main rivals, and you could see how a deep-pocketed potential new entrant might look to acquire Blue Prism to get a headstart in the sector. ‘Blue Prism is trading at circa 5.1-times forward looking enterprise value to sales, which compares to a 39.9 multiple for US peer UiPath,’ pointed out Megabuyte analyst Cameron Naylor in May. A RIPE-LOOKING TAKEOVER TARGET It’s interesting that one of Blue Prism’s biggest sceptics has changed tack and is now telling clients to buy the stock. Analysts at broker Canaccord Genuity sent a note to clients on 27 May entitled ‘Time to buy?’ in which they noted that the stock’s year to 31 October 2021 4.5 times enterprise value to revenue multiple is now ‘substantially below the UK IT sector average’ of 5.5-times, while ‘forecast sales growth is materially above’. This was a major change for the broker since the start of the year when Canaccord was a firm hater of the stock due to what the analysts saw as ‘disappointing Canaccord’s U-turn now means that not one of the 10 analysts that cover the stock, according to Refinitiv data, now has a sell recommendation, with seven buyers versus a trio of fence-sitting holders. Their average 12-month target price for the shares is £15, implying that the stock has scope to nearly double. Blue Prism should be considered as a higher risk investment given recent setbacks and growing competition. But any patient investor who understands those risks could do well from buying now while sentiment is weak towards the stock. After all, takeovers often happen when people least expect it. |
Posted at 25/6/2021 13:06 by hatfullofsky They have a Sell ratingFollowing broker views on Blue Prism is enough to give even the most diligent of investors whiplash. Three quarters of analysts who currently cover the stock rate it as a ‘buy’ or ‘overweight&rs Judging by the market’s reaction to its interim results this week, it looks like a number of investors still have not made up their minds on Blue Prism. Its interim results could back both the bull and bear case, depending on where the reader decides to focus. While the company has appeared in the Investors’ Chronicle pages as a sell idea, we think given this week's mixed reaction, this set of results warrants a closer look. Even if investors take Blue Prism’s (R&D)£14.2m figure at face value, that is still relatively weak compared with its larger rivals across the pond. Market leader UiPath (US:PATH), which listed in New York two months ago, spent $93m (£67m) on R&D, or 50 per cent of its revenues, in its latest quarter. In fairness, this company also spends a huge amount - $206m - on sales and marketing, worth 110 per cent of its revenues. But its larger scale means that it is still committing to a more competitive product strategy in the long-run. It can also afford to expand more aggressively - it ended the first quarter with $1.8bn cash on hand, compared with the £127m on Blue Prism's balance sheet at the end of its first half. Chief executive Jason Kingdon describes his business as “still under construction”. But as UiPath cements its position as market leader, supported by a robust, and clearly fruitful, record of generous R&D spending, it may seem a little late for Blue Prism to still be finding itself. What looks like underfunding in product development will eventually start to bite as competition heats up. There have been some slow improvements in this area, but we would like more evidence that the company is able to win and hold onto big new clients with its next generation of products. |
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