Blue Prism Share Discussion Threads

[hazl] 27/10/2021 08:30

Don't expect it will make any difference though.

[hazl] 27/10/2021 08:27

Don't forget to vote before 15th November.

[captain galaxy] 08/10/2021 09:48

Yesterday the volume was 2 million up until the close. on the close 9.7 million changed hands. If that was vista buying then we may be in trouble.

[danvandan] 07/10/2021 23:43

There were some huge buys after the close. I wonder if we are about to see an improved offer to get to 75% acceptances.

[captain galaxy] 07/10/2021 17:49

11.7 million shares changed hand today. price marginaly down in a rising market suggests big buying. This is going to get very interesting.

[captain galaxy] 07/10/2021 12:33

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.

[hazl] 05/10/2021 09:02

But yes I like Ken Wooten too.

[hazl] 05/10/2021 07:47

Difficult to know what's safe these days!

[breakconvention] 04/10/2021 22:58

Will probably put some of my kids pot in GHS soon, as I feel it's in safe hands in difficult times.

[breakconvention] 04/10/2021 22:55

Thanks hazl, for the link & comment. I really like Ken Wotton's approach to Uk investment, private equity approach...etc. His path into investment is very similar to my own. Ken's videos are a must, for anyone looking to learn more on how the small cap market works. Great advice in this video, and I'd additionally advise that investors watch Ken's PI world video published in may.

[hazl] 03/10/2021 14:09

Breakconvention what you say is mentioned here by Ken Wooton.
An interesting discussion.
I found by chance that they have companies that I'm in or been in.
PRSM is mentioned briefly but it was more about your comments that I post.

[hazl] 03/10/2021 07:50

Yes BC Morrison's being an example.
Who knows if Tesco will follow suit?

[breakconvention] 02/10/2021 23:41

Very clear we have come to a point in the Uk that is recognised by most educated people were the whole values system has gone out the window. People often criticise traders, but really are the Uk markets or US markets investable at all, with a long term point of view. 6 years in as a full time pro trader, i cannot believe what I have seen in recent years. Uk for sale, it's as simple as that.

[breakconvention] 02/10/2021 10:49

There's a good piece in the FT today regarding private equity takeovers at the wrong price, seems to me a lot of UK C suite, just want a nice financially rewarding exit, from what is my view is a broken market.

[danvandan] 01/10/2021 21:35

The market has barely reacted to the news of potential shareholder rejection of the deal. I am surprised. Presumably the risk of Vista pulling out of the deal is nearly equal to the prospect of a higher bid. Yesterday I felt certain the price would go much higher; evidently I'm not in the majority.

[jias] 01/10/2021 18:02

Good post. This deal is attempted robbery. I will absolutely vote against it.

[captain galaxy] 01/10/2021 16:40

Blue prism had £126 million in cash at the last report. vista values this company at £1.1 billion. If vista trouser this cash then prisms actual price is £975 million. This is an awful deal for share holders. everyone please vote against it.

[hazl] 01/10/2021 06:20

PRSM Expects to break even this month.


They have done all the hard work and made their name, now suitors are going to get the benefit, is the way I'm looking at it.
Still if management are recommending it what happens remains to be seen.

[danvandan] 01/10/2021 00:15

Unbelievably, Systematica is still showing 0.79% short on PRSM:



Is the hedgie expecting the deal to fall through? I imagine there will be some action tomorrow with a very brief short squeeze.

[danvandan] 01/10/2021 00:03

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%.

[danvandan] 30/9/2021 23:52

Yaaay!!! James Ratface has finally come down off the fence. Looking at the early bid acceptances, they are a long way off 75%. What's the feeling here - a 20% increase in the offer as the next step?

[bigboi92] 30/9/2021 18:07

Top shareholders opposing the deal