Blue Prism Share Discussion Threads

[bigboi92] 17/11/2021 00:10

Captain Galaxy - interesting that you also mention Berenberg, why do you think they've been in cahoots with management to get the deal done? I don't disagree with you, just curious? This BoD is shambolic...

[hazl] 16/11/2021 18:22

Well nothing would surprise me.

[captain galaxy] 16/11/2021 18:19

The management were ok when Alastair Bathgate was in charge. I think Jason Kingdon and the CFO have conspired against the shareholders to pass the company to a mate in America at a knock down price. Their shoddy deal would be rewarded with cash backhanders, This is UK corruption at its worst. The ARR grew 27% last year. By April They will have earned £100m, I bet they have a hansom profit by then. I want this company to stay in the UK and list on the Nasdaq. The Aim market and Berenburg have been in Cahoots with management to conspire this deal.

[hazl] 16/11/2021 17:29

Management have been alright.

They plumped for growth rather than early profitability to keep the first mover advantage, which worked well for a long time.

A good little British firm.

[captain galaxy] 16/11/2021 17:21

I find it hard to believe that Blue Prism is not profitable. An ARR income of 179m a year divided by a thousand staff gives an income of £179,000 per employee. That is more than Boris earns as PM. Perhaps every employee has a new Aston Martin each year and they have the central heating turned up! Good luck all except the despicable management at BP.

[hazl] 16/11/2021 17:14

Why stop there hjs?

They have probably sent their minions over the last twelve months to talk it down in my opinion.

I also think it's worth more.

I do this from interest now, very few left as I have stated before, but been following it so long,
well from the beginning more or less.

[hjs] 16/11/2021 17:04

IMHO, directors are selling Blue Prism at a much lower price than what it is worth!I think the offer price will go higher than 1200p. who knows there may be another bidder sitting on the sideline watching and waiting. Let's hope who ever wins this battle offers at least 1350p ...

I am surprised that the directors did not issue an RNS relating to the second bid which came in on 10th Nov and they announced it in today's RNS...I think they have mislaid investors by delaying the RNS.
Any thoughts???

[hjs] 16/11/2021 16:54

On 10 November 2021, Blue Prism received a preliminary approach from SS&C Technologies Holdings, Inc. ("SS&C") regarding a possible cash offer of 1,200 pence per Blue Prism share for the entire issued and to be issued share capital of Blue Prism (the "SS&C Proposal").

bidding war on the cards now...

[blueforce] 16/11/2021 16:49

Well, well well

[blah blah] 16/11/2021 16:13

Oh well I sold too early. Still a profit is a profit.

[hazl] 16/11/2021 15:25

That's what I wondered.

[hopperagain] 16/11/2021 15:13

Short squeeze and a new bidder. I'm hanging on to my holdings.

[hazl] 16/11/2021 07:32

Perhaps Black rock reducing it's short further ?

Interesting.

[hazl] 15/11/2021 20:55

I've just realised these are fresh holdings are they not?

Looks like they were completed 11th and 12th November but only notified today!




The plot thickens as they say.

imo
dyor

I could be wrong of course.

[1madoptician] 15/11/2021 20:35

Hi
Instead of selling , hold onto your shares and vote against and long term you will make more DONT BE SHORT SIGHTED MYOPE!!!

[1madoptician] 15/11/2021 20:34

Hi
Instead of selling , hold onto your shares and vote against and long term you will make more DONT BE SHORT SIGHTED MYOPE!!!

[timmykman] 11/11/2021 01:17

The CFO has zero shares in the company, but Tibco are going to pay him £500,000 if the deal goes through. There has never been a more biased trading update. He should be in jail for insider trading.

[captain galaxy] 10/11/2021 19:25

Not as bad as management make out. The increase in total bookings from 180m to 221m is a 23% increase. The ARR goes from 141m to 179m is 27% increase, not the 17% as published. The management will say anything to get this over the line. Please remember these are not normal times, Fevertree has had a covid year of no growth. Wetherspoons lost 100m and Heathrow airport has lost 2bn. The fact that covid has savaged so many big businesses, it is hardly surprising the prism revenue has declined. I think they have done well considering the present situation. This industry is forecast to grow at 30% PA.

[blah blah] 09/11/2021 07:37

Not a great trading update. Not exactly saying someone should pay more for the business.

[blah blah] 08/11/2021 10:09

Saw the reports that the takeover is in doubt and have sold this morning. Sure, there might be a slightly larger bid coming to get it over the line, say an extra £1 per share. But if the buyer can't be persuaded to pony up, then I think the shares will fall back £2-£3 to where they were pre bid (at best). I'm a bit surprised the shares haven't fallen on the doubt, so I locked in my gains (I was only a recent holder).

[hazl] 29/10/2021 09:04

They were hoping to get it before PRSM break even I believe.

Likely not to be smooth ride either way I expect.

[packman8] 28/10/2021 11:36

HL contacted me yesterday to enable me to vote on the shares held in SIPP. If they have only 22.3% of the shares on the 26th, they have a long way to get to the 75% acceptance level.
Hopefully an improved offer might be forthcoming

[hazl] 27/10/2021 09:01

'Goldman Sachs, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK, is acting exclusively for TIBCO and no one else in connection with the Acquisition and will not be responsible to anyone other than TIBCO for providing the protections afforded to clients of Goldman Sachs or for providing advice in connection with the matters referred to in this announcement. No representation or warranty, express or implied, is made by Goldman Sachs as to the contents of this announcement. '

' Bidco confirmed in the Scheme Document that it had received irrevocable undertakings and letters of intent in respect of a total of 22,261,402 Blue Prism Shares, representing, in aggregate, approximately 22.9 per cent. of Blue Prism's issued ordinary share capital as at 20 October 2021, to vote in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting.

Bidco has been notified that on 26 October 2021, David Moss disposed of 600,000 Blue Prism Shares which were the subject of a letter of intent, representing approximately 0.6 per cent. of Blue Prism's issued ordinary share capital as at 26 October 2021. As a result, with effect from such disposal, Bidco has received letters of intent in respect of an aggregate of 9,595,903 Blue Prism Shares, representing approximately 9.9 per cent. of Blue Prism's issued ordinary share capital as at 26 October 2021.
Therefore, Bidco has received irrevocable undertakings and letters of intent in respect of a total of 21,661,402 Blue Prism Shares representing approximately 22.3 per cent. of Blue Prism's issued ordinary share capital as at 26 October 2021 to vote in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting. '

They get what they want in the end.