Blue Prism Share Discussion Threads

[sogoesit] 28/6/2017 09:07

Chronic's update on results today:

Blue Prism: too hot to handle
It is tough not to be wowed by Blue Prism's (PRSM) growth. Since joining Aim in March 2016 the robotics group has seen its share price rise by more than 900 per cent. And unlike many novel tech companies that excitement is not merely based on a distant pipedream: Blue Prism's sales growth also has strong momentum.

In the six months to April 2017, reported revenue more than doubled to £9.3m, even excluding the contracts that have been invoiced but the money not yet recognised. This deferred revenue increased by 58 per cent from the end of the prior financial year to £16.5m. Through its partner network, Blue Prism has acquired 118 new customers and sold new products to 83 existing ones. It has also managed a 100 per cent retention rate on the eight product licences that were due for renewal in the period.

"We are building capacity as fast as we can," said chief executive Alastair Bathgate, regarding the increased demands of scale on Blue Prism's operations. Higher investment sent adjusted cash losses up to £2.7m from £1.4m in the comparable period last year. That said, the group's business model means that free cash outflows remain manageable at £1.3m.

BLUE PRISM (PRSM)
ORD PRICE: 813p MARKET VALUE: £507m
TOUCH: 798-831p 12-MONTH HIGH: 950p LOW: 108p
DIVIDEND YIELD: nil PE RATIO: na
NET ASSET VALUE: 2.1p NET CASH: £10.6m
Half-year to 30 Apr Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2016 4.02 -1.9 -5.0 nil
2017 9.35 -3.1 -5.0 nil
% change +133 - - -
Ex-div: na

Payment: na

IC VIEW:
Blue Prism's impressive partner base and rapid influx of customers gives us confidence the good times are not yet over. That said, the group's shares have an eye-watering enterprise value to forecast sales ratio of 23 times. Although the long-term outlook is exciting, we recommend that the many private investors who haven't yet taken the plunge into Blue Prism hold off for a more attractive entry point. Hold.
Last IC view: Hold, 490p, 24 Jan 2017

[gundersone] 28/6/2017 07:23

MIT tech review... Blue Prism is no 43 of top 50 companies

[monkeywench1] 27/6/2017 14:16

H1 2016 i.e 6 months - 33 new customers APRIL 2017 - 31 new customers

H1 2016 again..6 months 28 upsells APRIL 2017 - 23 upsells

So April seems to have been our best month ever. Augurs well for an ever increasing run rate.

[andrbea] 27/6/2017 14:10

well, it looks upbeat to me:

-- Customer base now stands at 271 (H1 2016: 90)
-- 100% of new customers secured through our partner ecosystem
-- Investment in the US showing progress, with 32 new customers signed during the period in addition to 19 upsells and one renewal

o Total US customer base now stands at 58

-- Additional geographies now opening, including Australia, Japan and India

[tdog1975] 27/6/2017 11:46

Not a lot of stock about, think this will tighten as the morning meeting outcomes get flushed into buys or sells.....

[hazl] 27/6/2017 10:59

Well a roller-coaster as expected today I see.
We are buffeted as much by the general market and feelings of uncertainty, I think ,
than the firm itself,it's results or indeed expectations for the future.
Whilst I don't hold as many as I did,this is a great firm going forward I think.
What the share -price does in the short -term is anybody's guess just now.

Glad you like the links nimbo,investments,certainly, but also, I think help for future generations of your kids,grankids and so on its worth passing it on.
As to investments are you in WAND?
I've forgotten.
Be interested to know what you think of it.
It's in the same theme of data and disruptors.
Was three times the price a while back and now bringing in the contracts.
Meanwhile PRSM will continue it's success I feel.

[msarwar014] 27/6/2017 09:14

Is there a shareholder meeting or something this morning?

[2350220] 27/6/2017 08:48

Don't know if this graphic will come out. If not, I'll delete the post.
Just noticed this on the info posted on Hargreaves site (where I keep my ISA's etc:
Customer and sales growth
In H1 2017 Blue Prism reported a more than 3x increase in total customer licence deals compared to H1 2016:
Customer licence deals
_________H1 2017_____H2 2016_____ H1 2016
New ......... 118…............... 63..................33
Renewals.... 8..................... 9................... 3
Upsells .......83.................. 53................. 28
Total........ ..209................ 125................ 64

I've had to re format the info :
Just a tip for a anyone else posting a table,
ADVFN takes out all the spaces, hence why I've had to put on the underscores and fullstops to make it more readable.
John

[nimbo1] 27/6/2017 08:30

They will take 5000 shares + off your hands but won't give me a quote to buy 1000. says it all imo.

[gorilla36] 27/6/2017 08:26

Useless23 - Would you care to expand on why you think "results are not up to expectations"?

[bamboo2] 27/6/2017 08:25

Useless23, I think most on this bb plan to hold a lot, lot longer than a few hours! LOL

[useless23] 27/6/2017 08:18

Results are not up to expectations. This will be red at 430pm. Be careful.

[sogoesit] 27/6/2017 08:03

No worries nimbo, it was Davros' comment that surprised me.
Revenues are up 132% half-on-half and losses are up 59%.
PER UNIT losses have reduced by 50% half-on-half.
All by my calculations.

[gorilla36] 27/6/2017 08:03

Market seems to like it ....... thus far !

[croasdalelfc] 27/6/2017 07:58

Expenses and incurred upfront on each deal so losses to be expected until growth eases back and monthly revenue beats the commission expensed.The monthly exit run rate means they are heading towards £2m a month possibly in July and £2.5m by year end.Growth in customers and new deals is still in the hockey stick growth phase

[nimbo1] 27/6/2017 07:55

yep sorry have edited my post.

[sogoesit] 27/6/2017 07:49

I must be a fool... I thought the loss was decelerating (i.e. Heading to break-even).
In fact I thought it halved; but there you go.
Just shows you how much I know. Lol

[croasdalelfc] 27/6/2017 07:46

New customers in last 6 monthsNov,Dec,Jan average 16 a monthFeb and March 19 a monthApril 31!

[chitchat] 27/6/2017 07:46

They seem to have dropped 'Total contracted revenue" as a disclosable number which is a shame, unless I have missed it. Last time £35.2m

[nimbo1] 27/6/2017 07:39

Davros 'the accelerating loss' is only because it is a good idea to employ more staff to take advantage of the boom and secure the customers...(and as pointed out it is decelerating).

Im in this for the long term. In time if I loose my job to a software robot at least my PF can benefit!

Thanks Hazl for posting that Jack / Alibaba clip - v very interesting.

[bamboo2] 27/6/2017 07:39

Current chart pattern tp 905 on EOD close above 800

An EOD close above 950 at some point would be very positive.

[davr0s] 27/6/2017 07:34

Good sales momentum but accelerating loss - price could go anywhere from here ino

[adorling] 27/6/2017 07:31

Outstanding sales momentum of 133% and more to come in H2. Going to be a real market disrupted and could become one of those shares you look back on in 5 years and ask why didn't I buy more.

[janeann] 27/6/2017 07:24

100% contract renewal rate. Not bad!!!

[croasdalelfc] 27/6/2017 07:15

They beat all my expectations ! Solid results!