Blue Prism Share Discussion Threads

[hazl] 26/8/2016 18:10

'There is the promise to marry up machine learning with robotics, so it's learning more and more as it does things," Shulman said. "As I look into the future of this industry, I think companies that figure out how to meld these technologies together to drive better automation, workflow and integration with clients will move ahead. That's our vision."'
from the above link American banker .com

[hazl] 26/8/2016 18:06

very good find hanzoo!

[petewy] 26/8/2016 10:06

Me too, with u All the Way Francis Albert

[hazl] 26/8/2016 09:32

we have had some short-termers a sign perhaps that it has more visibility in the general market?
Always was a quiet thread.
A Great company imo

[davr0s] 26/8/2016 08:36

Can't get a quote on any size to buy at the moment - real pain

[hazl] 24/8/2016 10:16

Doing well here this morning I'm pleased to say.

I have found a different little company that is also AI.
It is altogether different to PRSM and clearly high-risk ....still eating away at debt....but the debt edit...does look managed, when looking at the financials.
It's price reflects that and it has gone down from 150p to 15pish.

Why I am interested now,though its been on my watch list for a long time is that they have just been accepted for some paid US pilots for some major financial services firms which if successful may lead to reoccurring revenue.

I have picked up just a few recently going in small as it is a risk.
You never know with these sort of firms they can sometimes do very well indeed.

NLG Arria

.EDIT
EVEN if you are not interested in the above this video is quite informative on AI.




IMO

[hazl] 23/8/2016 21:19

OT but interesting

and the Nadaq up over the way......technology in favour perhaps?

imo

[hazl] 18/8/2016 17:10

Yes I intend to keep these through the ups and downs because they, as a company and their product, fitted so closely with my research on the future scenarios and likely successes.
If there is a big crash that affected most stocks I would hope that I would have the opportunity to get more of them.

Let's hope it works out for them and us!

[hazl] 18/8/2016 15:09

Why thank you pete for saying so.I have found some of the bb's quite obnoxious this week!!

[petewy] 18/8/2016 08:52

Thanks for your posts Hazl. Much appreciated.

[hazl] 17/8/2016 11:47

Very busy yesterday but how did I miss this?

'16/08/2016 7:00am
Business Wire

Blue Prism (LSE:PRSM)
Intraday Stock Chart

Today : Wednesday 17 August 2016
Click Here for more Blue Prism Charts.

Global business outsourcing provider Arvato has entered a strategic partnership with Blue Prism to offer Robotic Process Automation (RPA) to help councils deliver back-office transformation.

The partnership will see Arvato use the cutting-edge automation software to provide local authorities with an end-to-end solution of identifying, designing, building and monitoring automated processes, providing RPA-as-a-service and consultancy and training.

Arvato will use the innovative technology to help current and future clients in local government automate transactional back office functions, such as revenues and benefits, HR, payroll and finance, increasing process speed and efficiency while freeing up employees to deliver front-line services.'

[hazl] 16/8/2016 14:16

steady interest here still


imo

[hazl] 14/8/2016 21:36

'companies like IPSoft and Blue Prism are a serious threat to outsourcing providers, says Slaby of HfS Research. "But it's also a huge opportunity for the outsourcers that get on board with the technology early enough.

The work these robots and autonomics do are the sweat shop tasks that occur in the back-office and IT--"the kind that contribute to the outsourcing industry's horrible employee churn problem," says Slaby. "And it provides another labor-arbitrage tool to help outsourcers compete for deals on price."

Indeed, both Blue Prism and IPSoft count IT service providers and consultancies among their customers, who use the technology to quickly and cheaply automate business and IT processes on behalf of clients. And new competitors are cropping up in the space. "It's a logical extension of the development of ever more sophisticated software development environments, of increasing levels of abstraction from machine code," says Slaby'

This article is actually quite old but if people haven't seen it a useful read imo

[hazl] 11/8/2016 11:19

looking very good going forward in my opinion

[hazl] 11/8/2016 11:17

it had to consolidate after that strong run......

[hazl] 08/8/2016 09:53

They are pulling out the late trades by the looks of it........


imo

[hazl] 08/8/2016 07:31

I rather think I wouldn't liken it to any of your examples above.

In a different ball-park altogether I would say.

IMO

[hazl] 07/8/2016 13:39

thanks for the contributions sogoesit!

[sogoesit] 07/8/2016 11:21

My research continues; seems to be a niche market with few players to date:

hxxp://www.csjournal.info/rpa-software.html

Certainly initial growth rates look impressive and still need to look at financials but will hold-off until investing after this meteoric rise. Probably one for my "Winners & Losers" portfolio (the latter mainly like ECK, WAND, APF etc.)!!

Congrats to all in at the get-go!

[sogoesit] 07/8/2016 11:12

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."

[hazl] 05/8/2016 17:58

I did the same in OVG, saucepan, which was also a terribly quiet board until today and literally the gold rush!
I don't intend to sell any here yet, though, and indeed if there is a general crash I may well add on any weakness.

There is also a quiet board over on the GAN site which changed its name code from GAME so you can see it's complete history, price wise .
I think if the US regulations are changed in a positive way for GAN then I can imagine people clamouring for them as well.
Obviously, no guarantees and DYOR.


IMO

[saucepan] 05/8/2016 16:44

Thanks, hazl. Hands up, I sold half when the stock was up over 50% on the day. I never expected such an immediate rise and did not want to risk such great profits. However, I hope to run the rest and will consider buying more, if I see what I think is a low risk entry point. e.g. breakout from a consolidation.

I am surprised how quiet this board is - and hope it augurs well.