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They must know something we don’t…Monday/Tuesday will be interesting for all
Anybody notice that there were 8 huge buy orders of 150k-500k each in the final couple hours of trading today? Tea leaves look favorable heading into next week. Monday/Tuesday are going to be fun. :)
HODL! :P
In my opinion, this a indication for investors to HOLD on to their BP Shares...
Due diligence activities take time. Slightly easier for a public company, but the 28th cut off means the PEs are going through the process and have a very short turnaround to present to their own investment committees for approval before making an offer.
On a buying spree. They added 150,000 shares between yesterday and today
There is probably a non disclosure clause/article in an agreement with PRSM.
Surprised not even a initial Bid/offer has been put on the table…Although, I agree the confidence is growing ! Watch the space ??
A strong showing today would give me confidence that finally, finally, this might take off soon
I imagine the bigger holders will not want to be out of PRSM over the weekend or until an announcement.
There could be more buying however, as the 28th gets ever nearer.
And of course we could all be surprised either way.
Coast Capital were mainly afraid of a cheap deal i.e. something around the £13-15 range. For them to be comforted, means that is unlikely to be a serious outcome. Investors are not in it for the company to do well after their shares are sold on the cheap.
Not sure how to read it with regards to the chances of a buyout in the near future, but the stock price at least shows that an active investor group trusts this management team.
@AutomationGuru,many thanks for your detailed post.I’m still trying to learn,what you have shared is very helpful.
ATB
GLA
@jimbo63, I hope you're right. I always thought Microsoft would acquire an RPA vendor. $2B USD would be nothing for Microsoft, and you'd have to think they would benefit by acquiring Blue Prism and using its IP to quickly improve Power Automate to better compete with UiPath and Automation Anywhere. Stranger things have happened.
take over?
its also on the bloomberg tv,news boxes,on the right hand side of the screen
Microsoft will bring this home, wait and see!!
Activist investor Coast Capital has changed tack and is prepared to back a possible private equity takeover of U.K. automation software maker Blue Prism Group Plc.
The investment firm’s founder James Rasteh, who had called for Blue Prism to seek an alternative to a potential acquisition by TPG or Vista Equity Partners, said the company’s management had now earned his trust.
“Coast will be supportive of whatever deal gives the company the best opportunity to improve its prospects,” Rasteh said in an interview Thursday.
Has anyone here ever bought something via live auction with a known deadline from a site like Ebay? What happens?
More times than not, most of the price escalation happens at the very end before the expiration of the deadline. It's bad strategy to come right out of the gate with your best price because the price get expensive too fast, creating a higher probability that interested buyers will be priced out from buying something they strongly desire to own. So instead, they stalk the item of interest, slow play their bids, and then at the very end.......BAM......bids start rolling in and the price skyrockets. That's exactly what should happen here.
Morale of the story: this was always going to happen this way.....an initial pop on the rumor, flat price for a couple weeks, and then early next week expect fireworks as the sharks swirl waiting to strike. The worst thing you can do is get scared and sell prematurely convincing yourself that nobody is interested just because it's quiet this week when clearly there is high interest.
I'll remind everyone of the article that came out just a week or so ago predicting that bids will come in at 7.5x-10x sales. Taking the midpoint of that range (8.75x sales), the price target should come in at 15.35 GBP or 21.34 USD. That's a 33%-40% bump from this exact moment.......in less than a week!
If you "paper hands" this thing, you may never forgive yourself. Patience my friends.
I think the ft thought a bid of £15 would seal it. However as the board may not accept there is also a real chance of no deal.
With the market knowing that there has been interest from two parties and the subsequent move to today’s price then I would expect an initial offer of no more than £18.00. Would love to think it would be higher but why would anybody pay a 400% premium to the price only two weeks ago.
Takeover - no offers?
Do you have evidence that this is true or is it just gossip?
TPG and Vista US Equity Firms - Are yet to put in an official Bid/Offer...
Blue Prism is clearly undervalued, therefore in my personal view they will not accept or entertain any offers unless its in the starting range of £30-£50 per Share. What is everyone's thoughts? interested to know...
I think it is
Put Up or Shut Up
Forgive my ignorance what doesPUSU stand for?
They have a week to snap up our deal of the year .
I wonder is the has been's on the BoD and the last job software sales cronies , jobs ( shares ) for the boys can close this well greased door ? :)
@joatmon,thanks.I think I’m over excited as fortunately my loss here has reduced dramatically.