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Soon as sells clear this will pop up
Excellent news
You would expect JPMorgan and Systematica to be looking for stock to cover their short positions.
Hopefully first effort is an offer at a premium to here.
Then rebuffed by Management as undervaluing the business.
Can’t knock it but heading much higher...
PS.
Good luck everyone.
:)
Thanks for the suggestion, but I'll take my 40% and runnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn.
Was well undervalued at £8.00 tbh.
Hoping for closer to £15.00
For immediate release.
August 31, 2021
Blue Prism Group plc ("Blue Prism" or "the Company")
Statement Regarding Recent Speculation
Blue Prism notes the recent speculation and confirms that it is in discussions with TPG Capital ("TPG") and Vista Equity Partners ("Vista") regarding possible offers for the entire issued, and to be issued, share capital of Blue Prism.
There can be no certainty that any offer will be made, nor as to the terms of which any offer would be made.
A further announcement will be made if and when appropriate.
This statement is being made by Blue Prism without the consent of TPG or Vista .
Under Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), each of TPG and Vista must by no later than 5.00 p.m. on September 28, 2021, either announce a firm intention to make an offer for Blue Prism in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
Buy if you can...
Held this stock for a few months... Randomly checked this to decide if I should sell came back to some news...
Anyone here know what the deal is???
Thx
It's loving life.
About time some might say! :)
The SP certainly looks to be rising quite significantly this morning.
Is there any news or indication of PRSM getting a US stock market listing?
Bullish looking to me now... that was a well timed £1million but this week !!
I note quite decent early volume and buys out number sells by over 4 to 1.
Who bought 1 million? An insider?
That’s bullish.... buying....
LONDON and AUSTIN, Texas, Aug. 19, 2021 /PRNewswire/ -- Zurich Insurance, one of the world’s leading insurance providers, with the help of Blue Prism® has implemented a fresh robotic operating model (ROM) to great effect, scaling intelligent automation (robotic process automation fueled with AI) and providing its people the right skills for an ever-changing workplace.
As a very large and complex business, Zurich refocused its automation efforts, to cut through the intricate systems it had developed over the years. As with any digital transformation effort, Zurich realized that top-down buy-in from C-level executives was absolutely key in future-proofing its business.
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In 2018, Zurich UK brought its continuous improvement and automation teams together, providing an opportunity to refresh its operating model and automate the right things, at speed. Instead of siloed units, three units focused on new development and one on ring-fenced production.
The changes have allowed Zurich to rapidly increase automation’s exposure across the business, using 68 Blue Prism robots to carry out 140 processes, supporting 85% of Zurich UK’s functions. In the year following the refresh, 88,583 hours were saved by robots processing manual activity.
To ensure that Zurich was nurturing its workforce of the future, it set up an Automation Academy. To kickstart the Academy, it called upon employees who were passionate about reimagining the way they work for the better. Once graduated, employees become either active developers or business function automation advocates, helping to identify automation opportunities to shape the roles of the future from within the business.
Stephen Aldred, continuous improvement & automation manager at Zurich Insurance, said: “To get any kind of success in automation, you need to understand the human element. You need to understand why people are fearful about it. You need to understand what training is required. Our CEO is passionate about workforce sustainability and we are immensely proud of the automation academy program that we have delivered. There’s now no exec member that doesn’t have automation as a topic on their agenda.”
With high demand for Academy places, the business aims for at least one automation pod in all business functions, enabling faster automation based on specific business function requirements.
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Alongside Zurich’s ROM efforts, Blue Prism is continuously improving the capabilities of the AI-empowered digital workers. These capabilities will make it even easier for businesses to program automations faster, increase the scope of automations, orchestrate their digital workforces intelligently alongside human counterparts and, most importantly, drive intelligent automation at scale across the enterprise.
Eric Tyree, head of AI and innovation at Blue Prism, said: “Zurich Insurance is a quality example of what can be achieved with top-down buy-in for intelligent automation a
Looks like Blue Prism hit its 50-day moving average and wasn't able to hold. I think the steep decline (in terms of percentage) this week is the result of traders playing the short-term technicals. I remain bullish on the long-term fundamentals. Patiently holding through the choppy waters in the short-run.
No prizing out many sellers either despite the falls.
We could do with another management update, the last in June said bookings had grown 35% in H1 which for most companies is very good, but I feel a further update to reassure investors would help, we’ve not heard about the US listing plan recently.
Also I don’t like all these change in holdings notifications, whether they are associated to the decline in share price is anyones guess.
Seemed to have fallen about 10% in no great amount of volume and thus making it appealing again.
Infosys Wins Two Awards at Blue Prism World 2021 for Delivering Intelligent Automation-Based Solutions for Telstra
Infosys leveraged its applied AI offering, based on the Blue Prism platform, to transform Telstra’s business operations
Bengaluru, India – August 10, 2021
Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, announced that it has won two “Partner Excellence Awards for Client Business Impact: Telecommunications” – a regional and a global recognition, from its strategic partner Blue Prism, a leading intelligent automation provider to enterprises. Infosys was awarded for delivering intelligent automation-based solutions and driving high business impact for Telstra, Australia’s leading telecommunications and technology company, offering a full range of communications services and competing in all telecommunications markets.
@AutomationGuru
No Bloomberg TV reported Warren Buffet was selling off his shares in general - nothing to do with PRSM but many investors take notice of his actions and react.