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Housekeeping before first offer?
Hope so Latpulldown, between this and Cine I'm losing a fortune!
Good Evening PW,
It looks now that yesterdays price drop was nothing more than an attempt to put some liquidity into the shares. Managed a top up at around 1130p yesterday and as you know PW I make my own mind up on things and uninfluenced by others.
There are two private equity groups doing due diligence here but I still think that whatever gets offered by them PRSM is worth more to one of its main US competitors and it would not surprise me if they gazumpted matters.
As for CINE I'm holding firm on it. The court case I am watching daily like yourself and it is going really well and as it stands I think we will actually win it. The new James Bond film advance tickets are selling extremely well and that will only further intensify over the next 2 weeks. (Some will miss out on opening weekend) and the Q4 film slate is full of eyecatchers. Smacks of manipulation but its that which presents entry point and top up opportunity and it should catch its wind. If not it will plough ahead with it's US listing or be taken over. All imho.
Best wishes and GL with your investments.
@latpulldown, I completely agree with you. Even if it's only buying the customer base, why wouldn't UiPath do a leveraged buyout or acquire via its own shares to pick up an additional 10% marketshare instantly?! If it acquired by giving Blue Prism investors a premium price in value of UiPath shares, it would only dilute by <10% and immediately grow its revenue by 25% and take out a top 3 competitor. It's a no-brainer to me, and the same logic applies for other big enterprise software companies looking to cheaply get into intelligent automation.
The emergence of a 3rd bidder is reasonably likely, and could even be a reason this is dragging out a bit. In fact, that is what Frank Quattrone was hired to do.......rustle the bushes to stir up more interest and get top dollar for the business one way or another. We have yet to see what fruits his involvement will yield, which is another reason to HODL these shares with diamond hands as if your life (or at least your retirement ha) depended on it. :)
Thank you Latpulldown! I do love your posts. Xx
As for Cineworld Court case, what I've been listening to as it stands, Cineworld will win. :-)))) we have all the evidence/facts
I suspect TPG will be first out of the gate with an offer.
Sohaib Abbasi is an Advisor for both TPG and Blue Prism. Coincidence? I think not