Member Info for joatmon

There is probably a non disclosure clause/article in an agreement with PRSM.

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.

Takeover - no offers?
Do you have evidence that this is true or is it just gossip?

The trading volume is low so no lift off at this time however maybe after the NYSE opens?

I have no crystal ball but I feel the recent low activity in PRSM trading indicates mainly PI rather than Institutional activity.
From this I expect more of the same until an announcement (possibly before the 28th) when there will be a flurry of activity - lets hope the market takes a positive view of developments.

All Chinese companies are government companies whatever they may say - they do as instructed or the management is changed, or jailed. I would not concern myself with this at all.

News alert - LSE:PRSM

Blue Prism Introduces Intelligent Automation Productivity Solutions for the Enterprise on AWS 13:32 : Monday 20 September 2021

With nine days to the September 28th deadline - my question is can we expect an interim 'indicative announcement of some sort' or nothing until September 28th?

As volume picks up I expect the SP to again move up.

@jamstar
does this mean the percentage of shares available at this time for trading is probably less than 16%

The latest RNS indicate Hawkridge has taken 3.54% of PRSM - positive news?

Does the other offerer Vista - own shares and if yes why have they not been listed on the LSE?

It seems odd to me that they are contemplating an offer but have no stake?

Tiny volume so far today - does not signify any trend except every one is sitting on their hands for now.
Of course there could be last minute off the books trades etc.
With the sp settled around £12 does this mean the market sees limited upside (10-20%) unless a new bidder arrives?

Does anyone know how many free floating share are out there?

I may be wrong but is seems only the PI's are in action this morning, and the institutional players are awaiting future developments. I think this situation will be the case until definitive news is announced.

I am unsure if there will be a big rise led by the USA markets - people could take a while to get organised after Labour day. I hope for more progress in the SP nevertheless.

Also Black Rock is buying

I am somewhat confused by all the RNS's they are not definitive to me - but Credit Suisse indicate they bought shares.

Lord Alan Sugar has 22 directorships - so in my opinion being a director in several different companies is not unusual and of itself it does not indicate a conflict of interest.

https://companycheck.co.uk/director/901805262/LORD-ALAN-MICHAEL-SUGAR/summary

Blue Prism brings in Quattrone as brokers prepare for a bidding war
Sector rivals and industry players will be keen on the UK software pioneer, says analyst who foresaw buyout