Member Info for joatmon

"Our FY results will be released on 23rd January.

We currently have no public statements on timing of our projected profitability, but will look to keep the market appraised should this change.
Please be assured that the Board sees a path to profitability and remains focused upon this end state."

IreneKrapp -
You pay for talent and usually you get what you pay for - paying low wages is not a good sign in my view.
A month or two back you predicted 700p and I predicted 900p and so I was right an you were wrong.
You also said Credit Suisse were wrong to make a large buy in the high 700's, and I said it indicated their belief in Blue Prism. So the facts are you have been either consistently deramping Blue Prism, or your predictions were wrong - based on the how things have worked out.

Blue Prism has monthly recurring revenues of £10.4m at the end of October and this is increasing.
The facts are Blue Prism has used its revenues to expand with new operations and offices in several countries and the related upfront costs of the expansion are financed by the rapidly increasing recurring sales revenues.
For myself the future is more of the same, with an increasingly dominant position in the market, leading to a either a takeover by a really big software/internet/tech company - or a stand alone stable and profitable company.
My own opinion is Blue Prism is moving quickly towards being a desirable takeover target, given the rapid expansion of the sector worldwide.
Others may see different possibilities but I think the downside risks are relatively small compared to the upside potential.

Yes the false narrative that Blue Prism is 'burning tons of cash' is part of the plan for these serial de-rampers.
However I no longer choose to respond to IreneKrapp because it is an utter waste of my time.
Change is inevitable except from vending machines and IreneKrapp.

IreneKrapp
Posts: 1,868
Price: 777.00
No Opinion
RE: Update24 Oct '19
joatmon (me) "So why would Credit Suisse last week increase their stake in Blue Prism to over 5%?"

joat, (Irene Krapp) Shareprice is still sliding at 780, Can you give us an update on the "Credit Suisse knows best" theory ? - Me now - yes I was right and you were very very wrong.

Of course everyone has a right to be stupid but some people abuse the privilege.

It is obvious that following Irene Krapp's constant pessimistic posts would have cost investors dearly.
I suggest in future all investors ignore her posts because they are worthless.
I am not saying Blue Prism will not suffer setbacks but I am saying it is a profitable growing business and one for the future. And for sure Credit Suisse were right to buy in and Irene Krapp was totally wrong - I rest my case.

However - everyone has a right to be stupid but some people abuse the privilege.

The quote is actually "Everyone has the right to be stupid on occasion, but Comrade MacDonald abuses the privilege", and it was Leon Trotsky, ...

I note that CREDIT SUISSE GROUP AG have increased their stake from 4.069% to 5.195% - this is a very positive sign for Blue Prisms prospects going forward.

To BlahBlahDoh:
If you are not convinced of the prospects then sell and move on - its each investors decision.

BlahBlahDoh - We do have some solid facts to judge the value of Blue Prism:
1. Revenue is increasing rapidly -1H 2018 to 1H 2019 up 82%.
2. Exit monthly recurring revenue - up 62%.
3. Net Cash - up 137%
4. Total Customers at period end - up 91%
5. Renewals at 99.5%.
There are other factors of course but there is a clear trend for Blue Prism's growth.

I sent an email to thomas.hull@blueprism.com
Subject: Quarterly trading updates are needed.

Value is subjective and usually based on future potential and forward earnings, and this comes back to my post regarding a lack of trading information from Blue Prism. With only 6 monthly trading news (interim and final results) - past performance is the only measure we have, with some weight given to the much higher share price of a few months back. I also think broker ratings are unreliable with such a volatile share price as Blue Prism.
Basically you either believe in the ongoing advance of the company and its software innovation, sales momentum and expansion or you don't.

At this level I consider Blue Prism as a strong buy - however it is difficult to judge the progress the company is making due to the very sparse trading reports - basically we only get the interim and final results. This lack of information leaves investors in the dark - I think this situation is unhelpful and it holds the company back.

I Agree plenty of upside potential with little downside.

From the FT:
"Marc Hardwick, research director at tech analyst firm TechMarketView, said the acquisition was “a good fit”. He said: “We now know how at least some of the £100m Blue Prism raised earlier this year will be spent. It’s not yet clear how Thoughtonomy will be integrated as a proposition or as a brand but the logic behind the deal makes sense.”

Peter McNally, an analyst at stockbroker Panmure Gordon, said the results left Blue Prism with “a considerable amount to do in the second half” of the year. “We think the results were fine. The Thoughtonomy acquisition was a good move, as there are a lot of synergies between the two companies.”

I notice another two large buys today:-
12-Jun-19 17:44:24 1,952.00 101,434 Buy* 2m O
12-Jun-19 17:38:17 1,954.00 56,614 Buy* 1m O
My sense is the June 27th update will most likely validate the faith of investors in Blue Prism.

I note a single buy transaction for 215,000 shares of Blue Prism for £4m at 16:52 today - Obviously someone is pretty confident of the outlook for Blue Prism with the trading update due on June 27th.

A trading update is due on June 27th - for investors.

Strong upward momentum and finishing on a high for the day - tends to indicate further progress for next week.
However Blue Prism has always been very volatile, that said I think £24 is within range.