Member Info for joatmon

In my opinion you are wildly pessimistic on Blue Prism as an investment, so my question is this: -
I do not intend to enter into lengthy arguments with you so in future I will not respond to any post of yours.

If you are absolutely sure Blue Prism is a bad investment, and you say you do not own any shares - why are you constantly posting on this message board?
There is only one possible answer - you are a serial de-ramper of Blue Prism, and therefore your comments should be ignored by genuine Blue Prism investors like myself.

The price is based on the future prospects for Blue Prism - it has been doubling its revenues each year and rapidly expanding its list of customers, offices, head count etc worldwide, customer retention is very high also.

On April 8th at 1601p my opinion was a Strong Buy - based on future prospects, however it may not be profitable for another year or so.

You are welcome to your opinion, others see it as a game changer.

"So we’re dealing with the new kid in town here. Robotic Process Automation is still a fresh entrant into the world of Enterprise Technology. That might sound like a bit of an overstatement, but it’s largely true. According to a Forrester Report, the RPA market will be worth $2.9 billion in 2021. But interestingly enough, that is only a small portion of the AI spend by the same time, which will be close to $48 billion

Now, here’s the thing?—?Robotic Process Automation is prolific. It is definitely gaining traction across industries, where employees are assuming roles that hold more business value than just mundane tasks. That’s just one of the major benefits of RPA. Several Business consulting firms would recommend the same, to make better use of your existing teams, to make their lives easier, to cut costs, so on and so forth. The progress has been gradual, but nevertheless, the impact has been monumental.

But despite the array of advantages, several decision makers are still in two minds about the real value of RPA and its long-term benefits. Here’s what they should know; they are losing out on a massive opportunity to increase their productivity levels. They are losing out on a competitive edge. They are losing out on a chance to help their employees. And it doesn’t end there. If one thinks RPA is not worth investing in, they should give this a read.

What does Robotic Process Automation offer?
Profitability?—?It’s economical, and it reduces operational costs. According to Alexander Steinberg from Accenture, it curbs your expenditure in wages too. The general consensus among business consulting experts is that RPA can help businesses cut down their expenses by at least 25–30%. It is expeditious, and implementation does not take very long.

Quality and Accuracy?—?The tasks automated by Robotic Process Automation maybe mundane, repetitive, and preliminary, but the outcomes are near-perfect and absolutely error-free. What does this mean for the business? Time and money saved, on a significant scale. Higher satisfaction rates. Enhanced productivity. And of course, reduced risks.

Scalability?—?RPA is easily scalable, and integration is rather simple and seamless. It replicates processes across departments and locations effortlessly, and it creates a library of assets and learnings from the various processes.

Operational Efficiency?—?Eventually, the RPA implementation will become increasingly self-sufficient. It works around the clock like a well-oiled machine, and it always delivers consistent results. Businesses can count on that. Moreover, there will be no information loss or data breaches. With granular process monitoring, it enhances business metrics and ensures higher ROI. Compliance checks coming up? RPA will make the auditing and reporting much, much easier.

Business Insights?—?Every interaction/process will be recorded and analysed, for any further optimization.
These benefits are just the tip of the iceberg. ..........

I agree - we should stop this humiliation and punishment by the EU and refuse to pay them the 39 billion they demand, and use this money to advance our trading with other countries and soften our leaving problems. I personally think Angela Merkel is not in any position to lecture the UK on the EU given Germany's history of two world wars. We do not have a strong leader which is what we need.

Change is inevitable except from vending machines, Brexit and CNN.

The thing for me is that RPA will be working away for a company 24/7/365, unlike humans which would be working less than one quarter of the time - maybe 7/6/305 depending on holidays etc. So 4 times the work and no social security payments, or personnel problems, sick leave, pay rises, complaints and strikes or pensions etc.

https://internetofthingsagenda.techtarget.com/definition/robotic-process-automation

Robotic process automation (RPA) is the use of software with artificial intelligence (AI) and machine learning capabilities to handle high-volume, repeatable tasks that previously required humans to perform. These tasks can include queries, calculations and maintenance of records and transactions, so with RPA your input is no longer needed.

Of course you are welcome to your point of view but it is at odds with the facts.

https://en.wikipedia.org/wiki/Robotic_process_automation:

"Robotic process automation (or RPA) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.[1]

In traditional workflow automation tools, a software developer produces a list of actions to automate a task and interface to the back-end system using internal application programming interfaces (APIs) or dedicated scripting language. In contrast, RPA systems develop the action list by watching the user perform that task in the application's graphical user interface (GUI), and then perform the automation by repeating those tasks directly in the GUI. This can lower the barrier to use of automation in products that might not otherwise feature APIs for this purpose.

RPA tools have strong technical similarities to graphical user interface testing tools. These tools also automate interactions with the GUI, and often do so by repeating a set of demonstration actions performed by a user. RPA tools differ from such systems including features that allow data to be handled in and between multiple applications, for instance, receiving email containing an invoice, extracting the data, and then typing that into a bookkeeping system."

The RPA market is expanding so rapidly there will be plenty of room for competition and Blue Prism is focused on expanding it's customer base worldwide. Blue Prism at last count had 13 offices worldwide.

Well one of us is right - I do think the impressive list of blue chip in a total of more than 1,100 companies from around the world using Blue Prism shows a wide acceptance of the Blue Prism software and the merits of using Blue Prism are Robotic Process Automation (RPA):
https://www.blueprism.com/customers

Some reasons to buy Blue Prism would be:
Blue Prism is a leader in its field, and it strategy is to expand rapidly worldwide, with plenty of upside as various studies
are predicting a huge CAGR of between 25% and 60% from now to 2025 in this market. It's very rapid growth in recurring revenues (2017 revenues up 125% in 2018 and probably a similar advance for 2019 and so on).

"Here are five (3 here) successful companies that also didn't make a dollar for almost five or more years.

FedEx
Frederick W. Smith first came up with an overnight-delivery company back in 1962 that he outlined in a paper while attending Yale University. Smith went on to become a successful businessman who took his personal wealth of $4 million, along with another $90 million from investors, to found his delivery company in 1971.

However, Federal Express failed to take off initially and was on the verge of bankruptcy. Smith took the company's last $5,000, flew to Vegas, and played blackjack. The gamble literally paid off. Smith made $24,000, which was enough to cover the cost of fuel and keep the company afloat for another week.

With a little more time, Smith raised another $11 million to keep Federal Express running. The company made its first profit in July 1975. Today, the Memphis-based company enjoys total revenue of more than $3 billion.

Amazon
You've probably heard the origins of Amazon by now. Jeff Bezos left his cushy gig on Wall Street and moved to Seattle to sell books online from his garage in 1994. By 1996, Amazon had sales that reached $15.7 million and $147.8 million in 1997. Needless to say, people were intrigued.

Then, by the end of the decade, Amazon wasn't as promising as it once seemed. Despite having revenues of $1.6 billion in 1999, Amazon still managed to lose $719 million. Things didn't get better in 2000, when it was found that Amazon had just around "$350 million of cash on hand," despite raising billions of dollars.

Jeff Bezos finally turned a profit in 2003, which was nine years after being founded and seven years after going public. Bezos was able to turn things around for Amazon by laying off one-seventh of Amazon's work force and closing some distribution centers.

In the decade following Amazon's first profit, there's still debate as to whether it actually makes money. For example, there was an article from NASDAQ in October 2013 that asked "Will Amazon Ever Make Money?" However, former Amazon employee and shareholder Eugene Wei argues that Amazon does make a profit on most items sold on the site and has a profitable model as well.

Turner Broadcasting System
Ted Turner definitely came a long way after purchasing his first TV station, UHF channel 17, in 1970. Within a decade, Turner purchased the Atlanta Hawks, the Atlanta Braves, and Superstation 17.

In 1979, Turner changed the name of his company from Turner Communications Group to Turner Broadcasting System Inc. and launched the world's first all-news network--Cable News Network, or CNN. CNN premiered on June 1, 1980, with 1.7 million subscribers, which was enough to keep the channel afloat. In 1982, Turner launched CNN2 and merged with MGM Entertainment after a $1.5 billion deal in 1985, which gave Turner access to MGM's film vaults which created even more channels.

An interesting article about Blue prism's prospects etc:
https://diginomica.com/blue-prism-shows-its-colours%E2%80%A8-around-the-rise-of-the-digital-worker/

"Yet if you mention the name Blue Prism to many analysts and commentators – even seasoned IT journalists – the answer tends to be “Who?” The fact that a British software company in two markets of the moment – AI and Robotic Process Automation (RPA) – has an AIM capitalisation of £1.2 billion ($1.57 billion) and has sprung from the UK’s ‘Northern Powerhouse’ – Warrington, between Liverpool and Manchester – seems to have escaped their attention. Is Blue Prism just not Shoreditch or Cambridge enough to write about?

How can a $1.5 billion British outfit with offices in New York, Washington DC, Miami, Austin, Chicago, and San Francisco – as well as in London, Paris, Munich, Solna, Bangalore, Sydney, Tokyo, and Singapore – still fly under the radar? After all, this is a company with a customer list that includes Lockheed Martin, Jaguar LandRover, eBay, drug store giant Walgreens, Siemens, Lloyds, O2, Heineken, Fujitsu, Du Pont, Mitsubishi, Dow, Accenture, and EY. Indeed, it has partnerships in place with all the major consultancies and systems integrators....................."

I notice a lot of substantial buys - does this indicate stake building I wonder?

"Notice of the annual general meeting (the "AGM") of Blue Prism Group plc to be held at the offices of Investec Bank plc, 2 Gresham Street, London EC2V 7QP on 21 March 2017 at 2 p.m."

I will pay close attention to any general ongoing trading or forward looking trading statements at tomorrows AGM.

An upbeat presentation could lift the sp significantly imo.

15 March:
"Laurie “LC” Cook, who brings experience in Federal Civilian sales and management, with an expertise in optimizing programs that better serve citizens and bring solutions to customers at Census, DOC, USPTO, NOAA, HUD, SSA and other Agencies, has taken on a new role as VP for Public Sector Sales and Alliances with Robotic Process Automation (RPA) software provider, Blue Prism."

I think this is old news from February 21st - maybe trying to lower the sp in order to pick up shares at a better price before the March 19th AGM where we should get a trading update:

"DIRECTOR DEALINGS: Blue Prism Chief Revenue Officer Sells Shares
from Alliance News | 21st February 2019 14:27
Blue Prism Group PLC on Thursday said Chief Revenue Officer Martin Flood sold 100,000 shares in the automation software company at an average price of 1,200.40 pence per share.

Following the GBP1.2 million deal, Flood's remaining interest is in 50,000 shares or less than 0.1% of Blue Prism's shares."

Shares in Blue Prism were down 1.0% at 1,198.00 pence on Thursday.