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B PRSM
andy mac
Posted: 13 October 2017 10:40:39(UTC)
#67

Joined: 12/02/2016(UTC)
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Funnily I just sold my holding making a decent profit before reading this

I have been in and out several times so have made money

I notice as have others that it can be very volatile so I trade it quite often but never put more than 5% of trading pf in

Will buy if it dips 12%

One to watch

S_M
Posted: 14 October 2017 06:20:23(UTC)
#68

Joined: 17/03/2011(UTC)
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340% profit so far and no reason to sell.

http://markets.businessi...al-Workforce-1001759296

Old Mutual shareholding aside, BPRSM have entered into a strategic partnership with professional services firm KPMG with a view to rolling out a tailored proposition.

Whilst I do not claim to be an expert in the field of robotics, I previously have worked for professional services firms. This alliance should be exciting news for holders of the stock. In my opinion, it's like securing multiple contracts in one foul swoop!

2 users thanked S_M for this post.
Micawber on 14/10/2017(UTC), J Thomas on 26/10/2017(UTC)
J Thomas
Posted: 26 October 2017 22:53:58(UTC)
#62

Joined: 22/02/2012(UTC)
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Micawber;51933 wrote:
Nothing like a growth company whose losses are increasing, eh?!

While the reporting year ends 31 October (and there might be leaks) as far as I recall the annual report is not published until January.

My remaining stake is showing me +740% in eighteen months, and about +197% during 2017, and yet again has risen to about twice what I would normally hold for an AIM share. I think that if this recent rise continues, I might trim again before the results....... how about you?


Apologies for not replying before Micawber, I have been on holiday in Tenerife for ten days.
I added to my Blue Prism holding on Monday the 23rd October, buying 1000 shares at £12.48 which have now increased 8.2% to £13.50.
The partnership with KPMG, and the strategic alliance with the Microsoft Azure network, appear to be the main drivers behind the most recent sp increase. No doubt there are other deals in the pipeline waiting to be announced.
Looking at the ownership of this £850 Million Cap stock, it appears to be about two thirds owned by the founding directors with circa £175 Million, and several large institutions led by Old Mutual who own some £126 Million of shares.
Small private investors like ourselves seem to make up well under 10% of the ownership. A classic takeover scenario.
I still believe in the medium to long term PRSM will be taken over by one of the US tech giants, at a substantial premium to the present sp.
One of the few ways we can protect ourselves from the inevitable deflation caused by artificial intelligence and robotic software is to buy the early stage shares in the companies who will regretfully make half of humankind redundant.
I continue to accumulate.

4 users thanked J Thomas for this post.
Micawber on 27/10/2017(UTC), c brown on 27/10/2017(UTC), Jeff Liddiard on 27/10/2017(UTC), S_M on 27/10/2017(UTC)
S_M
Posted: 15 November 2017 17:02:55(UTC)
#69

Joined: 17/03/2011(UTC)
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http://www.iii.co.uk/sto...te-blue-prism-group-plc

Encouraging broker note revising target price to £17.50, nice to hear, in what seems to be the start of a retracement of tech stocks.

The SP is also showing some resilience, after dropping like a stone this morning it recovered those losses and posted a modest gain.
1 user thanked S_M for this post.
J Thomas on 17/11/2017(UTC)
Mr Helpful
Posted: 15 November 2017 18:45:44(UTC)
#63

Joined: 04/11/2016(UTC)
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J Thomas;52475 wrote:

One of the few ways we can protect ourselves from the inevitable deflation caused by artificial intelligence and robotic software is to buy the early stage shares in the companies who will regretfully make half of humankind redundant.


When I started an apprenticeship in Measurement & Control (Automation) at an oil refinery back in 1959, it was generally assumed automation would reduce, even eliminate, the need for humans. Somehow it never happened, and we see just today record employment figures announced.
Remember the 'white heat of technology' anyone?
Think the Luddites had similar concerns?
How do we reconcile the seemingly obvious with history?
2 users thanked Mr Helpful for this post.
Hank Elvis Dobbs (texan) on 15/11/2017(UTC), Jim S on 15/11/2017(UTC)
S_M
Posted: 16 November 2017 04:37:07(UTC)
#64

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Mr Helpful;53324 wrote:
J Thomas;52475 wrote:

One of the few ways we can protect ourselves from the inevitable deflation caused by artificial intelligence and robotic software is to buy the early stage shares in the companies who will regretfully make half of humankind redundant.


When I started an apprenticeship in Measurement & Control (Automation) at an oil refinery back in 1959, it was generally assumed automation would reduce, even eliminate, the need for humans. Somehow it never happened, and we see just today record employment figures announced.
Remember the 'white heat of technology' anyone?
Think the Luddites had similar concerns?
How do we reconcile the seemingly obvious with history?


Different times, today a robot is capable of being more than a machine. A lot of back office roles will be redundant within the next 10-15 years, even more complex advisory roles will start to become automated.

Just to put this into perspective in the 80s as part of my A level computer science course we visited the met office, which at the time housed some of the most powerful computers in the UK. What took up the space of a large room then in terms of computer power can today be found on one chip.

If you can program a robot to play and beat competent poker players today, it won't be long before bots will be in a position to beat the financial markets at their own game. It's better to be ahead of the curve in my opinion. Technological advances are exponential. Compare the last 20 years with the previous 20. We are in the middle of a revolution.
1 user thanked S_M for this post.
Tim D on 16/11/2017(UTC)
Mr Helpful
Posted: 16 November 2017 09:58:54(UTC)
#65

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S_M;53331 wrote:

Technological advances are exponential. Compare the last 20 years with the previous 20. We are in the middle of a revolution.


Seemingly we have a choice of philosophies ?

1. "plus ça change, plus c'est la même chose"

2. "this time is different"

Cannot proffer a resolution or preference.
S_M
Posted: 16 November 2017 11:56:12(UTC)
#66

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Mr Helpful;53332 wrote:
S_M;53331 wrote:

Technological advances are exponential. Compare the last 20 years with the previous 20. We are in the middle of a revolution.


Seemingly we have a choice of philosophies ?

1. "plus ça change, plus c'est la même chose"

2. "this time is different"

Cannot proffer a resolution or preference.


Now you really are testing my 3rd year French! I will say the world is a constantly evolving place in so many ways. So I would say it's neither 1 or 2.
S_M
Posted: 24 November 2017 16:33:16(UTC)
#70

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This share now causing rebalancing problems with its meteoric rise. Originally represented 1.5% of my portfolio today it stands at over 7% with a near 500% rise. It's just smashed through £16 today.

What a lovely problem to have, normally I would be looking to reinvest profits but I cannot bring myself to sell a company that I 100% believe in. What are other investors exit strategies?
Micawber
Posted: 24 November 2017 16:46:52(UTC)
#71

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Yes, it's a nice problem. Having taken out twice my original stake early this year, I'm letting the rest run and it's already way over my normal max position for an AIM share. I guess the exit strategy would be a takeover bid (or selling on some dreadful AIM-type scandal calling the management or the share structure into serious question).

Meanwhile, my problem is that PRSM is in my fun pf, which is giving me CGT headaches (also contains SOPH, LTG and BGO) ..... so I might sell some and re-buy into ISA as and when CGT allowance permits. More of a revolving door strategy than an exit strategy.
2 users thanked Micawber for this post.
J Thomas on 24/11/2017(UTC), S_M on 25/11/2017(UTC)
c brown
Posted: 24 November 2017 17:34:55(UTC)
#73

Joined: 14/02/2013(UTC)
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I dawdled. Damn damn damn! Am I too late for Prism? My only 2 shares are IQE and Ketl.
S_M
Posted: 24 November 2017 18:50:55(UTC)
#72

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Micawber;53624 wrote:
Yes, it's a nice problem. Having taken out twice my original stake early this year, I'm letting the rest run and it's already way over my normal max position for an AIM share. I guess the exit strategy would be a takeover bid (or selling on some dreadful AIM-type scandal calling the management or the share structure into serious question).

Meanwhile, my problem is that PRSM is in my fun pf, which is giving me CGT headaches (also contains SOPH, LTG and BGO) ..... so I might sell some and re-buy into ISA as and when CGT allowance permits. More of a revolving door strategy than an exit strategy.


No tax problem here, it's part of the proceeds from ARMs sale last year and sits in a SIPP. If I had more of a gambling mentality and chucked the whole lot on, I would be looking at a £100k gain!

Nice to see a crypto currency type return within a real company.

Will let it run.
1 user thanked S_M for this post.
J Thomas on 24/11/2017(UTC)
J Thomas
Posted: 24 November 2017 22:46:08(UTC)
#74

Joined: 22/02/2012(UTC)
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A milestone for PRSM this week as it passed the £1 Billion Cap mark (£1.03 Billion as of todays fresh record close.)
There may be several reasons for the latest surge. Firstly, the brokers Whitman Howard reiterated a strong buy with a new price expectation of £17.50. Secondly PRSMs biggest shareholder, the Old Mutual UK Smaller Companies confirmed that PRSM was a major factor in the 40% annual increase in their fund. Thirdly, there would appear to be heavy US buying, and the fact that PRSM have a large presence in the States with four offices is undoubtedly a factor.
I realised a £20,000 gain earlier this year, and am now showing another near £25,000 paper profit; so the question must be asked ' How far can PRSM continue to rise?'
At an eye watering P/E of over 200, similar to my Amazon shares, it is now defying gravity.
Yet, for a company so far ahead of the curve in terms of AI and Robotic capability the valuation does not seem excessive to me, especially if we compare Blue Prism to the near $1 Trillion valuations of Apple, Microsoft, and Amazon, etc, one of which will likely take over PRSM in due course at a healthy premium.
I continue to accumulate; and thank you Micawber for recommending the shares last Summer after you researched them, it is very much appreciated.
4 users thanked J Thomas for this post.
Micawber on 24/11/2017(UTC), c brown on 24/11/2017(UTC), S_M on 25/11/2017(UTC), martin hargan on 25/11/2017(UTC)
laang lee
Posted: 29 November 2017 18:40:54(UTC)
#75

Joined: 29/11/2017(UTC)
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Wow...I first came across BluePrism at £6. What a roller coaster ride -hardly roller coaster - apart from the bumps it has been an upward ride. But who would've believed it taking factors like p/e ratios - company growth projections /where are the real profits into account - but sometimes a company Can cope with rapid growth. The Magic IS that some companies can do it, but most cannot. But of course most cannot - That is why Some Can.
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