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B PRSM
Micawber
Posted: 22 May 2017 13:20:16(UTC)
#41

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Well, in January I took out profit to the tune of twice my stake and kept my original £stake which is currently showing 498% profit and has again crept over my normal threshold for an AIM holding.

The impressive thing (to me) about Blue Prism is the operational savings that customers implementing its systems report - of the order of 30%.

I'm not going to add to my holding, but am very happy to continue with what, for me, is now a free lunch and more. Overall, what I call my fun pf is up 28% in nearly five months, with others among the 11 stocks in it including Sophos and Learning Technologies, and I am having to manage potential CGT liabilities.
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J Thomas on 22/05/2017(UTC)
J Thomas
Posted: 22 May 2017 22:59:42(UTC)
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I bought a fourth tranche of Blue Prism this afternoon at £8.90, off its high of £9.40 earlier in the morning. The shares were the subject of heavy selling and profit taking all day, yet were still showing gains at the close of 3.5%, with heavy buying at 4.30pm from institutions pushing the sp up to £9.14 after hours.
With a very limited share float, it appears more money is simply being offered to persuade small investors to sell up.
This latest buy takes my holding up to my third largest, and the profit from B PRSM has now entirely used up my CGT allowance for 2017/18 so tax planning is now required.
Going forward, much will now depend on the results due out at the end of June, and investors appear to be buying ahead of these.
As I may have mentioned previously, I take the 'Barbell' approach to investing; that is using the dividends and capital gains from bond proxies such as SSE, AZN, Shell B, etc to buy shares in the more exotic B PRSM, Apple, Amazon, etc.
This idea has worked very well over the last two years, with my AUM up 63.85% over 21 months, although of course the past is of limited guidance to the future.
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Micawber on 23/05/2017(UTC), Mickey on 23/05/2017(UTC)
S_M
Posted: 23 May 2017 06:23:52(UTC)
#43

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J Thomas;47066 wrote:
I bought a fourth tranche of Blue Prism this afternoon at £8.90, off its high of £9.40 earlier in the morning. The shares were the subject of heavy selling and profit taking all day, yet were still showing gains at the close of 3.5%, with heavy buying at 4.30pm from institutions pushing the sp up to £9.14 after hours.
With a very limited share float, it appears more money is simply being offered to persuade small investors to sell up.
This latest buy takes my holding up to my third largest, and the profit from B PRSM has now entirely used up my CGT allowance for 2017/18 so tax planning is now required.
Going forward, much will now depend on the results due out at the end of June, and investors appear to be buying ahead of these.
As I may have mentioned previously, I take the 'Barbell' approach to investing; that is using the dividends and capital gains from bond proxies such as SSE, AZN, Shell B, etc to buy shares in the more exotic B PRSM, Apple, Amazon, etc.
This idea has worked very well over the last two years, with my AUM up 63.85% over 21 months, although of course the past is of limited guidance to the future.


It takes nerves of steel to top up at these levels, but your strategy of re-investing dividends seems to make perfect sense to me. I don't have an income producing portfolio, so will either need to fund any extra shares out of cash holdings or the proceeds of another share sale.

For the time being I am sitting on the sidelines, and more inclined to top up on the likes of purplebricks which also has had an amazing run since floatation.

So glad that I don't have a CGT problem, most of my investments are held within SIPPs/ISAs and I wouldn't really be inclined to invest in companies that may create an additional tax liability by holding them outside of a tax wrapper. I certainly would be looking at EIS/VCTs if I had the urge to invest in start ups etc.
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J Thomas on 23/05/2017(UTC)
J Thomas
Posted: 30 May 2017 21:58:12(UTC)
#45

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B PRSM at yet another fresh high today, up another 4.3%. Does anyone know the reason; there seems to be no news or announcements anywhere that I can find.
I still gain the impression brokers are trying to tempt smaller investors to sell their shares in the very limited 38 million share float which is available to invest in. I note Old Mutual increased their holding to 6.3% last week.
I'm afraid like the fact or not, robotic software automation and AI is the future, indeed much more important to humanity than the recent and impending elections here and abroad.
If only the UK had another few hundred companies similar to Blue Prism we would be leading the world into the future.
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Micawber on 31/05/2017(UTC)
S_M
Posted: 07 June 2017 14:33:51(UTC)
#46

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SP thumped over the last 2 days down 15%, always was on the cards. I am quite relieved to be honest. If this carries on will look to top up.
J Thomas
Posted: 07 June 2017 16:12:57(UTC)
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Sold out of my entire holding today at £8.02. I didn't like the look of the fall over the last couple of days with the results due out at the end of June. I still believe Blue Prism is a great Company however 15% falls in a couple of days are a lot less exciting than the 15% gains we have been used to.
The other reason for selling was this holding is outside an ISA, and the fall brought me back under the annual CGT allowance, therefor any gain above this was going to be taxed.
So, selling for £19320 a stock which has cost me £9789 equals a gain of £9531 over ten months.
That's a gain of over 100%; a fantastic return and as the old saying goes ' You'll never go bust taking a profit.'
I may buy back in the future, and may have sellers regret in disposing at this price of course.
In the interim I am keeping the profits in cash until after the election, perhaps I should just buy more Unilever.
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Micawber on 08/06/2017(UTC), c brown on 16/06/2017(UTC)
S_M
Posted: 07 June 2017 18:19:29(UTC)
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J Thomas;47704 wrote:

Sold out of my entire holding today at £8.02. I didn't like the look of the fall over the last couple of days with the results due out at the end of June. I still believe Blue Prism is a great Company however 15% falls in a couple of days are a lot less exciting than the 15% gains we have been used to.
The other reason for selling was this holding is outside an ISA, and the fall brought me back under the annual CGT allowance, therefor any gain above this was going to be taxed.
So, selling for £19320 a stock which has cost me £9789 equals a gain of £9531 over ten months.
That's a gain of over 100%; a fantastic return and as the old saying goes ' You'll never go bust taking a profit.'
I may buy back in the future, and may have sellers regret in disposing at this price of course.
In the interim I am keeping the profits in cash until after the election, perhaps I should just buy more Unilever.


That's an amazing return, well done. My initial investment was only £2k its worth nearly £6k now and it sits with the tax wrapper of a SIPP, therefore no tax considerations here. I am more than happy to take a bumpy ride and top up if the price goes below £6.50. Its such an insignificant % of my portfolio that if they went bust (which is very unlikely) it wouldn't be the end of the world. I have another star performer Purplebricks which seems to have taken on the baton at this time!
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J Thomas on 07/06/2017(UTC), c brown on 16/06/2017(UTC)
S_M
Posted: 16 June 2017 06:03:57(UTC)
#49

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Not surprised that B PRSM has seen a significant retracement as tech stocks valuations are starting to be questioned. I still believe in the company and will be tempted to top up at anything sub £5.50-£6, as usual in a small way.

I now have a wall of cash following yesterdays disposals waiting to be put to use, over what I believe will be a testing summer for markets.
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Jim S on 16/06/2017(UTC), J Thomas on 16/06/2017(UTC), c brown on 16/06/2017(UTC)
J Thomas
Posted: 16 June 2017 14:34:05(UTC)
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In hindsight, it appears to have been the correct move to sell my holding at £8.02 last week, although the sp did climb back up to £8.85 a couple of days later so perhaps I got off the train one stop too early. B PRSM is now trading below £7.00 as I write this and like you SM I would be tempted to buy back in at a price below £6.00.
However we saw in the last tech boom in 2000 when stellar returns were replaced by 90 - 100% losses in a few months how quickly the tide can turn. I would add that I still believe B PRSM is a great company with excellent long term potential.
I used the near £20,000 proceeds from B PRSM to purchase and add to the following:

Royal Dutch Shell B £4,000 - dividend income and potential growth.
AstraZeneca £4,000 - dividend income and potential growth.
Polar Capital Holdings £4,000 - dividend income and potential growth.
PayPal Holdings £4,000 - US market, potential growth.
Estee Lauder Cosmetics £4000 - US market, potential growth, small dividend.

You will notice the above companies obtain almost all their earnings outside the UK.
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Jim S on 16/06/2017(UTC), c brown on 16/06/2017(UTC)
S_M
Posted: 16 June 2017 16:42:08(UTC)
#51

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J Thomas;47988 wrote:

In hindsight, it appears to have been the correct move to sell my holding at £8.02 last week, although the sp did climb back up to £8.85 a couple of days later so perhaps I got off the train one stop too early. B PRSM is now trading below £7.00 as I write this and like you SM I would be tempted to buy back in at a price below £6.00.
However we saw in the last tech boom in 2000 when stellar returns were replaced by 90 - 100% losses in a few months how quickly the tide can turn. I would add that I still believe B PRSM is a great company with excellent long term potential.
I used the near £20,000 proceeds from B PRSM to purchase and add to the following:

Royal Dutch Shell B £4,000 - dividend income and potential growth.
AstraZeneca £4,000 - dividend income and potential growth.
Polar Capital Holdings £4,000 - dividend income and potential growth.
PayPal Holdings £4,000 - US market, potential growth.
Estee Lauder Cosmetics £4000 - US market, potential growth, small dividend.

You will notice the above companies obtain almost all their earnings outside the UK.


Seems like a very sensible thing to do. I am still at least 10/11 years from needing to draw an income from my portfolio.Therefore, I still retain my original holding.

With regard to B PRSM yes we could have the doomsday scenario of 90% losses but good quality stocks/companies always prevail in the longer term. ARM holdings was battered down to the best part of £1 just after the tech bubble burst, and last year nearly 13 years later it was sold to SoftBank for around £16 a share. Robotics has a massive future ahead of it, I guess it's just a question of whether the management of B PRSM can tap into the potential. From what I have seen so far, on the limited news flow they seem to be doing a good job. The results out at the end of this month hopefully should further back that up.
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J Thomas on 16/06/2017(UTC)
RWM
Posted: 20 June 2017 21:22:13(UTC)
#52

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I took a 20% gain for a few weeks work and sold out of Blue Prism. The volatility of the stock is a bit too much for my liking. I do think this could be a great business and the potential is huge - robotics and automation will become more prevalent in years to come. However, for a business with such small revenue at present, I think the current market value is hard to justify and don't think the fundamentals support the current share price.

Could well be proved wrong, but happy to bank a small profit and move my money elsewhere for the time being
J Thomas
Posted: 18 August 2017 21:13:44(UTC)
#53

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B PRSM really must be my guilty pleasure. Like a moth to a flame; I missed owning it so much I bought back in on Tuesday at £9.31. Closing today at £9.89 equals a gain of 6% over four days which means I have been either extremely lucky or the market knows information I do not.
There was a strong buy recommendation in the Telegraph last weekend which may have attracted modest private buyers, although most of the buys have been large institutional investors as far as I can see from the LSE reporting.
Just curious to note if anyone other investor is buying or selling B PRSM at these prices, I don't expect the 400% share increase of the last year to be repeated although I still believe the trajectory is upwards.
Also pleasing to note Clinique owner Estee Lauder is trading up 7.95% today on the NYSE after positive sentiment. I really do believe prime global companies in the exclusive skincare, cosmetics, and perfume sector are wonderful investments which will only generate ever more cash over the next decades. Estee Lauder also pays a small dividend.
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gillyann on 31/08/2017(UTC)
J Thomas
Posted: 30 August 2017 22:30:18(UTC)
#54

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Although I am but a young 53 these quotations have always been among my favourites. Name the characters to receive a free thanks.

'In one thing you have not changed, dear friend,' said ----: 'you still speak in riddles.'
'What? In riddles?' said ----. 'No! For I was talking aloud to myself. A habit of the old: they choose the wisest person present to speak to; the long explanations needed by the young are wearying.' He laughed, but the sound now seemed warm and kindly as a gleam of sunshine.

I feel as though I now almost own this Blue Prism thread, although it is constructive to write down my thoughts.
The shares are up 20% to £11.10 (intraday high of £11.52) since I repurchased a fortnight ago, to another all time high, presumably on more heavy institutional buying. PRSM are now my best ever share holding, with a near 400% return on capital in just over twelve months.
I continue to hold and accumulate.
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Jon Snow on 30/08/2017(UTC), gillyann on 31/08/2017(UTC)
S_M
Posted: 31 August 2017 06:53:00(UTC)
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I haven't sold yet, sitting on a near 300% return now in 11 months, and as stated before hold BPRSM for the long term. Trying to ignore daily movements is hard when it shoots up 11% in one day!

I only invested £2k originally, so even if the company goes bust whilst I will be disappointed (as much that it is a pioneering UK entity) it's not the end of the world. I am not even close to being tempted to sell, this is one company with its client bank, reputation in the market and future prospects that could truly shoot for the stars.
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J Thomas on 31/08/2017(UTC)
Betty G
Posted: 31 August 2017 07:11:43(UTC)
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J Thomas;50506 wrote:
Although .

I feel as though I now almost own this Blue Prism thread, although it is constructive to write down my thoughts.
The shares are up 20% to £11.10 (intraday high of £11.52) since I repurchased a fortnight ago, to another all time high, presumably on more heavy institutional buying. PRSM are now my best ever share holding, with a near 400% return on capital in just over twelve months.
I continue to hold and accumulate.


Good morning JT. yes, Prsm is indeed the gift that keeps on giving. A 700 million mkt cap now so don't confuse this company with a 'tiddler'.
When you sold out in June at £8 and said that you'd repurchase if the price went below £6, ( the current sp is £11) you'd have been well served taking Warrens advice; "When it's raining gold, reach for a bucket, not a thimble"
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Guest on 31/08/2017(UTC), J Thomas on 31/08/2017(UTC)
Micawber
Posted: 31 August 2017 22:05:07(UTC)
#57

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Though in January I took out twice my original stake in profits (redeployed to the likes of Bango, BOO, JUST and EGS, and very recently GFIN), my remaining holding in PRSM is now up 650% since I brought the share to the attention of these forums, and again exceeding my normal limit for an AIM share. I'll hold. I think of it as free money.
S_M
Posted: 01 September 2017 14:06:21(UTC)
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Someone got fat finger with BPRSM today, the stock fell 10% and recovered in the space of an hour. Perhaps it's starting to get a bit frothy.
J Thomas
Posted: 01 September 2017 19:06:44(UTC)
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Remarkable.
The price falls 10% at 12.15pm and fully recovers within half an hour? I only wish I had known for I would have accumulated more shares during this time.
Perhaps the LSE should investigate exactly who was trading at this period.
Truly remarkable.
J Thomas
Posted: 12 October 2017 22:03:07(UTC)
#60

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Blue Prism closing at another all time high today at £12.60. The price is up 8.81% today and 2.75% yesterday. The annual results are out at the end of October so there could be market speculation or knowledge these will be well received perhaps.
I see Old Mutual have just increased their stake from 9% to 18% of the company shares, so the large institutions are making a superb return on capital; probably by reading forums such as these actually....
How long can the PRSM run continue? The market cap is now almost £800 Million, if the annual results continue to show strong organic growth I would expect the £1 Billion cap mark to be attained next month.
I continue to hold and accumulate on dips.
Micawber
Posted: 13 October 2017 08:59:56(UTC)
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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?
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