Is this AIM’s next global superstar….or just another wacky valuation?
The stratospheric valuation of Blue Prism (AIM:PRSM) defies belief, but there are some knowledgeable enthusiasts who consider the shares are still a bargain and that this business could be AIM’s next global superstar. Our latest Blog takes a closer look
The Blue Prism® website proudly claims it invented the term Robotic Process Automation (‘RPA’), a field in which it is also a ‘global leader’. You can’t question their chutzpah! The Group’s software platform enables the automation of manual, rules based, back office administrative processes, thereby reducing cost and apparently improving accuracy. Current users of Blue Prism’s technology include; The Co-operative Banking Group (hardly the greatest reference), Shop Direct, RWE npower, Fidelity Investments, the NHS and O2. It’s evident that robots are encroaching into all walks of life but not so clear that this tiny AIM business is a global leader,…