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It’s all peanuts now either way 610 - 620 - 625 🤷♂️
1.27/1.25/1.24
Dead money that could make more in a savings account even 😇 605 to 620 2.48% gain
You’d have 6-8 months to make more than that
Not a good reason to hold based on GBP/USD
Dollar is getting weaker against GBP
https://www.fxstreet.com/amp/news/gbp-usd-gains-traction-above-12500-fed-keeps-rates-steady-202405012312
All forecasts say 1.27 going 1.30 by end of year into 1.4 2025
I am praying for 10 usd final offer :)
But just cautiously optimistic that something extra can happen . Can live with a no vote and with current offer , but honestly too cheap not given Dark progress and trajectory !
Yes true Sheltie
It’s like losing a beloved wife too early , and finding a new wife 205 years younger with a lot of energy to keep me young ( or maybe girlfriend )
Actually after the next 2 bids to 720 and then final at 820 p ( within 42 days , 42 is the number that represents the meaning of life in a well know book ) I need to switch into shares that will wither be dividend aristocrats , or have 50 per cent upside in next 3 years
Probably 6 to 8 shares or funds ? So your best ideas on reasonably sized shares or funds are welcome in next 42 days
My back up plan is just to buy what ever Sheltie is buying … Lloyds or RR and follow is groups religiously
As a man of a certain age I got the reference straight away and it made me chuckle.
CR888 and others, will there be the option to receive in USD (7.75 per share or higher if bid increased) or do wait for the "terms" ?
Of course they did. They know it's over here. TB own DT.
Zero point holding shares in DT now.
Qube Research & Technologies reduced its net short position in Darktrace PLC by 13.79% to 5.25 million shares!!!
(sorry, I think you need to be 45 plus for that line to mean anything)
DIdn't you know? CR888 is TB. He loved it so much he bought the Company :-)
CR888 - what on earth will you do with your days, when Darktrace is no longer here!? You have invested hundreds of hours of your time - and posted quite literally thousands of times here, on just this one company!?
You're going to feel very lost, as TB own this company now; or at least they will, very soon. . . .
This site gives a time-line for the take-over process by a SoA.
https://resourcehub.bakermckenzie.com/pl-pl/resources/global-public-ma-guide/europe-middle-east-and-africa/united-kingdom/topics/timeline
I received an Announcement Letter today, so I assume we are at “A” in the process. The time-line gives an indicative date for the latest possible counter offer - about 30days from the Announcement (“A”) or now.
CR888 - no one was comparing the two scenarios……. It’s yet another British company delisting from London. The City is haemorrhaging at a n alarming rate
Of course they approve because they still can keep their shares !
Dark shareholders can’t
So different case !
Flutter’s shareholders have approved the gambling giant’s plans to move its primary stock market listing from London to New York, dealing a fresh blow to the City.
Around 98pc of investors voted in favour of the Paddy Power owner’s shift across the Atlantic at a meeting today, as the company seeks to cash in on rising demand for sports betting in the US.
It is thought the move, which will become active at the end of the month, will prompt Flutter’s inclusion in America’s S&P 500 index.
If I new bid happens , when is most likely
My guess is from 3 weeks to 6 weeks
If nothing happens by 6 weeks then this current offer might be final unless a no vote
Desertsands - very good point...who is hoovering up these shares? of course there is exchange rate risk..
Maybe some punters who hope there will be a bidding war too....infact some Darktrace Directors may know first if Jeffries is seriously trying to start a bidding war....
honestly not worth the trouble buying unless there is a new higher bidder
Undecided atm, I'm in no rush but CLON, POLB and SVML are all on my radar.
AI - “ Question: Can Thoma Bravo or someone aligned with them just hoover up these shares being sold in order to increase their percentage of shares for the vote? “
HKK - “ Makes total sense - why pay 620 when you can hoover them up at 600 now”
Wouldn’t this be considered a closed period ?
KCRCR where will you invest next :)
Today the Fed Powell will make announcement , tonight watch
He will say inflation still too high and at best maintain current interest rates (any cut delayed). Therefore dollar strenght most likely in next 3 to 6 months , and implied Pound weekness....also UK might cut interest rates earlier than USA
so 620 p achievable
However I am not that interested in the exchange rate, i am more interested in whether Jeffries or others can find a new buyer at higher price within 6 weeks
Fully agree, if you only expect 620 will happen at best, sell now and invest elsewhere.
If you believe extra bidder will come within 6 weeks then Hold
Well I was planning to be a lth here having been invested since 2022 but after all the shenanigans of last years failed takeover and the latest "offer" I've decided to take my profit thank you very much. The difference between 602 now and 620 in 6 months time is negligible after taking account of interest rates on cash and speculation of fx rates. In the meantime I will watch from a distance how this pans out and can always get back in if the bid should fail. GLA.
Not results - rns!
Market would know who is buying large quantities of shares as those would have to notified by results when the various thresholds reached.