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Currently @ 119
https://www.stockchallenge.co.uk/ftse.php
£3.32B Market Cap would take position 100
Currently the SP @ 439.90 gives £3.07b which is probably why its being held down until they are ready to let it in again
So 475 would do it up 8%
...and "Danny Lopez, chief executive of cybersecurity software firm Glasswall, said nearly all of his software engineers are based in the U.K. even though 90% of the company’s revenue comes from the U.S. Having a cheaper U.K. cost base makes his business more competitive in the U.S. market, he said.
“It is exponentially more expensive to hire in the U.S.,” said Lopez. “It really wouldn’t be realistic to move 50 engineers to the U.S. For a company of our size, it would have a huge financial impact.”
DARK gets constantly hammered for "low" R&D spend. What they never talk about is that R&D is simply much, much cheaper in the UK than in the US. Always mystified me why they don't highlight that. Today's WSJ: "The average salary for a back end software developer in the U.S. is near $130,000, though closer to $175,000 in cities such as San Francisco and New York, according to data from global recruitment agency Robert Half. In the U.K., a developer’s average salary is about $66,000."
What Share Price gets us back into ftse100?
People sell shares to take profit
People buy those shares to make a profit
Steviewonder77 - the RNS was only released this morning. You’d have thought they’d have been quicker off the mark, even with the Easter hols…….
It’s good news , wider shareholder base happening
Des/thats old news
I see KKR have sold down 2.5%ish ……
Yes if next results on around April 11 surpise then the short may need to short cover , and new big investors come in , and then we can be 525 p and consolidate at 80 p higher for a while
I'd like too see that last short below 1% as that will move things
Yes agree we are heading for 600 p first
We can not control
1. Interest rates ( but expected good direction)
2. ML case (likely he will not come out without a Fine at least)
3. Large shareholders needing to sell (some need to sell, but Dark doing global roadshow and now 12 analysts cover Dark )
4. Takeover bid timing (but very likely within 12 months)
5. Dark sales and profits (but in good direction)
As long as they stay on target or overachieve again keeping profitability increasing ARR & customers we should see the next foundation for growth now its has all reconsolidated above the 425 placing. Market Cap is still incredibly low vs completion with the ARR they are doing & customer growth. 500-550 should be easily realistic towards 600 if they deliver/over deliver.
May guess is April 11th next results , and a jump up to over 500 p, and hold around 500 p , give or take 2.389%
It is almost incoceivable a US entity would not make a Takeover bid , anytime after the ML issue cleared
Poppy will want more than 2000 p for all her 11 years work, so she would want to stay on and keep her shares somehow in any deal?
Watch the Share price April 13 around that date?
Any thoughts from HereKittyKitty or others?
LinkedIn
Twitter
Darktrace
Trading update for the march quarter will be out in Mid April, last year it was 13 April. It will be out as soon as it is ready.
New platform positioning – Darktrace LIVE
Our Chief Marketing Officer, Chris Kozup, has been hard at work with his team to create and launch brand new Darktrace positioning and product packaging. On April 9th (EMEA and US regions) and April 10th (APAC region), Darktrace will be hosting a live virtual event to showcase this shiny new AI positioning: https://darktrace.com/virtual-innovation-launch
For EMEA register here (April 9th)
For the US register here (April 9th)
For APAC register here (April 10th)
In addition, we are rolling out a complete in person roadshow, Darktrace LIVE, across 35+ cities - see where we're headed here.
I agree
But you’ve got to laugh that “ Peel Hunt raised concerns about the “relentless” pace of companies leaving markets as shareholders are also keen to agree to offers amid relatively weak performance by UK equities.”
When it is in fact Peel Hunt downgrading stocks & shorting them 🤔
Https://www.telegraph.co.uk/business/2024/04/03/ftse-100-latest-news-stock-exchange-brent-oil-eu-inflation/
Surely Darktrace has to be near the top of any list of undervalued companies to be taken over
It sounds like it could be amazingly good. Although, one false AI outcome, despite that being a common occurrence in the real world, would likely damage the reputation of the technology.
One will watch with interest.
Win/yeah,ive known about it for some time. Just waiting for it to come to the market. I would have thought it would make a good fit for RELX. If the directors hadnt been selling DT, this would be £6 today
Slightly off topic.
Luminance, the business is backed by Invoke Capital, the venture capital arm owned by controversial British entrepreneur Mike Lynch.
https://www.cnbc.com/2024/04/02/legal-tech-startup-luminance-rides-ai-hype-to-40-million-fundraise.html
Most of these sells are likely shares vesting and the owners having to sell to cover tax burdens. 3 years from IPO so highly likely to be the case for vesting period.