We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
Darn Poppy sold 150,00 shares with only 3,110,705 left
Totally cashed out
Got to love naff FT journalism
one concern about the improving capabilities of artificial intelligence (ai) is the potential for an increased volume of cyber attacks. to counter this, companies will need better defences, which should benefit cyber security company darktrace.
a year ago, it released research showing a 135 per cent increase in novel “social engineering attacks”. in other words, fraudsters are using generative ai products to write emails convincing people to share information and passwords.
it is not that darktrace is in desperate need of a tailwind. for the six months to december, revenue grew 27 per cent year on year to $330mn (£261mn), and adjusted operating profit rose 119 per cent to $71mn, due to increased “scale efficiencies”.
the theory with software companies is their margins expand as they grow. research and development costs should not increase as quickly as revenue because the product only needs tweaks once someone has designed it. that does not always play out because other bureaucratic and marketing costs stack up. the 105 per cent annual recurring revenue retention rate shows customers are generally happy with darktrace’s product.
alongside all this seemingly positive news, chief strategy officer nicole eagan decided to sell £3.9mn of shares across two transactions on march 15 and 19. on march 20, chief executive poppy gustafsson sold a further £701,000.
darktrace’s share price is still fighting to recover from a sell-off at the end of 2021, running through 2022. a combination of peel hunt’s ‘sell note”, “channel stuffing” accusations by *****essential capital management and rising interest rates meant the share price dropped 70 per cent between mid-2021 and mid-2023.
however, since then, an ey audit has cleared darktrace of *****essential’s accusations, and a series of positive results have shown profitability improving. the share price has risen 70 per cent in the last year, which could explain why the directors have cashed out.
directors’ deals, march 15-22 2024
sell
darktrace
nicole eagan
15-19 mar 24
price (p)
482
aggregate value (£)
3,939,994
poppy gustafsson (ceo)
20 mar 24
price (p)
468
aggregate value (£)
701,310
one concern about the improving capabilities of artificial intelligence (ai) is the potential for an increased volume of cyber attacks. to counter this, companies will need better defences, which should benefit cyber security company darktrace.
a year ago, it released research showing a 135 per cent increase in novel “social engineering attacks”. in other words, fraudsters are using generative ai products to write emails convincing people to share information and passwords.
it is not that darktrace is in desperate need of a tailwind. for the six months to december, revenue grew 27 per cent year on year to $330mn (£261mn), and adjusted operating profit rose 119 per cent to $71mn, due to increased “scale efficiencies”.
the theory with software companies is their margins expand as they grow. research and development costs should not increase as quickly as revenue because the product only needs tweaks once someone has designed it. that does not always play out because other bureaucratic and marketing costs stack up. the 105 per cent annual recurring revenue retention rate shows customers are generally happy with darktrace’s product.
alongside all this seemingly positive news, chief strategy officer nicole eagan decided to sell £3.9mn of shares across two transactions on march 15 and 19. on march 20, chief executive poppy gustafsson sold a further £701,000.
darktrace’s share price is still fighting to recover from a sell-off at the end of 2021, running through 2022. a combination of peel hunt’s ‘sell note”, “channel stuffing” accusations by *****essential capital management and rising interest rates meant the share price dropped 70 per cent between mid-2021 and mid-2023.
however, since then, an ey audit has cleared darktrace of *****essential’s accusations, and a series of positive results have shown profitability improving. the share price has risen 70 per cent in the last year, which could explain why the directors have cashed out.
this month, the company confirmed the deal with swisscom to sell its italian business for €8bn (£6.87bn). it then confirmed it would be halving its dividend and starting a buyback programme while being able to pay off some of its over €50bn debt pile.
an optimist might point to its organic service revenue which grew 4.7 per cent in the last quarter. in particular, the company highlighted its vodacom businesses in africa, where service revenue rose 8.8 per cent, while its cloud and “internet of things” service grew over 20 per cent.
in a vote of confidence for the direction of the business, chief financial officer luka mucic has just purchased £1.69mn worth of shares in the company.
after almost a decade of underperforming, history suggests a turnaround is not imminent. but at least, trading at just 10 times its forward earnings, vodafone’s valuation may look like an opportunity to some investors.
directors’ deals, march 15-22 2024
Https://edition.cnn.com/2024/03/31/politics/navalny-russian-prisoner-database-hack/index.html
Great post Win
Yes agree Clued - Poppy very different to Trumps media vehicle which would collapse if he were not elected
Reader61, I would guess that the FT article, without reading it, simply states the two recent director share sales without placing enough importance on their remaining much greater unsold share holdings !!
CR888, you must know Poppy very well when saying "Poppy wants 3000 p not 1000 p if she were to sell out after her work on her baby of 11 years !" !!
I certainly wouldn't use the corrupt sociopathic narcissistic criminal Donald Trump as a figure to compare DARK and Poppy's potential achievements, and especially given the Mike Lynch connections !!
Yes, the signs of growth are now more apparent. In my view, this year will see continued significant progress in cybersecurity, with DT increasingly establishing itself as a prominent player in the field.
The potential improvement in the overall macroeconomic environment, including the prospect of lower interest rates, is likely to release customer budgets, enabling them to reinvest in their businesses. Bigger clients will join the ranks, with FedRAMP designation being the key catalyst for boosting growth. Being featured in the FedRAMP marketplace signifies a significant milestone, greatly amplifying DT. Securing this certification essentially paves the way for DT to effectively target and expand its presence in government sectors.
1. Access to a Lucrative Market: The US government is one of the largest consumers of cybersecurity services and products. Being listed on the FedRAMP Marketplace opens doors to lucrative opportunities within this market segment.
2. Enhanced Credibility and Trust: Being listed on the FedRAMP Marketplace demonstrates that the company's products or services have met stringent security standards set by the US government. This enhances credibility and trust not only among government agencies but also among private sector clients who value rigorous security measures.
3. Competitive Advantage: Official listing on the FedRAMP Marketplace provides a competitive edge over other cybersecurity companies that may not have obtained this certification. It signals to potential clients that the company is committed to maintaining high standards of security and compliance.
4. Streamlined Procurement Processes: Government agencies often prefer to work with vendors listed on the FedRAMP Marketplace because it streamlines the procurement process. This can lead to faster contract awards and smoother project implementations.
5. Opportunities for Expansion and Growth: Access to the US government market can serve as a launching pad for further expansion into other sectors within the US and internationally. It opens up avenues for growth and revenue diversification.
Overall, being listed on the FedRAMP Marketplace can significantly bolster the reputation, market reach, and revenue potential of a UK-based cybersecurity company.
Read this on MSN this am but don't have the paywall access.