Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The great news is only 1 per cent around of shares are on loan - so actually the shorts are small and so Dark can and will go up !
Watchman - thanks your feedback , I am listening
If Darks value goes from 6 X sales to 10 X sales that is an increase of 4 X sales from 6 X
4/6 = 66 per cent up ( not 75 per cent I agree but in next 3 months Dark can grow 10 to 15 per cent easily … making the 75 per cent ) :):)
Can someone study Price to Sales for Dark and bench mark with other similar companies … I am saying 10 X is normal in software industry and we are below that number of 10
Sentinel One now maybe 40 X , Crowdstrike 30 X ? Can someone perhaps check
GAFG, there is no point engaging. Mr anonymous picks the numbers he likes and ignores everything - and I mean everything else and then spouts absolute tosh "Valuation … Price to sales … if 6 X is current level then easily Dark could jump 75 per cent and be at 10 X!". Any newbies ignore.
I see your point Getagrip - 67000 usd per customer on average is a number I can confirm .
There are of course Multimillion pound customers and smaller customers , and Churn …
Let’s try to confirm where that number of 67000 usd average came from to make sure it’s correct
Valuation … Price to sales … if 6 X is current level then easily Dark could jump 75 per cent and be at 10 X
Sentinel One and Crowdstrike have huge Price to sales in comparison! So Dark clearly a bargain share given its growth !
Charles - $ or £'s it's still very high on the Hyperbole-ometer. If the average customer spends $67,000 a year and there are 6500 of them and climbing. That bangs the revenue up to $435,500,000!
Gordon Hurst Chairman of Darktrace statement at the AGM on November the 24th 2021 was:
"For FY2021 our YOY revenue grew 41% alongside a revenue CAGR of 52% from 2018 to 2021. This exceptional financial profile is further bolstered by $343m of ARR and a revenue number for the FY2021 of $281m."
One or all of these figures are not right or probably exaggerated! Even if 40% is added to the FY2021 actual revenue of $281m, it only comes to $393.4m. The Dark revenue forecast for 2022 looks overstated on these figures by approaching 10%.
I have this “ Magic “ feeling Big institutional Funds are starting to accumulate even today !
https://equiniti.com/uk/
This company apparently follows shares on loan , now down to around 1 per cent only ( December was 4 around )
Does anyone have access to Equiniti
Getagrip average revenue per customer 67000 Usd ( sadly not 67000 pounds yet ! )
To be fair they need to start finding some investors to take a chunk of AB shares when she has to dump them.
Kick - well done - spot on posts ! Subtle but right …
I have a few new pieces of information …in December shares on loan were 4 per cent , now only 1 per cent ( see Equinity website ) ! Actually Shadiwfalll has almost no shorts of any now is what I hear ( they did start in October )
Dark is doing well … this week 15 Institutional big investors attend Cambridge event and met management …
Also Virtual meetings held this week with dozens of Institutional investors and more meetings around the world at Events
Their technology is great best in class
Next big event for updates will be early March ( a full update for last 6 months of 2021 )
The top management are keen to deliver good business performance that reflects in share price ( they are mainly rewarded if shares do well too )
The valuation method used in market is EV method commonly used , Darks price to sales is now around 6 times , Sentinel One was 80 at peak , Dark is growing 50 per cent … share is a bargain !
they also want as much 'value' as they can get; so, stocks with Dividends, are likely to be right up there at the top of the list, for when they do go shopping. Rotating out of one sector, to move into another, as and when they're in [or out] of vogue, is always a factor to keep in mind too. They always know of this long before the likes of us, as Kick has just mentioned!
He was saying that they already started positioning for the correction over 3 months ago. They expect it to to level off early and may look at opening new positions in Growth middle of this year.
Did though say look for businesses that offer a service other than manufacturing they will be less hit by Inflation.
That was the 2nd of his 3 obvious statements he made.
Kick - exactly my point from earlier this morning. They will sit tight - maybe until as far as the autumn I reckon. But for now, I do not see any reason for Funds to potentially over-pay, yet again. Let's face it, they've certainly not done very well with their DT buying to date!! Ouch :(
Kick did the broker say why funds aren't buying Darktrace yet?
Was chatting to a broker last night discussing current market. Stated the obvious easy to sell value stocks than growth but some are already at a premium so don’t get caught in the trap.
Discussed tech and unlike what you see in the press even though we are seeing a correction it will be nothing like 2000. Large Tech has moved on from where it was then and supports economy more than it did 22 years ago.
Talked about a fair few companies and DT was one. In his words good company with great potential but nobody is jumping in big yet will only be the tracker funds.
I wonder when new big Funds will pull the trigger
I see we are back on the Large Funds hype. Still waiting for them after kitty hyped them 4 months ago. They’ve still not joined the party though.
Is there any fund,etf that has bought into this yet.
Looking forward to these highly elusive RNS's saying that Funds have bought in here! But they just don't come, do they?! Hope Springs Eternal. One day....
Getagrip maybe ask Investor relations ? See if they can answer your great questions?
Getagrip and Steviewonder - great posts … yes Buffetology bought in
Dark is meeting and has met recently. let’s say3 dozen funds or more , half of which are considering to invest …
Today low volume, a million shares … nothing happened … Sentinel One up 8 per cent Crowdstrike also Up
Are investors waiting Priti Patel ?
She/Do you think fund managers can time the market,maybe they have a crystal ball. If so,why did the Buffettology Fund buy into the last placing.
Dark does not readily lend itself to a standard accounts book definition of how Gross Margin is calculated:
Konstantin Valchev in Openview VC Insights stated:
"When we at OpenView consider a company for venture funding, the Gross Margin is an important indicator of how profitable and scalable the business is. When a company that looks to raise venture capital funding is a SaaS company, the criterion for the Gross Margin does change.
Typically, a good SaaS business model should have a gross margin of about 80-90%. This means that the Cost of Goods Sold should be around 10-20% of the total Revenue.
The product that the SaaS companies provide is a software enabled service, mainly delivered over the Internet. Therefore, the items that comprise the COGS for this business model are different from those found in the COGS of traditional Software businesses.
This is a list of the general costs that comprise the COGS for a SaaS business and are not part of the Operating Expenses:
Application hosting and monitoring costs
Customer support and account management costs
Data communication expense
Software license fees for products embedded in the application
Website development and support costs
Professional services and training personnel costs
Costs of subscriptions"
What I am trying to get across is that Dark might claim 90% Gross Margin, but you need to have some idea what criteria they use to calculate this!
I see no reason for Funds to buy in here, when it's very likely to go lower. They will wait as they aren't stupid. I also would not describe DT as a 'rollercoaster'. It spiked immediately post IPO and has been in freefall ever since mid October 2021! 'Car Crash' might be more accurate though!
It's valuation is higher but SP performance is roller coaster like DT.
BB check out S1 revs to MCap ratio vs dark... Still at a $10bn valuation.