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TA1 - if they are bean counters as you say, they will be almost certainly be using DCF analysis and will have taken a view on future Free Cash Flows. These would seem to me to be pessimistic - perhaps because as you say “they are incapable of creative thought”. The point I was trying to make is that this could have been deliberately so in order to negatively influence the market. Anyway it is a pity so many punters pay so much attention to broker’s views - IMHO IIT is best to follow one’s own analysis and judgement.
Lending
“ I would suggest that JPM know exactly what they are doing and why they are doing it..”
Are you kidding?
JPM, like all brokerages, employ beancounters to number crunch. I’ve spent a lot of time in their company and can tell you they are incapable of creative thought…
That’s why they’re beancounters!
Seaking
“In my view the best way you can be safe is to only invest in the 100 which most of my shares are “
Interestingly Morrisons and Meggitt both got demoted from the ftse 100. I went on to make a killing out of both under the view both had been badly mis-valued.
And I bought into Johnson Mathey as soon as they got relegated and made good money on them too.
Meggitt and Morrison were both taken over shortly after demotion. Johnson Mathey have risen on bid speculation.
UK markets may be too dumb to value its most valuable companies fairly but more intelligent entities in the outside world aren’t . So next time you see a trashed out British company don’t follow the herd - exploit the market’s obtuseness and buy. Stupidity is a factor that cries out to be exploited and you won’t find any greater stupidity than in UK markets.
Bobaocaca - I would suggest that JPM know exactly what they are doing and why they are doing it.. The question to mind is whether their analysis is professionally objective or subjective due to a conflict of interests. Broker’s views are just opinions anyway- neither right or wrong in the absolute sense. Some use TA, or FA - sophisticated or otherwise -, or their gut feeling or come up with a recommendation to influence the market. Best treated, in my view, with a great deal of caution unless one knows how they arrive at their view or has confidence in the individuals involved.
Peel hunt and beranberg views should tell you a lot about broker views . TAKE no notice of these pricks , systems bent in the brokers favour and the rest of the market so tread carefully.
In my view the best way you can be safe is to only invest in the 100 which most of my shares are . although some drop .stick with the intention of maybe having to wait if things go wrong . I have a few companies which are definitely a gamble but only small amounts of cash so if I lose no problem and they are long term hopefuls 2-5 years. Dark long term 5 years by then maybe taken out.
JPM acts like an amateur. Instead of working out the price target from some financial numbers, they simply said "oh, the SP fell to around 320p a few days ago due to Autonomy news, so let's make that the price target". What an idiot.
Sheltie
“Berenberg should be ashamed of themselves, with their ridiculous £10 target price.”
I’d say JPM’s price target was far more ridiculous. I don’t know what Vectra’s valuation is but I bet it’s double triple or quadruple Darktrace’s.
Darktrace’s misfortune is belonging to the world’s most obtuse market index. A market that willfully trashed its most valuable companies. And a market that affords no protection against hyena hedge funds.
As we move towards an evermore futuristic world of artificial intelligence demand for Darktrace’s products will soar. It wouldn’t surprise me to see Darktrace adverts all over the set of Bladerunner 3 (the sequel set in 2099) This company could easily be worth hundreds of billions one day unless…
The Subs make good their threat to nuke the civilized world and destroy our planet.
But if that happens nothing else will matter - least of all shareprices.
The stock market has never been so manipulated and many SP’s at a disconnect with company fundamentals. BUT, the manipulation cannot last forever if all keep their heads as is being seen with the likes of THG. If DT keeps winning new business, retaining clients and growing revenue, the fundamentals with regards to valuation and SP have to realign at some point - it’s just when the ‘manipulators’ are either ready or get burned!!!!! GLA
Personally, I think Peel Hunt and JP Morgan have been spot on. I think this will be sub £4 for months, not weeks. Berenberg should be ashamed of themselves, with their ridiculous £10 target price. That was a one-off, driven by deluded PI's chasing it. I will be very happy if we reach £5 by January 2023 - but it certainly won't be easy, as the Market doesn't favour Tech stocks like DT. Dissappointing of course, but better to be very realistic in a major Bear Market such as this (and it will last through to 2023 too), or you will lose even more money! I still have not spent a penny in this years' ISA; it is a way, way too uncertain world for that . . . . ATB
When will we Europeans stop being ****ed by those American manipulators? This is ridiculous
Now I see why the SP fell 6% this morning. On what basis did the JPM warrant the 20% target price downgrade? There hasn't been any decline in the business, let alone 20%. I hate bankers.
JPM seem to be trying to trade this share and backing it up with imho spurious notes. The timing of release says that. Bet they had a short running yesterday and are now trying to fill up at the pumps.
There is unparalleled conflict going on in Ukraine with cyber attacks all over the shop and other rogue countries and organsations embarking in the same and 3 recent Director Buys showing confidence points to a contrary view.
I'll thank them for the top up opportunity but happy to read the macro environment for myself.
Despite rising sales, upgraded revenue targets and all round outperformance JPM have downgraded Darktrace today and slapped a derisory 320p price target on them (reduced from 400p)
And UK market makers, ever the compliant nodding donkeys have complied by trashing the SP down to JPM’s suggestion.
It’s no secret that Vectra, Darktrace’s US competitor are smarting from Darktrace’s success and reeling from its increasing market share in the cyber security sector.
Manipulative forces are stacked against Darktrace who made a bad call when choosing the UK index to float on. A scammy scummy index that has no idea how to value shares and singles out tech stocks to trash into oblivion.
JPM, Vectra, affiliated hyena hedge funds and UK market makers are colluding to bring Darktrace down. Working hand in glove to reduce its value to next to nothing while waxing rich by betting against the company.
Overt manipulation such as this couldn’t happen in other indexes, but it’s a crime carried out with impunity in the UK.
Slimy Boris Johnson asked ARM to think again about listing in the US and relist in the UK. One only has to look at decimated tech stocks such as Darktrace and Wise to know what the answer is going to be.