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.
HGB - I wasn’t clear and two 27s which could be (is) confusing. All good - great for everyone to have their say even if it goes against the flow which I think is healthy if reasoned. Now, indeed, also the Budget - hope he leaves the dividend and CGT tax alone otherwise……- some reaction I guess.
Henry I presumed you were referring to Sarup's question about a dip. Sarup, Henry's right, this was heavily discussed, scroll back a bit. Basically a suck it and see imo.
I'm still convinced the SP was walked down that day. Miniscule buy and sell trade amounts and buys/sells lower than the SP spread that preceded them interspersed with `normal' trade amounts. I'd be interested if anyone's seen that here or elsewhere and got any knowledge of it I've missed?
Lending sorry, I was referring to the lock in ending on the 27th.
FTSE is separate...
Or am I confused?!
HGB- sorry I didn’t realise that the immediate FTSE100 entry on 27th was known to us a few days ago as it was this event I was referring too - not clear I can see that - and there is also another possible 27th event date. I only got wind of the entry it late on Friday and I don’t recall that there has been any discussion linking the recent news on the FTSE100 entry to the recent volatility.
Personally I am of the opinion that every effect (SP movement) has an underlying cause, and if the causality can be understood, then predictions can be more soundly based. Playing Devil’s advocate, or surmising a cause, is just one way to facilitate debate with a view to increasing that understanding. Published literature - as recently posted by Jayne - is also an excellent way of learning IMHO and reduces the guessing game.
Scroll down a few days, this has been discussed.
Mixed views, personally I think it wil drop 10-15%.. depends on how high it goes... May rose however on the news we've been blessed with.
Many good traders sold out early and may have priced themselves out. My thinking is unless it goes up another 20%+ early next week hold and buy the dip.
Who knows what the IIs have planned... This stock had a mind of its own.
GLA
Just a final thought on DT entering the FTSE100 from my own experiences with PSH - a closed end investment company. I bought it as a gamble as shorting is very much the name of their game and I though I could learn something. It did well in March 21 (COVID) but then hit the buffers and continued with a huge 30% discount - so cash was pumped to raise its value to get it into the FTSE100 as this was to be the salvation. The result on, or prior to, entry? -absolutely nothing to the SP or discount and, until very recently, it has continued to languish.
Of course the situation with DT is very different, but one must wonder whether the recent fall - Jayne suspected it was walked down - and subsequent rise was not a result of the market getting wind of it as there was no other news around that would explain it. In my view the City must have had some advanced inkling - were they really so wrong footed and out of touch? - we shall see this week - it will be, well, “fascinating”.
How much can it dip and when?
Thanks
Good point Carliol, more liquidity will surely be needed. I'm presuming DARK will now be available to buy regularly every month on platforms? That's likely to attract a lot more investors too as lower costs allow pound-cost averaging.
As a LTH I'm not too worried about the day-to-day movement of the SP, as DARK have amply proved the investment case here now. Just useful to observe in order to pick up more on any dips. :-)
Charles, Lending may well be right and we're looking at the wrong date, but either way yes I'll be surprised if 1000 isn't breached soon adn agree DARK definitely has legs! :-)
Hi Jayne,
I'll be looking to buy some more shares in Darktrace on Monday and hopefully I'll be able to buy some at less than 1000p. I think my plan to buy at less than 1000p is more in hope than expectation.
Where the share price will close on Mon is anyone's guess but I think it could be in the region of 1100p.
Although we were all expecting Dark to enter the FTSE 100 soon, Friday's announcement has come as a shock and will have caught many institutional investors by surprise. These I I have had the weekend to come to terms with the sudden announcement and I reckon they won't want to be caught out and left behind. I can't see the end of the lock up having much effect on the sp. Why would these early investors want to sell when the company is now a major player in the FTSE 100.
Perhaps if these early investors were to sell some of their holding it could help the liquidity and they could be selling into a rise. If they don't sell there could be a liquidity problem and we all know what could happen then.
It's difficult to second guess what will happen on Monday and the remainder of the week but over the next few weeks and months I'm sure we'll make some significant progress. Such is the indefinite and inexact science of stock market investments.
Carliol
Thanks Jayne - may I say “interesting”. As someone who started adult life in academic and industrial scientific/engineering research it is just the sort of study I understand - fact based, scientific, objective and tested. I’m not sure that there is that much change, but, of course, every case is different so care…..
Good to see you posting again Carliol, where's Grotty and Doyesee I wonder?
HKK I remember that - a few of us were mocked for believing in DARK early on. Well this sure as hell p**ses on their chips! :-)))
Apols for putting `interesting' in a whole three times. Should have read through before posting!
Lending, you may be interested in this. Dr Bryan Mase at Brunel Uni did an interesting study on the effects of additions/deletions from the FTSE100 back in 1999. It's a bit dry and academic, but an interesting read nonetheless: https://bura.brunel.ac.uk/bitstream/2438/912/1/02-25.pdf I wonder how much things have changed since, if at all?
I agree, interesting times around here, but the raising of the profile and reputation of the company over the long-term is the biggest positive for me too.
I would concur with MTB on the effect the FTSE100 entry will have on the SP - enter to the FTSE250 did cause some upward movement of the SP , but, in actuality, it didn’t have a huge short-term effect IMHO. It is going to be interesting to see how those of you who like short-term trading are going to play the game - great news tempered by the uncertainty associated with the end of lock-up - raises all sorts of possibilities..
But great news indeed - one further positive. I like the entry to the 100 more for its influence on the long term valuation -how much money is to be made by the company. it raises the profile even further, is fantastic for reputation and customers will be even more comfortable being associated with a successful high-profile company. Revenues should go up accordingly, and if costs are controlled, the SP will look after itself. But that is a view of a long term holder.
Certainly an impressive journey through the 250 to the 100. However, whilst this might well create some extra buying, most of the institutional money invested passively (ie index-tracking) in UK actually tracks the FTSE ALL share rather than the FTSE 100, so I wouldn't expect an tsunami of buying from this group given that DT has been in this index for some time.
Good Morning Charles,
It's been a while since I made a post. it's simply because I felt I couldn't add to the in depth knowledge of the posts on this board. This must be the most courteous and well informed board on LSE.
I made my first buy in Darktrace on 11th May 2021 at 356.54 and I have made a few subsequent buys with my average at around 469.94. This has been my best investment for several years and it looks as if things are going to get even better.
Although Darktrace has had good publicity over the last few months, entry into the FTSE 100 should make Darktrace a much sought after company from two aspects, Firstly, many fund managers will have to buy in because of the investment strategy of their fund and secondly, because the heightened profile of DT will make more and more investors aware of the potential of our company, particularly on the other side of the Atlantic.
It wouldn't surprise me in the slightest if a bid were on the horizon. Given the unique nature of Darks product range I'm sure we could see a hostile bid in the not too distant future. At what price? The sky's the limit.
Monday could be interesting.
Carliol
Price prediction for next week?
Darktrace (UK, BNYK8G8) will be added to the FTSE 100 Index and deleted from the FTSE 250 Index.
https://www.lse.co.uk/rns/DARK/morrison-wm-supermarkets-6mgx6in4918ipxy.html
Well done holders
This will now be scooped up by pension funds & other funds as many mocked me for saying a few months ago