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OK fair enough. I hope you profit well from it. . .
correction, not exactly mid 5 figure, but 5 figure.
I once hold 6 figures of DT, now in mid 5 figure.
so pray please tell us of your holdings and averages. . .
i agree
Agree with Ndn71, sheltie you are just an opposite version of (former) Charles. I don't mean to judge someone's wealth but your voice here is out of proportion for your investment.
Wiscos. That makes no sense. Do you not understand that Darktrace are buying back some of their own shares?
Sounds like a mechanism for BoD to offload shares via a broker who's nose is in the trough.
Plus500 buy their own shares every day with the excess cash they extract from spread betting & CFD punters
Not really something a high tech growth business should do but as it for incentive programs it does prevent further dilution which should be applauded
Many broker comments do move the shares like today Synthomer went down a lot because Morgan Stanley downgraded it, people should research before committing into buying a share well as trying to understand from brokers point of view. one should not jump into or out of something because of BB discussions.
Well said Nidec
Ndn71,
"Nidec - you understand the share price"
Ive been buying and selling shares since the 1980s, very successfully so, yes I understand.
I reiterate my point, that
"I would hope noone is buying... because some broker says it should be higher."
as regards "You want to guess and follow the market", I am already well into this share and at a significantly lower price than todays price, I dont need to follow the market. I'm discouraging those who may be tempted by the repetitive posting of brokers targets, we can see from some of the posts here that some new traders are buying in part because of this. This BB will never move the market, but it might harm some new traders accounts if people here profess to be more knowledgeable than they really are
Wrong. I hold 1,750 shares, as ever, but I am looking to average down hard. I am however, looking for as low a price as possible, hence why I have not been seduced yet, unlike your good self. Just filter me, because for every sugar-coated holder here, there will be a cynic, like me. It's called a matched trade! You are too emotionally involved here. It's a bit of fun, relax. You CANNOT have any influence through a tin-pot board like this, on a multi-billion pound FTSE company's share price! NONE! So relax.
Sheltie. "They'll make a Study Paper out of this, for future MBA students".
Would probably be better if they did the MBA course about when Amazon dropped 90%. What a terrible company that turned out to be.
I would hope noone is buying until there is a clear reason to do so (great news, prolonged period of rising sp) rather than because some broker says it should be higher.
Better to buy at a slightly higher price but gain momentum that to try and catch a falling knife (again)
In terms of DT specifically, it seems to me, that 'The City' has clearly changed its attitude with regard to its very (only good news factored in) lofty valuation; for a company with such (relatively speaking) small amounts of annual revenue. You could argue therefore that even at £3.70p they will still think it too expensive? Grim I know, but hey, it's really quite possible now. Noticeable too, how few have been posting here, saying that they have bought more shares, unlike the daily "I've just topped up at £6.98p, £5.97p etc." just three weeks ago. Wow. To think that this hit £9.50p only in October. They'll make a Study Paper out of this, for future MBA students.
Current reaction seems overly negative unless perhaps we are just being pulled down by a tech sell off this afternoon? ARB is down a lot for example, but normally a share buy back is viewed positively by investors
Ndn71 - the 'large sophisticated shareholder' has paid way more than they needed to here (like £7.50p!). The small 'unsophisticated' shareholder however, sold at between £9 and £10 and has not yet bought back! The 'large' Institutions here with DT have certainly not showered themselves in 'sophisticated' glory! Seen it SO many times. Fund Managers often get it wrong. The sub £4 trap door looms large, with just 20p left to go. Ouch.
for me at least, this was designed as a bit of a 'smoke screen' to detract from the dire share price retrace. Only problem is that the pin was pulled, the (smoke) canister was thrown, but the wind was blowing in the wrong direction. It's not going to make any difference here. The next Financial Update certainly will though. Gulp - as it had better be flipping good!!
And who will they be buying these 4m shares from? I suspect Jeffries will be brokering deals with initial stakeholders at a premium and for a fee of course. Gives the stakeholders an exit strategy and protects the SP in the short term. Much rather have seen this put into R&D. The shareholder scheme already has over 57m shares so not sure why they need any more.
Thank God, Charlesrixon isn't on the Advisory Board.
My last post reflects my optimistic side. On the pessimistic side the question arises in my mind as to whether it would it not be better to have invested that money in the business - either R&D or marketing? For growth stocks with huge potential I would be happier if it was deployed to further the growth opportunities. Usually money is handed out in dividends or share buy backs when business opportunity is limited - IMHO.
Ndn71 - I think your assessment is probably right. I see this as a positive in that the management see more value in the company than the current SP suggests and therefore better to buy back and concentrate rather than issue and dilute.
These will be held in treasury for use as they see fit.
Speculating in their own shares would be reckless.