Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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https://www.dailymail.co.uk/sciencetech/article-7936115/Popular-anti-virus-company-revealed-selling-web-history-porn-searches-location-users.html
Bad in terms of people not wanting to use Avast, good in terms of new revenue streams.......think I am going to reduce my holding again
Wonder if this has something to do with Jumpshot that they are offloading on ASCL. Congrats to those who got in on the flotation price. This wasn't supposed to hit £5.5 for 5 years!
Lyndhurst, wish I did sell last week. I was holding on for too long, but can't grumble with the profit I made. :D
Excellent profit on your sell, pal. :)
Just invested some in Mission Group.
I may be wrong but this share was part of JP Morgan Smaller UK companies fund. There was a £6m sell last week and when I checked the JPM fund, AVAST was no longer part of the portfolio.
I sold the next morning...
Make your own conclusion & DYOR
Good you got out.
I am holding onto PRSM and ITM which appear to have escaped the coronavirus stock market dip.
I also trade LSEG weekly.
I read this article re ITM. Good time to invest in UK growth...https://networks.online/gphsn/news/1001969/hydrogen-benefit-uk-offshore-wind-businesses
Good entry point for Imperial Brands. Best FTSE quarterly dividend player...
DYOR & GL:)
It dropped 9% by the end of trading.
Might buy in again at a later date.
Looking at ITM fundamentals right now. Looks a good share, 56 million in net cash. :)
Check out CWR.
Hydrogen fuel is gonna be big.
Can you believe it? A top cyber security company, about to enter the FTSE 100 has been flogging off millions of its clients digital searches to all and sundry and making vast profits from it, although for obvious reasons it does not disclose how much. This must cast a dark cloud over the integrity of the company which has yet to respond to the allegations.
Extraordinary reaction. They sold part of Jumpshot last August to ASCL. What does Jumpshot do? Sells Digital data it collects on clients just like virtually any other public company on the ftse. How does amazon, eBay et all get to know your shopping habits? They buy information called digital data
The selling of data has been known for years by anybody with a basic knowledge of the company.
Surprised at the reaction now that this has been 'exposed'.
If this is all above board why is the SP plummeting?
It cannot be right for such a company to flog off their client's data. That is just what they are supposed to protect.
Remember Cambridge Analitica?
IT has been massively overbought which is entirely a different matter. Directors have consistently been offloading for a few months. Jeffries price target yesterday of £4.05 seems a bit of an over reaction but overbought gets oversold. I really think this digital data is a red herring. Its big business and as I say that is what Jumpshot does and why specialist digital company ASCL bought in around August last year with it with the option to buy the rest of Jumpshot for not more than £300 million. If it gets to £4.00 its a steal
Cambridge Analytica was a completely different beast in that it 'stole' data from facebook users, and in turn used that data to build profiles on individuals that they could then target and influence during election campaigns/referendums. This was known as weapons grade communications and required prior government approval.
Avast are simply selling anonymised data sourced via browsing habits. It also informed users their information could be collected, and gave them a chance to opt out.
The share price fall is most definitely a reaction based on the reputational damage of a few tech site articles, combined with broker downgrades and coronavirus threat.