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HKK the pound / dollar rate is only one small factor ( a few per cent each way ) so far I believe US dollar will stay strong for next 5 months
The biggest factor is can Jeffroes find another mug to offer more , say 750 p :):) thanks the big bet now another counter offer !
Quite bizarre that holding Dark now is the same as holding an ETF on GBP USD
Forecast is stronger GBP 6-9 months BUT
anything can happen; war/conflicts, oil, energy, elections, inflation, interest rates etc
It's just not DARK, most of the companies have had the pee taken out of them. More will be taken over for so called premiums but its meaningless when they have been shorted so much. The trick is to find another company which has been shorted for a takeover. There are plenty out there.
In this world we live in, you’re only going to get fed crumbs unless you’re seated at the top table!!!!!
Remember Avast got bought , their shares went up over time due to exchange rate , but no extra bidders
Sheltie- your comment:
“+ but TB will get this company growing even faster, but with much larger profits, with its huge financial (and geographic) reach and commercial muscle. It's a great fit for DT and it's very easy to see why it will be voted for "unanimously"
But, what would you say the primary purpose of the BoD is - to to ensure the company’s future growth prospects in the hands of a new owner or to ensure a profitable future for the company for the present owners given the primary purpose of ang BoD is to look after the interests of all its present owners?
I think the latter. If they can’t match TB the BOD is basically incompetent and should have been changed, a view I have held for some time.
And if TB is so much better in extracting value, the BOD should have negotiated a much bigger slice of that cake for the present owners.
A friend of mine had a large garden, the end of which gave access to a field developers wanted to develop. He was able to negotiate a price 10 times the going rate of residential land representing a good chunk of the developer’s profit. Both parties won and were happy.
In the current deal there is only one clear winner. The BoD voted unanimously because they are either incompetent and/or there were inducements for them. Or there is more to the ML affair we don’t know about.
1. Labour gets elected or if people believe it will happen - pound will go weaker
2. usa economy strong so US dollar could see strength and even interested rises to stamp out inflation
So balance view is pound gets weaker versus dollar next 6 months
That’s good for Uk pound holders - price we get could go to 625 p even without takeover bid
Ignore most of Sheltie comments , he sold out too low 300 to 350 p … I believe Jeffroes will find another buyer to offer higher 69 per cent chance
I am a small investor too and been here for the long term hoping one day for that big rise, I stayed through the ups and downs only to be shafted by the big guns!! Well stick your offer where the sun don't shine I'd rather fall on my sword and lose the lot...Power to the people!!!!!
I imagine the weekend was spent with many slide rules going over the numbers at Darktrace
Which co will throw their hat into the ring next? Panmure reckon Palo Alto
Push the SP up for a higher price
Even though I am looking at a 65% profit I feel I have been mugged,my pockets picked and hung out to dry.This companies value will absolutely rocket over the coming years and I have been thrown off the bus for being a small shareholder, unable to stay on board for the ride. Feeling bitter at the pathetic buy out price 🙃
Berylfu I am pleased for you and if I remember your average, you come out with a small profit. Take care.
Sheltie - with all due respect to you - ul you often made wise comments however mine were the big picture long term and yours more accurate short term so we were both right
Sadly a lot of investors sold out 300 p to 400 p , some due to your influence … what price did you exit ..
I do think a 69 per cent change of a bidding war as Dark at 620 p is too much of a bargain
So 820 p still possible
I do respect your views however and would be interested in your views on where I should switch my money , for other 6 month to 2 year bets , safe bets on large to medium Uk listed companies or funds
I am thinking put 1/3 of proceeds into China funds and wait 3 years for example ?
Some big names presenting at their Security Summit being held over 14th and 15th May 2024
https://deviceauthoritysummit.com/
The nonsense you talk Charles! I see your two year obsession with the totally notional figure of £8.20 has not in any way abated. And I'm 100% certain of that! Thanks in no small part to you, with your incessant fantasy-land numbers, (it really got me thinking about how wise it was to remain invested any longer here) and luckily for me, I got out!! So a big thank you for that! I'm sorry that it didn't reach your dizzy heights of £12+++ but TB will get this company growing even faster, but with much larger profits, with its huge financial (and geographic) reach and commercial muscle. It's a great fit for DT and it's very easy to see why it will be voted for "unanimously"; these types of decisions, by Boards of Directors are not made, based simply on the money offered. It's much more nuanced than that. Anyway, there are plenty of excellent UK growth companies to invest your final cash in than Darktrace, so get researching!! . . . ATB 🫡
Why did our pathetic government put everything in place to make things difficult, i.e ML extradition, only to sound more positive once it was too late.
……………………………………………………………………………………………………….
Seven innovative British scale-ups for maritime sector,including Cambridge-based cyber security company Darktrace, pitched to a South Korean shipbuilding and ship owning trade mission last week. The opportunity to pitch was offered to Darktrace and the other British companies as part of the government-funded UK-APAC Tech Growth Programme, which helps tech scaleups to explore and secure commercial opportunities in 11 markets across the Asia Pacific region, including South Korea, Japan, Taiwan, Singapore, Vietnam, Malaysia, the Philippines, Thailand, Indonesia, Australia and New Zealand.
Full article: Cambridge Independent, today.
Well done to those who made decent profits here.
I agree with @Pearls that CRTA is worth investing some profits into. GLA.
Https://uk.finance.yahoo.com/news/rubrik-ceo-says-hes-hungry-as-ever-while-the-microsoft-backed-firm-sizzles-on-ipo-day-213256359.html
Already worth 6 billion USD
Yes TB are robbing UK investors, perfectly timed.....but they have low balled so much, that there is a 69% chance that another player eg a Microsoft or other party, might also bid higher eg 750p....
I that case we could still get 820 p.....
Still waiting to hear full timelne....Dark is so far being sold for peanuts...and Investment bankers have few deals to work on anmd so in next month by say June 3rd new offer/offers could start being announced...
Of course still possible no other offer comes, but according to my crystal ball today, its 69% likely an offer around 750 p will come next....
Yes so let’s watch short update tomorrow as this drops into the high 5’s
There are still more trading opportunities to come here over the next few months
What a journey for me , finally I’ve got out of here, thanks for Lending and some Kind people’s advice, its really valuable GLA
Not sure why people are suggesting a swap of the only credible uk tech co into junk is a good move.
I would do nothing at all until it is clear what is going to happen here.
If anyone remember Atlantic computers years ago ,it ended up in a bidding frenzy