Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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My broker shows a bep of 502p , so a gain for me here that does not seem to of happen often over passed three years.
Looked at dealing history with ( D )
DARKTRACE (WI)
16/08/2022 Sell 520.0
19/05/2022 Buy 319.00
02/11/2021 Buy 670.00
27/10/2021 Buy 700.00
Hindsight first bought on the dip from the spike to 985p 28/9/21 ( a tip maybe from barc )
High since my first buy 19/8/22 just after my sell at 542p..that was the correct call until yesterday .
One were more averaging down would have worked out as lows were 210p January this year.
When will these two close these positions .
Open Short Positions in Darktrace
Fund........................................................ % Short Change Date Changed
Cadian Capital Management, Lp.............. 0.53%..... 0.00%.... 24 Apr 2024
Qube Research & Technologies Limited 1.02%.... 0.06%... 19 Apr 2024
Total 1.55%
The offer not as high as CR888 was looking for when I looked last on 19th July 2023.
Tech investor Thoma Bravo agrees deal for London-listed firm
Price represents 44% premium to three-month average
Darktrace was backed by tech entrepreneur Mike Lynch
Darktrace shares jump 18%
LONDON, April 26 (Reuters) - Private equity firm Thoma Bravo agreed to buy Britain's Darktrace for $5.32 billion in cash on Friday, saying it would use its software expertise to drive growth at the Mike Lynch-backed cybersecurity company.
The agreed offer of $7.75, or around 620 pence, per share represents a 44% premium to Darktrace's three-month average share price, Thoma Bravo said.
Shares in the company, which have doubled over the last year, jumped 18% after the announcement to 608 pence.
Thoma Bravo partner Andrew Almeida said Darktrace was at the "very cutting edge" of cybersecurity.
"Thoma Bravo has been investing exclusively in software for over 20 years and we will bring to bear the full range of our platform, operational expertise and deep experience of cybersecurity in supporting Darktrace's growth," he said.
Founded in 2013 with the backing of entrepreneur Mike Lynch, Darktrace uses artificial intelligence to detect attacks and vulnerabilities inside IT networks.
Earlier in April it raised its forecasts for third time this year, reflecting demand as threats from digital attacks grows.
It listed at 250 pence in 2021.
Despite being the best performer among recent London listings, the stock has lagged U.S. peers, partly due to concerns about Lynch.
He is being tried on fraud charges in the United States over his former company Autonomy. He has denied the charges.
UNDERVALUED ON THE MARKET
Panmure Gordon analyst Harvey Robinson said the price did not reflect any significant synergies, and it could trigger interest from a trade buyer such as Palo Alto.
Thoma Bravo previously approached Darktrace in 2022 but talks did not result in an offer.
Darktrace's board rejected proposed offers from Thoma Bravo before agreeing the deal, according to the statement.
It believed its shares were undervalued and a cash offer offered certainty to investors, the statement said.
As well as commitments from Darktrace's board, Thoma Bravo said it had the backing of a KKR fund and Summit Partners. Combined they represent 14.4% of the shares.
The deal will require support from the holders of 75% of Darktrace's shares.
Thoma Bravo, which bought British software firm Sophos for $3.9 billion in 2020, said it intended to keep Darktrace headquartered in Britain.
Lynch, who has no longer has any role at Darktrace, owns 3.9% while his wife owns 2.9%, according to LSEG data.
Thoma Bravo was advised by Goldman Sachs and Darktrace was advised by Jefferies and Qatalyst Partners. (Reporting Paul Sandle in London and Yadarisa Shabong in Bengaluru and ; Editing by Mrigank Dhaniwala, Sarah Young and David Evans)
Reporting Full Year Results
Darktrace intends to report its FY 2023 results on 6(th) September 2023. Conference call and other details will be made available in due course.
Yes honestly I feel Dark should be over 550 p easily today …
August 14 another big day results plus guidance ?
Crowdstrike
SP $148.60
MC $35.11B
Customers 23,000
ARR $2.1B
Trading @ 16.7x ARR to MC
SentinalOne
SP $14.58
MC $4.52B
Customers 10,680
ARR $522M
Trading @ 8.6x ARR to MC
Darktrace
SP £3.948
MC £2.768B / $3.57B @ 1.29 ex rate
Customers 8,800
ARR $626.5
Trading @ 5.7x ARR to MC in $
Low end valuation of DARK should be 596p
High end valuation should be 1156p
Any Nasdaq traded company could buy dark just for ARR & get a Nasdaq rating for just on customers & ARR
If this happens the short sellers will get Killed :)
We were sat at ~£10 only ~18 months ago.
Since then big share BB so 1000p is not out of the question, just maybe not tomorrow.
Yeah to be fair these takeover rumours are laughable. I just want a steady share price rise based on company fundamentals
I really LOVE some of the SP takeover numbers being quoted on here ... £10??, when at the moment the share is below £4. Seems like Xmas might come early. Presumably figures plucked out of thin air?
Agree on Takeover bid
Thomas Bravo might still go for it
Price needs to be above 750 p where they did a big offering , my guess is 850 p to 950 p range
Timing makes sense within next 3 months before interest rates start coming down … what I mean is market looks 6 months ahead so if market thinks next March Interrr rates in Usa will come down thenn6 months earlier is september so before September takeover makes sense but only above 800 p
Yes I think a take over for over £10 a share is in order and shoukd have already happened yesterday...
Any chance Darktrace will be taken over soon?