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Opposition to a potential sale of Darktrace are speaking out over worries that it undervalues the cybersecurity business.. Several bidders are expected to join Thoma Bravo to buy the UK company, with Cisco, Palo Alto Networks and CrowdStrike among potential candidates.
Where did you read that news ? A bidding war would make me … open a bottle of champagne early .
Never count your chickens before they hatch !
It's from the Times
https://www.thetimes.co.uk/article/darktrace-sale-heightens-fears-over-future-of-britains-tech-sector-22k8qclhf#:~:text=Several%20bidders%20are%20expected%20to,those%20tipped%20as%20potential%20candidates.
Trying hard to shake that tree bless them!
For sure the story will run at the w/e too, that will bring in new investors too ready for Monday's opening.
That’s great news , as I said 800p +++
Part of negotiation tactics maybe
Or consensus against is growing. Extract from the Times report.
“Opposition is mounting to a potential sale of Darktrace, with shareholders and MPs speaking out over worries that it undervalues the Cambridge-based cybersecurity business and could have an impact on Britain’s wider technology ecosystem.
………..
However, a significant shareholder in Darktrace, who declined to be named, said yesterday that they would be “disappointed” if the transaction went ahead as the company was undervalued relative to its peers, even after the share price had risen once the takeover talks had been made public. They said that the company had set out huge ambitions for the next decade and by selling early in that journey it would not maximise its returns.
The potential sale of Darktrace has reignited concerns over the UK losing star businesses to foreign ownership. Darren Jones, chairman of the business select committee, said it was a case of “another great British tech success story once again at risk of outgrowing Britain. This pattern of fundraising outside of the UK is not new. If ministers want to make the most of the UK tech economy, they need to fix this long-running problem.””
Interesting article from the Times, thanks for sharing.
Lending, they need to fix LSE / FTSE from being such an easy and soft target, nothing to do with companies that list, it goes deeper than that ... FTSE is more aligned to AIM than most think.
Exactly. It's being made very public now just how valuable this business is. Whether it be to the UK or a private equity firm. It's way more important and thereby way more valubale than the recent SP has suggested. Already back over 530 - lol.
Those who panicked first thing have lost out.
‘a significant shareholder in Darktrace, who declined to be named, said yesterday that they would be “disappointed” if the transaction went ahead as the company was undervalued relative to its peers, even after the share price had risen once the takeover talks had been made public. They said that the company had set out huge ambitions’
Even if the buyout never happens this publicity is good - it won’t be undervalued for too long IMO.
“disappointed” if the transaction went ahead' ....
Not 'surprised' but sounds like a significant shareholder who is almost resigned to the fact.
aimo
The significant shareholder wants 900 p +++
Charles,
Do you think this will be a Concert Party bid to get it on the cheap?
We all know the long term potential & I was going to hang on for years.
Below £9/£10 is ridiculous, but in todays market anything can happen!
Wolfie, I see that you are new in here, so let me give you a warning. CR888 aka Charles is a renowned ramper, OK for him to speak is mind but it is extremely dangerous to take advice from him. His financial knowledge is not as sound as he sound.
Bobocaca, Thanks for the warning, did well on ARM first time around, Earthport, Sky etc in recent years. I thought all opinions were welcomed.
Yes all opinion is welcome but don't see him as an expert in this matter.
And indeed they are. If someone wants to ramp or de ramp so what . I take note of information and make my own mind up. With some of the past comments attacking various COEs of different companies because the shares are not shooting stars I find a bit silly to say the least. Although most of them are grossly overpaid.
We all make decisions. Also 75% of retail investors in shares lose money and that’s a well known fact . Just be as careful as you can .
Bobocaca , I have worked in a few of top financial institutions and passed my Usa securities exams !
Whatever experience, chart reading or exams anyone may have 'intuition' and reading sentiment often wins out!
I'm in good profit, have been for a long way back. The lower estimate, i.e daily mail, if accepted would see me celebrating.
Woolfe below 750 probably won’t happen , above 1000 p unlikely too , somewhere in between most likely if it happens is my humble view , having watched this share trade since last year !
TB need to be fair
I’ll say it again offer will be in the region of 650, mark my words!
Not a chance . 8 at least.
Tj09 I said c.£6.50p as soon as the RNS came out (we were c.£4 at that time). Some here are in lala land; simply because they over-paid (eg CR888). TB will not be making the same mistake. There are just way too many "biased" posts here; containing 'hoped for' numbers rather than 'probable'. Each to their own - but I prefer to be honest - with myself. ATB
ps £4,6bn would be a bloody good deal for a company in its infancy, paying zero dividend and generating still, quite modest sales. I would take it and run - as will they!!