Member Info for 100notout

Come on Dark. Hurry up with the buybacks and squeeze the hedge funds. You know it makes sense...

Sorry, It not I.
I hope DARK start increasing the buyback as I cant see us below 300 for too long.

Jeffries have just raised DARK to BUY with 500 target up from 425. I will be interesting to see what the others come up with.

Interesting times here, on the one hand we have DARK with a considerable war chest for share buybacks and hedge funds with noticeable shorts. I think the hedge funds will be rather surprised with the robust update from DARK and will most likely throw in the towel and flog some other horse. They must surely see that they could be taken over any day now and do they want to take that risk!

I think the update is much better than market expectations. With the foreign exchange rate environment having remained relatively stable, and with most FY 2023 revenue already invoiced, Darktrace is now expecting year-over-year revenue growth to be at or around 31%, the high end of its previous 29.5% to 31% range.

Based on strong preliminary Q3 margins and its plans for Q4 operations and investment, Darktrace is increasing its expectations for its FY 2023 adjusted EBITDA margin to at or around 19%, above its previous 16% to 18.5% range.

I think the broker valuations are based around Bougouni and don't give much valuation for the gold prospects. If the drill results for the gold prospects are good I think we will see higher share price targets. Equally if more drill results are positive at Bougouni this will be another catalyst so the current targets will be raised in due course.

AI - If you have such little faith in Dark, why don't you sell and move on?

I agree bladerunneruk that DARK are one step ahead of the rest. My belief is that DARK is being shorted to keep the price down for a takeover. The longer the share price is held under 300 the easier it will be for an acquirer to offer between 500-600 for a takeover. If the hedge funds were not messing around with their dubious tactics the price would be close to that level now.

I picked up a few more today at 38. A little shaking of the tree here.

I wouldn't want to be out ...................

This is the stock market and manipulation. It is plain to see this has been sold down for a takeover. The patient will be rewarded...

A fine retort Mark. Unfortunately some on here are hell bent on negating Darktrace. I suppose though it's in the interest of hedge funds to try to fear-monger when they have so much at stake.

It's good to see that Berenberg have reiterated their 600 target today.

Two of my other holdings RR. and AML recently came out with results and have continued to rise in spectacular fashion. I expect the same to happen here. The hedge funds will see little downside and the fact that DARK have a large war chest for share purchases will deter new shorts. The fact that the share price has been knocked down will attract a potential takeover so hedge funds have to bear this in mind. Dark could easily attract an offer of over 550 so shorting this carries a lot of risk.

Mrlong are you suggesting an accounts error here?
The problem with MTRO is that it's operating like a traditional bank when all the competition is modernising. Darktrace is in a very fat growing market with great patents and people. This is a very different proposition to MTRO and is not the best comparison perhaps you should compare Dark to other cyber security companies and perhaps you will find the valuation here compelling. DYOR

I also have shares in AML and RR and they have progressed well since their recent results. I expect the same here. I believe this has been intentionally brought down for a takeover. This has all the telltale signs of manipulation, I saw the same with several other holdings such as; LMI, Laird, MCRO and TED to name a few.

The MOD at Bletchley park had a lower R&D spend than the DIA. Who broke the engima code?
Darktrace is about the people and the patents which are far superior to the opposition, surely the best way of promoting your company is to spend on marketing.
The yanks want Dark at a basement price that why it has been at the wrath of a short attack. It's as simple as that really.

We should comfortably get over 300 before the results. They are bound to save some special news for the 8th.

I think DARK should have been a little bit more aggressive with the buy back program. They have been far too easy on the shorts allowing them to reduce their positions at these prices. I would have liked to see them buy back over 300 at the very least.

I am more than happy that they are purchasing shares but I'm a holder however I can see if you are shorting this it wouldn't be so popular. The BOD are working for shareholders not the hedge funds and short sellers although they think otherwise.

Their short interest is 0.54%. Not long to go before they go below 0.5% and good riddance.