Member Info for bobocaca

wtf....
they are driving down the price again to buy at cheap at UT later today for the trading update to be expected for tomorrow.

There seems to be a consensus that Darktrace is doing well. Didn't expect 6% rise despite falling back later, so good result could propel the SP to 375p.

last night that the SP jumped 50% and keep up. Then I went to click to see the exact SP, and.. I woke up :)

Rationally speaking, I do not expect nor even hope the SP to jump 20% on the trading update as this usually follow by large sell off. Would be glad to see the SP back to 350p with good result, then new US data next week to give it another nudge towards 375p and above. Slow and steady wins the race.

Channel 4 has a new show about cybersecurity, hope this raises awareness and hence appetite for Darktrace stock
https://www.theguardian.com/tv-and-radio/2022/jul/07/some-staff-work-behind-armoured-glass-a-cybersecurity-expert-on-the-undeclared-war

"Stop paying ransoms to cyber-hacking gangs, businesses urged". A chart shows reported loss from cyber attack and fraud jumps from ~£4M in Feb 22 to ~£14M in March 22.
https://www.telegraph.co.uk/news/2022/07/07/stop-paying-ransoms-cyber-hacking-gangs-businesses-urged/
"
...
In their letter, John Edwards, the commissioner, and Lindy Cameron, the NCSC’s chief executive, said they were alarmed at the increase in recent months of such attacks, with significant sums of ransom money being paid by firms. They said the trend appeared to be based on a mistaken belief by the companies’ legal advisers that paying a ransom could protect the stolen data or result in a lower penalty from the Information Commissioner for the data breach.
"

sheltie, if I were you, I'd spend my ISA now...

People, especially employees, should really stop panic selling to support the share price.

Let's give a round of applause to Lending for buying, even it's by accident.

I thought this afternoon would be relatively peaceful as US market is closed today. However, it looks like the market manipulators forgot to turn off their selling timer for 2.30pm ....

The truth is, price target or valuation is irrelevant now as most if not all tech companies are worth lower than their lowest price target. Really, Darktrace is just a poorer relative of Nasdaq stocks with British accent. Like many Nasdaq growth stock, it has fallen 70% in value from the peak. However, it doesn't always have to be like that, Crowdstrike is holding up pretty well.

One thing that frustrate me is that the UK stocks are hit twice by the same bad news. When UK releases inflation data, market fall; then when the same is announced for US, FTSE fall another time. As we know, the high inflation will not go away as long as the war is still ongoing, thus the coming earning update plays a crucial role. After all, fund managers will have to put most of their money in stock market, and companies who show they are inflation-proof would get their attention. And I have strong faith that this will be another record breaking quarter for Darktrace which is the first quarter after Russian's invasion begun. Pretty sure a lot of companies rushed to beef up with cyber defence, we can see some evidence of countless business wins in PR release in that period.

In my view, this coming week is the best time EVER to buy Darktrace shares.

It is pathetic to think a company has zero or even negative value because it is not yet profitable. That summarises the problems with the UK - people can't see things past today's earning and have no vision for the future. That's why we don't have big tech company. Software business is a rapidly changing and winner-takes-it-all business. Trying to grow organically without raising external fund is almost certainly a suicide in this cutthroat world.

ARM will and is right to list in New York.

It is so unfair and it is hugely disappointing for me. I'm ok to accept if the SP fall with the market but clearly it is not. All other stocks from both Nasdaq and Ftse started recovery in last hour or so but obviously someone beat the SP down in the last 10 minutes before closing. Suppose shortsellers use that to buy it cheap at UT.

Darktrace's finance is growing stronger every quarter, and every article I read now say it is cheap to buy now, yet the SP keep falling with no apparent reason. I cannot come to terms with this. I envy those who can still keep their calm.

If I had spare cash, I'd top up now. I would really like to see us finish above 300p today.

https://www.cmcmarkets.com/en/opto/is-the-darktrace-share-price-good-value

Darktrace’s share price is undervalued, according to senior investment analyst Ben Alaimo. Writing for Seeking Alpha, Alaimo forecasts 40% revenue growth this year, followed by 30% growth for the next two to three years. Using a valuation model that takes discounted cash flow, Alaimo suggests that the fair price for Darktrace’s stock is £5.49 per share.

Investors Chronicle’s Robin Hardy takes a similar position, saying that Darktrace’s share price “should probably be in the 500–600p range”.

Previously, Hardy had been concerned about the stock’s valuation, noting that growth in the business was slowing at its slowest rate in five years, though the stock was trading at its highest EV/Sales ratio. Yet, predictions of a £20–25m pre-tax loss by 2024 have now swung to an expected £20–25m profit by that point.

Analysts also seem optimistic on Darktrace’s stock. Of the six polled by Refinitv, the 12-month median price target is 815.39p, suggesting a 143.2% upside on Friday’s close. Even the most bearish price target of 503.91p would see a 50.3% return.

As ever, trying to put a valuation on a company that hasn’t turned a full-year profit is difficult. Yet, Darktrace is clearly operating in a growing market and could be a good option for investors sifting through 2022’s battered tech stocks.

Based on history, trading update is expected to due in the week starting 13th July but could be a few days earlier.

sheltie, it is fine for you to have your own philosophy but you really don't have to seize every opportunity to tell us about your ISA. You are becoming the person that you hated. Speaking of Charles, I actually kind of concern/worry about him. Hopefully he is still alright.

Heard companies are selling off for end of half year, don't know the rationale behind it but hope the price will pick up tomorrow.

I did not expect the share price to fall so quickly, thought it would hover at about 350p. It feels like last August again when price dropped from 765p to 560p.

yes, Clued, agreed and was aware of that. I'm not confident in timing when these traders would sell, so the best strategy for me now is just to not do anything and not calculate my loss.

Dropped 5.74% for no apparent reason, even more than Moonpig that has just released bad result. Funny, I read on yesterday it is one of the most traded stock in LSE.

Berenberg cuts Darktrace price target to 600 (1,000) pence - 'buy'.

https://www.lse.co.uk/news/DARK/london-broker-ratings-credit-suisse-cuts-ocado-liberum-ups-whitbread-ypduiit3f20vynr.html

This better reflect current market condition.

There are many assumptions made in every analysis, and every analyst have their own background (from tech or from old money) and risk appetite, hence the result can vary widely from JPM 320p to Berenberg's 1000p. That's why people also use average of target price. I think 1000p was a valid estimation in half a year ago when tech market was at its peak and if look solely at business fundamentals. Of course if the ship (market) sinks, it brings everyone down with it.

It looks like Nasdaq recovery has begun with SentinelOne rose close to 10% yesterday and 21% in the past 5 days. I certainly hope the same would happen to Darktrace soon.

sheltie, Charles is no longer here to ramp the price. You should probably stop de-ramping too.