Member Info for bobocaca

There are only two things that could rally the SP: becoming solid profitable, or winning US government as customer.

They issue " Total Voting Rights" when there is change in number of voting rights, normally just mean the number of shares. The number looks similar to the last one (I don't bother to dig out the last one), so I guess it is shares issued to employees which happen regularly, and nothing to worry about.

SP should rise tomorrow.

JPM acts like an amateur. Instead of working out the price target from some financial numbers, they simply said "oh, the SP fell to around 320p a few days ago due to Autonomy news, so let's make that the price target". What an idiot.

Now I see why the SP fell 6% this morning. On what basis did the JPM warrant the 20% target price downgrade? There hasn't been any decline in the business, let alone 20%. I hate bankers.

Press release
https://www.darktrace.com/en/press/2022/426/

Both my predictions/wishes came true today:
- Poppy's share buying prompted other directors to follow suit
- SP finished above 335p.

Managed to shaved off around 18p from my average by selling at 345p and bought back later. Not great deal as I bought back too early today after the market opened today but I'm content. There is a good chance that the SP might finish between 360-380 tomorrow. Finger crossed.

Press release
https://www.darktrace.com/en/press/2022/424/

The judgement was made months ago but the 1600-page full verdict was only released on Tuesday. The verdict itself may be new but the content is old. Even the latest date about investigation by US was more than 1.5 year ago before IPO. It seems Telegraph has a dedicate person/team to find every opportunity to screw Darktrace. They could have just report it as ex-executive of Autunomy but instead they put Darktrace in the headline, this is absolutely disgusting.

It was bound to have some employees looking to sell since the expiration, hope yesterday has flushed them all out. I don't think the SP will recover swiftly under current climate, I'll be glad if it finishes above 335p today.

The Telegraph article says Ms Eagan was under “continuing investigation by the US DoJ” as recently as January 2021.

So there is no evidence that she is under investigation but the press phrased it to sound like she is.

https://www.techmarketview.com/ukhotviews/archive/2022/05/18/the-tragedy-of-the-mike-lynchautonomy-saga-continues

One of the many consequences of all this was seen today as Darktrace’s shares plunged 15% as the High Court papers revealed that Nicole Eagan, Darktrace’s Chief Strategy officer, was ‘part of the clique’ when she was employed at Autonomy. Although there is nothing to suggest she is a target of any legal proceedings either here or in the US. Readers probably don’t need reminding that Lynch was deeply involved in the creation of Darktrace.

I have empathy with the words of Justice Hildyard who said in the High Court report issued yesterday that it was a ‘tragedy’ that ‘an innovative and ground-breaking product, its architect and the company will probably always be associated with fraud’. But that he hoped his judgement does not ‘destroy the legacy of a wonderful company’ of which ‘Autonomy’s many former employees can remain proud’. Note – Quotes from The Times 18th May 22.

Indeed, a tragedy in every way.

I know what a UT is. If the UT price is higher than closing price, I interpret it as buy. Maybe not technically correct but it serves a good indication of buying demand, at least for me. The fact that it was not million shares 'sell' but 700k weak 'buy' is a positive sign.

On the other hand, If the after hour trade price is a lot higher than UT price, it is almost certainly a late reporting. You can look for the trade flag on LSE website to confirm.

It is really disappointing, thought all the bad news incl Mike lynch were behind us and the SP could finally grow properly along the business. How many times more do we need to endure falling off the cliff like this?

By the way, I sold around 40% of my shares at around 344p, If the SP drop below 300p tomorrow, i at least have fund to lower my average. I still believe Darktrace can deliver good results but now I agree with Sheltie that we may not see 500p for a long long time.

UT is a buy at 323.20p (closed 323.10) volume 755,482. At least it is not a sell.

I agree with Lending. In short term, SP will go up and down due to employee selling and day trader activities until new money comes in. In long term, cyber security as a sector is growing, and Darktrace is gaining customers and staying ahead in R&D.

Nobody know sh*t what the SP will be in a year's time, it mainly depend on Darktrace's effort in acquiring big customers (think CIA/Pentagon) and the development of major events in the world (war, Covid in China).

Disappointed. The entire market rallies but Darktrace SP doesn't even budge.

Darktrace have always used either million or multi-million in the press release, the absence of them suggest the value is under $1M. However, I think the purpose of the press release is to inform people that they are expanding business in that part of the world.

Deal after deal but the SP still doesn't go up. Really wonder what kind of result is needed for people to start loving this stock.
https://www.darktrace.com/en/press/2022/423/

What a relief that Nasdaq has stop haemorrhaging. Expect a sharp rebound if Nadaq opens green tomorrow.

Let's focus on the business prospect rather than share price...
https://www.nbcnews.com/tech/tech-news/costa-rica-declares-state-emergency-ransomware-attack-rcna28415

It can fall so much with so little volume