Member Info for bobocaca

correction, 4 to 5x.

Nah, nobody know. It is a bit naive to assume constant growth rate. In the world of software, it is either explosive (exponential), or saturates then start to decline.

My version of naive estimation, is to look at how big a UK software company could be when it becomes a market leader. I reckon that is £12 to 15 B market cap, roughly 3-4x from today's price.

romaron, don't trust anyone, opinion don't count, read the facts. But to give you head up, CR888 aka Charles is very bullish and sheltie is bearish. Most people here believe Darktrace is a good company but the SP is hold up by Mike Lynch news and UK institutional investors that hate loss-making tech stocks.

https://www.cityam.com/darktrace-signs-multi-million-dollar-deal-with-top-global-airline/

Yes I believe this board could influence the SP especially when the volume is low and the big guys are not trading.

There are many non-regular appeared here yesterday, like yourself. Why? To seek information to better make your trading judgement, if that is not why you're here, then you really shouldn't be here. Most people would Google Darktrace before buying it and this board often come up top in search result.

Furthermore, we have some hard facts yesterday that show Telegraph's article was a lie including reply from IR with some numbers, check on the short positions.

Of course there is no prove on how influential we have, but the fact that you are already here debating about it, already mean something, don't you think so?

I believe what we do here have an impact in the share price. There are many amateurish investors who easily got spook by headlines, we use our collective knowledge to spread the correct information. If that's what IR reluctant to do, then that's what we'll do it.

It was a great team effort yesterday, well done all!

With regard to Telegraph, I got a reply from the writer Laura Onita, it was very short, basically she just said the report https://www.sharesmagazine.co.uk/news/shares/darktrace-falls-5-as-confusion-reigns-over-shorting-attack is wrong.

Luk's reply to me wasn't personnel.. guess I can post it in full.

You are absolutely right, Shadowfall has made some false observations about our business, and the Telegraph have given them some credibility by publishing them. It is disappointing.



We don’t want to get into a situation where we complain or report anyone to the regulator, the accusations are so ludicrous that anyone studying our financial statements can see that they are outright lies. Let me give you two examples



They claimed that we are winning customers with a deal size that is down 21% since 2018. Remember we have disclosed that average ARR per customer in FY2018 was $65k, it was $64k in FY2021, and based on our trading update last week you can infer that the average ARR per new customer is at least $74k. So it hasn’t gone down by 21% it has gone up by 14%.
They claim our two year churn is 26%, without showing me the workings. We report churn publicly, it is an audited metric, it is calculated on an industry standard definition of 1 year gross cc ARR churn and it was 6.9% at the end of Dec, down from 7.6% at the end of June. Extrapolating that to 26% over two years is blatantly inaccurate.




I’ve been able to explain to many investors today that this is the case, and I think by next week Shadowfall will be in the same positon they were in before the weekend – nobody will remember them or care about their opinions.



But we are Darktrace, we have over 1700 employees, over 6500 customers, they trust our people, our technology, and they respect our integrity. For us it is important to maintain that integrity, and we will do that by having our numbers do the talking for us.

"NT to buy for £20k+ into close. Seems very odd for a share of this MC if they have a glut of shares and shorts aren't closing..."

sanchez, care to rephase that in layman term?

I have now lodged a complaint to ipso.

Also, the date and time of the publication hasn't changed.

No, it was already there. Check out my first post on this https://www.lse.co.uk/ShareChat.asp?ShareTicker=DARK&share=Darktrace&thread=0EA21A39-4DDF-45F6-912D-C05B8E6A1BBB

I didn't notice any change, what has changed in the article?

I have just submit a form asking Telegraph to correct their mistake
https://www.telegraph.co.uk/customer/contact-us
I'd urge you to do the same, select "Editorial" as option.

https://www.sharesmagazine.co.uk/news/shares/darktrace-falls-5-as-confusion-reigns-over-shorting-attack

Yet there appear to be mixed messages, with some market watchers claiming that Shadowfall’s shorting attack note to clients was first published in October 2021 and that the short-seller has since closed its Darktrace position.

Short Tracker data suggests that there is currently no Darktrace stock on loan to short sellers, including Shadowfall.

Hindy, hahaha, it actually looks quite nice. You must have one yourself.

Charles,
"... Dark are talking this week with 3 dozen funds...". Where did you get that information? They having investor meeting?

After reading everybody's analysis and thought about the shortselling, I decided to cancel my loss limit at the very last minute this morning. Instead, I bought about £11,000 of shares at around 419p. I think Darktrace and this board are becoming a bit of a cult to me :) Just gotta put faith in it and support it with action.

The title was misleading, it should use past tense 'launched' instead of 'launches' as it happened back in October.

Apologies, I should have changed it like other websites when posted it here. To re-iterate, this is not something new, instead it signals the end of shortselling.

It doesn't matter how big the short, it happened since October, but it was enough to fall the SP 60%.

If you read the full article, you'll see what ShadowFall is saying now is almost identical to Peel Hunt's old report. Some of which have been debunked in latest trading update e.g. accusation of high churn rate and low subscription fees to attract new customers. I hope that the big investors now see that the SP fall was due to shortsellers and not loss of confidence by investors.