Member Info for bobocaca

I don't believe new shares are included in trade, they certainly weren't traded at 8.20. The 3.6M@820p sale was recorded as off-book trade at LSE.

That's about £20M shares sold after market today. Looks like institutional investors started offloading.

Agreed with Mando. To decide to hold or not should depend on how much and how fast the SP will fall. If you believe it is only small drop, or it will bounce up so quick that you won't have time to buy, then hold. Otherwise, it is smarter to sell and buy back again when it is lower. So it is all down to what you think the SP is going to be.

Deliveroo, Wise, Alphawave, ... the tech listing in this years are below their first day IPO price. I think mostly down to sentiment not hard facts. Darktrace is the sole survivor but it is also struggling now. Will Oxford Nanopore suffer the same fate? Well ... flip a coin.

The problem is not with the company fundamental, it is a good company. The problem is the UK market and that includes both the analysts and investors. This market (or this share only) doesn't make any sense, the SP can drop 7% for no reason, or drop 35% when there's a reason.

It is too stressful owning this stock. I'm out.

I didn't mention any SP, even if I did I would also advise you not to believe that simply because I said it.

Anyway, I was only saying 2 scenarios could happen. Which is more likely to happen, I don't know. If ML offload, yes, the price will plummet, but will he? I don't know. Just like you don't know if me or any of us will sell the shares next minute. (FYI, I'm holding shares now and I'm very much want to SP to end above 600p today).

Don't listen to others about SP because nobody has a crystal ball. This is an extremely volatile stock, the day after the last trading update, the SP went up 7% and then fell down back in 1 single day. Current SP is even lower than before the first financial report which doesn't make any sense. On fundamental level, SP is way too cheap now. At this price, I doubt many retail investors are in big profit (if any), so I doubt many of them will be selling. Similarly, they likely won't buy now before an upward trend emerges. So now the ball is in big players - the fund and big shareholders.

If guys like Mike Lynch decide to offload, then SP will plummet; on the other hand, if some FTSE funds had not bought in and have to do it now, then SP will go up. Currently, the best bet is the quarterly financial report that is due in December.

The next quarterly financial report should be around 10th December 2021 if I remember correctly.

Tesco was hacked recently, hopefully Darktrace sales team did not waste this opportunity (given their huge sales expenditure).

What caused the recent SP collapse? Peel Hunt? End of lock up? Those were only half the story.

The main reason is the attention and publicity gained by entering FTSE 100 (be careful what you wish for). Darktrace is now covered by main stream media like Telegraph, Guardians and daily FTSE update. Therefore, the effect of any news will be amplified. I bet few would have realised about the expiration of lockup if not reminded by Telegraph (even people in this forum were not sure about the exact date). It was this publicity that spread the fear.

On the other hand, any good news will spread fast and far too. I believe the worst has now passed. We now just need to sit and wait for a good news.

If I was Mike Lynch, I would sell them slowly and discreetly in the open market to avoid unnecessary publicity which would be a huge blow to the SP and hurt his friends at Darktrace. However, no one will really know for sure but it is fair to say that the absolutely lowest possible SP is 500 ( even if it fall to 475 as Peel Hunt suggests, it will bound up quickly). Just in case, I have reserved 40% of my money to prepare for the scenario.

It looks like big guys are selling shares at 600. If they're done selling, and if there's no more bad news, the SP should rocket once break out from 600.

Given the sentiment of fearing Mike Lynch dumping shares, the institutional investors will surely ask for big discount. I say it will be between 550-575.

Yes, now is the time.

Where did you camp? Gotta try my luck there for the next share to buy :)

The Oxford-based company seeks to raise 350 million pounds, according to the terms. Existing investors will sell as much as 126 million pounds in stock. The shares will be marketed at 375 pence to 450 pence each through Sept. 30, and start trading the next day.

https://www.bloomberg.com/news/articles/2021-09-23/covid-test-maker-oxford-nanopore-plans-649-million-london-ipo

From market cap perspective, it is reasonable to expect Darktrace to grow to about £12-15B , hence my prediction of 2000p. I used to hope that Microsoft would buy up Darktrace to give us a quick exit. Now I hope they stay independent and grow to becoming a £30B business, hailing new era of UK tech companies.

I was feeling so down over the last weekend after panic selling at 800p, kept thinking about all the money that I could have made. Anyway, regretting won't changed the past, what's done is done. I have been monitoring the stock price closely, and concluded this is a different game now. Darkrace is no longer a niche stock that could easily manipulated by a day traders.

I braved myself to put all my money back on Tuesday, with average price of 906p. Today I'm glad I did. If you've owned this share for a few months, then throw away your rull book. It is a different game now, don't bother about shorting. I think it is totally possible to the SP to hit 2000 in a year time, it is only 100% increase from now.

I almost clicked the button to buy back at 922p. Then I thought, that's more than my target price of 900, and recalled my mistake of buying at 767p before 'the' sell off in early August. Lesson learnt.

Hi everyone. I've been watching this chatroom for a while and I'd like to share my thought. I first bought the share at 375p in May but being a newbie, I made many newbie's mistakes, bought and sold share at wrong prices, and only made profit on Wednesday. Throughout this 5 months, I learned a lot, surprise that I made decent profit in my maiden year.

Ok, my view on the share price. The sentiment of darktrace has clearly changed. The financial result and ftse inclusion attracts many institutional investors, and therefore in my view the price will never collapse and rollercoaster like before. In medium/long time, I agree with @Charlesrixon. The price can hit 1000-1200 in this quarter (this has became fairly obvious now). However, I think the price has risen too quickly in the last 3 days, that leave little room to sustain to the end of the quarter. Before today, my prediction of today's share price between 850 and 900, I sold all at the bottom end of the range. I should have waited but I don't feel that bad now the price has fallen back to region around 855.

My prediction is that, 850 is the support, if it fall below this today, the price will free fall on Monday. I don't know how fund manager's buying habits but I looked at the last few stocks that entered FTSE250 (I forgot which), their price fell on the first day. So there is no guarantee that the fund managers will be flocking to buy on Monday.