Member Info for bobocaca

No offence but when CR888 resurface, then you know the share price is about to drop

It is a chicken-and-egg problem, " startups do not aspire to achieve their maximum potential" because of lack of support from VC, government and stock market. It is better off selling the company than listing in London only to have stock price trashed by shorters.

https://news.sky.com/story/amp/russia-linked-cyber-attack-groups-want-to-destroy-uk-minister-warns-12860186

The new shorter is "Wellington Management Company LLP". I wonder if it is a name change from existing "Wellington Management International Ltd" or they use another subsidiary for additional shorting. Anyway, SP still rose. Today's rising pattern suggest a large buyer may have entered the market, let's hope the trend continues for a bit longer.

Lockbit made the same false claim against Mandiant in a about year go. A few months later, Mandiant was bought by Google. A sign, perhaps? https://www.bleepingcomputer.com/news/security/mandiant-no-evidence-we-were-hacked-by-lockbit-ransomware/

I think the update is not bad, and also believe will a bounce. But you'll never guess the market.

Stupid thing is not exclusive to stupid people. Even genius could do stupid things. If politicians are stupid, they wouldn't be able to graduate from Oxbridge but look at all sort of stupid things they have done.

Listing rules are not the problems, they are good, to prevent 'bad' companies from listing. The sort of companies that LSE tried to woo were SPAC that have all doomed. The obvious reason companies feeling from London is because of the low valuation. If I remember correctly, there were regulations that prevent pension funds from investing in 'risky' tech stocks. I do hope positive EY report come up quicker to attract a buyer and end this nightmare. That is the only ticket out.

AI-investor, keep your thought to yourself. Thank you.

It became super obvious that the so-called AI-investor is paid by shortseller and he/she didn't even try to deny it.

https://www.telegraph.co.uk/business/2023/04/02/bank-of-england-demands-cyber-crackdown-after-russia-attack/

The Bank of England has ordered lenders to bolster their defences against a major cyber attack amid fears Russian-linked hackers will attempt to plunge the financial system into crisis.

Officials at Threadneedle Street last week instructed banks, insurers and market infrastructure companies to wargame their response to a severe attack.

It comes after Royal Mail and the Guardian fell victim to ransomware gangs earlier this year amid a rise in high-profile attacks.

In a letter to executives, Sarah Breeden, head of financial stability at the Bank, gave companies a deadline of March 2025 to get their systems and emergency response plans in shape.

Average people have no idea how AI works and shortsellers exploit this to spread lies about AI being a commodity to encourage people to sell Darktrace shares. Today's news release about major tech upgrade shows two important factors in successful AI companies- talent/experience and data. Darktrace manages to quickly engineered a solution to combat new threat (ChatGPT) and this is not something competitors can copy easily without having customers' data that Darktrace has to train the AI. Good job DT!

claire, I disagree with your view about AI being ubiquitous. Yes, the application is ubiquitous but the tech is not something you can just download from internet (not anymore). OpenAI, the company behind ChatGPT has been amassing talents, data and experience, in generative AI for many years. Google, the behemoth, fails to produce a better chatbot despite of them being many many times bigger. This is equally true for other AI tech. Darktrace had a head start and that gives them advantage in producing better AI system.

Darktrace, or UK stock in general, is disconnected from the reality, i mean US stock market. Obviously the old dinosaur UK pension funds won't invest in tech stocks. The shortsellers just go around attacking each of the UK tech stock. Eventually, the only way out for Darktrace and other UK tech stock is buy out from US company/fund but this won't happen until EY clears their name.

Staff at NHS outsourcer Capita locked out of computers amid cyber attack fears.
https://www.telegraph.co.uk/business/2023/03/31/staff-at-nhs-outsourcer-capita-locked-out-of-computers/

An outsourcer that works with the NHS and handles the BBC licence fee has suffered an IT outage, fuelling speculation of a possible cyber attack.

Staff at Capita were unable to log into their computer systems on Friday, with the company confirming it was investigating a “technical issue”.

Employees have been told not to try and reset their passwords or use virtual private networks (VPNs) to attempt to log in, according to the Times, which first reported the incident.

The circumstances have led to speculation that one of the country’s biggest government outsourcers may have been hit by a cyber attack.

NCC plunged 40% today, that's why Darktrace is taking 5% hit. Honestly, haven't heard of that company before and I'm not sure if it is legit to link NCC to Darktrace.

Not all AI are the same, the AI that navigate self-driving car is different from the AI that writes essay.

GPT excels in words and images. I already know someone whose company fires bunch of copywriters and replace them with prompt engineers. How GPT currently work is that it requires user to enter instructions and user to act upon the GPT's result. It will need a skillful cybersecurity expert to enter the information and ask the right questions to find out potential security flaws and to actually fix it. This is a direct challenge to Google in search because that is exactly how we google. We google for a product to buy, then go away to complete the purchase outside of Google AI.

GPT will affect Darktrace but indirectly. From what I can see, this will not take away the monitoring services. The biggest threat is that phisher now use GPT to write phishing emails, making them more difficult to detect. I think that is why Darktrace released a blog yesterday, saying that they focus on understanding on the user behaviours rather than the email content itself. E.g. if someone does not normally receive email about invoice, then that should be flagged as suspicious.

https://www.standard.co.uk/business/ftse-100-live-nationwide-house-price-index-shares-markets-economy-gdp-recession-b1071298.html

Live updates
17 minutes ago
Cybersecurity shares under pressure as two firms post profit warnings
Cybersecurity shares are under pressure after two firms in the space announced profit warnings this morning.

NCC Group shares plummeted as it announced its profit for the year was now expected to be £28 million — 40% lower than previously thought.

Meanwhile, the Shearwater Group now expects essentially no profit, with revenue set to come in “significantly behind market expectations”. Its shares fell by almost 40%.

Both companies put the declines down to the wider declines in the tech sector, which led to their customers reducing or delaying spend on cybersecurity services.

The announcements had an effect on other cybersecurity businesses, with Darktrace shares down by 2.1%.

" DT's low r and d spend has caught up to them" sounds exactly like a shortseller. This is bull**** to the max. You have to understand Microsoft is completely in another level, their R&D spend alone is more than the entire Darktrace market cap. Furthermore, it is not just about money, Google spent a lot too but is not playing catch up. Even Darktrace and other cybersecurity companies spend every penny in R&D, it will still "never be enough" for shortsellers like you.

On the other hand, Microsoft is a partner but also a competitor at the same time. I have just went to watch the Security Copilot video and conclude that it is not a direct competition to Darktrace. It is a GPT that make it easier for security experts to analyse logs by typing in prompts. It is a not a tool that monitor email or protect your network 24/7.

There were a couple of big buys today (200k and 500k shares) but the SP still fell. Darktrace should really instruct their dealer to increase the buy back volume.