We would love to hear your thoughts about our site and services, please take our survey here.
oldgold, instead of buying share from the market, they can issue new shares to their employees which will dilute the shares. Buying share back at near IPO price doesn't look outrageous to me. Yes, this will impact the company profit but what good is the profit to us if the SP tanks ?
Don't hope for a bounce. In fact, just don't look at the share price at all. One day, the SP will shoot to 500p and above if there is takeover bid. Before that, the SP is hopeless, it would be shortlived if it bounces.
oh my god, I'm not sure if this is scaremongering or genuine stupidity.
The trading update is for 3 months ending 31st December and the account does not magically appear after coming back from holidays. You need people and time to do the account and therefore the trading updates have ALWAYS on the 2nd or 3rd weeks of the month.
Of course what I said is only a speculation. Anyway, I do not think it is just a growth stock issue, it has been hit much harder than other growth stocks in the last month. If this was a normal market reaction, then it is more likely due to selling of cybersecurity ETF triggered by SentinelOne/Crowdstrike etc.
While the big shorters may have gone but there is still force in play to suppress to SP. I don't see it growing above 330p in foreseeable future. However, I find it strange that there hasn't been RNS lately despite of the drastic fall - no statement, no big shareholders/directors sell/buy. Hm... I'd say a takeover is imminent.
https://seekingalpha.com/article/4565234-darktrace-stock-available-attractive-price-now
Yup, there you go, a gigantic 10M UT. I had fallen to their trap a few times - panic selling when SP collapsed then suddenly the price shot up after they're gone. This has always been the only reason of the volatility. Director's selling, analyst's report etc are only the spark they took advantage of to start a fire. The business has been solid.
Now the shortseller is gone (for now), and trades are usually less active and hence less volatile during the festive season. And also earning report is due 2nd week of January, I'd say it is quite safe to buy now.
My theories on SP fall:
I'd expect an RNS notifying shareholding change by now if the shares were dumped by big shareholders, so probably not.
Vanessa was going to sell her shares after resigning (now that she doesn't have to declare ) but I think she only had 5M shares, couldn't have done so much damage.
Given that the sell volume seems to increase between 2-4.30pm, I believe some US companies are involved, maybe the 'hyena pack' who work in pack to avoid going about 0.5% shortelling threshold to declare. I believe this is the main reason, then of course SP fall prompts employees and others to sell to get some cash for Christmas. Then I secretly hope this was Thoma Bravo driving down the price in preparation to buying up Darktrace.
Now that all the inflation and interest rate news are out, I really hope the stock market can settle down today.
If it was one person who has been selling in recent days, then I'd expect RNS to inform about shareholding change. Anyway, the US interest rate will be announced today. Either SP goes up tomorrow, or we are doomed until the next earning report in January, or takeover offer, whichever comes first.
Speaking of takeover, Thoma Bravo has recently raised $32B fund, has enough ammunition to buy Darktrace 10 times if they want to.
https://www.prnewswire.com/news-releases/thoma-bravo-completes-32-4-billion-fundraise-301696723.html