Member Info for cefncribwr

Divi pays for my Jamaica trip in January, looking forward to being in the sunshine when it’s cold and damp here.

I like the idea, even if the reality is of course that your dividend was effectively lost when the share went ex dividend and the price of your shares fell accordingly.

In a statement to investors the company said: “Darktrace has determined that $3.8m of revenue it had been recognising in [financial year] 2022, including a portion recognised and reported in its unaudited [first half of] 2022 results, was related to prior periods and should instead be recognised in FY 2021.”
David Reynolds, an analyst from Davy Research, described the accounting restatement as “an oversight”, adding that it is “probably not a positive in terms of investor confidence”.

Darktrace chief executive Poppy Gustafsson told analysts on Thursday that Thoma Bravo was not aware of the accounts restatement before cancelling the potential buyout on Wednesday evening.

.....is surely to be found in this sentence from the Daily Telegraph report:
The buyout fell through hours before the Cambridge-based business said that millions of pounds in revenue had been wrongly recognised in this year's accounts instead of last year's.

Some shares sites adjust for xd, thereby showing a small gain today, but some do not and are showing a large loss.

Mmmmm. .....LSE have 4805 as the price, not what shows here.

Mmmmm. .....LSE have 4805 as the price, not what shows here.

So the shares opened at 6 pence lower than their notional ex div price but have now reached £48, so now up a bit and slightly higher than I expected but no real surprises.

Agreed that 4600 would be a good entry point. There's been quite a lot of volatility with this share, so it's quite possible that we will get that opportunity before too long.

Interesting to see what happens tomorrow but this is what happened on 12 August 2021 (dollar priced RIO shares):
The mining giant is paying its shareholders fully franked dividends totalling 760.06 cents per share. This comprises an interim dividend of 509.42 cents per share and a special dividend of 250.64 cents per share.

As a comparison, the Rio Tinto share price has fallen 879 cents today. This means that 86% of this decline is attributable to the dividends that will be paid.

What about the rest?
The rest of the weakness in the Rio Tinto share price is likely to be due to profit taking from investors.

Strange how the share price generally falls more than the amount of the dividend once a share goes ex div. Seems to happen nearly every time, and not just for RIO!

I can't disagree with that. And I suspect that the downward re-rating of growth shares has some time - maybe years - to run. After all, value shares were out of favour for many years before coming back into favour recently.

Front page of ST yesterday, mentioning that the number of shares out on loan....6.2%...
have not been this high since October last year and that hedge funds are shorting as the cost of living crisis bites into household spending. Soaring inflation is likely to slow the trend towards more upmarket drinks according to the article.

"Glad I bought a load at 320 - just keeps giving this share".
??????

I take the point that I shouldn't post about another company on here and will bear that in mind in future. But neither should this forum be an echo chamber when there is interesting news or a tip about another company competing in the same space.

AIM cybersecurity software rival Kape Technologies were again tipped by the Investors Chronicle today and have risen an astonishing 26% this week. IC like their latest earnings enhancing acquisition of Express VPN and say that on a forward price/earnings ratio of 13.8, the rerating has further to go. Kape is apparently forecast to deliver cash profit of around $172m in 2022, up from $74m expected in 2021 and $38m in 2020. I hold Kape but not Darktrace (essentially as I do not tend to hold shares in loss-making companies). Kape now owns Express VPN. CyberGhost, Private Internet Access and Zenmate and looks like an exciting company. Kape's market cap is about half that of Darktrace. Kape doesn't appear to get the attention they deserve on these forums. Maybe it's the name, and a name change of the holding company to CyberGhost would catch the imagination! DYORAA.

I'm going to watch how these cyber security shares go on a head to head basis, as the share prices are now very similar. I suspect that Kape may well overtake DT by some margin soon, based on DT's negative momentum, but who knows? I hold Kape but they too have suffered in recent months with a falling share price

Kape's market cap is half that of Darktrace and it is growing fast through acquisitions. It is a cyber company that makes profits too. Why would you choose Darktrace above Kape therefore? Any thoughts?

Plenty of stale bulls on here, I see. 'This is a bargain" / "just topped up " etc.
The reality is that this is a loss making company with a very high market capitalisation. The shares are in freefall. Best to ignore echo chambers such as these forums and just look at the sobering reality. People lose a lot of money through following bullish messages in these forums.

I stand corrected, ijgs........Lynch is a Darktrace shareholder rather than a director.