Member Info for chumba

why the dip today?

Didn't BT sell MM02 as they saw no future in mobile telephony? Plonkers!

Seaking...(my uncle once worked on them). I assume that my meage holding of 0.00001% doesn't require an 8.3?

Is an Opening Position Disclosure form required by the Takeover Panel of the United Kingdom. Form 8.3 states the level of material interest in the relevant security of a UK listed company that the subject of a takeover. The subject or target company in this situation is known as the offeree company.

Rule 8.3, Disclosure requirements of the Takeover Code (the “Code”), lists the events and requirements for using the form any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified

Therefore, any person or institution that has an interest of more than 1% of the share capital of a company in a bid situation (on both sides of the transaction) must disclose any dealings in those shares and their resultant position. Form 8.3 is similiar in nature to the Schedule 13D in the United States as required by the SEC.

And English is my mother tongue...or is this written in double Dutch?

Darktrace (GB:DARK) stock soared after it confirmed that it has been approached by the U.S.-based private equity firm Thoma Bravo for a takeover, with talks in their initial stages.

An offer is expected by September 12.

Thoma Bravo has been on an acquisition binge in the technology industry for quite some time now. The company acquired Ping Identity (NYSE:PING), a software company that provides intelligent identity solutions, for $2.8 billion.

Darktrace stock jumped by 24%. Darktrace’s stock has been volatile in recent months; the stock gained 44% after dipping below the mark of 300p in July.

Many analysts also see this as a positive move, considering the volatility in Darktrace share prices.

Victoria Scholar, from Interactive Investor, said, “It has been a difficult year for M&A and IPO activity, given the volatile stock market landscape.

“Perhaps a privatisation of Darktrace is the best way to avoid the uncertainty of this year’s market gyrations, with the potential to float the company once again in the coming years once confidence is restored in equities.”

What is Darktrace in cyber security?

Founded in 2013, Darktrace is a cyber security company focused on innovative AI tech. It is among the highly popular areas in tech due to high cyber security demand due to hacking threats after the Russia-Ukraine war.
The company leads the AI-based cyber security space and provides solutions for threats such as ransomware, cloud attacks, SaaS attacks, and more.

It has more than 7,000 customers around the world, with some big names including Coca-Cola, Jimmy Choo, Anheuser-Busch, McLaren, and more.

Is Darktrace stock a buy?

According to TipRanks’ analyst rating consensus, Darktrace stock has a Moderate Buy rating. The rating is based on three Buy and one Sell ratings from analysts.

The average price target is 629.5p, which shows a change of 23.1% on the current price level. The analyst price targets range from a low of 320p to a high of 998p.

After the takeover news yesterday, Alex Henderson from Needham reiterated his buy rating on the stock. His target price implies an upside potential of 95%.

for 570 by COP.

Out of the dark
If only Darktrace simply had to deal with cyber threats. Instead, it’s had to grapple with constant questions about founder investor Mike Lynch: the ex-Autonomy boss fighting extradition to America to face criminal charges for allegedly fraudulently inflating the software group’s value — before 2011’s sale to Hewlett Packard for $11 billion.

He protests his innocence. But it’s all cast a shadow over Darktrace, which Lynch helped to build with other ex-Autonomy staff, including chief executive Poppy Gustaffson. Lynch still owns 4.3 per cent, while his wife Angela Bacares has almost 8 per cent: a stake trimmed last month via a £20 million share sale.

So it says something for Darktrace that, despite all the noise around Lynch, it’s a rare 2021 float that hasn’t bombed. Listed at 250p in April last year, the shares hit 945p in October before Darktrace proved that even a cybersecurity group built on whizzy artificial intelligence couldn’t withstand a 51-page “sell” note from Peel Hunt analyst Oyvind Bjerke. His view that there was a “disconnect” between the soaraway “valuation and the ultimate revenue opportunity” tanked the shares.

Even so, they were still drifting around at 415p before tech-focused buyout firm Thoma Bravo pitched up with some “preliminary and conditional” takeover proposals — enough to send Darktrace up 25 per cent to 515¼p, where it’s valued at £3.65 billion. Bravo bought rival cyber outfit Sophos for $3.8 billion in 2019, offering a 37.1 per cent premium. But Needham analysts reckon Darktrace would “reject an offer at a 40 per cent to 50 per cent premium”. Really? Given the Lynch baggage, investors may well settle for less. A quick IPO profit brings security of its own.

when on the page, go to News and the article is there!

https://www.army-technology.com/news/bab****-iai-elta-partner-support-uk-serpens-programme/

it is STRAP 2 level...

No...they are a multi faceted company...unlike FlyBe.

Cor...the last time I was in Farnborough was with my pal, the late Mark Fisher of Matt Bianco fame. We had a great curry at the restaurant at the end of the runway....an executive table all to ourselves!

Remote Monitored Systems PLC ORD 0.01P 16/11/2020 Completed Investment ISA Sell 30000 2,124.00

The good old day when this reached 7p!

so expect the sp to dive now!

is suffering at airports due to a lack of staff released due to the reduction in demand recently. Easy to sack, but to hire and train is not so simple.

Sorry...Murano near Venice, not Sud Tirol.

But will it ever beat our favourite B and B in Merano, with its breakfast terrace on the banks of the lagoon!

Go for it Stumpy...you know it makes sense!

At some stage, this will take off again. Perhaps it's blue skies today and the news earlier has lifted spirits. I usually think, that iis who are paid to invest, have a bit more understanding of market and company dynamics as opposed to the majority of pis (myself included) and I'm happy to ride on their coat tails. So, I topped up and after much churning, the thing is now slightly higher than my entry point.

buy and the blodlich thing immediately drops!

And more to come...but hopefully the German govt won't wish to bankrupt a company that it has bailed out. Some consultation I suppose is that they are supporting public transport over the next 3 months with a E9 per month season ticket!