Member Info for CR888

Stumpy - where next ?

Yesterday Dark opened 363p , let’s see if we can break 363 p …

Allatsea - which other opportunities:)

Dark opens well this morning - let’s see

Nice ?? 615 p appreciated !

Good start

Is this a legal question ….

He is not involved in the company except as a shareholder

this question might be above most peoples pay grade , legal cases can take years and years

So they are allowed to still do a deal anytime with the Dark board ? Surely the deal would need to be approved by shareholders … yesterday Poppy did not seem to say anything bad about TB , mostly just the price ?

Click below for full Times article - it seems the Price was not right ! The buyout price plus incentives for those stakeholders / management/ employees was not right - although TB would be a great buyout partner for Dark if they could strike a deal … seems like this got leaked and the talks were rushed without enough groundwork before being made public … would not be surprised to see a more Organized bid in new year from TB

https://www.thetimes.co.uk/article/6280b59e-2f55-11ed-9b12-7a2e56f7aeb6

Will Putin attend the Funeral , surely a time to mend bridges !

Unlikely I agree !

These interim results are some 4 / 5 weeks

Let’s stay humble … and cordial … I believe TB would have been a great partner to Dark … but for some reason the talks fell through on price of acquistion and maybe the upside given to old stack holders in the new private company was too small too ! That’s why Poppy did not discuss it much ( 800 + most of us would have been happy with … but she was also looking at what she and her gang get in the. new company … and it is there that things might have been too large a Gap in expectations to fill so quickly ) TB I believe might offer again after 6 months … ( and other buyers too ) let’s see , over and out

Revenue in sales organisations is booked according to rules , like when the revenue is received , … contracts are signed for new sales and commissions for sales are given to sales staff I assume according to their formula , front ended or otherwise …. so they should be more careful on the dates these events happen and book accordingly … it seems to be less than 1 per cent of sales

Even if the buyout price at 6 billion was workable , TB saw the RNS listing all the Directors shares / options and employee shares , plus the shares of existing big 6 investors , …. How could 850 p a share offer compensate these stakeholders for losing out on future upside after 10 years work ? Would they still need to offer something from the new Private company ?

Yes certainly a great Queen , mother , wife , Patron of many institutions , charities and the Armed forces …
May she RIP and the country unite for yes King Charles !

I thought you would be interested in this story from The Times Dark day for Darktrace as shares slump after suitor backs out https://www.thetimes.co.uk/article/6280b59e-2f55-11ed-9b12-7a2e56f7aeb6

Agree too many messages from me in this debate today

One last thought , 10 years work since Dark was created , the stakeholders including Poppysnd KKR would still want to share in the future upside - maybe the current stakeholders were not offered enough future upside to agree to sell out at 835 p completely without any shares or too few shares of the future private company , 10 years investment … needs the right incentives

Agree Sheltie
The attitude is quite aloof … she is a mathematician so clearly she and I got the 800 ++ minimum … but why did the offer talks fall through - maybe the shares / share options being offered to employees / Directors not enough … maybe her role was not guaranteed 100 per cent , or maybe a big shareholder like KKR wanted more … how Serri its was the 6 billion being discussed …

Of course 300 p possible but not for long … sooner rather than later the ride will turn

Darktrace management will
Not be seen to react to these short term movements , they focus on their results and the next Octobef results

I agree these Takeover bid discussions were not as expected and negotiations on a price of 835 p , why did they stop ?

o 46% revenue growth
o 43% ARR growth
o We have over $1bn of deferred revenue, RPO
o We’re delivering this growth profitably, our FY22 adj EBITDA margin was 22%
o And we generated $100m of FCF, which is 108% adj EBITDA conversion

Next results in October first 2/3 weeks

Sheltie was talking about 650 p , Dark was discussing 835 p … I am on the side of Darktrace own valuation which seems even higher than the 835 p as talks stopped ?
Again focus on Dark , and your reasoned analysis , and thoughts and news

Keep this board constructive and cordial … this probably not the last Takeover bid from Usa for Dark

Does this telegraph article mention 850 p ?

Yes strange approach … maybe preparation for 6 months later and ML issue out of the way
Agree buying shares first better … but probably need to announce after say 5 per cent holding ?

Volume on Sept 3 was 12.5 million shares
Volume today around 4.5 million shares so far
That says something

In 3 weeks sadly some investors bought at over 500 p … let’s say in 3 weeks 15 trading days around 150 million shares were bought ar over 500 p or 750 million pounds …. Now we have great results yet to be reflected in the share price today

A relatively “kind “article !