Member Info for Dartron

Not looked here for a while. I sold mine at 239p, was really bummed to do so. But placing more emphasis on momentum this year. I have just back a tiny slice at 216p. Well chuffed.

AGM in March, I expect the authority to be renewed, so buy back reset to 10% again.

NCC Group has purchased a total of 2,991,195 ordinary shares since the commencement of the buyback programme.

Circa 304m shares in issue, getting close to 1%. Fascinating that liquidity allows short sellers to continue to press the price down.

They are 4% short ~ 12M shares.

3/2/26 - 797,018

2/2/26 - 597,066

1/2/26 - 201,150

29/1/26 - 396,465

@JamesOxford we are saying the update is not written well, and does not inspire. Whether you are bullish or not is irrelevant.

It tells me that YOU dont have any ammo to come out fighting with against the shorts. On current valuations multiples YOU seems a decent investment, I would think from the shorts POV, we are approaching fair value, but there is nothing occurring to force a covering, and I still think they will take this below £2 as a final destination. Currently price is 42% down over 12 months. I think the best thing would be for the BOD to find a buyer, in fact, I wonder if they will launch a strategic review with the results. YouGov will publish its results for the six months ended 31 January 2026 on 24 March 2026..

Its a very similar update in wording to last years. Nothing in there to encourage buyers. Last years was when Steve Hatch left, so back under new leadership they could have written it differently. No numbers in there, pretty pointless update given the situation. UK Tech stocks lower this morning wont be helping.

40k per point - 40000 * £2.27 = £90,800 nominal exposure, and importantly £40k per tick... I don't think so mate.

I doubt even Marshall Wallace would add that size down here, the RR just isn't here. I think they gap it below £2 then cover fast. Bet it closes back at £2.20.

20 points for the long trade tomorrow, probably a better set up than a short to be fair.

Lets hope Yougov doesn't catch a bid tomorrow, we'd all miss you, after you blow up.

I think they would need a CFO for a trading update. Not ideal, but I'm not panicking either. He wasn't very engaged was he, with his 500 shares.

Disappointing for sure, though entirely in keeping with the last 3 years.

FW are stuck between a rock and a hard place. They are going to have to buy this, even if they want to get rid of it. I cant see there being enough liquidity to support an exit even at £3.00 on the market. So that said, they would be wise to buy more, if they want a lower price. If an offer was made by another party, they probably have enough to swing the vote either way, but I think they just want out. Therefore, they have already set the sale price at £4.00 (by indicating they would support it). Management need getting rid of - I agree with FW on that one. Amazed it didn't drop more today, I had buy orders set much lower, shows that we have reached fair value. My £3.00 entry last week has proven to be great risk/reward ((-10% drop + recovery)/+33% premium at £4) I continue to hold.

Bytes Technology Group plc, one of the UK and Ireland's leading software, security, cloud and AI services specialists, announces that effective today it is commencing a share repurchase programme of its ordinary shares of £0.01 each ("Ordinary Shares") up to a maximum aggregate consideration of £25 million (the "Repurchase Programme").

Quite a small buy back really. I know they are loaded with cash circa 100M, so why not continue the buy back. It should be on going, indefinitely.

I like the set up, and its a fairly low float (especially when discussing shell etc).

When I look at Bytes one problem I have is the lack of research, or investor relations info. Having said that FDM and CCC both put out updates saying Q4 was stronger than anticipated. Its a cash machine for sure, why not do another buy back. I hope the SA investors are leaning on the board for capital returns.

Exactly that, we had news today and the price moved 20%. Cuts both ways.

Interesting to come back and review past decisions, selling EKF was a difficult decision at the time, having been invested for so long. But looks like despite buy back, any claims of improving fundamentals, share price is at the level which I sold at 12 months ago (give or take, I got a bad exit to be fair). If you look on a long term chart, you can see that growth stalled in 2018, and if you ignore the covid blip (wild times!) 25p to 30p is where this stock has always traded for almost 10 years. That being the case, I would want 6% yield to be invested year, and sharper management.

I will put a tick in the check box "good decision" on this one.

Took a position at £3. bargain considering the R/R. But as I understand it, Fits have not made an offer, have until Feb 2nd to make one or most likely will need to shut up. PUSU unlikely to be extended as board not engaged and no other interest. It is a standoff between them both, who will blink first.

You would think Fits would be crazy to let this slip away now, but if it did, they are only locked out for 6 months. Would they miss much? I expect shorts will pile in, price will go lower in that scenario. Left my self room to add more if needed on any puke.

Fits might as well make an offer without DD IMO at £4. That puts the board on the back foot, and I dont think they have a firm defence.

This used to be £16, only gone down. Board to need to face facts.

I have trained chat GPT up on CTA, have a long thread discussing many aspects. Here is what he made of CFO leaving (summary)

Why AIM is a turn-off (especially after you’ve done it once). AIM CFO life = permanent explaining. Explaining valuation gaps you don’t control.

Explaining liquidity. Explaining why “the numbers are good but the market doesn’t care”. You become the shock absorber between: a founder who wants patience, and investors who want results now. In private: You focus on cash, controls, margins, covenants. You answer to: one board. one owner / PE sponsor. No daily share price judgement. No RNS wording gymnastics. No “why is this on 0.3x sales?” conversations. For a lot of CFOs, that’s not hiding — that’s doing the actual job they trained for. Why this reinforces your misalignment read.

Put it together:

Token equity buy → low personal upside

Founder still driving narrative

Otus stepping back

AIM undervaluation persisting

CFO career risk asymmetry (CEO stays no matter what)

At that point, the rational thought is: “I can be right, do a good job, and still look like I failed — or I can leave cleanly now.”

I cant top up here due to concerns over the momentum of the share price, not the business. AIM has rallied 8% so far this year, but not here. CTA are deserving the low rating, if they cant play the capital market game. Cash parked here is going to win through eventually, but may be able to generate better returns else where and at a faster rate. Expect MM's playing games re share price.

Worth mentioning that Moonpig now has over 3% declared short from 2 firms.

also, try a google search for 'Birthday cards' and one for 'Online Birthday cards' both return FP as the top hit, above Moonpig. They would be paying for that surely.

Went past a card on Sunday afternoon, it still looked busy for a quiet time of year. Hoping they meet the forecasts.

£114318 - 81656 shares x £1.40. Shows confidence.

Think its shorts buying back before update, is it due tomorrow?

long term chart looks primed for a break out, straight to 1.80p IMO (probably wishful thinking, more than TA)