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This is good.
This is very good indeed.
The ML hold has now gone with Invoke being unable to take a seat in the board and it is full steam ahead.
Can’t see this staying a solo operation for much longer now. The gremlins are gone and the new security clearance from the US has surely got to place a very big target on Darktrace’s back …….
Nothing about premium listing or partnerships he was touting before…..
And Capex is still too high.
Groundhog Day again.
The arrogance is staggering
Just to be clear Peterrr - are you saying you don’t see the point in food critics being able to sample the ‘human’ menu offerings? If they want humans on board then they must allow them to sample the food and have taster offerings as part of the process. Same as you would have had for other product that is now considered mainstream.
Dogs will eat pretty much anything ‘meaty’ or otherwise - they really don’t care. It’s the owners you need onside
Https://www.telegraph.co.uk/columnists/2024/04/07/william-sitwell-meatable-laboratory-grown-meat/
Https://www.independent.ie/business/technology/mike-lynch-backed-legal-tech-firm-raises-40m-as-he-fights-fraud-claims-in-us-court/a1095176449.html
They’re not relating specifically to dark trace, much has been mentioned on here about his association with dark trace and the negative impact people think it has. This article perhaps serves to show that things have moved on, and if other firms in the US are happy to deal with him and take his money, then maybe we shouldn’t be so hung up about it this side of the pond.
Https://finance.yahoo.com/news/ithaca-energy-plc-lon-ith-051051241.html
JW - good morning.
Not what we were hoping for!
Do you see additional shares being offered at a discount? If that was the case, I wonder what they will pick as the date at which they discount the SP to closing market price because there’s a hell of a difference between last week and this week., even yesterday and today! Dilution is not my favourite word……
If he was make an offer, and that’s a big if, it would not be at anything like the level that most investors who have not sold out at a complete annihilation, would accept. You are still looking at pennies per share ….. So with that in mind Pearls, what do you think his offer is going to be because clearly that is what you believe is going to be happening in the very near future?
What would annyone on this bb accept as a reasonable offer?
Oculus - exactly right. The current sp isn’t low in relation to earnings or revenue metric.
I think there is a lot of obfuscation between what could be/ may be against the reality of the situation.
Numbers don’t lie and the sales and revenue are dire. Would that it were not so.
Richard Griffiths is not Cirata and I think a lot of wild hopes are being pinned on him riding in on his trusty steed and saving the day.
Cirata is not Richard Griffiths - you seem to conflate the two!
The lack of new business is telling here. Their last update was clear that they needed to see progressed growth, particularly as they heavily touted their new Go To Market strategy. By their own admission, it’s NOT going to plan - growth is slower than anticipated. New business in single digit £m is not going to cut it ….. and if you are really honest, would you not say you expected sales growth to be higher, if not much higher?
Pearls - these results are just not good enough. Your enthusiasm as yet remains undented but you must see that this is not a good update - the market does not reward trading in line with expectations, let alone slower than anticipated growth.
Mr Kelly announced in 2023 that Cirata would be market leader within 4 years. The climb just got a whole lot steeper
Steviewonder77 - the RNS was only released this morning. You’d have thought they’d have been quicker off the mark, even with the Easter hols…….
Issuance of over 2M new shares at a discount ref loan conversion has had the expected effect.
Aghhhh …..
I see KKR have sold down 2.5%ish ……
Https://www.ig.com/uk/news-and-trade-ideas/_iag-s-share-price-showing-signs-of-life-240402
Https://businesscloud.co.uk/news/report-finds-thg-is-not-a-bag-of-spanners-company/