Member Info for fastduckharry

Weren't Balderton one of the recent DARK sellers? Have announced a new fund, £505m, for early startup investment. Likely the money raised went into this pot.

https://uk.finance.yahoo.com/news/london-based-darktrace-backer-balderton-102651718.html

Fraser McDonald CFO, has sold the shares he was recently awarded under a company share scheme. He probably needed the money. As the share scheme has around a million options left, it is likely, he will be receiving some more.

More significant is the purchase of 17,950 shares @194p by Non Exec Director, William Meldrum. He already holds shares and was not obliged to buy. Reading his background on the Beeks' Governance page would suggest his expertise is in Data. So he should have more than an inkling, of the direction Beeks are headed.

I see RBG posted their results today, more doom and gloom, though as you remarked regarding the Nightcap results, only as expected. The summer, post results, has been good. What happens now going forward will determine success or failure. As a shareholder, now, don't want to see anymore fundraising by issuing shares at such a low sp. It is a dilution trap which is hard to escape from. For me it is up to the management of Nightcap to prove they are worth backing. By pulling everyone together and working hard to not only achieve a good set of results but to ensure the customers leave happy enough to come back and spend their hard earned money again. Also leaving good reviews on the likes of Trip Advisor, encouraging others to join in the fun. In other words get noticed for the right reasons. Perform well enough to be tipped as a buy on the back of a year of impressive post covid lockdown numbers. Get the analysts excited and institutional investors wanting to invest.

Right sermon over, am off out. Will come back if there is something to talk about. Keep up the good work shandypants

Sorry Shandypants, didn't mean to step on your toes. Am new to Nightcap obviously and hadn't got around to reading the posts, just today's. Now am here, will be keeping up to date with the news and posts, won't make the same mistake again. Though I can't promise to agree with you always.
Your mention of Revolution Bars, has had me looking at them. They were on the slide before Covid, hopefully Nightcap can ruffle their feathers. I think they could be more attractive to young women, having a girls night out, in any case.

Also clocked the lse adjustment to c.ocktails, will also bear that in mind if posting again.

How long I'll stay depends on the post Christmas H1 update. Am here now because am expecting very good numbers then.

Below is an extract from JDW trading update rns Nov 10

In the last 15 weeks, there has been a considerable increase in sales of the range of drinks often consumed by younger customers, for example ****tails (+45%), vodka (+17%) and rum (+26%).

This confirms that the recent bullish Nightcap trading update was not extraordinary. Their establishments do cater for younger customers, particularly women who enjoy a good time and ****tails. With 3 new venues open this month, it would appear that Christmas is going to be very jolly for the group. Looks like the right time to buy.

A decent sized block of shares sold after hours. The mm have given themselves some wriggle room with a lower selling price.

12-Nov-21 16:40:09 187.727 55,000 Sell* 194.00 200.00 103.25k

Don't think the current buyer will chase the price over 200p. Therefore the sp likely to fall back to just below 180p unless there is news. Can't guarantee it will be good. Though the noises coming from BKS and reading between the lines in the Final Results, suggest it would be a shock if not more than just promising. Shocks do happen though, it has to be said.

GLA.

Wetherspoons reported this week that older people are not visiting pubs as pre-covid. Sales of draught ale and beers down 30%. That is why they are selling a real ale pint for 99p this month. The promotion started around the same time Clive Watson was saying, that the price of a pint will have to go up by 30p. Obliged me to sell. The sp went up a few pence, after a temporary cut in duty of 3p or so on draught beer. The Wetherspoons' news means, that reality bites.

https://news.sky.com/story/bitter-taste-for-wetherspoons-as-cautious-older-customers-stay-away-12465092

https://www.ft.com/content/61b7cb66-cec8-4338-b683-1332696a519f (subscription required)

Market Maker have been doing a good job of keeping a lid on this share, with so few sellers around. This sale after the secondary placing on October 13 would have been very welcome.

13-Oct-21 12:19:30 630.00 170,000 Sell* 640.00 660.00 1m O

However, today's buys alone have gobbled that block up.

It seems to me that the price has to rise to encourage sales and find the right market level. Currently increased @ 700p to sell.

My personal target price for the year ahead was £8 in the spring. I think that £8.50+ is more likely now.

DYOR as I could be wrong.

Current buys appear more significant than the sells. Yesterday the Market Maker upped the sp after this sell:

11-Nov-21 10:03:17 183.55 8,441 Sell* 184.00 188.00 15.49k O

Which suggests that they knew the buyer would be back for more (and sellers are more than welcome).

This is usually a quiet time for BKS with possibly no trading information emerging before the Interims in March. Though it is possible that BKS could issue a pre-AGM trading statement if good news is demanding one. AGM date not issued yet, should be fairly soon.

ARB had to file an amendment to the original filing.

We are filing this pre-effective Amendment No. 1 to our registration statement on Form F-1, initially filed on November 8, 2021 (File No. 333-260857) (the “Registration Statement”) to reflect recent material developments, fix clerical errors in the Registration Statement and to file Exhibits 4.1, 4.2, 4.3, 5.1, 5.2, 8.1, 23.1, 23.2 and 23.3, with respect to such Registration Statement.

https://www.sec.gov/Archives/edgar/data/0001841675/000110465921136647/tm2130707-7_f1a.htm

It does show that the SEC act quickly. I imagine the bookbuilding work has gone ahead and that ARB are just waiting for the nod to go ahead. Might get some news today, though I think more likely next week. Am expecting that to push ARB over 150p

J P Morgan stated that British stocks are at "record cheap levels" the other day. Frustrating for holders of many stocks including DARK. That is why so many business, even privately held such as Pimlico Plumbers, are being snapped up by cash rich US companies.
The crunch comes for UK listed companies trying to raise money with a much undervalued share price, too much dilution.

Good news coming from all directions

https://www.tipranks.com/news/blurbs/argo-blockchain-arbk-received-its-third-buy-in-a-row?mod=mw_quote_news

The loan notes and the interest have to be paid off by 2026. Without the money raised to fund expansion, there would be no extra bitcoin. It is these bitcoin that need to be sold short-term. The funding alternative would be to issue extra shares, dilution would be a worse option by depressing the share price even more. ARB have almost certainly engaged with financial wizards to churn through the numbers before making their fundraising decision.

Chaebol - " I hope the 57 million is enough with all told to build the 200mw. "

Assuming this is correct, what would be the likely impact on Bitcoin mining numbers? Am thinking that these extra bitcoin would have to be sold to generate funds to either pay the loan notes or finance further investment. The quicker capital is raised from sale these extra bitcoin, the greater the options ARB have for for further investment first. Thereby saving costs by future fundraising.

Got in today, happy with the senior note 8.75%. No dilution, could payback in less than 4 years with increased Bitcoin mining, though more likely ARB will use the money again for further investment. We just need a money raised rns now.

GLA.

Thanks Chuz, must admit that if Ethereum was part of ARB's strategy would be involved. Could be less competition mining Bitcoin than Ethereum now, though nothing to stop ARB selling Bitcoin to acquire Ethereum. Have read an article mentioning transaction fees for Bitcoin. Are ARB eligible as the miner and benefiting from them? If they do, then logically does not make sense to sit on the coins they have mined, when they could be in circulation.

Chaebol, have been dropping in from time to time, this is a well populated board, plenty of reading involved. Also means can be dangerous to absorb views put forward when group think takes over. Nothing wrong with going against the consensus view. As it happens the best long term returns for me have come from shares with under-populated boards on lse. One of my top two investments has seen no posts from me yet.

Will go back to reading ARB for the time being. That said for those with faith in ARB, I hope that Texas delivers as hoped, just a matter of patience.
GLA.

Thanks for the info chaps. The company he works for Portland House Group, Wikipedia say it is the largest hedge fund in Australia.

Chaebol, as you have these tweets, would be grateful if you could enlighten us on your thinking, as to the apparent purpose of creating them in his own name. Who was he trying to inform? Perhaps he has posted on this board as an ordinary private investor in the past.

Will keep an eye on the Nasdaq activity, looking for positive signs. Am likely to make a modest buy this week.

As for me, my knowledge of crypto is pretty low compared to some of you guys. Did see the interview with Vitalik Buterin co-founder of Ethereum on Bloomberg a while back, he is really intelligent, IQ170-180 perhaps. Listening to him would have me buying Ethereum over Bitcoin as a long term bet. What have the ARB board said about Ethereum, if anything?

Have a good weekend all.

Have ARB on watch, obviously this story caught my attention. The issue of the rns simply makes everything public, no problem. The Coyle tweets have now been deleted it seems

No idea who this Anthony Coyle is, search came up with over 100 Anthony Coyles on Linkedin. More importantly the report below has been syndicated across many US websites. Rather than being seen as idiots, probably the impression given is that these Brits are technologically smart. ARBK down early ended up 1% in US, for certain they and importantly Texas, are known by a lot more people now. Could be the time to get in? Good luck folks.

https://www.coindesk.com/business/2021/11/05/argo-blockchain-shares-fall-after-workers-accidentally-share-non-public-information/

Sorry about dual thread was taking the time to examine BT's offering for myself.

https://telecomstechnews.com/news/2021/oct/15/bt-launches-ai-powered-security-platform-eagle-i/

Launched in mid-October. Would appear to be a way of turning a second-rate cybersecurity system into an improved AI system. Could put a dent in Darktrace growth perhaps, even if only temporary.

https://www.globalservices.bt.com/en/aboutus/look-again