The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Two very sensible posts about these being industrial diamonds and about the fact it is still good for vast to have some money coming in even if it is only 6 million dollars.
Remember also of course that in 2020 these were 30p and 40p in 2019 so hopefully things are on the up for vast and they can start doing what they are supposed to be doing ie MINING all types of commodities out of the ground so they can't sell it and make money for themselves and their shareholders
I did some research earlier and made a few posts I then read further down the website that said you can take 40% off because many of the prices quoted are retail and these will be sold to the trade. Also of course depends on the quality of the diamonds. The value estimates seem to be between 10 million and 29 million dollars.
Of course they still need to get the diamonds and as I watch my screen we are now down to 0.875 pence so or barely any rise at all today at almost 8:30
Remember the prices you see on this page are delayed by 15 minutes people like me with a trading desk can see we are no longer up 22%.
At 8.06 price was 0.925.
Only up 2.7% now at 0.925.
This website LSE does quite a good level 2 feed if you want to view live prices so you can really see what is going on.
Oops answer is the same but last calculation should have shown 51,760 x $2,500 = $129,400,00
The stone structure we will yield approximately 50 percent of the finished diamond:
5 carats (rough diamond) x 0.50 (50%) = 2.50
carats (polished diamond).
So 129,400 div 2 = 64,700
1.25 carat (for each polished diamond).
64,700 div 1.25 is 51,760
The Rapaport value for a 1.25 carat, VS2, and G color is $2,500 per carat:
Then multiply 61,760 by $2,500 = 129,400,000
ONE HUNDRED and TWENTY NINE MILLION FOUR HUNDRED THOUSAND
See link
https://www.info-diamond.com/rough/rough-diamond-prices.html
Wouldn't want to be out of this overnight...
Not sure the comparison with apple is particularly useful in this instance, for your sins.
You also seem to forget these accusations have not in any way being substantiated. Just a Mickey Mouse American outfit looking to make a quick dollar.
Darktrace have a product that works differently to many other cyber security products and companies will want to utilise that protection and so long as that protection does work they won't be that fussed about other things, especially things that are mostly probably not true.
Look at Microsoft and the anti-trust sagas they went through. Microsoft are thriving and they are a Darktrace customer too.
Burford actually reached £9.36 in May 21 which was a near 200% rise from the £316 lows after the short.
A 200% rise from 224p is 672p.
I'm thinking of all the companies whose shares have taken a nosedive but whose existing customers (or new customers) have NOT been put off.
Even companies who do not have the same cash, financial stability or positive fundamentals as Darktrace still manage to retain AND gain customers.
In my earlier post I used the example of the Muddy Waters Burford Capital short in 2019. Burford were 1500p in July 2019 and dropped to 316p by April 2020. A 79% fall. Muddy got in when Burford were on a high compared to DT, but Burford still won new customers and still do.
You could also argue that litigation funding is also quite cut-throat and competitive just like cybersecurity is (and potentially more risky).
Okay. It took a while for Burfords share price to go up by 140%, and it is still only half of what it was before the Muddy Waters short, but as I say, it actually dropped much further from the point of the short compared to QCM and Darktrace.
Even if fair value for Darktrace is £3 and you add a 140% you could be looking at £7.20 within a year.
What would suit most people on here, but it wouldn't suit the shorters...
... but wouldn't want to be out of this overnight lol
"Got to be in it to win it".
It's been worthwhile just being in it. Better thrill than Vegas (okay, not quite but you know what I mean :-).
Definitely better to release the RNS rebuttals than stay quiet.
You can bet they had their top legal advisors there and maybe even their broker to help with the wording of the last RNS.
The shorters were bever just going to sell up (or buy up :-) on the first piece of positive news and go away. They are holding out using their false pretence that Darktrace are lying.
As with allegations in general, DT are innocent until proven guilty. And with audited accounts and proven cash reserves and real customers (and hopefully new customers) it will thankfully be much easier for DT to prove they are innocent than it will be for the shorters to prove otherwise.
For those who weren't up at 1.30am when I posted this before the RNS here it is again...
Im thinking the QCM short has been badly mistimed. Darktrace were 945p in Oct 2021 and are 210p today [now yesterday]. A 78% drop.
I remember the Muddy Waters Burford Capital short in 2019. Burford were 1500p in July 2019 and dropped to 316p by April 2020. A 79% fall. So Muddy got in when Burford were on a high and rode it down.
I know QCM have been short for a while and have just increased their position, but with the share price already down 78% from their high, is there really that much more to go?
They do have "propper" clients, including Microsoft. They have no debt and money in the bank. Quite a lot of cash.
According to Stockopedia:
A Quality score of 78 (usually a good indicator)
$391 MILLION cash
$190 MILLION working capital
Zero debt
Revenues up 46% to June 2022 at $415m.
$542m predicted for 2023.
Ok, in these difficult times with some stiff competition there are some challenges ahead.
I have read the QCM report and they seem to be grasping at straws. Posting snippets from glass door and other social media sites about disgruntled staff. You could find posts like that from Amazon staff or Tesla staff if you wanted to. All all big tech companies have disgruntled staff and do the the odd dodgy deal.
QCM are just a teeny weeny little outfit with a handful of employees who are just trying it on. Scaremongering. And they finish their silly little report by making a childish threat saying "don't dare do anything about this you have been warned!". QCM are probably staffed by college kids who think they are the next big thing in finance.
I see value at £2. Especially for a company who are not just using the standard anti-virus methodology and standard threat protection they have something new and innovative that can be used to predict threats in an advanced way. They definitely have a competitive edge over many other companies in the same sector.
Im thinking the QCM short has been badly mistimed. Darktrace were 945p in Oct 2021 and are 210p today. A 78% drop.
I remember the Muddy Waters Burford Capital short in 2019. Burford were 1500p in July 2019 and dropped to 316p by April 2020. A 79% fall. So Muddy got in when Burford were on a high and rode it down.
I know QCM have been short for a while and have just increased their position, but with the share price already down 78% from their high, is there really that much more to go?
They do have "propper" clients, including Microsoft. They have no debt and money in the bank. Quite a lot of cash.
According to Stockopedia:
A Quality score of 78 (usually a good indicator)
$391 MILLION cash
$190 MILLION working capital
Zero debt
Revenues up 46% to June 2022 at $415m.
$542m predicted for 2023.
Ok, in these difficult times with some stiff competition there are some challenges ahead.
I have read the QCM report and they seem to be grasping at straws. Posting snippets from glass door and other social media sites about disgruntled staff. You could find posts like that from Amazon staff or Tesla staff if you wanted to. All all big tech companies have disgruntled staff and do the the odd dodgy deal.
QCM are just a teeny weeny little outfit with a handful of employees who are just trying it on. Scaremongering. And they finish their silly little report by making a childish threat saying "don't dare do anything about this you have been warned!". QCM are probably staffed by college kids who think they are the next big thing in finance.
I see value at £2. Especially for a company who are not just using the standard anti-virus methodology and standard threat protection they have something new and innovative that can be used to predict threats in an advanced way. They definitely have a competitive edge over many other companies in the same sector.
I know finance houses and brokers don't necessarily need a large number of staff to make money but when I Googled "Quintessential Capital Management number of employees" it said they had fewer than 10 employees.
The LinkedIn page also shows company size 2 to 10 employees.
The current share price in 2020 would be the equivalent of 1.6 pence when they did a 100 for 1 share consolodation.
I bought at 1.4p back then and have watched this hits 70p (0.7p equivalent) just a few months ago so I am really pleased to see it has doubled since November (but obviously I wish I had bought more in Nov !).
https://www.lse.co.uk/news/ALTN/in-brief-altyn-proposes-name-change-and-share-consolidation-fvj7elger9zks6i.html
Closed today down less than 1% which means there is definitely no leak otherwise it would have been down a lot more than that.
Regardless of any government chatter about not being big fans of developing more North Sea gas or oil, gas is a very "in demand" resource. We can never rely on Russia for Gas anymore so any new gas or oil resources in UK waters will be definitely (eventually) be developed.
Where else will we get our gas for oil from? and how many EasyJet's are powered with electricity? Or articulated lorries?
The "save the planet" gang can shout as much as they want, but there is no way renewables are going to provide even 30% the energy the UK needs in the next 20 years.
The Hambro overhang and possible 95% dilution or even complete loss if this goes private are just a few of the things that make this high risk. Yes, also potential of high reward, but aren't most high risk things are binary bet.
Still can't believe Morses was worth £77 million this time last year and just <£1 million today.
But they are still lending. As I posted on Friday, they did not get the %6 million they usually get in December so have had to reduce lending but they are definitely still making loans to customers.
I heard someone mention a take over at 2p, but why would a buyer pay 2p when you can buy today for less than 1p...
https://www.asktraders.com/analysis/morses-club-shares-plunged-21-on-new-scheme-of-arrangement/
Apart from the drop to 7.5p in October lasy year, this is at it's lowest price since 23rd March 2016.
L2 shows lots of Buys at this level.
Okay, I know it didn't get to 2.7p on Friday, but many locked in profits at circa 1.7 / 1.8p and could buy back now at 25% - 35% discount.
REMEMBER- traders with DMA don't need to worry about the spread as they buy at the bid and sell at the offer.
Free ride? Sorry for venting again...
A Free Ride is just another way of saying it doesn't matter if I have poor trading skills I won't lose any money. It's also a way of missing out on guaranteed profits as you hope/ pray the price goes up again.
A free ride is an excuse people who don't know how to trade hide behind.
Imagine this doesn't get to 3p. Or doesn't even get back to 2p. Real traders would have sold on Friday at eg 2.7p and risked missing it going higher to lock in known profits. Traders do this rather than risk what has so far happened which is we are down 19% with a bid of 1.22p.
A trader using a combination of L2 feeds, volume data and other tools will know they can always get back in at a better price.
Sometimes it is better to be out of a share and get back in rather than riding the drop just because you have a free ride.
All the real traders on here will know exactly what I mean and none of them will be saying they are on a free ride...