Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"...the stock takes a beating." Exactly. That's why we need to be rid of Mike Lynch.
Mike Lynch is sure to be sent to America. Our High Court judge was scathing in his judgement.
He said: "I am satisfied that the huge financial losses caused to HP in the USA, the losses suffered by American investors and the significant reputational damage caused to HP strongly favours extradition."
He was also scathing against the arguments used by Mike Lynch to try to stay in the UK. Mrs Patel is sure to follow the opinion of a High Court judge. The fact that the Finance Director who worked with Mike Lynch was corrupt and is now spending years in an American prison speaks volumes.
Darktrace needs to be rid of Mike Lynch.
Not looking good for him...
https://www.theregister.com/2021/07/29/autonomy_founder_lynch_extradition_ruling/
The rule is that you keep your winners and sell your losers. Darktrace is a golden goose that keeps on laying. When the share price fell on the day when SentinelOne opened, and again when the courts said Mike Lynch could be tried in the USA, I knew to hang on. Glad I did.
What I don't know, and hope to find out at the AGM, is how Darktrace's technology compares with Crowdstrike and SentinelOne. I know these two companies are in fierce competition with each other, and rubbish each other's product. I understand that Darktrace and Crowdstrike products compliment each other. Is Darktrace's technology simply different from the others, or is it the best of breed?
I'm going to go to the AGM in September in Cambridge, so I will meet some of you there.
Nothing of interest except for this line:
"I do think it’s clear cybersecurity will become one of the most popular investing themes of this decade. For me to get some exposure at some point would be prudent."
https://www.fool.co.uk/investing/2021/07/26/the-darktrace-share-price-has-more-than-doubled-should-i-buy/
I also consider KittyKitty's posts worthwhile.
"The potential extradition threat was clear in Darktrace’s
April stock market float. Lynch may be forced to sell his 4.5%
stake if he is convicted and the 4.5 billion pound cyber firm
warned in its prospectus that a prosecution could put the
company and prospective shareholders at risk of money-laundering
charges.
A potential court case could also damage
Darktrace’s standing, particularly as Lynch is
still a member of its science and technology council. The up to
15% slump in the Cambridge firm’s shares following the ruling
suggests investors are rattled. The best option for Darktrace
may be to sever ties with Lynch altogether. "
Mike Lynch has 30.8 million shares in Darktrace. This is 4.41% of the company.
At today's closing price of £6.72, his shares are worth £207million.
If he is found guilty and is given a massive fine, he will probably have to sell his Darktrace shares, and this is why the market is jittery. However, I expect they will all be sold to the Institutions.
Estimated sales (dollars)
Darktrace.........................278
Crowdstrike....................1208
Sentinel............................148
Value (billions)
Dark......................18
Crowd...................57
Sentinel................12
So the values reflect the sales figures.
Customers
Dark.......................5600
Crowd..................11400
Sentinel.................4700
Again, similar ratios to the sales figures.
Price to sales ratio
Dark.....................18
Crowd..................42
Sentinel...............65
Dark share price appears undervalued and Sentinel overvalued
Operating losses (estimated) (millions)
Dark...................29
Crowd................76
Sentinel.............62
Share prices ultimately depend on profits, so these are the figures that matter. Dark's loss may however be $27 more because it appears the company has issued convertible loan notes, and the annual interest paid on these is $27 million. If the correct loss is $29 and not $56, then again it looks like Dark's share price is undervalued. Is this right?
The fall in the share price is just normal profit taking which you always get after a big rise. Also money moving into hotels, airlines, cruise ships because covid fears are easing.
Nothing to worry about.
I don't know what to do. Are the Americans buying?
Tern is far too volatile for me. It shoots up, crashes down, has performed poorly for years. High risk.
I have decided to make JayneC my girlfriend.
Although I doubt if she would be still interested after looking at me...
I've fallen madly in love with her because of her posts.....
19 May 2021
I believe this answers why DARK is very different and more effective than a SIEM: https://www.darktrace.com/en/resources/ds-siems.pdf
The big stand-out difference: machine learning, which can save companies a lot of time and human supervision/interaction. The majority of large, successful cyber attacks unfold outside office working hours precisely because other security systems require quick human intervention/analysis to stop those breaches.
24 May 2021
Companies are increasing their business online exponentially, cyber-attacks are becoming ever-more sophisticated and DARK have just forged a partnership with MIcrosoft which has yet to unfold.
8 June 2021
Today's SP remains a steal, frankly. So many businesses are still getting caught napping under an onslaught of increasingly sophsticated cyber attacks.
18 June 2021
It's a longterm hold for me. DARK is going places. The Microsoft partnership is only in its infancy, and bound to bring huge client contracts in.
3 July 2021
Wow, a bombardment of attacks!`The cyber-breach emerged on Friday afternoon as companies across the US were clocking off for the long Independence Day weekend.' https://www.bbc.co.uk/news/world-us-canada-57703836
Worth repeating here: these attacks are usually set to unfold out of office hours, when there's less human surveillance and this is where I believe DARK's AI has the competitive advantage. It can send mobile alerts AND take the decision to block connections if it suspects data-mining is being attempted. I expect sales to keep increasing in light of this.
6 July 2021
Also, who are better placed to understand the security implications of state-level cyber-crime than those who previously worked in GCHQ, as many in DARK apparently did?!
Today
There's a great blog post on the Darktrace website deconstructing the recent REvil Kaseya attack, that demostrates the effectiveness of Dark Trace's products under the duress of such huge attacks: https://www.darktrace.com/en/blog/minimizing-the-r-evil-impact-delivered-via-kaseya-servers/ DARK's Antigena software was clearly able to interpret the out-of-hours attack and prevent access before ransomware encryption could unfold.
Please would you all let me know when this happens....
https://www.thetimes.co.uk/article/are-bedroom-day-traders-heading-into-a-nightmare-rlmqj6mf6
Colonial supplies 11,000 petrol stations on the east coast of the USA. When the ransomware hackers hacked it, it had to shut down the pipelines and so stop supplying all these petrol stations for about a week. The stations couldn't sell anything during that time and so lost a lot of money.
Several of them are taking out a class action against Colonial, saying that Colonial was negligent, in that its anti-ransomware software was not up to the task. The American courts will have to decide if this was the case. This may be difficult. The litigation will take at least a year. If the courts rule that Colonial knew their software was inadequate, it will cost the company a fortune.
It's good news for Darktrace, because if the litigation is successful, there will be many more class actions, and all companies will have to prove that they knew their software was the best.
Don't forget, it's Friday. The traders take their profits between 3.45 and 4.30pm, so expect a fall in the share price then.
Over the weekend they ponder where they'll reinvest their money on Monday morning.
Wish I were a trader.
What's the Bp and lag board?
Comments about Darktrace making losses for the next three years.
Also why Norton wants to take over Avast (profit margin 55%) rather than Darktrace (1% to 4%)
https://www.fool.co.uk/investing/2021/07/15/are-darktrace-shares-a-buy-after-growth-upgrade/
I think the writer has a valid point when she says about Darktrace only investing 6% of revenues in R&D. The American competitors invest much more, and perhaps this is a point to raise at the AGM.
Against the writer, however, when Microsoft partner with another tech company, they very carefully scour the entire market. They chose Darktrace.