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Why have they not closed it out yet?
"Name of exempt principal trader: Jefferies International Limited"
"Short positions 9,289,013"
Unless they were acting as broker for other shorters?
I sold my entire holding on the morning of announcement at 620 as if it goes through that's roughly what I'll get anyway which could be 6-9 months of dead money. I'm ready to jump back in if it falls through and am free to invest elsewhere vs watching it bounce around 595-605 for 6-9 months at the mercy of GBP/USD. I do think they are worth more and hope holders get a better bid (then I lose additional gain but I'll hopefully be making that elsewhere in the next 6-9 months. Safer out than in IMHO.
Yet
12-Apr-24 Jefferies Buy - 890.00 Reiteration
Https://www.lse.co.uk/rns/DARK/form-85-eptnon-ri-darktrace-plc-x586soi7yxib3zb.html
Heck out https://www.thetakeoverpanel.org.uk/disclosure/disclosure-forms
The Form 8.3s are those with over a 1% holding declaring such
The Form 8.5s are those disclosing positions they have taken as an intermediary
Well worth looking at age latest Form 8.5 RNS from GOLDMAN SACHS INTERNATIONAL
Details all the short trades!
https://www.lse.co.uk/rns/DARK/form-85-eptri-darktrace-7p41tfgquhf9m0w.html
1p ordinary
CFD
Reducing a short position
21
5.1552 GBP
1p ordinary
CFD
Reducing a short position
5
5.1552 GBP
1p ordinary
CFD
Reducing a short position
1
5.1552 GBP
1p ordinary
CFD
Reducing a short position
14,544
5.1560 GBP
1p ordinary
CFD
Reducing a short position
3,518
5.1612 GBP
1p ordinary
CFD
Reducing a short position
55
5.6490 GBP
1p ordinary
CFD
Increasing a short position
78
5.6490 GBP
1p ordinary
CFD
Reducing a short position
23
5.6490 GBP
1p ordinary
CFD
Reducing a long position
25,429
5.9787 GBP
1p ordinary
CFD
Reducing a long position
132,441
5.9787 GBP
1p ordinary
CFD
Opening a short position
16,765
5.9930 GBP
1p ordinary
CFD
Reducing a short position
16,765
5.9930 GBP
1p ordinary
CFD
Increasing a short position
32
5.9989 GBP
1p ordinary
CFD
Increasing a short position
12
6.0008 GBP
1p ordinary
CFD
Increasing a short position
62
6.0011 GBP
1p ordinary
CFD
Increasing a short position
248
6.0012 GBP
1p ordinary
CFD
Reducing a long position
240
6.0030 GBP
1p ordinary
CFD
Reducing a long position
1,253
6.0030 GBP
1p ordinary
CFD
Reducing a short position
12,243
6.0191 GBP
1p ordinary
CFD
Increasing a short position
62,534
6.0196 GBP
1p ordinary
CFD
Increasing a short position
44,628
6.0200 GBP
1p ordinary
CFD
Increasing a short position
1,926
6.0200 GBP
1p ordinary
CFD
Opening a short position
8,638
6.0207 GBP
1p ordinary
CFD
Increasing a short position
591,813
6.0210 GBP
1p ordinary
CFD
Reducing a short position
27,905
6.0319 GBP
1p ordinary
CFD
Reducing a long position
260,000
6.0343 GBP
1p ordinary
CFD
Reducing a long position
17,371
6.0343 GBP
1p ordinary
CFD
Reducing a short position
61
6.0465 GBP
1p ordinary
CFD
Reducing a long position
255,363
6.0638 GBP
1p ordinary
CFD
Reducing a short position
3,591
6.0700 GBP
1p ordinary
CFD
Reducing a short position
21,500
6.0705 GBP
1p ordinary
CFD
Increasing a short position
2,067
6.0747 GBP
1p ordinary
CFD
Opening a short position
658,187
6.0761 GBP
1p ordinary
CFD
Reducing a long position
1,800
6.0873 GBP
1p ordinary
CFD
Reducing a long position
3,000
6.0907 GBP
1p ordinary
CFD
Increasing a short position
28,995
6.0913 GBP
1p ordinary
CFD
Increasing a short position
5,577
6.0913 GBP
1p ordinary
CFD
Increasing a short position
115,428
6.0913 GB
I agree & would be surprised if one doesn't materialise as better to buy now low cost vs off TB on a re sale at a premium
Quite bizarre that holding Dark now is the same as holding an ETF on GBP USD
Forecast is stronger GBP 6-9 months BUT
anything can happen; war/conflicts, oil, energy, elections, inflation, interest rates etc
Yes so let’s watch short update tomorrow as this drops into the high 5’s
There are still more trading opportunities to come here over the next few months
ForgeRock did list on US vs UK or Norway but still drifted is the point
If you don’t believe they will drift look at ForgeRock, UK based, offered to buy by TB in Oct 22 “ ForgeRock shareholders to receive $23.25 per share in cash”. It took until Aug 23 to complete (10 months) and you can see the drift down here
https://www.macrotrends.net/stocks/charts/FORG/forgerock/stock-price-history#:~:text=The%20all%2Dtime%20high%20ForgeRock,below%20the%20current%20share%20price.
Over 9 months with GBP/USD forecast this will be in 560s
Who wants to hold money 9 months watching it go down
Which is why the SP will drift down to the 560s/570 mark waiting until Q4 & voting etc
Watch for Luminance IPO
They’ve had 6 rounds of funding so are set for IPO
Only on Series B & don’t usually IPO until Series C
But keep eyes on that one
I agree the offer should be made in GBP & TB take the USD conversion hit
Https://www.tipranks.com/stocks/gb:dark/ownership#
They have 14.4% from KKR DA, Summit Partners, Director & Senior employees
We will see with the plethora of Form 8.3 RNSs this week as all 1 percenters declare
I can see this drifting towards 560s the longer it drags out so the sooner they get it done or new bidders declare interest the better for holders