Member Info for HereKittyKitty

@ 290 SP the Market Cap is 205m

Revenue is 277m
Profit 167m
Net assets 150m
Cash 92m
Debt £0

This is setup so well & incredibly undervalued as not even 1x on revenue making profit with no debt. On a US stock market this would be 800m to 1.1b market cap with these profits.

Forward looking Statement even without DHSC are strong to!

“ Looking forward, the Company expects strong growth in private testing as markets and travel re-open, which could lead to higher infection rates, and an increase in testing to return in Q4 2021, in line with Q4 2020, during the winter period. The Company also expects to see significant new growth from the launch of new products during the second half of 2021, including an expansion of its lateral flow antigen testing portfolio for both professional and home use. If demand picks up in line with expectations, the Company expects to see full year sales of approximately £100m, excluding the sales to the DHSC which are in dispute.



In the first five months of 2021, Novacyt has delivered a gross margin of over 70% and an EBITDA margin of over 40%, excluding the impact of sales to the DHSC, and the Directors are confident the Company can maintain these levels of underlying profitability for the balance of the year if volumes are in-line with its current expectations. This assumes no further sales to the DHSC for the balance of the year and no further provisions or adjustments relating to the current dispute.”

Corrupt U.K. markets

Whatever you think about this company the valuation is totally off looking at fundamentals of revenue, profit & cash. Taking out what you think if you looked at these numbers you would value this company 3x on market cap of where it is now. Other companies with lesser revenue, no profit & no cash are valued better. Some game going on here.

Hi Max
Agree on lock in period 100%
Agree on IIs selling 100%
But it didn’t say who they were allowed to sell to in original RNS
As it happens today’s RNS shows other II bought for 620
Anyway it’s all done now :o)
GL

I’ve added & will continue to if any lower action
Absolutely fabulous opportunity

Agree could present a nice top up or initial buy - always be careful first 30 mins of trading - GL

squadraazzura It’s an II selling on open market - anybody can buy II & PIs

Looks like they sold out over last couple of days as new RNS

Further to the announcement on 5 August 2021, KKR Dark Aggregator L.P., Summit DT CLN Holdings 4, Hoxton Ventures Fund I Opportunities III, L.P. and Balderton Capital SFI, S.L.P. (together the "Sellers"), announce that they have sold 23,150,000 ordinary shares (the "Placing Shares") in the Company at a price of 620 pence per share (the "Placing").

Another final thought

There are 698m shares issued

@ the IPO price of 250 @ $150m it’s around around £108m so circ 43m shares

So 6.1% appx of the shares in the company will be sold tomorrow which is massively higher than the previous daily volume of 615k shares appx around 700% more sales in a volatile Lynch environment where the price has been suppressed

Could well see 500-650 buy opportunities

Good Luck & don’t panic buy or sell - keep calm

A 2 post wonder

I’ll put on my best Friday Bitty party trousers lol

Finally, it will still be over 800 by xmas IMHO (always do your own research & don’t put trust in BB posts)

They key thing here is it’s a secondary offering from a lock up period of an institutional investor vs a dilutive primary offering direct from DARK. All depends if the market sees this as an II cashing in profits as concerned on Lynch or not. My gut feel (research your own views & make your own decisions) is we may see a dip and recovery into next week only because of Lynch looming & the II may take high 500s to mid 600s as they bought in at 250 but that just my hunch

Beyond that it sends a signal they want to run & take their profit while this Lynch stuff resolves ….

We bounced off 658 twice so 660s seem ok and push down from 700 with Lynch so they may just let them go mid to high 600s …. I’ll be watching Level 2

I was ready to add 650 & 600 anyway so unsure with Lynch if this will go up or down as it could go up with high buy demand but as their strike price is 250 they may sell at market price as that’s already 175% profit for them … interesting day tomorrow

If you look here

https://www.lse.co.uk/rns/MTO/

On 3rd & 4th March this happened here & the SP went up!

The thing is if they are selling circ 43m shares they had @ 250 they could push the price down as they will take 685, 650, 600, 550 etc so we could get a mid 500 to mid 600 buy in opportunity

So net is KKR Dark Aggregator L.P., Summit DT CLN Holdings 4, Hoxton Ventures Fund I Opportunities III, L.P. and Balderton Capital SFI, S.L.P. got $150m at IPO prices but haven’t been allowed to sell until tomorrow & have given notice they intend to so it will cause minor short term volatility - in most cases the shares are sold in 48 hours so I guess Friday & Monday then we will get an RNS once they’ve sold out.

Yes so the way I read it is these are shares sold at preferential IPO prices to IIs under a lockup period & one of them is going to sell onto the open market now the lockup for preferential II IPO holdings has expired. Agree good buying opportunity as doesn’t effect the shares issues but may cause a pull back on sales or rise on buys - need too see what effect this has had before on post IPO II selling after lockup expiration

The IPO price was 250 & as they had $150m so I guess around £108m circ 43m shares will flood the market tomorrow as sells

https://www.lse.co.uk/rns/DARK/proposed-placing-of-existing-shares-in-darktrace-0u1e5z4g3qq9rjd.html

So $150m shares out of lockup but is not dilution as I see it but will cause downward pressure on price until $150m sold but should create more volume to trade as has been quite tight on sellers recently!

Thoughts?