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Https://www.lse.co.uk/news/darktrace-raises-sales-and-margin-targets-after-strong-first-half-21hahitnqxy6wgh.html?utm_source=alerts&utm_medium=email&utm_campaign=2024-01-11&utm_term=news

Every results RNS says it all 👏

“ Darktrace was up 3.6% on news that tech entrepreneur Michael Lynch had disclosed a 3.92% stake in the cyber-security company.”

Buying

What’s happening here then

NO debt and total assets amounting to £7.542 million

Yep UK market is simply corrupt it’s that simple

The cloud model that all top US companies adopt now is all driven on ARR subscriptions & customer retention so buying a company with well established ARR & large customer base is a perfect fit; more so than the old days of on premise software which introduced harder consolidation models than cloud now wipes away

With their ARR & significant customer base they are a perfect buyout from a US competitor

Just look back at previous security tech company consolidations - this is a hot buyout target for sure

But now new Institutional Investors have bought into 3% of the company which is great

Seems apt for their own shares now 😁

Buyout defo on the cards …..

LONDON, July 27 (Reuters) - British sportswear and clothing retailer Frasers Group said it expected profit to grow by at least 5% in the current financial year after it posted a 40% rise in annual profit for the 12 months to the end of April.

Adjusted pretax profit came in at 478.1 million pounds ($619 million), towards the higher end of its forecast range for it to come in between 450-500 million pounds.

The FTSE 100-listed firm, formerly called Sports Direct, was founded by Mike Ashley, a former squash coach turned retail billionaire and owns brands including House of Fraser, Flannels, USC and Jack Wills.

Frasers said it would see further strong profit progress this year, and that it expected adjusted pretax profit in the range of 500 million pounds to 550 million pounds, which would represent "strong underlying trading profit progression" given that the contribution from property will be lower.

The group has recently bought shares in electrical retailers Currys and AO World and fashion seller Boohoo, adding to its portfolio of stakes in Boohoo rival ASOS, German fashion house Hugo Boss, clothing retailer N Brown and luxury brand Mulberry .

Michael Murray, Ashley's son-in-law, has been Frasers CEO since last year. Ashley still owns 72% of Frasers' equity. ($1 = 0.7724 pounds)

Frasers Group reported a strong performance in the financial year ended April 30. The retail group said revenue grew 16% year-on-year to GBP5.57 billion from GBP4.81 billion, thanks to a 53rd week in the year as well as acquisitions. Meanwhile, pretax profit rocketed 97% to GBP660.7 million from GBP335.6 million. "We were bold in setting our full year guidance twelve months ago, before the full impact of the cost-of-living crisis was clear, but our business has remained resilient, and we have met these expectations," said CEO Michael Murray. Frasers noted a strong performance across the group, which was boosted in particular by profitable growth in Sports Retail - this shows elevating Sports Direct was "the right strategy", Murray maintained. In financial 2024, it expects further strong profit progress, but a "significantly lower" level of profit from property. Adjusted pretax profit will be in a range of GBP500 to GBP550 million, compared to GBP478.1 million in financial 2023.

Dumb @$$ London stock market is a bit thick to tech - hope they move to Nasdaq

With Lynches wife starting selling off her stake the sky is clearing now for takeoff

Typo on £ lol but still 3rd/4th on volume

£100.63m on leaderboard

Something going on for that volume!

They will only buy I think when SP is below a certain threshold

Hopefully at end of BB they will get FCA to cancel the shares bought and increase the SP for employee share options & investors as well as improve EPS for buyout valuation similar to Nasdaq competitors as I’ve calculated previously est 596p to 1156p;

Crowdstrike

SP $148.60

MC $35.11B

Customers 23,000

ARR $2.1B

Trading @ 16.7x ARR to MC

SentinalOne

SP $14.58

MC $4.52B

Customers 10,680

ARR $522M

Trading @ 8.6x ARR to MC

Darktrace

SP £3.948

MC £2.768B / $3.57B @ 1.29 ex rate

Customers 8,800

ARR $626.5

Trading @ 5.7x ARR to MC in $

Low end valuation of DARK should be 596p

High end valuation should be 1156p

Any Nasdaq traded company could buy dark just for ARR & get a Nasdaq rating for just on customers & ARR

Crowdstrike

SP $148.60

MC $35.11B

Customers 23,000

ARR $2.1B

Trading @ 16.7x ARR to MC

SentinalOne

SP $14.58

MC $4.52B

Customers 10,680

ARR $522M

Trading @ 8.6x ARR to MC

Darktrace

SP £3.948

MC £2.768B / $3.57B @ 1.29 ex rate

Customers 8,800

ARR $626.5

Trading @ 5.7x ARR to MC in $

Low end valuation of DARK should be 596p

High end valuation should be 1156p

Any Nasdaq traded company could buy dark just for ARR & get a Nasdaq rating for just on customers & ARR

*just on customers & ARR