Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.verdict.co.uk/cyber-insurance-hike-premiums-but-cut-covers-as-ransomware-gangs-become-as-profitable-as-cocaine/
Interesting online article, This will presumably push organisations to spend more on prevention, so DT and other should benefit. I am still sitting on the sidelines having sold out fully at > £8.00. Watching this unfold over the last few weeks has been a perfect illustration of the dangers of trying to catch a falling knife. Who knows where it will bottom out? Not me, for sure. GLTA
This comment from BT's Security Director about their recently introduced Eagle-i product is included in the Reuter's article:
"Eagle-i leverages the latest advances in AI and automation to continually monitor, learn and evolve so customers can stay a step ahead of cyber criminals,"
https://www.reuters.com/technology/bt-targets-cyber-growth-with-launch-ai-platform-eagle-i-2021-10-14/
I made good money in Dark but sold all of my holding a few weeks back. I've been monitoring the situation since then and am considering buying back in but I don't have a clear understanding of how much of a moat Dark has. And that question
IMHO, is absolutely key to how the share price performs in the medium to long term. My concern is that other organisations that are also embracing AI could catch up with Dark or even overtake them. Any insights would be welcome.
Lending - Thanks for your comments in the first paragraph of your post. I fully agree. Thanks, too, for your input on volatility and the float.
As regards DCF analysis, it is useful IMHO for valuing established businesses that have a stable history of earnings and cash flow generation and for which there can be a reasonably high degree of confidence in the growth forecasts over the next 10 years. But even then it can only be a rough guide. For a business in Darktrace's current position I think DCF is meaningless, simply because the inputs are necessarily based on educated guesswork at best and wishful thinking at worst.
Thanks HKK. I checked the link in your post - the article about Tesco using Fortinet is dated 2009 so there is a good chance it is no longer relevant. I am guessing they must have reviewed their cybersecurity after the costly breach at Tesco Bank in 2016, if not before.
Does anyone know which company provides Cybersecurity for Tesco? Whoever it is they failed to stop the very costly attack that took Tesco's online sales down for two full days over the weekend. Perhaps they will now be inclined to turn to Dark.
According to the RNS:
'In addition to the £1m purchase price, Galliford Try anticipates that it will have to fund certain contractual liabilities incurred prior to the completion date of the transaction which will be necessary to provide operational stability'
They must have an idea as to these costs, so why not share this info with investors?
The RNS states that in 2019 nmcn's water division made a profit of £7.6m on sales of £282.6m, without referring to the fact that the 2020 order book was well down on this. They are taking on all 900 employees, so I wonder if the business is profitable at the current level of sales.
Interesting article - but why isn't Darktrace included?
https://www.linkedin.com/pulse/whats-new-gartners-2021-magic-quadrant-security-event-jo-peterson/?trk=articles_directory
Does anyone know if Blackberry is a serious competitor to Darktrace? Their Cylance product (now called Blackberry Cybersecurity) apparently uses AI and ML to detect and prevent attacks. It has good reviews from users on US sites.
https://www.blackberry.com/us/en/products/unified-endpoint-security
nidec - yes, PC hardware costs have come down very considerably but Darktrace is not selling hardware. Last month Microsoft announced pretty steep price increases for Office 365 that will apply globally. That is an example of pricing power because of their dominant position. It does concern me that Darktrace's average revenue per customer is falling. I am now on the sidelines having bought at 484 and sold at 893. I will keep a close eye on this one but for the moment there may be better opportunities elsewhere.
This comment in the IC article was the one that concerned me most:
Although custom numbers have risen by 33 per cent compound since 2018, the average revenue per customer has dropped by 11 per cent, despite significantly more customers buying more than one product from Darktrace (86 per cent of customer vs 27 per cent in 2018). This suggests that Darktrace’s early pricing power could already be waning.
Afternoon all. My first post on this site after following the chat for some time. Many of the posts are interesting and informative, so thanks everyone. Dark is one of my 'blue sky' holdings - speculative buys that I find impossible to value but where the business clearly has great potential. I bought in at £4.84 and am hoping this will be a long term hold and a multi bagger. That said, I dislike seeing a good profit erode or - even worse - turn into a loss, so we'll have to see how it goes.
Does anyone have information about Blackberry's cybersecurity offering and how it compares and contrasts with Dark? The Blackberry website states that their Cylance product (they acquired Cylance in 2019) is; 'The future of Cybersecurity. Powered by Advanced Artificial Intelligence!'