Member Info for KCRCR

This is good news and a positive start to the week. Let's see what effect this has on the SP when the market opens.

ShortWacker, I thought it was good detective work because I certainly wasn't aware KKR had a 35% position in MW. Call it research if you like but it's a good piece of work. Perhaps strange is the wrong description, perhaps odd or even suspicious is a better description !

Good detective work Lending and as you say, very strange. Could KKR be using MW to keep the SP suppressed for some ulterior motive ?

Correction, needs tearing up...

Lending, I agree with you, the existing extradition treaty with US nears tearing up and re-negotiating. Unfortunately our government doesn't seem to have the backbone to negotiate from a position of strength these days.

jzchat, how can you say DT isn't performing well ?
With forecast year on year revenue growth of circa 30%, no debt and enough cash in the bank to buy back up to £75M worth of shares, I don't think they're doing too badly but we'll see when the next interim results are posted on 8th March. What will be will be ;)

jzchat, noted and I did caveat my observations. However, I'm still of the view that HP failed to do their due diligence properly. Nonetheless, having read the 23 page summary judgement I must admit that Autonomy's accounting practices were "questionable" to say the least. The judgement also notes that "it is no defence to a FSMA or a fraud claim that the claimants had the means of discovering the truth". So it would seem "caveat emptor" is not a valid argument !
However, as previously stated by others, I'm sure DT management are doing everything possible to run a tight financial ship.
Every day's a school day.

EasiWynns, I'm no expert and a little knowledge can be dangerous BUT in my opinion HP failed to do their due diligence properly. If they'd done it thoroughly i.e. going through Autonomy's books and accounts with a toothcomb then surely they would have found the holes before putting pen to paper. In my opinion the Autonomy saga is just HP throwing their toys out of the pram because they got it wrong and looking for a scapegoat.

PI_Winner, I would expect the revenue to be recognised in the year it is earned. So, in your example £10M per year over 5 years.
In terms of forecasting future revenues then would they not forecast based on what is in the pipeline e.g. if they expect to win £100M but are only 50% confident then would they not forecast £50M and if they have another £200M of signed contracts then total forecast revenue would be £250M. Just my view based on experience of managing projects and internal reporting. Perhaps what is reported internally is not the same as what's reported to the market.

PI_Winner, my thinking is that DT would have already been negotiating the recently announced multi-year / multi-million £ contract win when they issued their results update in the 11th Jan RNS. So, depending how confident they were of winning this contract then this would have been built into their revised forecast.

403k of shares sold at 16.35 today. One of the shorters bailing ?

PI, excellent counter to QCM. Perhaps these questions should be presented to the FCA too. I thought I saw a post that said the FCA has asked for use cases of market manipulation by shorters.

But then gifted 350,000 to her brother ???
Talk about keeping it in the family :(
Up to now I've tried to stay positive despite all the negative comments on here but now I'm having doubts. What will be will be.
What do others think ?

Diligentinvestor, this just looks like a re-hash of the report in slide form ???

Thanks all for the quick reply, having re-checked recent RNS I see next results update is on 8th March so makes sense re.30 days rule.

Every day's a school day.

That's good news, but I didn't think Directors could buy/sell in the lead up to a results update or am I talking tosh ?

Any business with a half decent IT department would be doing regular penetration testing. My understanding of the DT Prevent / Detect products is that it is doing this fulltime and learning/adapting realtime. Seems it's got a lot going for it...

DT isn't the only Cybersecurity company QCM has bought in to...
https://www.forbes.com/sites/nathanielbaker/2020/08/12/short-activist-hedge-fund-says-buy-this-japan-listed-cybersecurity-stock/#2e171cad4031

A very helpful explanation that tallies with my recollection of project management where you could only recognise revenue that had been earned based on milestones regardless of how much you spent in staff costs, e.g. if it cost £50k to reach the milestone you recognised the whole £100k and made £50k profit but if it cost £110k to reach the milestone you still only recognise the £100k and make a £10k loss.