Member Info for Mando_

Darktrace pre-trading showing on TradingView?? Showing +9.42% pre-market to 634.5, but a current price showing of 580???
I don't get it...

@Micey2099
I wouldn't say it's a firesale.
Blackrock are just reducing their shareholdings in the company to 4.6%.
Prior to 16th September they were in a lock-up period and not allowed to sell their shares.
They invested prior to IPO, so we don't know how much they paid for their shares, but at the beginning of last month, they held 135m shares, yesterday they held 83.5m shares, and they want to get down to about 28.5m shares (4.6% of the company).
This is just sensible investment practice.

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High volumes traded today. 8.5m already, compared to 9m total yesterday.
Potentially 15m shares per day and this over with in 4 days.

I expect us to remain holding above the 200 line as BlackRock have said they only want to sell at a 195p discount to get rid of stock easily to an major institutional investor, likely so they can work with another large investor longer term rather than having multiple private investors buying the stock. This makes controlling the company easier in the longer run if they can manage voting rights with another partner investor.

US market opening soon.. Hopefully we will see at least a short term spike up.
My (not) investment advice is to not panic if there is a blip sell off with the US digesting the news as they wake up. Stop losses and lower buys may get triggered in the short term, but it would likely rebound quickly considering recent whale investor buys at higher prices, and BlackRock acknowledging 195 as a discounted price.

@nuri, not true, many institutional investors have increased their positions.
If you look at this data in the link, it is clear institutional investors and funds have recently bought 63m shares, whilst others have sold 45m shares, so institutions have been buying more actually from private investors, probably as the price dropped, highlighting overall market sentiment that this is a buy, and they needed fear in the market for the likes of us to sell off our stocks.
https://www.morningstar.com/stocks/xlon/thg/ownership

@GJ2020 - I would think it could take BlackRock less than 2 weeks to clear their stocks, either privately or on the public markets.
Trading volumes are on average around 10m units per day at the moment. They want to clear 55m shares.
Remember they have been selling already. One month ago, they had 135m shares and they have already sold down to about 83.5m shares. They're looking to sell 55m shares further, leaving them with a normal level of 5% (28.5m shares) in THG, normal practice for an initial whale investor.
This is very normal practice for any investor which gets a business off the ground, making money selling their shares after the company lists on the stock exchange, and contractually not being allowed to sell their shares until the end of their lock in period, which ended 16th September.
They also say they are willing to sell at 195p for a major sale deal, a 10% discount, rather than going through the public markets. So they may choose to just sell via the normal markets without discounting the price.
So the price could be quite volatile for the next couple of weeks, and then hopefully settle on a nice upward curve after all this FUD is gone with.
I have 27.4% of my portfolio invested in THG at an average price of 219.98p. There's a lot of us in this together.
GLA

Oh sure, its definitely very dodgy this coming out last night
I expect BlackRock approached a few companies and one of them leaked it an put a short on the price, so they earn on the short, and they buy the stock cheaper...

also, I should have stated the lock up periods ended 16th September. which is why the price has been falling since then.

@Valueplay
I wouldn't say BlackRock are exiting in a hurry.
Investors in a new company agree what is known as a lock-up period where they are not allowed to trade their shares. Blackrock selling 55m shares means they will still be holding 28.5m shares, nearly 5% of the shares float.
Blackrock have said they are willing to sell at 195p, which means they will hit us around 200p.
On average share volumes on this company trading around 10m shares per day, it's likely we will see shares trading around 200p for the next week or so.
After that, we should see a spike in the share price, maybe up +10% over a few days.
Just my opinion.
Cheers

A nice amount of green volume bars in the last 15 minutes with 355k volume.
Hoping 204 will become a support line.

Man, bad day today for my investments. I started the day worried about my biggest holdings in THG following an announcement last night BlackRock were trying to sell off a load of share. They tanked 8% this morning. AAL, my 3rd biggest holdings also tanked 4.5% off the back of China Iron Ore prices dropping - they had been nicely increasing for the last few days with their buy back program.

I stupidly didn't see this attack on DEC (my 2nd biggest holding) coming, especially after the latest RNS showing how they are working on leaking wells and closing off more than they are required to. They were my second biggest holding. Everything was looking good...

I can see this getting back under £1.00 by the end of this week. I will be buying back in cautiously for sure. Gutted. what a ****e day for my investments.

Bloomberg just said Biden is pushing an attack on Methane. ffs
Sold at about 109.8. Will look to buy back lower again

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lol

I think this could be positive on the day soon

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I may be misunderstanding something here, so please correct me if I'm wrong, but

RNS here 1st October showed BlackRock with 134,910,612 voting rights(/ordinary shares).
https://www.lse.co.uk/rns/THG/tr-1-notification-of-major-holdings-lfpvykdr4qlssj3.html

Blackrock currently holding 83.5m shares as of 1st November across 4 divisions
https://www.morningstar.com/stocks/xlon/thg/ownership

So BlackRock have already sold 51.5m shares in the last month??
135m - 83.5m = 51.5m shares already sold.

So we should see an RNS soon to cover this very soon I expect.

Even if they want to reduce down their position from 83.5m shares by 55m shares, they will still own 28.5m shares, which means they will still hold a 4.67% stake in the company from the 610m share float outstanding. This just seems like a normal position to hold from their previous very substantial position. And if they are still holding 5% of shares, I doubt they want to see the price drop further if they have already announced their desire to sell.

And considering the stable price yesterday, maybe they don't want to sell under the current pricing... Hence why they felt secure in announcing it. They don't expect the price to drop further.
Fingers crossed
GLA

Hi Beryl
I'd recommend you have a lot of cash available to buy a lot more stock if you plan to hold and buy more as pricing drops (if it drops).
Darktrace, as a new listing on the stock exchange, comes to the end of an early investor lock-up period on Wednesday. At this point, those major investors who invested early in the company, will be allowed to sell their shares for the first time. They MAY choose to sell a lot of their stocks for a profit. This is fairly likely. Therefore the price MAY drop a lot further tomorrow also with investors anticipating the market being flooded by those major investors shares.
Look at companies such as AWE and THG who also recently came to the end of their lock-up periods for examples of what can happen to a share price around this time.

It may be the case with DarkTrace major investors they do not want to sell, and they will holding out for a better price, so the share price does not reduce further. But I would say NO-ONE on this forum will know for sure.

Good luck.

lol okay okay Aarron
25% all in is about as all in as I would ever get :-)

*luck

God, having no edit/delete button in this forum is a nightmare if you're OCD on spelling/grammar