The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Max 20 years in US according to this
https://uk.investing.com/news/stock-market-news/pivotal-day-for-uk-tech-tycoon-lynch-after-decadelong-battle-with-hp-2573762
On the plus side, by the time he gets released the SP might have reached Jeffries target
Charles, the problem with you posting the same stuff, so often, is that a lot of people either block you, skip past your posts, or just skim over them.
This all makes the time you are spending posting wasted, very few people bother reading. Im sure that if you could be more succinct and less repetitive then you would find other members more engaging and open to proper discussions with you.
Just a thought
CharlesRixon888, the industries you name do not all move in tandem. If the whole market moves up or the whole market moves down, then these sectors may appear to be moving in tandem but they aren't.
If you can show me evidence that these do all move in tandem, and I don't mean the odd day or two, then I will eat my hat.
They thought sinking wasnt a concern for the Titanic until it hit the iceberg.
You, I, and everyone else here only know what Dark tell us about their products. We have no way of knowing that they are as good as they say. They may think they have designed the perfect cyber defence, I certainly hope so, but if there is a flaw and someone finds it then Dark are screwed.
Ndn, it's for each individual stakeholder to decide whether they consider it an issue or not.
You simply stating that it isn't does not make that a fact, any more than another member here regurgitating brokers guesses doesn't make them inevitable.
On what planet are these two shares moving in tandem?
HBR have been ranging since April 2021, Dark has been nosediving for 3 months.
Take a look at the 1yr charts for both and see.
https://www.sharesmagazine.co.uk/shares/share/HBR
https://www.sharesmagazine.co.uk/shares/share/DARK
Big investors will value companies on their achieved profits and may take into account forecast profits provided these can be substantiated.
I don't know of anyone, other than retail speculators and people with vested interests in the company (such as owners, shareholders, and brokers) who use sales figures for this.
I know Dark have a usp and investors would consider this if they believed the company could use this to build a moat, but the risks associated with ML and the companys creditability should one of their products get hacked are not to be ignored.
What happened was that more shares became available to the market than were wanted. Supply and demand, too many shares and too few buyers pushes the price down.
Throw in the ML concerns, the continuing lack of profits (and I dont remember seeing anything from Dark about when they expect to make a profit), a general malaise in tech share prices, Peel Hunt, and a general feeling that Darks SP went up too fast and couldnt continue doing so.
Price falls from 950 to 800, IIs algos kick in and they sell off, so price falls further and more algos kick in. Rinse and repeat, we end up around 400-450, probably a fair level given that we seem to have some price stability around this level until some good or bad news comes to get it moving again.
Charles, why should we be 650/700p today?
The SP is what people are prepared to pay, not some arbitrary figure you pluck out of thin air.
You do understand the principles of supply and demand, don't you?
I well understand that, bobocaca. My issue here is that too many are assuming that Dark will ever make a profit and are basing short term SP guesses (I wont flatter them by using 'predictions' as that to me suggests some knowledge behind their guess) on profits that may be many months or even years away.
History is littered with companies with products many loved and which seemed to have great potential but who failed to make a profit before eventually going under.
If Darks real IPO price was 500p (where do you get that from, can you add a link?) then todays price is about 13% down despite the 'great' figures being bandied around.
Bottom line is, a combination of low liquidity due to the small number of shares on the open market last summer and an 'ooh look, a tech company' mentality, pushed price beyond its true value.
Growing revenue and client base means diddly squat if they cant convert this into profit. Until that happens the SP will drift.