Member Info for oldgold22

That RNS reminds me of when Home Reit responded to their short attack. We all know what happened there.

Even though I topped up yesterday at £2.11 I sold out of everything this morning. Unscathed on yesterdays deal but took a hit on the full holding. I have been saying for a while that there a red flags starting to show with Darktrace and when a shorter starts highlighting the same issues then I have to go with my instincts.
Wiped out any gains I have made over the past 6 months on RIO and JCGI but it could always be worse.
I wish everyone GL with their own holdings and will continue to fight the battle against the bad ramper the frequents this board.
GLA

That did make me laugh Stevie only because I did the same at £2.11 and that's after we both said it was a hold last week.
I just think one of the larger shareholders was unloading a batch of shares and this was a buying opportunity. Wouldn't be surprised if the Employee Scheme has found another few million to pick some up as well.

I am really sorry to hear that Didi a lot of us on here did our best to warn people about him.
I do think Dark will recover though it will need more transparency from the board and stop its dodgy tactics. It might take a few years of sustainable growth but we could one day see £5 again.

Really you are willing to invest 20k based on it having an IPO price of £2.50.
Those red flags are still going to be there even if drops to £1.50

You should come on here more often. If you think this is bad wait until Charles turns up then you are in for a world of fun.
We call it the Charles Bullsh*t Bingo
1) Fed Rates
2) Nasdaq Higher
3) Buy Out incoming
4) Brokers £10 valuation
5) Results in (fill blank) months

Hope you are keeping well Sheltie and glad to hear you got out at a good point. There has been some good input over the last few months on here (except for one out and out idiot) and a few of us have seen this coming. Yes it is getting a short attack but it has brought that on itself by some lackluster performance from the board. Someone perfectly highlighted it this weekend and said something in the line of that Darktrace is a business designed to make employees millionaires.
Been saying for awhile far too many red flags now showing for this business and everyone is getting distracted by the US and US businesses. To many took there eye off the ball. Concentrate on the business at hand not what others are doing.

Good Sunday Morning read with some excellent input.

Charles you are having an absolute mare. You are calling people out then back tracking like a scared little boy when been outed as the fool you are. Now go and sit in the corner and be quiet while the adults talk.

ProfitJock

This is crazy and this from the RNS does not help POLY
"Further to the announcement on 22 September 2022, the Company has progressed the evaluation of a potential re-domiciliation of the parent company, Polymetal International plc, to jurisdiction deemed to be “friendly” by the Russian Federation, a move which could unblock the ability to execute further corporate actions"

How as a business to talk your way into to be sanctioned "jurisdiction deemed to be “friendly” by the Russian Federation"

mcegrb that is exactly what a lot of us thought at £3, £2.75 & £2.50. There is no idea where the bottom is or might be with this share. Trading update didn't easy any fears and the board shafting shareholders on the regular makes it a hold.

I think you are right on that Watchman these will be bought by the Employee Share Scheme. Probably the plan all along.
A positive in that is at least the free float will not be reduced. Negative looking after their mates by finding £25m down the back of the sofa so they can sell their shares.

Excellent posts, some great points made by all.
I am currently reading. Where the Money Is: Value Investing in the Digital Age - Adam Seessel so far very good read. In a nutshell it is showing why Tech companies can not be valued using the same historical method.

Its a lesson we all learn Stevie, we get lucky on a few stocks and think we are the next big hotshots. Best thing I did was read books on investing it helped me view it differently. Changed it from Gambling to Investing.
Peter Lynch - One up on wall street is still one of my favorites.

GL Josey and never say never with this stock you should know that by know. I bought more at £2.87 (big mistake) and even you thought the bottom was at £2.70 and was gutted you missed out.
That is the beauty of this Darktrace share it is a gift that keeps giving.

Fair point Josey. Would love to hear what part of the Fundamentals you deem good. As for comparing UK and US markets wasting your time like comparing ****nal to Salford because they both play football.

As I mentioned Bobocaca 5 years is just the going consensus. Personally any company that goes to float after 8 years and is valued at 1.7bn at the time of float has moved on from being called a start up. The term start up is a great umbrella to protect companies that lose money but expected to start earning once established. Therefore a company that floats should already be classed as established.
As for the shorters I see that mentioned on here all the time. Fundamentals are what drive the share price for some reason people seem to think it is the shorters. I think we can agree that when a shorter attacks a business it is because they view it lot less than what it is trading at. What some fail to acknowledge is what has that shorter seen that I am refusing to recognize. Sometimes they can be wrong. Though usually they aren't.
Take Viceroy Research attack on Home Reit. They flagged several concerns regarding the business which the board attempted to debunk, unfortunately for those holding the shares Viceroy were right all along.

Darktrace is 10 years old this year. Depends on what time scale you determine a business can still be called a Start Up.
The going consensus is Up to 5 years.

Haha Watchman you are right I need to embrace it.
Nothing I can do but forget the shares and look at the positives. They are at least worth significantly more than my Evraz shares. :)

Basically they are saying they are going to keep shafting shareholders until they get bored.

Excellent post as always Lending.
All though I am rightly critical of the actions of the board whose sole intentions are clearly to line their own pockets with no thought for shareholders. I need to recognize that the £25M is being taken out of the current trading year and the business may well be in a good profit position allowing it to spend that £25m. Whether shareholders agree with that is another thing.
It has been muted on this board that Share Buy backs are a good thing for a business when they are distributed to staff. Having worked at 3 FTSE100 business I have learnt the only thing that people are interested in is the pay-packet not share incentives. Anyway another snippet from the IPO which is obviously still relevant today
The Company’s employee benefit trust
Prior to Admission, the EBT subscribed for 52,377,305 Shares which will be held by the EBT in order to satisfy
all Outstanding Options granted under the Legacy Option Scheme.
IPO Awards
The Senior Managers and certain other employees of the Group will be granted conditional awards subject to
performance conditions under the AIP soon after Admission with a face value of up to 150% of their respective
base salaries subject to Relative Total Shareholder Return performance conditions. The face value of the award
will be calculated using the Offer Price. In addition, conditional awards subject to time based vesting (no
performance conditions) will be granted to a limited number of additional employees. These awards will have a
face value of up to 40% of their respective base salaries calculated using the Offer Price.