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PI's should have a warm fuzzy feeling for the following reasons based on last weeks action:-

3 pronged 'Bruce Lee' style NINJA move from the BOD which was very impressive. Sharebuy back schemes totalling £100M, director buys and firm rebuttal on the Nonsense report.

FT article, very good piece of investigative journalism, they reached out to a number of different sources for input and provided a very balanced article. PI's should have a warm fuzzy feeling from reading the article.

Global big tech firms, the market tanker is starting to turn in their favour.

Potential buy out, it is unusual for a potential acquirer TB to state on the 8th Sept that they may make another bid, the odds are more in favour than not that they will make another bid post the embargo period. We do not know the previous bid but the rumours were £3.5bn to £4bn, if that offer was immediately dismissed by the BOD, you can only assume they need to make a materially enhanced offer to perk the ears of the BOD.

Trading updates over the days and weeks ahead should be positive.

The share buyback schemes totalling £100m plus the £25M already complete by Equiniti will significantly reduce the free float. This makes any shorter strategy moving forward materially more difficult and expensive to loan shares. This will have a big impact on short action in the future.

DYOR.

Man these posts are poor....but then again they align to any short bank balance on DT currently :)

Clearly shorter's have not read, want to disregard or more likely do not understand DT's RNS rebuttal. If you have any intelligence you will understand that DT have provided detail on their governance processes which rebutts any $hit Non FACT based report/queries from the RATS.

But any short, I want them to remain in because in my view the screw is being turned slowly but surely and they cannot win. Key reasons are:-

The masterstroke of the 2 buyback share schemes totalling £100M (which maintains continuous buying pressure on a daily basis) and reducing the free float in combination with the trading updates in the calendar for the days and weeks ahead, the SP is only going one way - UP!

Also Thoma Bravo stated that they may make another offer for DT, post the collapse of the previous discussions on Sept 8th 2022. The 6 month embargo period would be circa 8th March, the currency rate is favourable for TB at the moment but will not remain long term. Will TB make another bid?.....lets see.

At the moment, in my opinion, DT is the bargain stock of the FTSE250...good luck PI's and watch out SHORTS (RATS!)

I completely agree with Bridgedogg1, there is not a chance that they will not spend £75M. The definition of committed is pledged and aligns to my interpretation of the RNS. You are absolutely entitled to your interpretation and it is best to leave it there. As long as you are not shorting then we are all a big happy family :)

All media sources have reported the same. FT the gold standard from my point of view reference the £100M as do other quality news sources.

The subjective bit is the number of shares related to the buyback programme as it will be based on SP, hence the term up to 35m shares. The term completed is black and white in terms of the date it must be completed by.

Jeffries have been allocated £75M to acquire shares. Why don't you give them a call to validate?

P.S you come across as disgruntled.....are you shorting?

Just checked, QCM have blocked me as well!

Anyone with a twitter account and NOT blocked....it might be worthwhile asking QCM if they are going to source a new golf coach on the back of Numis statement - 'Swing and a Miss'

Hahahaha.....excellent, good work PG

Darktrace plc (DARK.L) (together with its subsidiaries, "Darktrace" or "the Group"), a global leader in cyber security AI, today announces that, beginning on 01 February, 2023, it will commence a share buyback programme (the "Programme") of up to 35 million of its ordinary shares (the "Shares") to be completed no later than 31 October, 2023.

The maximum amount allocated to the Programme is £75 million and Darktrace will make appropriate disclosures during the buyback period of the number of Shares it has repurchased

Great analogy from Numis.....QCM ''swing & Miss''........who are completely independent of DT

We believe that the group now has rigorous controls over revenue generated through partners,” says Numis, deeming Quintessential’s report “a swing and a miss”:

Our assessment is that QCM has likely identified an area of historic pre-IPO controls weakness in relation to Darktrace’s partner channel in some countries. However, this looks to be a weakness with limited scope, and which the group had addressed in 2020/21, before the IPO. We believe that the group now has rigorous controls over revenue generated through partners.

The remaining “new” issues raised by QCM .?.?. we think present no genuine concerns. We think that Darktrace’s financial statements are robust.

We expect QCM and others to continue to push a bear case, and many non-holders have pre-conceived ideas that these views play to. However, on this occasion we think that QCM has not meaningfully added to the debate.

Yes made me laugh *****galore......AimMaster 2018 aka I am a Rat, we thought you and Marshall Wace were best mates?!

Looks like your best mates are having a fantastic month....3% short in ASOS I see. But stick with it 'I am a Rat'....your insight on DT is unparalleled.

No not the case. I have seen this before, Jefferies have created a clever algorithm where by shares will be bought every day for months on end and there will be variables factored in. DT are committed to buying £75M worth of shares by a certain date this year. For example they will continue to be bought even if the SP is £8, £10 etc.

The buying algorithm means that there will be continued buying pressure on a daily basis....Gift from the Gods. DYOR

Love it AimMaster 2018 aka I AM A RAT is getting desperate......you are getting smoked and the best thing is you know it! You have no clue what you are talking about. There are over 40 FTSE companies with much higher short positions than DT.

As an example ASOS has gone up now nearly 100% in 1 month alone and still the short position is 7%.....yes you heard that correctly 7%!

DT short position is minimal and the 2 shorts are getting slowly squeezed....like a snake with his prey.

But please stick around because your insightful information on DT (which is non existent) keeps exposing how desperate you are......the continuous SP rise and the 3 pronged Ninja move from the BOD is it giving you sleepless nights.

Come on give us your honest opinion 'I am a rat'......you are having hot flushes, not sleeping......losing money on your short day after day and being bad for your health is a bad combination right??

Also Cassandra you are correlating Wirecard and DT based on what exactly?? Your posts are getting worse....HORRENDOUS actually, come on, PI's want to know your golden nuggets of FACTUAL information that meant that you opened a short position on DT or are you currently sitting in the QCM offices??....sorry garage!

Doyezee you do a great job in keeping PI's informed on global cyber attacks and the importance of DT's products. Keep up the great work.

Yeah you are back Cassandra. You did not answer the question from earlier, tell us what evidence QCM have exposed on DT pretty please?? Come on we need to help your short position before you are smoked.

If we look at the FACTS....London-based Darktrace revealed it was in early discussions with Thoma Bravo about a possible takeover last month, but confirmed on Thursday "an agreement could not be reached on the terms of a firm offer.

- In any M&A you create a virtual dataroom for the potential acquirer to do months of due diligence and access to various documents to validate the offer they want to put forward. Early discussions means it did not get to that detailed phase of due diligence and was merely initial discussions which would be very high level about potential a ballpark takeover figures, no detail.

However, the San Francisco-based private equity firm said it may make another bid for the UK security software firm over the next six months.

- The statement that TB released means they are interested and they may have realised upfront that they do not have the funds to make a credible bid that would be accepted by the BOD and needed to go back to the drawing board to look at capital funding. Watch this space...they can come back in.

Agree he has been pinpointed....black and white shorter....AimMaster2018.....with the standard phrase...'imho'......no you need to amend your acronym to......i am a rat....'IMAR' please!

To be clear I am annoyed that some genuine PI's lost money because they got spooked by a short with no credibility. That to me is the lowest of the low if some PI's have lost holiday money etc. The PI's that held their nerve I am delighted for them as they are going to reap the rewards moving forward.

I am all for healthy debate, but I personally will be first in the queue to call out nonsense and baseless information. I cannot stand people that try to manipulate PI's with non factual information. It is the only reason I get involved.

Hahaha very good xtw2

1.17% is minimal.......remember they will have a long position to hedge the position......and watch where the short position is in the coming days/weeks.....they will jump like RATS from a sinking ship! The 3 pronged NINJA move....RNS rebuttal, share buyback, director buys has decapitated the RAT.....it will just take a couple of days for death to kick in!