Member Info for Sanchez599

Charles I can't do that in case I am wrong. People need to make their own trades. I traded my holding twice as mentioned yesterday, bought it back late afternoon and sold this morning. I haven't bought back yet. Waiting to see what the afternoon session has in store.

Yes. They are.

Remarkable to see sellers at 28.5 just above the 200ma when they could have sold at 32.5 a few days ago, especially considering the price usually bounces off it.

Yep, it's going to need slightly better volume to beat that £4.50 level. Good start to the day though. Took my trade back into profit this morning and cut at 452. See if I can make it 3 in a row... Expecting a bit of a pullback this afternoon as volume does down. Could be wrong!

(sorry tomorrow or Thursday!)

Charles, I will have a proper look tomorrow or weds and draw up a new chart now we have the RNS out of the way as news always trumps technicals and the SP needs to settle - if people are interested. I know a lot aren't!

Sheltie, you seem like a sound chap, but a rise can be overdone as can a fall. The market mis-prices, both via discount and overpricing all the time. It went up too quick and came down too much. That doesn't mean it isn't worth more. That where upside and opportunity lie. It is also how the MM's make their money. Warren Buffets entire business model has been to buy when he feels fundamental value is being discounted. But I do like your analogy of DT's IPO in a day. Very good.

What happened this morning was the price failing at the 50ma. A close above would have been a step too far I think from the low base the SP was at, that's why I sold. At this juncture the SP is trying to fill the gap and shaking out as many of today's frustrated buyers as possible.

I am pretty surprised that the SP has fallen from the highs of 495 back to 425 in one fell swoop on the back of that news. I am not one for arguing with the market but on this occasion, I think today's trading has been pretty shocking. It was a much better update than the market response and shows again Dark are delivering against and beating their targets. It's performing better than it did when the SP was £10.

As regards top ups, clearly anything in the 420's should see a profit in due course - this retrace is massively overdone. I am using the volatility to chip away at my re-entry price. Its a risky strategy so I wouldn't advise following it. I only have a few % to make up.

40% increase in customers = 10% in SP. Just a matter of time before this rerates properly.

"The company ended 2021 with 6,531 customers, having grown its customer base by 39.6%."

https://www.reuters.com/technology/uks-darktrace-ups-2022-growth-forecast-strong-cyber-demand-2022-01-11/

https://www.cityam.com/darktrace-expects-50-per-cent-revenue-growth-as-it-defies-analyst-criticism-and-controversy/

I imagine some went short at 490 and then have ridden this down. Looks like 430 was the target.

Thanks Charles, not a 100% perfect trade as the MM's have been brutal this morning. As much as it was a decent exit and an ok re-entry, I take no pleasure seeing how freely the MM's spiked everyone who bought in this morning. Really insidious tactics to gap up as much as they did and the bring the SP below the gap. But that's the game.

They are shaking it around knowing they have just spiked a load of people and there is a gap. Just how it goes. I am happy to average down at these levels and do it all again. Given the precipitous falls since 1000p, and the strength of the business performance, it should get into a decent uptrend soon. Impossible to precisely call tops and bottoms.

Yep I traded out at 488. Watching to re-enter again.

A beat and an upgrade on ARR and revs.

Q2 FY 2022 sales performance was better than expected, both because of strong new customer acquisition and improvements in ARR churn and net ARR retention rates. Based on 1H FY 2022 outperformance, and management's unchanged view of the 2H FY 2022 balance between positive sales momentum and potential impacts from efforts to evolve its salesforce structure, Darktrace is increasing constant currency ARR guidance. For FY 2022, Darktrace now expects a year-over-year increase in its constant currency ARR of between 37% and 38.5% (previously 34% to 36%).

Foreign exchange headwinds have continued to be less than previously forecasted, accelerating the conversion of constant currency ARR to US dollar denominated revenue. Based on this, and higher than expected ARR growth in 1H FY 2022, Darktrace is now expecting year-over-year revenue growth of between 42% and 44% (previously 37% to 39%),

Exactly. No one knows precisely what they will release in the update but they will have had broker advice on the buyback based upon all available information at that point in time. They concluded that they wanted to begin the buyback, which if you were about to release poor results would seemingly be pretty poor judgement.

It's the stock market so wouldn't be the first time a BoD had made a bad decision, but it doesn't seem too much of a stretch to think the board would have considered how their year was going when they decided to commence buying.

They can't buyback between the end of period the Q update relates to and the release of the update. It should start again post RNS.

Looking like the back test of the recent drop today. Obviously suffering a bit at the moment but the 30%+ discount to NAV and assoc upside here is very compelling. Amazed it isn't being bought up.

Dark is at an interesting juncture this week with results due. If you are short and haven't just jumped on a bandwagon, you were likely short from a much higher point. This is the greed phase of the trade, where profits are already decent and you have to decide whether to risk your profits for a bit more of a gain at an already low SP by holding through a possible fightback by the business (results and buyback resumption) or to get out and bank before the volatility. Obviously the squeeze comes when parties realise others are closing. With a trading update this week, there are certainly decisions made for those short and it won't take many of them de-risking to set the reversal in motion.

Significantly there are no major institutional short positions that I can see from looking over the weekend.

Important moment for the company and its comms that's for sure.

Everyone not invested in a share always has a target entry price that is miraculously some way below the current SP. This time it's a cool 20% on top of a 60% fall for a multi-billion pound company.

Apparently that is also the end of trading price on day one of the IPO, meaning the entire last year's achievements of the company are worth £0 in market cap.

Some of the posts on this board are truly ridiculous.