Member Info for sheltie

These are the Barclays Broker notes. Just two days separate a Target Price of 70p and then reduced by a huge percentage to 58p! Fat Fingers or just a grudge, as nothing has occurred to warrant a 20%+ drop. Finger in the air guesses. . . .

05-Jul-23 Barclays Hold Target Price = 58.00p Reiteration

03-Jul-23 Barclays Overweight Target Price = 70.00p Reiteration

I don't think that anyone can accuse me of being 'protective' of Darktrace, in fact almost the opposite. However, AquarianAge, I have seen more sense come out of my dog's assh * le. . .

Cut and pasted and 100% 'exactly' as it appears, on the Barclays Technicals page. . . .

ToffAppleton1 quality post. . . .

To this I can add that Barclays have 400p as the Trading Resistance (TR). In terms of overall Resistance (R) and Support (S) I can report that R is 429.43p and S is 284.80p. R2 is 472.43p and S2 is 271.94p. Technical comments as follows:

Short Term:

Technically, the structure of the price is bullish placing the price at 284.8p levels, especially critical support below which the technical rating would go to a neutral state. Upward, it is advisable to monitor resistive levels of 429p and 472p that would warn of an improvement in technical bias.

Long Term:

Although on the 23th of march lows at 198p were reached, lower levels than the previous reference lows in october 2022 at 281p the current bullish trend has been able to rebound, thus advancing by 98.8% and above, again, both levels, with highs, at the moment, in quotas of 393p

Technical Comment: BUY

£3.47p - UP 18% and climbing . . .

No

Final Results will be published on August 14th 2023. . . .

Hello Eightyeight88 - yes, I have indeed taken another position here (5 figure investment, but much less than before). I actually sold at £3.79p way back when and have now bought back in at £2.76. I decided to buy back-in, in mid May, when Barclays Technicals changed from 'Sell' to 'Accumulate' (nb. I am very mindful of Barclays' Technicals; as I detailed here at that very time). I still have my 'concerns' here (mainly Top line v Bottom line) as I am really keen to see some chunky profits from now - rather than increased (and ever diluted) sales. We shall see, but for me, it is ALL about the Bottom Line from here on, as the company is no 'Spring Chicken' anymore!! If DT get's it's profits sorted - then DT is sorted. . . .ATB

darktrace shares rallied after hsbc maintained its 'buy' rating on the cambridge-based cybersecurity firm. the broker said the group's results in mid-july could provide an update on its investigation into the allegations made by the new york short-seller *****essential earlier this year. shares soared 13.2 per cent, or 40.5p, to 347.3p.

Personally I think it is just that the wider Market is more bearish than bullish with Darktrace. It continues to have a huge amount to prove and thus far at least, has failed to produce any meaningful profits. 'Top Line' growth is pretty good, yes. But (and it's a big but) 'Bottom Line' is pants. "Must do better" as my school reports kept telling my parents at the end of each term. No 'conspiracy theories' going on here; just a company that has yet to prove its initial IPO hype. . .

No they can't.

For sure. It's either news from EY (which I personally doubt) or yet another Director off-loading. 'The enemy lurks within' with DT. . . .

Litoum - This may / may not help to answer your question, but basically not dissimilar to what you were saying in your first post. Confusing 'language' I do appreciate; but out of the 27 key measurements of theirs, 16 are now green (as opposed to almost all being red just a few weeks ago), so across all areas (eg Bollinger. EMM, MM, Overbought, RSI's etc. etc.) it looks a bit more encouraging. However, they are 'technicals' so they can spin on their axis without warning! This is copied and pasted, so exactly as it appears on their site....

Short term comment

The current price phase warns of an environment bullish but very close to the support and critical area that today generates the upward guideline in 257.373 levels. The 257.373 - 243.95 range represents an area of greater neutrality, so the loss of 257.373 would prevent a bullish rating.

Long term comment

Although on the 7th March lows at 198.000 were reached, lower levels than the previous reference lows in October 2022 at 281.300, the current bullish trend has been able to rebound, thus advancing by 54.8% and above, again, both levels, with highs, at the moment, in quotas of 306.596. End

Litoum I personally think that the Shorts are a bit of a red herring. They're pretty small in the scheme of things and don't worry me personally. The big problem is that DT carries a LOT of baggage, which always takes a long time to shed. The EY report will help, BUT for me, it's all about DT growing the Bottom Line. The latter is pretty poor, but if they can start churning the profits then DT will move northwards pretty quickly. Not easy, but we shall see. However, at £4.70p, I can very easily see why the current £2.99p share price, is hugely tempting to you for averaging down purposes. Good Luck to you either way. ATB

Litoum I have followed the Barcalys Technicals very closely here for two years. At present they show DT as "Accumulate" which is a big deal as, for the last eighteen months, it has consistently been "Sell". So, signs of encouragement for sure from the Barclays Technicals Team; but still a horrible distance from where many first bought in (£7, £8, £9+). Patience is the key and by that I do not mean later this year!! DT needs to robustly enhance its poor 'bottom line'. Then it needs a totally squeeky-clean 'bill of health' from the now imminent EY report. EY will be very nervous too, as the report is vital for their credibility; so no stone can remain un-turned by their team. Forensic Accounting always takes time! That said, I'd say that there is certainly more to be encouraged by now, than six months ago. But holders should continue to remain alert to the unexpected here. . . . ATB

100% correct. If ever there was a buy and hold, then it's RR. Absolute keeper.

Apologies, if previously posted; but this is taken from the current weeks' IR magazine. . . .

https://www.investorschronicle.co.uk/news/2023/05/11/flames-tamed-on-rolls-royce-s-burning-platform/

Https://www.fool.co.uk/2023/05/15/should-i-buy-darktrace-shares-now-theyve-fallen-so-low/

Technical gremlins are preventing me from posting the link, but it can be found in todays' Daily Mail. As expected, shares are being sold to fund the case. . . It can be found in the main section not the usual 'Money' section, but you will need to scroll down quite a long way. . . .

Second time lucky. . .

https://www.thisismoney.co.uk/money/markets/article-12080293/Wifes-20m-share-sell-tycoon-Mike-Lynch-extradited.html?ico=mol_desktop_home-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fhome%2Findex.html&_ga=2.151818621.539799219.1681052699-758613370.1661027890&_gl=1*2q3x3w*_ga*NzU4NjEzMzcwLjE2NjEwMjc4OTA.*_ga_XE0XLFFF16*MTY4NDAzNDg5NS4zNDguMS4xNjg0MDM1MTg1LjAuMC4w