JP Morgan’s Criminal Manipulation14 Apr 2022 10:32
Despite trading at a HUGE discount to their US peers JPM are slapping ultra low price targets on Darktrace in an attempt to drive the shareprice down.
I know three things about JPM…
1) they’re affiliated with boiler room hedge funds in the city who manipulate shares with erratic
algorithm and robo trading under instruction from JPM.
2) They are targeting Darktrace on behalf of US cybersecurity firms who are losing market share to a superior competitor.
3) JP advised their clients to short Darktrace before attacking it with derogatory price targets and comments.
What really angers me is that US regulation prohibits outright manipulation but in the UK market (which is policed by toothless fairies) they can manipulate stocks with impunity.
This is what Berenberg has to say about Darktrace.
“Cybersecurity group Darktrace (DARK) is seeing an upswing in profitability and Berenberg says investors haven’t seen the last of upgrades to guidance.
Analyst Benjamin May reiterated his ‘buy’ recommendation and target price of £10 on the stock, which slumped 11.7% to close at 400p on Wednesday.
The group has delivered yet another guidance upgrade, with adjusted Ebitda margins for the year now likely to be 15-17% – up from 10-12%.
‘What is clear though is that the company is not experiencing any slowdown in growth,’ said May.
‘Indeed, with fourth quarter estimates looking very conservative, we do not think this will be the last guidance upgrade.’
May added that the company is going through a ‘significant upswing in profitability, evidenced by an almost 30% increase to our Ebitda estimate’.
‘We think that the penny will eventually drop and circa 70% discount to US cyber peers will start to unwind,’ he said.“