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Stockdale
‘The drop for the dividend from a close price of 507p was expected as 481p. The current SP of 477p is no more than the usual sink below that before the inevitable recovery’
Do you really believe that?
I predict Phoenix will continue to plunge tomorrow.
When a stock goes ex dividend, especially an Uber dog like this one, it continues to drift for days afterwards.
Listen and learn so next time you won’t make the same mistake.
As I said a deadly catalyst. Now the pivotal £5 support is broken, the SP will be driven down towards £4
A lot faster than you think.
Pollack
You should at least have waited for 450p
Dividends can be awful catalysts for downward spirals, as we are seeing today.
Also dividends are pointless if market makers are going to mark the SP down twice as much as the payout
I do not pretend to know all what’s going on with this dog, but the ten percent dividend is a giant red flag and for that reason alone should be avoided.
Also Phoenix is getting worked over and walked down by the market and is in free fall. And shares that get that degree of negative attention are best avoided. Right now it’s looking like an engine of wealth destruction, not an investment.
My advice - do not be sucked into this dog by a dodgy dividend that is deducted twice over from your capital.
Pedro
“Darktrace said that it changed its definition of adjusted operating profits and would now treat all commissions as cash costs.”
I suspect thé auditor’s raised this issue, to make DT appear more transparent. Although it’s more cost up front it amounts to the same. And very cleverly, it removes a stick shorting bandits used to beat DT with.
If only DT had floated on the US market, they would have done themselves a world of good. Although debated, it was decided against because of their Autonomy connection.
A series of broker upgrades since the company rubbished Shadowfall’s false claims will drive the price higher . As we’ve seen over the past couple of days, a company with low liquidity that’s being shorted can rise precipitously. The chances are if you sold is that the buyer was closing his short (at an eye watering loss) And to exert even more pressure on short positions the share buyback program decreases liquidity even more. Fortuitously for DT most of the 75 million allocated to the buyback was completed sub £3. It doesn’t get much better than this.
Darktrace Plc : HSBC raises target price to 525p from 430p
Darktrace Plc : Morgan Stanley raises target price to 480p from 420p
Darktrace Plc : Needham raises target price to 475p from 330p
Darktrace Plc : Piper Sandler raises target price to 500p from 385p
Nigel
"For any entity looking at a takeover of BT, the valuation of the assets will be an important consideration, so I'd expect at least £3 and possibly as high as £4 a share offer for it to be given serious consideration."
I see the biggest drawback on any prospective takeover of BT is the politicalisation of the company by meddling politicians, imposing conditions in order to gain popularity amongst the electorate.
Politicalisation of UK banks has destroyed the sector as a worthwhile investment. Barclays for example is the cheapest constituent of the ftse100 by every known metric.
It trades at circa 150p a share but its real value is three times that amount (450p)
That’s the damage politicalisation does to companies. In fact, I’m absolutely amazed JP Morgan, GS or another American banking giant hasn’t made an offer for Barclays and its incredibly valuable assets yet?
Although tempted, I suspect they believe politicians would intervene and ban any potential takeover. The same fears weigh on BT’s shareprice. As it stands now politicians treat BT as though it were in the public sector, and they override the management at the expense of its shareholders . I can’t see this ultra-over-regulation changing whilst slimy politicians continue to meddle in the private sector in order to win votes. Bank bashing by nefarious UK governments has become a regular tool in today’s electioneering. The country would benefit greatly if politicians were eliminated and an AI common sense computer ran it. Brexit being an extreme example of the horrific damage politicians can inflict on the economy and their own people to serve their own ends.
Aany
That website is totally inaccurate. Professionals don’t base their decisions on antiquated websites that are available to any Tom Dick and Harry. They use professional source, not ones designed to misinform and mislead, which only tell a fraction of the story.
When DYOR I’d advise getting access to some of those websites instead of using the Mickey Mouse ones.
Have been following Darktrace around like a bad stink since it floated on the market. Perpetrating false rumors and using ML’s tarnished reputation to trash the company at every opportunity.
It’s not the first time they’ve targeted the wrong company - shadowfall slipped up on their massive Blue Prism short; but to name one.
But that’s nothing compared to their f**k up with their Darktrace short. I don’t expect those morons will get a lot of sleep this weekend. When they reconsider their position on Darktrace will they exit and suck on their huge losses, or hold and hope like the terminal losers they are?
Okay - they’re playing fast and loose with other people’s money - but their latest failed short on Darktrace will do irreparable reputational damage to their soiled brand. And that’s before the eye watering losses are taken into consideration.
I hope they hold and hope because Darktrace could hit £10 or more. In fact does anyone know if it’s possible to short these Shadowfall losers - because it’ll be the easiest money you could ever make. If Shadowfall hold and hope they will go bankrupt.
Fleccy
“Time will tell if I'm correct, I can't help it if you two are too thick to understand it.”
Let’s all remind ourselves why we trade/invest in stocks. It’s in the expectation that the shareprice will rise and your asset will increase in value. Right?
No one on these boards has got trashed on their investments as much as you. And anyone who followed your advice would have been decimated too. There’s never a day go by without you posting upbeat forecasts and utopian futures for the telecom sector.
But the reality is very different. You only need to look at your eye watering losses to see that. That is the reality you choose to ignore.
Another drawback of investing all your money in terminal losers is it ties your money up and prohibits investing in winners.
Of all the shares you had to pick three of the worst. Doesn’t it bother you when you think of all the money you could have made had you bought into other countless other companies?
Your losing bets have only compounded further losses from the money you could have made from alternate bets.
Your’s is the worst case of self-denial I have ever witnessed. And all the evidence of that denial is right before your eyes in the only number that counts. The red one which spells out your astronomical losses.
And as for time telling - in your case it has done just that - nearly a decade of failed predictions for the telecom sector,; laboriously written in thousands of posts on these boards.
Time is finite - and given your advanced age time is running out.
Fleecy
‘I would think there's a limit to how far the market can push the price down from here.”
Yes and as with any other share that limit is zero.
Last time I checked (about 12 months ago) Voda was saddled with over €40 billion of debt. As the shareprice tumbles the ratio between market capital/debt increases. In the long term that is unsustainable. Cut throat competition and wafer thin profit margins adds to the sector’s woes.
It’s my belief that both Voda and BT will both need huge capital raises further down the road, to remain in existence. So all those dividends you’ve reaped will be paid back with interest in order to retain your slice of these companies. It bewilders me to think that Voda continues to pay out unaffordable dividends which aren’t covered by earnings. Effectively they are borrowing even more money to pay dividends and digging themselves deeper into a debt hole, from which there could be no return.
In my opinion Vodafone could fold, go bankrupt - followed by a fire sale of its assets to pay off its creditors. There’re clues in the shareprice Fleecy - and Vodafone is being priced to fail.
Bowler
“Can anyone make sense of why BT share cannot move forward.”
In a word…
Sentiment.
Fleecy
" in 5-10 years this. company will be a completely different one. "
Completely agree Ian, I've been saying as much myself for the last couple of years.”
———————————
That’s not quite right. You’ve been saying BT will be a completely different company for the past 5-10 years; alluding to a hefty rise in the shareprice.
Whereas in reality, the shareprice has been decimated over that timespan.
If value erosion continues at the same pace over the next 5-10 years the shareprice will fall to 30p
Never a good idea to go overweight in a solitary sector. Or in your case All In.
Your other major holding Vodafone has hit an all time low - 72p today.
Deluding yourself that all will come good in the end wears a bit thin after banging the “I’m in it for the long term drum for 5-10 years” and thinking of it as a magic bullet.
The brutal reality is that the longer you hold some shares the more you lose. Your investment tragedy could be used as a textbook example of the importance of diversification and the perils of ploughing all one’s money into a single sector.
A sector, it must be said, that has perennially underperformed the wider market, and one responsible for more wealth destruction, than any other.
scmd
You don’t have a clue what you’re talking about. I don’t know what your game is but I do know you are no trader and never will be. Your objective seems to be to post as much abject garbage as humanly possible in the hope you’ll impress the impressionable.
Take that as a callout to find an alternative occupation because you’re never going to cut it as a stock trader. You’d be wiped clean in a few weeks if you really did trade.
And this is from a pro.
Magmamus
You really are a prime example of those with nothing worth listening to have the most to say. I’ve seen all this nonsense on these boards before - you don’t have a single share in this company - your motive is, for whatever reason, to lure people in in the hope they’ll get wiped out. Only the most naive would listen to a superlative fool like you. No substance whatsoever to your posts, just the same old six word diktat urging people to buy; ad infinitum.
I hope you’re getting paid for your mindless ramping because if you aren’t, it would suggest a major personality disorder.
Bankruptcy
Why would you buy a ticket to board the Titanic after it had hit the iceberg?
In this business we call what you’re doing ‘jumping in front of a steamroller to pick up pennies.
You may have been later to the party but you seem determined to go down with the ship. You got lucky this time but don’t mistake dumb luck for brains.
Instead of a 6p gain the shareprice could have easily taken a 20/30p dive and then you would have held and hoped instead of cutting your losses, like all novices do. If you carry on like this you won’t have any money to party. I suspect you chose the moniker bankruptcy based on personal circumstances.
This’ll put the wind up the boiler room shorting boys.
Darktrace closes its largest deal to date with a critical infrastructure organization to get ahead of state-sponsored attacks and support digital transformation
Cambridge, UK – [Thursday 9(th) February, 2023] – Darktrace, a global leader in cyber security AI, today announces availability of Darktrace PREVENT/OT™, a product that identifies the paths adversaries may take to attempt to disrupt the operations of critical infrastructure. This unique approach uses AI to "think like an attacker" to visualize pathways within information technology (IT) and operational technology (OT) that lead to critical infrastructure assets, empowering defenders to harden environments and stay steps ahead of the adversary.
PREVENT/OT is part of the Darktrace/OT product family, protecting complex industrial environments against known and unknown attacks, using self-learning
AI to discover and identify assets and detect subtle deviations that point to a cyber-threat. First launched in 2015, Darktrace/OT DETECT and RESPOND™ are currently used by hundreds of critical infrastructure companies in utilities including electric, water, oil & gas, maritime, and transportation.
I know these boards are frequented by the naive and impressionable but my advice to you to dismiss hysterical postings like those of CR
They reek of desperation and loss
And I am long on Darktrace.
Cr888
‘Dark back up to fair levels , even Peel Hint set a price target around 480 p’
Mindless hysteria
Keep a lid on it.
Anyone reading your posts are going to sell in the first instance.
CR 888
I have have small long position in DT so I’m batting on the same side as you.
But for Christ’ sake dial the hysteria down. Anyone reading your posts would be forgiven that you’re sitting on a HUGE loss and are trying to suck people in. The context of your posts SCEAM SELL.
Darktrace is a profitable company in no need of any hype.
Sheltie
‘You can almost smell the fear’
Very melodramatic, but you don’t know what fear is unless you’ve held stocks in Northern Rock, Woolworths, Cineworld and countless other failed business models.
Oldbridge
But whatever way you cut it, the buyback will benefit the company and investors more if the shareprice remains depressed
I’m praying the SP will stay low. I’ve factored in 30 million shares cancelled on an average of 250p. Approximately 4.2 percent of shares in issue.
Those will substantial short positions are under pressure. All those shorts will have to be be bought back so when they stampede to the exit they could well get slaughtered. Quintessential must feel like there’s a shotgun being held to their ugly heads right now.
Darktrace have played a blinder with the timing of their buyback announcement. What we’re looking at now is death by a thousand cuts.
Every hyena hedge fund shorting DT are in collusion with each other. Right now they’ve closed ranks but what happens when one of them loses their bottle and bolts for the exit?
And my guess is quintessential will be the first one to blink because it’s a small boiler room operation staffed out by coke-snorting ex-jailbirds.
I am looking forward to the bloodbath.
Moral of the story - if you’re going to short - target broken business models. Don’t fabricate a false narratives about healthy companies.