Member Info for Watchman007

Totally get forecasts are generally worthless but here is the average of ten forecasts from Simply Wall St.
As usual there's no time frame as to when the target may be achieved.
Darktrace
DARK
Share Price £2.86
7 Day 1 Year
-6.0% -68.4%

Price target decreased to UK£5.53
Down from UK£6.03, the current price target is an average from 10 analysts.
• New target price is 93% above last closing price of UK£2.86.
• Stock is down 68% over the past year.
• The company is forecast to post earnings per share of US$0.0093 for next year compared to US$0.0023 last year.

Go via Southampton. I'm tracking you!

NKOTB - As has been stated many times here and on other boards, rampers and derampers have no effect on the share price, they do indirectly damage peoples wealth if they get sucked in.

They explained this time last year that the jump in ARR was down to Covid the previous year. The update is OK at best. Were talking about headwinds in the same update last year but the strong dollar then added to revenue. Doubt very much that a new bidder will be inclined to offer any more than TB's failed offer - if indeed there was one. We are now at the mercy of the wider world until any significant change.

Again Sheltie, agreed re interest rates. Notwithstanding the MisTruss and Kamakarzi show, interest rates have been artificially low for over 10 years due to the last bank collapse and central banks response of "quantitative easing" - read devaluing currencies via stealth. So BBCC, yes house prices are high now, but relatively not much higher than in the noughties, nineties and eighties. This whole scenario in the UK was precipitated by the likes of Northern Rock giving 120% mortgages. This fueled house prices and led to the banks looking into the abyss when their customers defaulted. As Christopher Fyldes used to say, financial crises repeat themselves when those who remember the last one have retired. I remember living in Texas in the 80's when banks were throwing money at all sorts of uncreditworthy folk and the same thing happened. It's easy money until it aint.

SW77, couple of points I don't get.
Firstly most of us retail PIs don't have the luxury or 'going short' unless you spread bet. Probably a good thing as I'd doubtless find ways to lose money that way as well.
Second, why would you buy on the way down if you thought it was going to 10p? Like you, my average is underwater but I neither have the funds or the desire to keep on shooting myself in the foot by buying more. I have a value that I feel may be worth topping up on, but that will depend on trading update and 'world recession' (which we have already entered). At some point I will decide if this is rescuable or whether its best to take the loss and go away.
ATB

Sheltie. Feel there is more downside risk from the results than the other way. If DT don't maintain the trajectory they have been on (results wise) the SP will take a hit. If they come in with expected or even better than expected numbers I don't see a lot of movement upwards in current climate.

Except down. Hope I'm wrong.

Sw77. The markets and our opinions are frequently wrong simultaneously. The reaction to the pandemic was probably overblown but the bounce back, in hindsight was not based in fact but more like overoptimism. In this country reality has dawned. In this atmosphere most stocks, including DT aren't going anywhere for a while yet. ATB.

When the TB talks were leaked, the indicative price was around £5.70. The fact that TB walked away indicates to me they didn't want to pay that amount so it could have been a DT aspiration. It is telling that even during August's excitement the price never got above £5.45. Regardless of $/£ ratios I don't see a line of US investors falling over themselves to snap DT up.

Lending, I know you are a long term believer and respect that. I was putting out the opposite side of the 'what if' scenario more commonly posed here. none of us know what the update will look like, hopefully the trajectory will be maintained.

Charles and Co. Look away now. If the next update shows slowing / non growth or a wobble in ARR whether due to inflationary pressures or clients cutting back or both, how low will the price go? I have no idea if this will happen and hope it doesn't but there have been so many 'certainties' with DT that haven't come to fruition the price may go to a point where a hostile takeover could pick them up for loose change.

Charles, you can work it out by the fact that their remaining shares, 86579924 = 12.06% of all shares.
You can work out 1.5% from there. That's tonight's homework.

Yes, Summit offloaded 1.5% of their holding.

One good thing for WOSG to come out of all the economic mayhem going on at the moment is the reintroduction of Duty Free shopping for foreign visitors. It was quietly abolished when we finally left the EU and its effects were never really measurable due to the pandemic. It put the UK at a massive disadvantage to European destinations so at least that has gone. When tourism and business travel finally get back to 'normal' WOSG are well placed to benefit with sites in most Heathrow and Gatwick terminals as well as stores in Regent Street, Oxford St, Bond Street and Knightsbridge.

Also we are a fossil fuel net importer paying in dollars.
The cap is great for everyone right now but will increase the governments borrowing requirements even more.
Hence last Friday was not a 'budget' so no need for the Office for Budgetary Responsibility to cost it. Smoke and mirrors.

Clued, yes aware of that. My point is that even though £ v $ is very favorable, why come in at $6 say when in a year they could be looking at less with an even weaker pound. I would be delighted if a bidding war broke out and I was proved wrong.

As is often the case Sheltie, we are aligned on this. There is a lot to the aborted TB buyout that we will never know. The price was mooted at £5.90 very early on. I think in the current economic climate in the UK with Kwasi and Liz driving us over a cliff any potential buyer will wait as not just the pound but also the DT SP is under threat.

No Johnny. They’ve stuck it all on one number

Sheltie
Hope the concrete sets. Some time ago I floated the idea of £2.50 and was laughed out of town. Now I worry for £2 by Christmas. Glad I only had a nibble last week but avg still north of £5 :-(