Member Info for Watchman007

I wonder what poor results look like? They made a whacking great loss.

Its noticeable that whenever anyone posts anything negative about DT - whether speculative or not - there is a group who's first reaction is to accuse them of being shorters or working for shorters and attacking them quite robustly. We've said many times that what goes on here does not influence the SP but it does influence Individual Investors, especially small investors IMO. DYOR is overused, if true, as the information out there isn't always relevant or accurate. It'd be worth bearing in mind when coming out with wildly speculative predictions or outlandish 'what if' scenarios where at least three or more events need to occur that the SP will be unaffected but there will be people out there who may swallow the bait with painful consequences.

Update
8th Mar - CR888 " 600p by end of year" Price now 268p
16th Feb - CR888 "Feb next year Dark could be 800 p or I eat my hat :) (+ 197%) Price now 269p
15th Feb - CR888 "I see Dark going up 100 per cent from here in next 6 months to 520 p" Price now 260p
6th Feb - CR888 predicts "I doubt Dark will stay under 350 p for more than 2 weeks , or I will eat my Hat :):)" (+ 50%) Price now 233p

Sheltie predicts "£1.50p to £2 range over the course of 2023."

Two hats eaten now as nowhere near £3.50 predicted by today.
There's ramping and there's ridiculous over optimism. You decide.

Keep holding onto the dream Charles. As much chance of US going with Brit company as with Chinese or Russian.

I don’t think DT would list in US anytime soon due to ML issue or they would have done at IPO. Could there be stricter accountability stateside? Agree that London has become institutionalised and is poorly regulated but DT knew this going in.

First hat eaten 20th Feb. Predicted 350p. Hope you bought another to eat on 7th March.

CR888 Could it be that MW think they know something you don't? Regardless of manipulation there is no 'upward trend ' worth mentioning

Jeffries is the house broker. Make of that what you will

I hope you're wearing your tin hat. I feel there will be incoming very soon :)

Sheltie, wish you all the best and completely understand. Sometimes sense of humour goes awol but I don't think this board is too different to some of the others when it comes to ramping and pack mentality. Certainly a lot of confirmation bias at times but 'you know who' occasionally comes up with nuggets of pure comedy gold. Good luck with Lloyds.

Hi Hopad, you're correct, the price has rallied from its recent low due to a combination of shorters covering and the company buying back shares. The point of them buying back was to support the price - they had up to £75m to spend. If they stop buying maybe the SP will fall back but that would indicate that the price only rose because of the buyback in the first place.

Hi Sheltie. One line of thought gaining credence is that this is a keeper and we don't want a takeover bid. In five years time this will be flying into Charles' fantasy numbers for next year - 850p +. Thats how I understand it and it makes sense. As you point out once the froth had blown off the top (there was a lot of it!) its true value is revealed. CR888 forecast £3.50 by March 7th or 8th - he wasn't sure of the date at the time. Still doable but unlikely.

Their RNS announcing the EY report had a footnote that said their guidance remained the same as the trading update so the 'largest new account' was already factored in, as was the product enhancement.

They will likely hit their numbers for the year, they are good at managing expectations. Jewellery sales are soft which is what caused the drop after trading update. The SP will be more driven by macro events like UK & US inflation and Ukraine over the coming months.

MrLong, if you live up to your name (strategy wise) then I'd have thought Panda and Lending's stance would be the one you favoured, rendering daily, weekly and even monthly SP secondary. The buyback regime appears to be doing its job and everything else being equal with no surprises on March 8th and then the EY report a steady increase may continue. If you're a day trader I don't think this is the share for you. For all my perceived negativity I will have to plan for a long hold as my average is north of £4.40. Do I invest more in the meantime or cut my losses? That's my decision, but if the SP reaches £4.40 in the next year I'll be happy - and surprised.

PI_Winner, I am in no doubt that they will be erudite. There are plenty of examples where independent reviews have not had the outcomes their commissioners intended. I'm not saying that will happen here and certainly don't wish for it. As the man from Hong Kong likes to say, lets see...

US markets down yesterday

PI_Winner. EY report may well be as you say, a clean bill of health with a few relatively minor recommendations to make it look like they've been thorough. I sincerely hope that is the case. They will not however, shy away from pointing out any red flags as that would be negligence or worse. No doubt they would also relish getting one over on Grant Thornton if they found something. As was stated in the RNS the repot won't be completed by March 8th, and in fact no timeline was given or implied so speculating when seems a waste of time. Also, fwiw, I don't see TB circling back for another go at a buyout when they walked away already without making an offer. That doesn't mean others won't show an interest but so far they've resisted the temptation.

Thanks Pat. So they've bought back around 0.5% of original stock so far and the SP has risen 50% since 31st Jan. That's a rise of 7.2% since year end figures so yes in the very short term the 'trend' is upwards. However since Thoma Bravo walked away in September the SP is down over 18% from £3.30

Bug Zapper = filter. Works for me :)