Yes, and while rents go up, life goes by, and mortgage rates already start to fall (and almost certainly interest rates will be falling by end 2023), this is a huge benefit to buyers! Good thinking, counter or beans at PSN - or marketing executive.
Vulture1. Wouldn't be a hedge of there wasn't some cost. I was pleasantly surprised by the update and got in first thing at £13 having sold at £12.91. Not complaining after today's rise but it could have been different.
Not sure your expectations of £1.50 are imminent, but as soon as dividends are being paid again and the company gets back into FTSE 350 then price should stabilise at well over £1. Right now it's getting close to a sensible price for a company that's not paying divs, despite promising EBITDA.
Agreed. I've sold out of Darktrace. Won't be returning. Nice loss. My mistake. Never again.
Yes, a price roughly 1/10th of what it was at the recent time of a possible takeover despite reasonable results in obviously a tremendously accurate assessment. Why not 5p or .5p a share?
Well, you were right on that one. Must be very disappointed with the presentation and the market response.
I think our disappointment in the presentation and market response is pretty universal (assuming you're not a shorter). Some reason to think bigger problems may exist than just macro headwinds.
Price will jump once Card gets into FTSE 350 and upwards as passive funds have to buy. I did work it out a couple of years back. Think it was an sp of about £1.30.
Happy Days...
I had no trouble buying and selling today. Price went up, then down, then back up about half way. Nothing odd...
In the financial calendar - it states 3rd Jan to mid Jan is a closed period ahead of the 2nd quarter update. So the update could be any time up to mid Jan! Closed period is just when trading by people in the company is restricted because of insider info. However, the share price jumped a bit just at the start of the closed period...
Depends on the 'exponent'. Suggest this one is parked...
There's a good reason FTSE tends to go up when pound weakens against dollar and down when pound strengthens. Methinks a certain honorable person needs to work out a few examples!
Stronger pound hardly benefits takeover value. But pound in still pretty weak. 2 dollars to pound not that long ago!
Err. Are you an idiot?
Unfortunately analysts are mostly idiots!
Some very uninformed stuff in this thread. The company has already announced big changes to dividend payments. Share price has already dropped so take account of this. There will only be one payment for FY just ended. Likely to be between £1 and £1.45 pee share - probably lower end. Company is retaining more cash, and profits will be down. Plus more cash has been set aside for cladding and similar. Then an interim div for the calendar year 2023 will be paid in second half of 2023. Given current conditions I expect this to be no more than 40p per share. My best guess right now is total div payment of £1.45 per share during this calendar year made up of £1.05 final div for 2022 and 40p interim div for 2023. Then perhaps 80p final div payable in 2024 plus 60p interim div payable late 2024. Then hopefully gradual improvements. But goodness knows!