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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Darktrace Plc | DARK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 576.80 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 576.80 | 576.80 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 20/9/2024 15:57 by apotheki RECOMMENDED CASH ACQUISITIONof Darktrace plc by Luke Bidco Limited (a newly-formed company indirectly wholly-owned by funds managed and/or advised by Thoma Bravo, L.P.) to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act 2006 Summary · The boards of directors of Luke Bidco Limited ("Bidco") and Darktrace plc ("Darktrace") are pleased to announce that they have reached agreement on the terms and conditions of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of Darktrace. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the 2006 Act. · Under the terms of the Acquisition, each Darktrace Shareholder will be entitled to receive: for each Darktrace Share: $7.75 in cash · The GBP equivalent value of the Acquisition price per Darktrace Share based on the Announcement Exchange Rate, being 620 pence, represents a premium of approximately: o 44.3 per cent. to the volume-weighted average price of 429.9 pence per Darktrace Share for the three-month period ended 25 April 2024 (being the last Business Day before the date of this announcement); o 20.0 per cent. to the Closing Price of 517.0 pence per Darktrace Share on 25 April 2024 (being the last Business Day before the date of this announcement); o 19.6 per cent. to the highest closing share price of 518.6 pence per Darktrace Share for the twelve month period ended 25 April 2024 (being the last Business Day before the date of this announcement); o 46.0 per cent. to the 21 March 2024 secondary placing price of 425.0 pence per Darktrace Share; and o 148.1 per cent. to the IPO price of 250 pence per Darktrace Share on 30 April 2021. · The Acquisition values Darktrace's entire issued, and to be issued, ordinary share capital at approximately $5,315 million on a fully diluted basis and implies an enterprise value of approximately $4,992 million (which is equivalent to £4,254 million and £3,995 million respectively based on the Announcement Exchange Rate) and a multiple of approximately 34 times Darktrace's Adjusted EBITDA for the twelve months ended 31 December 2023 of $146 million. · Bidco will procure that a facility will be made available under which Scheme Shareholders will be able to elect (subject to the terms and conditions of the facility) to receive the cash consideration in Sterling (after deduction of any transaction or dealing costs associated with the conversion) at the applicable market exchange rate on the latest practicable date for fixing such rate prior to the relevant payment date. Further details of this facility and the election by Scheme Shareholders wishing to receive their cash consideration in Sterling will be set out in the Scheme Document and the Form of Election. On the basis of the Announcement Exchange Rate, the cash consideration implies an equivalent value of 620 pence per Darktrace Share. For any Scheme Shareholder electing to be paid their cash consideration in Sterling, the amount per Darktrace Share received may, depending on the prevailing exchange rate, result in a payment below or above 620 pence per Darktrace Share. · If, on or after the date of this announcement and prior to the Acquisition becoming Effective, any dividend and/or other distribution and/or other return of capital or value is announced, declared, made or paid or becomes payable in respect of the Darktrace Shares, Bidco reserves the right to reduce the consideration payable under the terms of the Acquisition for the Darktrace Shares by an amount up to the aggregate amount of such dividend and/or distribution and/or other return of capital or value, in which case any reference in this announcement to the consideration payable under the terms of the Acquisition will be deemed to be a reference to the consideration as so reduced. Any exercise by Bidco of its rights referred to in this paragraph shall be the subject of an announcement and, for the avoidance of doubt, shall not be regarded as constituting any revision or variation of the terms of the Scheme or the Acquisition. In such circumstances, Darktrace Shareholders would be entitled to retain any such dividend, distribution and/or other return of capital or value. |
Posted at 09/7/2024 10:10 by apotheki Just had a look on the DARK website and it just looks like a process [the scheme of arrangement] that no one currently appears to know the exact timings of the end game?Also did a general google search Anyone else care to take a look see and offer further comment? |
Posted at 05/6/2024 12:23 by foreverbull Elsewhere, CrowdStrike a competitor of Dark posted excellent results. Crowdstrike reports Q1 EPS 93c, consensus 89c Reports Q1 revenue $921.0M, consensus $904.7M. Burt Podbere, CrowdStrike's chief financial officer, stated, "The CrowdStrike team delivered another exceptional quarter driven by strong execution and platform adoption as customers increasingly consolidate on the Falcon platform. In addition to our strong top-line performance, financial highlights included record gross margin, significant year-over-year operating leverage, record free cash flow of $322 million or 35% of revenue and a rule of 68 on a free cash flow basis, showcasing our focus on profitably scaling the business to $10 billion ending ARR and beyond." |
Posted at 26/4/2024 09:04 by wad collector Blackhorse, I think you have forgotten that you already claim to have sold here and bought your other ramps.Blackhorse23 - 26 Apr 2024 - 09:26:43 - 4109 of 4111 Darktrace - ai Cybersecurity - DARK Out with profit & going to reinvest into GNC Blackhorse23 - 22 Mar 2024 - 11:26:59 - 4046 of 4111 Darktrace - ai Cybersecurity - DARK Money moving to APH [LSE] , excellent profitable healthcare company Blackhorse23 - 13 Sep 2023 - 10:03:33 - 3841 of 4111 Darktrace - ai Cybersecurity - DARK Switched to NCC , better value tech stock Blackhorse23 - 30 Aug 2023 - 14:14:05 - 3821 of 4111 Darktrace - ai Cybersecurity - DARK Switched to NCC , better tech company than here Blackhorse23 - 31 Jan 2023 - 16:50:01 - 3328 of 4111 Darktrace - ai Cybersecurity - DARK Will drop below 100p ? Serious accounting fraud Blackhorse23 - 25 Jan 2023 - 09:23:54 - 3218 of 4111 Darktrace - ai Cybersecurity - DARK Sold it with profit & reinvested in CURY Its much easier to be honest , then you don't have to remember your previoius claims... |
Posted at 12/4/2024 18:23 by timmy11 Broker Recommendations for Darktrace (DARK)Date Broker Recommendation Old Target New Target Rating Type 12-Apr-24 Jefferies Buy - 890.00 Reiteration |
Posted at 11/4/2024 11:21 by someuwin ...And of course, if DARK is trading 60% below US peer groups. That means DARK has to increase 150% to catch up. |
Posted at 22/3/2024 07:06 by apotheki Results of Secondary Placing in Darktrace plc ("Darktrace" or the "Company")Further to the announcement on 21 March 2024, KKR Dark Aggregator L.P. (the "Seller") announces that it has sold approximately 19,400,000 ordinary shares (the "Placing Shares") in the Company at a price of 425 pence per share (the "Placing"). The Placing represents a full exit by the first technology growth fund (NGT I) advised by Kohlberg Kravis Roberts & Co L.P. and its affiliates ("KKR") that first invested in Darktrace in 2016. Settlement of the Placing is expected to take place on 26 March 2024. The second technology growth fund (NGT II) advised by KKR did not participate in the Placing and will continue to hold an approximate 7.3% interest in the Company. The Seller has agreed to a lock-up period of 60 days, subject to customary exceptions, for the remaining shares in Darktrace held by NGT II. The Company is not a party to the Placing and will not receive any proceeds from the Placing. Jefferies International Limited ("Jefferies") and Joh. Berenberg, Gossler & Co. KG, London Branch ("Berenberg") acted as Joint Global Co-ordinators and Joint Bookrunners on the Placing. |
Posted at 07/3/2024 14:30 by premium beeks Clowns praising Apotheki for his Savviness here should remember his first ramping of this company on other boards in 2021, at well over 6 quid.The Chairman Elect - 10 Aug 2021 - 15:10:49 - 137871 of 186852 Share Ideas: macro & micro. - SHA DARKTRACE / LSE:DARK - Tuesday 10 August, 2021 / Darktrace PLC / LSE:DARK / TR-1: Notification of major holdings / RNS Number : 2039I / Darktrace PLC / 10 August 2021 / TR-1: Standard form for notification of major holdings / Summit DT Equity Holdings 3 LP took nearly all of it and now hold nearly 20% of DARK !!!! For when he throws his arms up aghast at the accusation that this user is him, one username stopped posting on the last day of May 2023 and Apotheki appeared the day after. Like I say, he's a serial berk. Probably worth looking at some of his other ramps as well - Tiraputi and HEMO two other dogs that he has pushed. Ciao. |
Posted at 14/2/2024 07:33 by halfpenny STILL IN THE DARK!!!TOO RISKY ITS A GAMBLE WITHOUT TRANSPARENCY...? Quintessential Capital Management is SHORT shares of Darktrace Plc (“LSE: Dark”) QCM Darktrace Report RDTDownload QCM follow up response to DTDownload •We targeted Darktrace (“DT”) with a deep investigation into its business model, selling practices, international partnerships, and sales force •We are skeptical about the validity of DT’s financial statements and fear that sales, margins, and growth rates may be overstated and close to a sharp correction. •Detected numerous transactions in the period leading to DT’s IPO seemingly involving simulated or anticipated sales to phantom end-users through a network of resellers. •DT seems to have repeatedly used marketing activities to channel funds back into its partners as payment for apparently fictitious purchases •These alleged channel stuffing and round-tripping activities may have involved shell companies in offshore jurisdictions manned by individuals with ties to organized crime, money-laundering, and fraud •We have detected a pattern of transactions suggesting that a portion of Darktrace’s past recurring software sales may instead be one-off sales of hardware appliances •Accounting anomalies involving deferred revenue suggest possible problems with DT’s revenue recognition, providing a potentially misleading picture about the Company’s cash generation. •Presence of serious accounting red flags consistent with reality detected in the field •Multiple executives, board members, line managers not adequately disclosing their involvement with Autonomy and selling shares •Increasing competition, questionable product value, “front loading” of existing contracts, high churn rates and lack of sustainable cash generation, point to a rapid, possibly sharp, deterioration financials •Employment, website traffic and search volume metric suggest a sharp slowdown may be underway We are of the opinion that Darktrace’s financial statements may not be relied upon as the company looks like a sophisticated replica of the Autonomy debacle Quintessential Capital Management is SHORT shares of Darktrace Plc (“LSE: Dark”) |
Posted at 13/2/2024 04:54 by halfpenny DARKTRACE - STRONG STAY AWAY!!!Show us the Details!!! More from City A.M..... When activist hedge fund Quintessential launched a short attack against London-listed tech darling DARKTRACE in January, the charge sheet was SERIOUS. Among a lengthy list of MISDEMEANOURS, DARKTRACE, Quintessential said, had seemingly “SIMULATED or anticipated SALES to PHANTOM end users”, repeatedly used marketing activities to “channel funds back into its partners” and may have used “SHELL COMPANIES in offshore jurisdictions manned by individuals with ties to organised CRIME, MONEY-LAUNDERING and FRAUD”. It should however be noted DARKTRACE has REFUSED to publish the report in full, and Quintessential has called on the firm to “fully unveil the details of the EY review” and facilitate an “open dialogue on its findings. “Given the SEVERITY of our allegations, we believe this situation warrants a significantly higher level of transparency, which DARKTRACE has yet to provide.” TOO RISKY..Smoke and Mirrors!! NO TRANSPARENCY!! DARK DAYS AHEAD...!! Now 150-175p Target!! |
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