Darktrace Share Discussion Threads

[timmy11] 31/1/2023 12:39

Response to Short Position in Darktrace

Darktrace plc ("Darktrace") (DARK.L), a global leader in cyber security AI, notes that Quintessential Capital Management, which recently announced a 0.86% short position, has today published a report in relation to Darktrace.

In response, Darktrace comments:

"We have never been contacted by the authors of this report for information . As a UK listed business, our management team and Board take our fiduciary responsibilities very seriously and have full confidence in our accounting practices and the integrity of our independently audited financial statements. We have rigorous controls in place across our business to ensure we comply fully with IFRS accounting standards. We're proud of the business we have built, which today helps to protect over 8,100 customers around the world from cyber disruption."

Contact:

[wallywoo] 31/1/2023 12:39

Why do posters keep talking about support and resistance. Neither is at play here. The share price has never been this low, so neither support nor resistance matters. That's why you need to watch this one rather than play it. Falling knife!!!Support will turn up, but the share price when it does is anyone's guess.

[steveberyl] 31/1/2023 12:35

NO WONDER THOMA BRAVO DID A RUNNER !!!! 25p tops

[halfpenny] 31/1/2023 12:29

Tecovator, thanks for highlighting the QCM report.
Glad I have now got out as I did expect Dark to do well before the report but now it’s a Disaster for Dark and once 200p support fails then the next support level is anyone’s guess!!
Or even a complete collapse, DARK MUST RESPOND?

Wot a complete mess and a SAD DAY for DARK..!!

[ianhamo] 31/1/2023 12:27

I doubt QCM would publish such a report if it wasn't true! Any gains taking a short position would be wiped out by losing a liable/defamation case I would think?

[mortal1ty] 31/1/2023 12:27

This has just become uninvestable until people can get some confidence in the accounts.

[kidknocked] 31/1/2023 12:25

Just read the Q report. Scathing indeed that needs addressing fully, their statement does not address this. Will watch from the sidelines.

[halfpenny] 31/1/2023 12:17

The TRUTH must come out.

Q. Who are there auditors and why haven’t they picked up on the issues in QCM report.

Q. DARK Shares should be suspended until authorities investigate.

TOO RISKY ….arrrgghhh!!

[one_frankel] 31/1/2023 12:17

With that report, Darktrace is looking increasing like WireCard MK2!

[halfpenny] 31/1/2023 12:12

Agree, too Risky and after reading the report the Risks for DARK have increased.

This is no longer a falling knife it’s a FALLING SWORD. Heads will Roll after reading the QCM report.

Disaster for DARK TRACE and its staff who I feel sorry for as Shareholders can sell and get out..

As i said once 200 breaks then 150 or lower is waiting !!

GLAD I AM OUT JUST WATCHING!!

[wallywoo] 31/1/2023 11:59

Anyone remember what happened with Autonomy UK (Cambridge)?


Same city, many of the same people, makes sense they will try the same tricks.


Shareholders did OK there since HP took them out. But the $ Billions HP lost in short space was eye watering.

Falling knife!!! Few will be willing to fall for the same trick twice.

[bc4] 31/1/2023 11:54

This is what halfwit said earlier

halfpenny31 Jan '23 - 09:27 - 3264 of 3276

I did say 200 then 150 see chart limited support if any

Very RISKY AT THESE LEVELS !!?

THEN
halfpenny31 Jan '23 - 10:47 - 3270 of 3276

Yes I did say 200 to be tested and 150 if it breaks down.
Now that 200 is not breaking down we will have a rally towards 230.
Director buys are a good indicator of inside knowledge which appears positive.

So now a Takeover is more likely the MS target 400 and even more is very likely for a buyer.

My Target 230 plus then 300.
Buyout Target 400-600 plus.

Happy Bright Days Ahead ….

Talk about changing your mind LOL

[halfpenny] 31/1/2023 11:50

MUST READ AND DARKTRACE MUST RESPOND!

I have now read the QCM report that was only released TODAY.
Report by Quintessential Capital Management
Tuesday, January 31, 2023.

Extract..scathing report.

“we are deeply skeptical about the validity of
Darktrace's financial statements and fear that sales, margins, and growth rates may be overstated and
close to a sharp correction.
Our opinion is based primarily on numerous transactions we detected during the period leading to DT's IPO
seemingly involving simulated or anticipated sales to phantom end-users through a network of willing
resellers. Darktrace 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
seem to have even involved shell companies in offshore jurisdictions manned by individuals with ties to
organized crime, money-laundering, and fraud.”

[jubberjim] 31/1/2023 11:41

I have in the past been accused of being changeable but compared to some of the posting on this board am quite obdurate

Not invested in this share but believe it has possibilities

So will be watching with my bear claws primed to pounce when the waffle goes into the ether .
Watching waiting and if I miss out through such indecision no gain but guaranteed no loss

Cash for me at least until after this week's rate decisions by fed and boe are made known

Will be a pure punt if and when

Good luck

[nud19] 31/1/2023 11:35

If this is true then it's clearly criminal activities which need to be investigated as financial organised crimes by the company.

[halfpenny] 31/1/2023 11:18

Wow!! QCM with such a scathing report out today will have a MASSIVE IMPACT ON DARK SHARES.
NO FUND MANAGER can advise or even buy DARK after reading the QCM report. They can be sued for negligence.
I see DARK falling well below 200 and heading towards 100p or less even if part of the QCM report are true!

I’m Out as now Dark are very very RISKY.

[technovator] 31/1/2023 11:05

it's a bit worrying... will be interesting to see how Dark respond to it!

[the chairman elect] 31/1/2023 11:01

But their report is also full of absolute sh*te and falsehoods as would the case for all de-ramping shorting TROLLs

[technovator] 31/1/2023 10:49

31/01/2023
QCM is SHORT shares of Darktrace (LSE:DARK) We are releasing the result of our in-depth investigation. Read our report in the link above.

[halfpenny] 31/1/2023 10:47

Yes I did say 200 to be tested and 150 if it breaks down.
Now that 200 is not breaking down we will have a rally towards 230.
Director buys are a good indicator of inside knowledge which appears positive.

So now a Takeover is more likely the MS target 400 and even more is very likely for a buyer.

My Target 230 plus then 300.
Buyout Target 400-600 plus.

Happy Bright Days Ahead ….

[stoopid] 31/1/2023 10:46

What does it say?

[technovator] 31/1/2023 10:45

very negative note out by QCM out today apparently

[halfpenny] 31/1/2023 10:18

Having tested 200 area we can see a bounce above 230. Towards level of Director buys.

Now a Huge Takeover Target at these levels.

Adding some at these levels as Morgan Stanly stated value over 400p. Worth tucking away for a Takeover.

[g2theary] 31/1/2023 09:45

Just added another £10k here a skim of my VAST day trade :D

[bc4] 31/1/2023 09:31

I will tell you WHAT DID SAY before you removed the post only yesterday,you said these were a buy !!