Darktrace Share Discussion Threads

[srpactive] 14/3/2023 08:12

If we can tickle and cross 280p, we will be in play again
imho.

dyor

[clive7878] 13/3/2023 21:03

IC last week say there needs to be solid confirmation in the figures that these are actually cheap - which they could be with the growth potential maybe before the share price starts to move, as the share price of late has been a bit rocky. Although a strong re-rating could be on the cards at some stage.
I am in DARK for the potential growth prospects,
along with JUST who are said to be on a forward pe of just - excuse the pun - 3.5,
now that is what I do call cheap, cheap.

[srpactive] 13/3/2023 16:10

Many thanks market, love you.

[srpactive] 13/3/2023 08:50

Well the opportunity has been taken.

dyor

[technovator] 13/3/2023 07:54

halfpenny, well that is just Ramptastic, do you have a sell order on at the open?

[srpactive] 13/3/2023 07:45

Yes just read it announced on cnbc too.

dyor

[the chairman elect] 13/3/2023 07:20

According to CNBC....HSBC buys Silicon Valley Bank UK, protecting deposits

[halfpenny] 13/3/2023 06:37

Don't miss out as these are at a great price but not for long. Some target 600 plus...

CEO with positive news ... Dark latest view and move to 350p soon with 600p plus with Cyber Demand increasing.

Future bright and can move up rapidly so just got more at these levels.

[albert arthur] 12/3/2023 21:14

The funding is irrelevant and ending and not required or used, also everything is secured anyway cash balance is over £360m that facility was rolling £25m. And also for any companies struggling, UK is covered by this: https://www.gov.uk/government/news/chancellor-update-on-silicon-valley-bank-uk The MMS won't even mark this down IMO, absolutely no reason to. If they do, it'll go back up, shorts covering, fund and buybacks will take advantage of any dip. 289 coming...

[srpactive] 12/3/2023 19:49

I feel the market will give an opportunity in
the morning, I will be waiting if it does.

We shall see soon enough.

dyor

[albert arthur] 11/3/2023 19:08

The credit agreement although not required is also secured...

[albert arthur] 11/3/2023 18:41

A no longer required agreement ending soon.

[albert arthur] 11/3/2023 18:36

They have 10 fold the cash if that agreement.. which ends in June 2023, and the do not need to call on that. Hence the buybacks etc...

[albert arthur] 11/3/2023 18:35

Cash and cash equivalentsThe Group had cash and cash equivalents at 31 December 2022 of $374.9 million, a decrease of $15.7 million from 30 June 2022. This decline is primarily attributable to the Group repurchasing $33.9 million (£30 million) of its shares in 1H FY 2023. The Group entered a multi-currency $25.0 million Revolving Credit Facility (RCF) agreement with Silicon Valley Bank on 15 January 2021 with a maturity date of 15 January 2023. Borrowings under the Facility are secured pursuant to various security agreements, mortgages and other collateral granted to the Lender. Interest is charged subject to an all-in floor of 3.75% and the facility contains a letter of credit sublimit of $10.0 million equivalent. No drawdowns have been made on the facility as of 31 December 2022. As at 31 December 2022, letters of credit totalling $5.1 million (30 June 2022: $4.7 million) have been provided in relation to lease agreements, which reduce the balance available to draw. As at 31 December 2022, $19.9 million (30 June 2022: $20.3 million) is available to draw on the facility.RCF ExtensionOn 11 January 2023 the RCF agreement with Silicon Valley Bank has been extended to have an expiry on 30 June 2023. All other terms and conditions (see note 17) remain unchanged. The company is currently considering the proposals from a number of financial institutions to increase the amount of the facility before the end of the agreement with Silicon Valley Bank.

[halfpenny] 11/3/2023 18:12

BANKS LICKING THEIR LIPS. SVB will be supported By US government and sold off. Its only a certain sector like some parts of Tech with many major banks waiting to Takeover and reap the rewards from the many Tech companies who are doing well.

Future bright.

[albert arthur] 11/3/2023 17:37

Was running out in June 2023, any cash borrowed won't be an issue... so no impact.

[terminator101] 11/3/2023 15:32

Will the collapse of SVB affect Darktrace? How much of their cash did they have tied up in SVB?

[albert arthur] 10/3/2023 12:07

Technically it has a recent MACD crossover RSI is at 60.47, next move is the EMA100 at 288.98, gibs to drill through are 282.15 283.67 284.90 prior to the EMA100

[srpactive] 10/3/2023 12:03

Yes I have been buying (little ) parcels too.

The reversal on the chart will bring the chartists
along to take a look hopefully.

dyor

[albert arthur] 10/3/2023 11:57

Yeah, markets opened down because of concern over US banks... I managed to add 270... 289 coming.

[srpactive] 10/3/2023 11:55

bb

Because the US controlling London ensure all our decent
stocks are bought on the cheap by the US or rubbished.

The US hates the UK and the sooner the UK people and
government realise this the better.

dyor

[timmy11] 10/3/2023 11:48

half penny are you feeling ok?

[bbmsionlypostafter mk2] 10/3/2023 11:33

Of those that have found their way onto the London Stock Exchange in recent years, it’s hard to think of one that hasn’t been a flop in some form.

There’s Cambridge darling Darktrace, whose float in 2021 was seen as a major coup for a City seeking to lure more high-growth tech startups after Brexit but is now fighting accusations, which it has denied, from a short-seller of flawed accounting and activities that artificially inflate a company’s reported sales. There are concerns too about its business model and culture.

[bbmsionlypostafter mk2] 10/3/2023 11:26

Autonomy, WAND, next DARK?

Wouldn't bet against it.