Darktrace - DARK - Share Chat

Have always said this was a long term HODL and I stand by that

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Going private

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Far too cheap imho might flush out some counter bids

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Fingers crossed someone else comes in :crossed_fingers:

Is this likely to end the same way as back in August 2022 when there was a take over announced. Shares spiked to over £5, then dropped when the take over fell through. I held on, I know others sold, even buying a few more in December 22. I’m now sitting in the green, over 60%, and hovering over the sell button. But just like back then, I’m not sure if I should press it.

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This time it seems like a deal will be done but top slicing a few probably isn’t the worst thing to do but obviously that’s your decision not advice.

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Big jump today what’s happened

https://www.lse.co.uk/ShareTrades.html?shareprice=DARK&share=Darktrace

This has the end of day trades. Looks like an error

Google shares page has the jump as well

Anyone know where this stock has gone? I can no longer see it on the app?

It’s gone private, money will get paid into freetrade when it’s all gone through :+1:t2:

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Thanks for the info!

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I can still see my holding. Its just not tradable.

I believe funds should be released no later than the 15th October. So we should see the money in our freetrade accounts a few day later. Details can be found on the darktrace website. Disclaimer

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Bought at average £3.60 2 years ago. Had set to sell at £6.00 so delighted to be getting £6.20 in a week or so.

Nope. You will get $7.75. The pound has strengthened since the offer was accepted so if you have followed the offer proposal you will realise that you will get less than £6.00 … prob around £5.85. As Freetrade gets the sum in dollars you will additionally pay the currency exchange fee.

But the good news, based on the numbers you state, is that you will still make a profit.

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Still a good profit

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I don’t think freetrade charges an FX fee on usd dividends. I imagine this may be treated the same. I’m just guessing though.

I don’t think freetrade charges an FX fee on usd dividends

It would be a bonus if that is the case. You should clarify with Support whether there is a fee on FX dividends. In anycase, as some other brokers have done, Freetrade should have already informed shareholders what would be happening on windup and what the options were.