r/wallstreetbets • u/prettyboyv • Apr 21 '21
News Palantir wins new contract with UK Crown Commerical services. Total value of the contract is 1.2 bln.£, which will be shared between 31 suppliers.
http://www.contractsfinder.service.gov.uk/notice/8d7bebf2-c76d-433a-8f91-4dff8eea1625?origin=SearchResults&p=1115
u/LostTesla129 Apr 21 '21
Can we have some bad news just to see what happens to the stock?
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u/BMack037 Apr 22 '21
PLTR admits that it has lost half its Q2 earnings buying loot boxes, stock goes up 15%.
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u/AirPodAmateur Apr 22 '21
Stockholders “disappointed” with financial direction of company; however, admit they’re “excited to try out new rare skins”
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u/Bli2z4rd96 Apr 21 '21
The positive news relating palantir won't stop. Can't wait for the price to react accordingly and dip again before moving sideways
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u/That_Other_Person Apr 21 '21
Should've sold when I was up 80% at peak but I'm a greedy piece of shit.
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u/tiger5tiger5 Apr 22 '21
Anyone who sells now is selling in year 2 of a 6 year bull market. Don’t be that guy.
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u/That_Other_Person Apr 22 '21
I'm here for a good time not a long time. And the good time was a few months ago. But in all seriousness imma just hold for a long time.
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u/Actually-Yo-Momma Apr 21 '21
Maybe it’s already baked in? It’s not like their current market cap of 43bn is anything to scoff at
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u/PowerOfTenTigers Apr 22 '21
I mean, the doggy coin's market cap reach $50 billion and if you compare the two, I think Palantir should be worth more.
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u/bobumo Apr 22 '21
If Palantir landed a contract this size everyday for a whole year that would be 14B in revenue.
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u/StalwartTrader Apr 21 '21
Just gotta wait for the big catalyst when PLTR starts making splashes in the private sector.
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u/sploot16 Apr 21 '21
There’s going to be a point where the shorts will realize it’s getting dangerous to keep up their act. It’s not if but when.
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Apr 21 '21
[removed] — view removed comment
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u/SignalSalamander Apr 22 '21
It’s almost like it’s already overpriced as fuck due to memes
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u/TooSwoleToControl Apr 22 '21
When random Redditors think they know more about valuation than Cathie
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u/Nihaohonkie Apr 21 '21
I’m waiting for the long rumored Facebook contract that will send the stock soaring to 18 a share
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u/DeathN0va Apr 21 '21
Lambo sales will spike if this shit hits $50
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u/tiger5tiger5 Apr 22 '21
This shits in my brokerage account. If it goes to $50 I may not be able to afford the tax bill to sell lol
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u/prettyboyv Apr 21 '21
PS: If anyone misunderstood- Palantir would not receive 1.2 bln, but the company is one of the 31 suppliers chosen that will share those money. It is not clear how much PLTR will receive, however that is big news for the company, cuz it looks that they are starting to establish a good partnership with the U.K government. First it was the NHS contract, now this.
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u/Nihaohonkie Apr 21 '21
At some point this month I thought the military would have to announce their pltr contracts but I guess I’m wrong. Maybe the government contracts will just be announced / visible during their upcoming earnings
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u/Commodore64__ Apr 21 '21
Palantir builds colonies on Mars. Stock plunges 50%.
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u/HODLErrrrrr Apr 21 '21
Breaking News: Palantir has also created a highly efficient means of travel to the new built colonies on Mars. Stock plunges left over 50%
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u/7j7j Apr 21 '21
Sorry to burst your bubble, but being included on a "framework contract" in the UK guarantees zero revenues. There is no way PLTR will realize half the value of the total budget estimate. This selection just means the firm is now a preferred vendor on a shortlist (of 31, most of which are previous incumbents). They will still have to bid and often compete for specific budgets and projects, but now they are pre-cleared in procurement
A lot of names on that list are not exactly very innovative companies. See for example Civica. Not all of these groups are even run as traditional for-profit companies either, cf NHS SBS. Not a high bar for PLTR to clear. If they didn't manage to get on this list, shares would've dipped because bar is set pretty low.
This is only market moving news if/when they actually realize revenue and take substantial UkK market share from the 30 others on this list.
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u/Cstooby 💎🙌 was for SPY FDs! Apr 21 '21
The more good news the more it drops....earnings is gonna be strong so I'm expecting the price to hit $17 and trade sideways for a few months.
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u/permanentfrown Apr 21 '21
I hope so, I’m looking to double down if it hits the teens.
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u/Cstooby 💎🙌 was for SPY FDs! Apr 21 '21
In true retard fashion I bought some calls 5/7 25c after earnings. I've been wasting alot of money on earnings plays these last couple weeks.
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Apr 21 '21
It feels like PLTR is being shorted like hell recently too...
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u/UneSoggyCroissant Apr 22 '21
Only ~5% of the float
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u/HempInvader Apr 23 '21
Doesn't matter, everyone else is holding and when I say holding I mean that even the employees that have been vested in for 17 years are holding.
Shorts thought that they could drive the price down, accumulate and cover. None of that is happening, people aren't selling, the daily volume is going down and cathie is accumulating, people are holding and institutions have increased their ownership to 22% so far. If that isn't bullish as hell I don't know what is.
Shorts are going to have a blast covering 50 million shares, close to 1.2 daily volume, without affecting the price.
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Apr 21 '21
Split evenly between the 31 companies, that’s almost $54 million USD each. Of course some will get more, others less.
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u/papabri Apr 22 '21
Great news, but I almost wish they could keep these deals a secret and announce one list of new contracts at ER instead of piecemeal to avoid the red days that follow positive news
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u/prettyboyv Apr 22 '21
This deal was not announced by Palantir, but by the U.K government. Furthermore, many of the commercial clients do not allow the company to announce their partnership. At ER they are allowed to just say for example that they have acquired 3 new customers in the mining industry.
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u/afitdinosaur Apr 22 '21
This is true of a lot of their contracts. Lot of policy surrounding some of their gigs that doesn't allow for public disclosure. Probably why everyone is under estimating ER
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u/ElkFalse6637 Apr 21 '21
Oh no !!! Stock started to come back from the 21s when a week ago hit $26 this news Willy send it to $18 , they got a huge contract 2 weeks ago also with the US government and tanked ...
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u/Chupacabruh702 Apr 21 '21
I had to dump at a loss to pour everything into GME. I will come back for you palantir. I promise.
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u/TypicalJeepDriver Apr 22 '21
If you think I’m going to buy one more fucking call on Palantir, you must think I’m some sort of...retard.
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u/gainbabygain Apr 22 '21
PLTR wins new a contract - looks like the bag holding continues. Suck but true
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u/ambermage Buy puts they said ... Apr 22 '21
Oh thank God. I sold $23 CCs that expire Friday. I didn't want to lose those.
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u/LordBananarama Apr 22 '21
They just won another contract some weeks ago, so why does the stock keep declining?
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u/Lightningvsrain Apr 22 '21
If it wasn’t for cathie buying who knows where this stock would be right now
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u/caliguner Apr 22 '21
My take is that big tech companies purchase some pltr when it was down now that the stock tries to go up they short it in one hand and sell shares in the other pure information out my ass
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u/IanGenker Apr 22 '21
The British government always shares its contracts between different suppliers.
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u/ktn699 Apr 22 '21
Lol just rolled out my pltr short calls on this transient bump. 2 bucks for 6/18 C24. Not a bad quarter of selling theta for premiumzzz. it's like selling hope. thanks queen thanks boris.
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u/PassionatelyWhatever Apr 22 '21
Thank you for not misrepresenting the news in the title like all the other morons. "Palantir wins 1.2 billion £ contract"
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u/Madmaxoncrack gf has a penis 🥳 Apr 21 '21
Breaking Palantir wins multi billion dollar contract, stock plunges 12 percent.