|Danka Business Systems
||EPS - Basic
||Market Cap (m)
Real-Time news about Danka Business (London Stock Exchange): 0 recent articles
|avickers: Quantity of Chancers (Smilers) posts is inversly proportional to the share price permormance. I can post that as he/she isnt smart enough to understand what im going on about ;-)|
|saturn5: There is such a thing as share price manipulation|
|panagos: chancer im not knocking danka, as I was a follower / holder for a long period, you can check my posts 5-6 years back. But sales alone sometimes cannot support the share price, many examples of companies like this. They have to sort their finances out, then the price will really race. Have you thought, why haven't Xerox or Kenkos or some other beast have not bought them already?|
|chancer6: Only one who called it right at 3p to buy in December and the price went to 5.50p on the announcement of the results. Again in hindsight could have sold at 5.25p and bought back in at 4p but I've revised my target to 10p from 7-8p. Results were better than I expected and the research done showed clearly the positive outlook. Filtered Derampers out in force today with one liners on the debt which is the same when the price was at 25p. Scared a few to sell and then again they did at 2p as well. As iterated numerous times the size of sells have always been smaller and buyers like the 222,222 buy at 4.50p on Friday are holding strong.
Q4 Results will be even better as the Konica Agreement starts to take effect on Danka's earnings. I expect some director buying now to prop up the share price and more agreements can't be rule out! Level 2 closed with the bid price well supported and just one MM on 4.20p, then one on 4.30p and then one on 4.40p and WINS on 5.00p. The uptrend should start to take form sooner rather than later and already seen how quickly the price can rise. Few quick buck sellers on the OTC Exchange and again the size of sells there are minscule!
"Third quarter results again reflect some of the structural changes occurring in
the marketplace. For example, we continue to see conversions from analog to
digital that, at least initially, serve to reign in service revenue. However, we
posted solid gains in hardware sales, and are beginning to realize the full
benefits of our financial restructuring and related cost-reduction measures,
said A.D. Frazier, Danka's Chairman and Chief Executive Officer.
"We have also achieved significant organizational enhancements as a result of
realigning our business into one unified organization in late 2007. Our focus on
training and customer satisfaction strategies continues unabated. Vendors, in
particular, have been strong supporters of this effort. Additionally, our
recently announced strategic relationship with Konica Minolta is progressing
favorably," concluded Frazier.
Dell314 running around claiming the AFX summary is false is extreme deramping!|
|geng: vfleetsons - perhaps you should have waited till tomorrow ?
Already bid is back up at 4p
Long term debt isn't due untill 2010. The debt was the same as the current level when the share price was 25p so the debt is a bit of a Red herring in the short term anyway.
There may well be a D4E or issue of some sort but I think that is factored into the current price.
I'm afraid to say it but I do agree with Chancer the fall from around 10p was well overdone and could easily go back there and higher with any sort of increase in revenue or positive earnings.
Besides AD Frazier was put in by Cypress (the prefered share holders). If they wanted to run Danka a D4E would have gone through ages ago. My view is they want it to work so they can sell it or get the conversion at - I think $12 (probably un realistic - that would be £1.53 per share !!) Either way I think they are going to have to take a hair cut on their debt an dthis is where I think the gamble becomes more viable.
Wait and see !|
|zedder: 1 DANKY ADR = 4 DNK shares
Mid at US close last night = $0.1575
Exchange rate = 2.0496
Historically UK price has generally matched US equivalent, although the UK will probably take the lead once DANKY de-lists from NASDAQ
Based on the above, the UK price should = 1.92p
Assuming there are more ADRs that will be sold (highly likely), this will drive the US price down further. It might be worth watching to buy if it has one final dip before the de-listing, and it may then recover once the UK market takes the lead on the share price. However, DNK is very high risk at present.|
|chancer6: 'But i think the point of chancer is he thinks the stock share price can have a short-term bullish trend'
Exactly because the price has only fallen from the 10 pence levels because of the ADR's de-listing. Its been sellers galore on the ADR's for the past two weeks and hence the LSE listing price has fallen as the price is correlated to that of the ADR's. And it hasn't been selling galore on the ADR's because the company has come out with bad news but they are forced sellers with the de-listing imminent.
Another bottom sign today: 305K in buys vs 386k in sells on NASDAQ. Over the last week there has been about 700K in sells so sells are naturally drying up which allows the ADRs to stabalise at their current levels and which will also mean that Danka's share price will stabalise and bottom out at these levels. I don't why there were buyers out today on NASDAQ...maybe in anticipation of some dead cat bounce on their listing.|
|chancer6: A.D. Frazier, president of Invesco's institutional business from 1996 to 2001.
Investco share price 1996 = $7.00
Investco share price 2001 = $50.00
|zedder: I used to be a DNK fan, but sold out at 22.6p in Nov 2005. At that time I could see the company going nowhere with respect to sorting out it's debt.
1 DANKY ADR in the USA equals 4 DANKY shares. So at 16.5c mid-price at the close today, 16.5c/4/2.03 with 2.03 being the $ exchange rate, then 1 DNK share is equal to 2.03p. It generally used to be that the US price led the UK price; indeed you could make good money when the price was moving rapidly in the US and the UK Market did not keep up. At the moment though the UK price is over-priced. It may be that once trading stops in ADRs then the price will be aligned to the UK price. At the moment though, you are over-paying buying UK shares above 2.25p!|
of course it will effect it. The UK price is directly linked to the US price. As the delisting draws closer, people will dump the US ADS stock which will then directly affect the price of the UK stock.
You've even implied it yourself, by the comment that the share price has dropped drastically on just 50k sells.... well now you know why... the UK price is determined by the US price...and thats what has happened.|
Danka Business Systems share price data is direct from the London Stock Exchange