Danakali Investors - DNK

Danakali Investors - DNK

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Danakali Limited DNK London Ordinary Share AU000000DNK9 ORDS NPV
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 30.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
30.50 30.50 30.50 30.50 30.50
more quote information »
Industry Sector
MINING

Top Investor Posts

DateSubject
20/12/2019
10:51
shieldbug: Short Proactive Investors video of Niels Wage on AFC. hTTps://www.youtube.com/watch?v=HJGcYGDr7LU
23/8/2019
11:03
shieldbug: Presentation on Proactive Investors - [...]
14/9/2018
09:52
aim_trader: Danakali will be presenting to investors at the Proactive One2One Forum taking place on Thursday 20th September in London from 6pm. For details and registration, click here: https://tinyurl.com/ycjvfhnm
24/7/2018
06:22
mirabeau: Danakali Limited (ASX: DNK / LSE: DNK) (Danakali) is pleased to announce, following the publication of its Prospectus on 18 July 2018, that the Company's 264,167,463 Ordinary Shares have been admitted to the Standard Segment of the Official List of the Financial Conduct Authority (Admission) and to trading on the London Stock Exchange's Main Market at 8.00am BST today under the ticker "DNK". Danakali Executive Chairman, Mr. Seamus Cornelius, said: "We are delighted to deliver on another of our strategic goals for 2018. The LSE listing should increase our profile, liquidity and breadth of potential investors. It is a key milestone as we move towards construction and production at the Colluli Potash Project." An analyst presentation will be held at 12.00pm BST today at the offices of Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ. To attend please email danakali@instinctif.com or call +44 (0)207 457 2020. A copy of the presentation is available on the Company's website at HTTP://www.danakali.com.au/investor-relations/corporate-presentations.
02/7/2008
04:38
johnymac: The liquidation did not work. Frazier was not able to con the small investors out of their hard earned dough yet. Wonder what his next plot will be. Hopefully DCML LLC will remove him and his band of self interested directors at the AGM in August and we can then get an equal share of the proceeds of the Danka sale.
18/2/2008
16:08
roorontev: RNS Number:2431O Danka Business Systems PLC 18 February 2008 For Immediate Release 18 February 2008 Danka Business Systems PLC ("Danka" or "the Company") Danka Enters into Long Term Incentive Plan, Amends Change of Control Service Agreement with CEO and Chairman A.D. Frazier On February 15, 2008, Danka Business Systems PLC (the "Company") entered in to a Long Term Incentive Plan (the "Plan") with A.D. Frazier (the "Executive") , its Chief Executive Officer, effective January 1, 2008. The Plan will be an unsecured, unfunded general obligation of the Company. The Plan is intended to provide a cash-based incentive opportunity (the "Incentive Award") to the Executive upon attainment of the Annual Operating Income Targets (as specified in the Company's five-year plan) for five consecutive calendar year periods (the "Plan Term"), beginning on January 1, 2008 (the "Plan Effective Date"). The Plan provides for a maximum annual credit in the amount of $825,000 per annual award period, subject to the attainment of the Annual Operating Income Targets for that award period, with a maximum aggregate five-year payout at the end of the Plan Term of $4,125,000. The Annual Operating Income Targets may be achieved on a cumulative basis. At the end of the Plan Term or, if earlier, the time that the Executive's employment is terminated for certain reasons (described below) prior to the end of the Plan Term, the Executive will be entitled to receive the Incentive Award based on the following terms: * At the end of the Plan Term, provided that the Executive remains employed until such time: 100% of amounts credited to the Executive during the Plan Term. * Upon termination prior to the end of the Plan Term for "Good Reason" or for other than "Cause" (as those terms are defined in the Agreement), the Executive will be entitled to the following: The sum of (1) and (2), but in no event less than $412,500: (1) For completed award periods: The amounts credited to the Executive for the completed award periods as of his date of termination, multiplied by the product of 20% and the number of completed award periods; and (2) For the ongoing award period: 20% of $825,000, then prorated for the incomplete year by multiplying this amount by a fraction, the numerator of which is the number of completed months from the beginning of the award period until the Executive's termination of employment and the denominator of which is 12. * Upon termination for any reason other than Cause after the third anniversary of the Effective Date but prior to the end of the Plan Term, the Executive will be entitled to the following: (1) 60% of the amounts credited to the Executive at the time of termination if termination occurs on or after the third anniversary and prior to the fourth anniversary of the Effective Date and (2) 80% of the amounts credited to the Executive at the time of termination if termination occurs on or after the fourth anniversary of the Effective Date, unless, in either case, he would be entitled to a greater amount pursuant to the above formula. * Termination For Cause: No payment will be made. Also on February 15, 2008, the Company amended the Change of Control Agreement (as amended, the "Agreement") with the Executive, effective February 15, 2008 (the "effective date"). The Agreement was amended in order to, among other things, (i) revise the definition of a "Change of Control," (ii) provide for a retention bonus of one times the Executive's Base Salary (as defined in the Agreement) to be paid if the Executive remains continuously employed with the Company until the first anniversary of the Agreement Effective Date, (iii) increase the severance payment to Executive upon termination of his employment for certain reasons after or otherwise in connection with a change of control and (iv) conform the Agreement to comply with Section 409A of the Internal Revenue Code of 1986, as amended. The Executive's severance benefit entitlements under the Agreement include: * Base Salary through the date of termination; * an amount equal to two and one-half times the sum of Mr. Frazier's Base Salary and annual bonus; * settlement of all deferred compensation arrangements in accordance with any then applicable deferred compensation plans or election forms; * continued coverage under the Company's welfare plans for up to twelve months; and * the immediate vesting and exercisability of the Executive's stock options for a period of 36 months from the date of termination. - ends - For further information please contact: Danka Business Systems PLC Cheley Howes, Danka Investor Relations +1 727 622 2760 Tony Hunter, Nautilus Management 0207 603 1515 Weber Shandwick Financial Georgia Dempsey 0207 067 0749 About Danka Business Systems PLC Danka is one of the nation's largest independent providers of office systems solutions. For 30 years Danka has provided its customers with the equipment, supplies, software and integrated services and support they need to address their print, copy and document workflow requirements. Danka delivers these comprehensive document solutions through a consultative model designed to improve business processes, reduce costs and increase productivity that drives customer value and satisfaction. Danka services customers directly in 50 U.S. markets. For more information, visit www.danka.com. Certain statements contained in this press release, including statements related to Danka's future business and financial performance, are forward-looking. Such statements reflect the current views of Danka with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date they are made. Danka is a registered trademark. All other trademarks are the property of their respective owners.
05/2/2008
13:31
chancer6: 3rd Quarter Results RNS Number:3332N Danka Business Systems PLC 05 February 2008 5th February 2008 DANKA BUSINESS SYSTEMS PLC ("Danka", the "Company" or the "Group") Announcement of results for the three month and nine month periods ended 31st December, 2007 Danka Business Systems PLC, a leading independent provider of office imaging systems and services, today announced its results for the three months and nine months periods ended 31st December, 2007. Following the disposal of the Group's non U.S. trading operations over the last two financial years, the Group's results are now presented in U.S. dollars, as described in note 2. The Group today reported operating earnings from continuing operations of $0.4 million in the fiscal year 2008 third quarter ended December 31, 2007, compared with a loss of $0.3 million in the comparable fiscal year 2007 quarter. For the nine months ended December 31, 2007, the Group reported operating earnings from continuing operations of $3.1 million, compared with a loss of $4.2 million in the prior year period. For the third quarter: * Total revenue was $108.2 million, 2.4% higher than the prior year quarter and up 2.7% sequentially. Retail equipment, supplies and related sales was $51.3 million for the quarter, up 13.3% from the prior year, and up 8.0% sequentially. Service revenue was $54.1 million, down 5.9% from the prior year, and down 1.0% sequentially. * Consolidated gross margin for the quarter was 32.8%, down 110 basis points from the prior year, and down 210 basis points from the prior quarter. * Operating expenses (distribution costs plus administrative expenses) from continuing operations were $33.3 million, down 7.8% from the prior year and down 10.6% sequentially. Charges in respect of restructuring were $1.8 million. * For the quarter, the Company generated operating earnings from continuing operations of $0.4 million. * Net interest expense was $10.7 million, a tax benefit was recorded of $7.9 million and earnings from discontinued operations were $0.7 million. This resulted in a net loss of $3.0 million for the quarter as compared to net loss of $17.5 million in the prior year quarter, and a $12.0 million loss in the preceding quarter. "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. For the first nine months: * Total revenue was $319.7 million, down 5.1% from the prior year. Retail equipment, supplies and related sales was $145.0 million, down 1.6% from the prior year while service revenue was $165.9 million, down 7.0% from the prior year. * Consolidated gross margin was 34.6%, down 60 basis points from the prior year. * Operating expenses from continuing operations were $107.1 million, down $7.2 million or 6.3% from the prior year. * For the first nine months, the Company generated operating earnings from continuing operations of $3.1 million. * Net interest expense was $46.5 million, including costs related to the early extinguishment of debt of $9.7 million, a tax benefit was recorded of $3.0 million, and loss from discontinued operations was $2.1 million. These resulted in a net loss of $42.5 million as compared to a net loss of $34.5 million in the prior year. Conference Call and Webcast A conference call and Webcast to discuss Danka's results has been scheduled for today, 5th February, at 3:00 p.m. UK time. To access the Webcast, please go to www.danka.com. To participate in the conference call, callers in the United States and Canada (and some United Kingdom callers) can dial (+1)-800-309-1555. Other international callers should dial (+1)-706-643-7754. Reference conference ID #32895389 when prompted. A recording of the call will be available approximately two hours after it is completed until 12:00am on 10th February, 2008. To access this recording, please call either (+1)-800-642-1687 or (+1) -706-645-9291 (conference ID #32895389) or visit Danka's website. - ends - For further information please contact: Danka Business Systems PLC Cheley Howes, Danka Investor Relations 001 727 622 2760 Weber Shandwick Financial James Chandler 020 7067 0700
19/1/2008
21:42
chancer6: First time I've seen the word 'takeover' associated with Danka in an article - when the refinancing on the debt happened in July 2007. Danka delay puts investors in action Investors usually clobber a company's stock when it postpones a scheduled quarterly earnings release. So why did they cheer Danka Business Systems' announcement Monday, sending the St. Petersburg company's share price up nearly 8 percent to $1 a share? The good news was that the struggling copier-machine distributor is refinancing its debt to make good on its bonds and, some infer, may be grooming itself to become takeover fodder. "The concept was that rather than have a call now and have to be a bit cagey on it, we'd hold off and have it when (the refinancing) is in place, " CFO Ed Quibell said in a voice-mail message. http://www.sptimes.com/2007/06/12/Business/Talk_of_the_bay__Emer.shtml
16/1/2008
17:36
chancer6: $120m debt actually Boxer Beat....please get your facts right first and as I've said if you don't like what you see then move on. Danka Business Refinancing Agreement RNS Number:6265Y Danka Business Systems PLC 19 June 2007 For Immediate Release 19 June 2007 Danka Business Systems PLC ("Danka" or "the Company") Danka Announces Refinancing Agreement Totaling $145 million with GE Corporate Lending Danka Business Systems PLC (LSE: DKN; NASDAQ: DANKY) today announced that it has entered into an agreement with GE Corporate Lending for a new senior secured credit facility totaling $145 million that would be used, together with the proceeds of the Company's previously completed sale of its European operations, to significantly reduce and refinance the Company's existing indebtedness. Upon completion of this financing, the Company expects to reduce its overall indebtedness to approximately $120 million, down from $254 million. It will also reduce annual interest expense to approximately $13 million from the current $29 million. "Today's agreement with GE Corporate Lending represents another significant milestone in the reshaping of Danka," said A.D. Frazier, Chairman and Chief Executive Officer. "This credit facility, along with the other important financial and operational steps we have taken in the past year, will provide Danka with the appropriate long-term flexibility from which to grow our business. It also reaffirms the Company's commitments to our valued vendors and existing customers, and significantly enhances the ability of our talented team of employees to compete for and win new customers, as well as deliver even greater value." The new credit facility includes a $40 million Senior Secured Revolving Credit Facility, a $60 million Senior Secured Term Loan and a $45 million Second Lien Loan. Completion of the financing is subject to a number of customary closing conditions. The Company expects the transaction to close by June 22, 2007. Representing Danka in the transaction was the investment banking firm Houlihan Lokey and the law firm Skadden, Arps, Slate, Meagher & Flom. - ends - For further information please contact: Danka Business Systems PLC Cheley Howes, Danka Investor Relations +1 727 622 2760 Louis Kritzinger, Danka London 0207 605 0150 Weber Shandwick Financial Georgia Dempsey 0207 067 0749 This information is provided by RNS The company news service from the London Stock Exchange END
14/12/2007
20:22
jun2008: The OTC Bulletin Board is neither a "listed" market nor a "stock exchange." Instead, it operates as a voluntary electronic quotation system that allows market makers to enter quotations in a security and offers investors real-time access to quotes, last-sale prices and volume information in over-the-counter equities. I just got this. Can investors really trade the stocks there? It seems that the board is only a quotation system.
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