Danakali Share Discussion Threads

[jayno] 17/5/2002 08:31

I agree with your sentiments guys (especially Oak and Lex) and am holding my stock for the bounce, which is sure to come sooner or (not so) later. Not buying more until I see how far this dip (however caused) goes, but buying at a pre-turnup price is my preferred next move.

Jayno

[lex1000] 17/5/2002 08:20

From reports in the US,Institutional buyers bought in last two hours,so they've done well out of short selling, getting in and making most of these bargain prices.Can't last for long imho.

[easykill] 17/5/2002 08:16

Those yanks make my blood boil. If they didnt sell off yesterday Danka was sure to rise today.

[lex1000] 17/5/2002 08:14

4mms all on 68p/71p. Note offer still holding @ 71p.

[lex1000] 17/5/2002 08:12

psychicdoc,me too put the last of my long term investment cash into Danka.In for an average of 74p. Will only consider selling when share has doubled i.e around 150p..

[psychicdoc] 17/5/2002 08:09

if it was not the writeoffs due to the oracle software and executive resructuring which is clearly non recurring then we should have seen a 10C eps for this quarter so yes we have a lot to look forward to, markets will soon see that and price will go up, wait and see, it is a question of time, i wish i had cash to top up

[lex1000] 17/5/2002 08:05

Taken from yahoo.com which highlights some of the positives.

Debt Reduced 57.7% in One Year
by: bullrallystocks (42/M/™ ®)
Long-Term Sentiment: Strong Buy 05/16/02 11:33 pm
Msg: 26391 of 26401

Gulp......Less than Half the Debt of this time Last Year. Can't wait to compare That to DANKA's Peers.
Also Total Debt is Less that One Quarter Revenue. Major Significant Improvement.

People Come to your Senses. This has Turned Around in a BIG Way. No More On Going Concern Statement!!!Remember how this stock got so Discounted next to its Peers. It was Market Concern about Company Survival. Now DANKA is in FAR Better Finantial shape than its Peers.
Ikon is trading with a P/E 32.20

Danka substantially reduced its debt in the fourth quarter of fiscal 2002 by $37.7 million or 11.0% to $304.5 million. For the full year, the company eliminated $414.7 million or 57.7% of its debt. Reasons for the full-year decrease include the June 2001 financial restructuring, the use of proceeds from the sale of DSI, and the continued generation of free cash flow

[lex1000] 17/5/2002 07:59

I've edited my post accordingly

[smoketrader] 17/5/2002 07:59

The bid is 75 and the offer is 71. What the hell?! LOL

[easykill] 17/5/2002 07:58

lex

that 25k was a premarket buy

the trade was done at 70p when bid was 68p and offer was 71p.

[ambabe] 17/5/2002 07:58

That was a 25K buy on my screen! '@' 70p

[lex1000] 17/5/2002 07:57

3mms logged on l.Remember why you bought into this one and don't be fooled into selling.If we hold our nerves here then might see share price open higher in the US.The fundamentals are still the same. imho,dyor.

[ambabe] 17/5/2002 07:55

Thanks Lex - Hope so!

[ambabe] 17/5/2002 07:45

Looks like we're in for some more turbulance!!

Has anybody worked out what the support levels should be - this is all a bit scary!

[lex1000] 17/5/2002 07:28

oaklandsway,

thank you for giving your overview.Your post 3084 is both honest and fair.With restructuring,clean accounts etc Danka does sell at a discount to its peers and is therefore due a re-rating.This continues to be an excellent recovery play and if as expected share price opens down provides an excellent buying opportunity courtesy of dirty tricksters/shorters in the US.No cause or reason for any panic just a short term opportunist shorting blip.For me a long term investment to reap the full rewards with target price of 150p. Holding with confidence and will ride out any short term volatility as long term price is going up.Only a matter of time before share price bounces back. I see Danka as an excellent buy at 75p or less imho.

[kp1] 17/5/2002 07:25

The US price yesterday was clearly manipulated by shorters yesterday. Hardly any large trades in the UK. If the price in the UK is marked down we could see an excellent arbritrage value to buy the shared before the US share price opens up in the afternoon.

Long term this price is going UP and it will be interesting in the next week as those that bought in the last few months decide whether to get out or stay in and watch the share price rise.

AS this latest news comes out over the next few weeks in the press we should see some positive press. Last time when results came out we saw a similar pattern. It takes a day to digest the news and institutions are not going to pile in on the day of the results. AWtch the price over the next month at least before you decide to sell.

[psychicdoc] 17/5/2002 07:14

sp
top up if you can because this is going up in the long term for sure, fundamentals are in place honestly if the american economy recovers can u imagine the upside, really cant see much downside from here

[paulm1] 17/5/2002 06:23

No change on the day 16th here in UK but big drop in US so I expect we will open lower by about 3p.Lets hope everyone see's sense and gets in at the bargan price,wish I had the readies to buy more.Funny isnt it MONI give new losses at billions and they only drop 1.6p.

[sigora] 17/5/2002 00:54

master oaks where are you ? come on in a few words of wisdom to calm the nerves please pretty please.

[lex1000] 17/5/2002 00:43

For those that want to know L2

WINS 75.5p 78p BGMM
BGMM 75p 78p MLSB
MLSB 75p 78p NITE
NITE 75p 78.5p WINS
SSSB 72p 82p SSSB

[newstarter] 17/5/2002 00:43

Scores on the doors :-

NewStarter 95p
Jimmy28 88p
Psychicdoc 92p
Smoke T 80p
Piston B 83p
357 98p
Sigora 85p

Av 88.71p

Not long - beers for all above if I am closest !!! ( plus Oaks naturally )

[kitkat] 17/5/2002 00:42

even the weather is on our side :-)

[lex1000] 17/5/2002 00:37

Fun and games now begin.A bit of air turbulence with mm WINS dropping bid to 75.5p.

[sigora] 17/5/2002 00:37

back from work for an hour, just read your posts s.p, piston, & phycidoc really good informative with the likes of you 3 and oaks with brs & sophie girl us mere mortals cant be in better hands GO DANKY GO !!!!!!!!