Danakali Share Discussion Threads

[jayno] 17/5/2002 13:01

Well, I think its favourite that the price will go down this afternoon because of shorting, panic sells, manipulation, US psychology and the laws of push and pull. BUT ..........

There's buyers backstage I reckon
The fundamentals are well on their way to being sorted, the credit's good, and the business prospects too

Also, we've been here before haven't we? Danka does well then drops back quite a lot and frightens us all .. then what happens in a short period of time?

It comes back stronger!

Jayno
Feeling nervous, but not panicked ~ playing long

[oaklandsway] 17/5/2002 12:42

ff,
I can understand that you argue about no revenue growth for Q4.
I was also dissapointed because I expected it will be better or the same than Q3, but I can understand the situation because we saw that IKN had the similar lower revenue recently.

So, I think we have to blame the lack of IT (including for office equiptment) spending around the globe. The result does not reflect that Danka had lost its power of competitiveness. I can still believe that the revenue will grow because Danka is adopting new strategy & technology for its operation & marketing.

The result is not bad although not as strong as we expected. The underlying of the company sounds better & better toward right direction to profitable & further debt reduction. Remember that the cash flow is solid and as I said in my post earlier that the shareholders' equity fund is increasing. At current price Danka is still undervalue because the restructured company has much better value than many competitors. Certainly, the city will value Danka as a company with profit and growing EBITDA. It is only the matter of time to see Danky to get "buy rating" like IKN.

DYOR, IMO, etc.

[lex1000] 17/5/2002 12:21

Cinoib,

just re-reading thread,post 3049 an excellent call on your part.As you say a good topping up opportunity tomorrow.

'01 EPS =+$1.95 vs. '00 of MINUS
by: momoplayhere
Long-Term Sentiment: Strong Buy 05/16/02 07:19 pm
Msg: 26343 of 26343

and with todays closing share price of $4 means Danky has a price to earnings ratio of 2. Stock is being severly manipulated as current severly undervalued share price reflects, in regards to p/e ratio. This should be in the $15 range currently and would still be undervalued! Why dont the people publishing the headline articles use this one(year over year)as just reported, instead of the one stating latest quarter earned 17 cents. MANIPULATION MANIPULATION BS, this should be reported by ALL longs to appropriate authorities and MM's best bring this stock up to the levels they well know it belongs!! just my humble opinion

[lex1000] 17/5/2002 11:43

Until US opens not a lot more to say.Talking in "general" about the markets i have noticed that other shareswhich have risen strongly also subject to sell off/retracement.Whether there is any connection or possibly a chartist/technical thing for all I know.EDG is one of todays examples eventually sold down from 130p to 113p which I would deem bottom bouncing back to current 123p/125p and should move upwards from here.Whatever tricks the markets may play you cannot keep a good share down.I believe that we all have a good share in Danka and whatever transpires today will in my view (for what it is worth) bounce back into the 80's.Nothing has changed my mind and I'm still very confident imho,dyor.

edit:EDG now bouncing 123p/127p and arguably worth 175p imho.This is another example which shows that those investors who bail out at bottom may have to buy back higher.It remains to be whether those investors selling at 68p can buy back cheaper.Personally i think not..

[kitkat] 17/5/2002 11:30

gone very quite - don't loose heart guys - it'll be ok

[lex1000] 17/5/2002 10:11

This is the first time I've bought into a share so closely linked to the US so i've no idea what will happen over the pond this afternoon.From what i've seen and read on yahoo.com,another first for i have never visited the site before ,is that Danka was subjected to a blantant de-ramping and shorting exercise yesterday.Including very crude,sell sell sell panic smell the fear type tactics.I'm no expert but can see no reason for Danka to be trading at anything less than 75p and every reason for a more sensible re-rating to a share price more in line with its peers.Hopefully logic and common sense will be restored.Holding therefore imho,dyor.

edit:L2 looks poised in the recovery position if US and buyers willing. 2mms on bid/offer of 72p/73p

[cinoib] 17/5/2002 10:08

Psychic,
Well I did say in an earlier post that I was looking for 70p, but it didn't oblige at that time. I bought back in then at a silly 85, paniced again as usual. Held my ethusiasum a little longer this time and waited for the big sell of. Hoping we'll close around the 76p level today, then I'll feel a little happier, any more I'll be extatic.

[blockbuy] 17/5/2002 10:06

morning all. looking good on recovery side.

[easykill] 17/5/2002 10:01

lex

I know what you mean about JRVS.
people shorting stocks like JRVS, taking advantage of the tragedy is in my opinion sick and immoral. Its a different matter selling the stock you own but to simply play on the tragedy and shorting the stock to materially gain benefit out of it is stooping very very low - tragic and immoral by my standards. I would never dream of doing such a thing.

[lex1000] 17/5/2002 09:42

Cinoib,all about keeping one's nerve and knowing why you liked the company in the first place.JRVS is another recent example of short selling over a few days down intraday to a little under 300p due to Potters Bar crash.Very oversold under 400p. Now look at it trading between 366p to 400p. That's not say that shorters might have another crack (at JRVS) in event of further bad news but should in time recover to above 500p plus.Many shares are subjected to periods of volatility not because there's anything fundamental wrong or logical reasons but just because that's the markets.Nothing goes up in a straight line but the trend for Danka is up. When hedge funds and shorters appear in numbers there is nothing that the average private investor can do about it.You either sell to buy back later,accepting that you may not be able to buy back cheaper, or sit and ride it out.All about keeping faith in companies where investors have 'dyor' and take advantage of buying opportunities as and when they present themselves as you and US Institutions have done.There is a well founded belief that Danka will trade through 100p.None of us really know exactly when but it should come in due time.Hold for the long term.imho,dyor

[psychicdoc] 17/5/2002 09:39

cin:
lucky u i topped up with 20k the other day at 81p,anyway have no doubt about long term.
just going through all the releases again, comp said the other day in its rns that they have allraeady invested todate 20m in its oracle sostware and only 5mill left to be to be spent for its completion in fiscal yr03, and in this quarter alone they have written off 5.3mill for the same so in the next 4 quarters we are looking at 1.25mill only,and with any increase at all in rev we are looking atleast 8-12pof eps,8pif nilgrowth and including 1.25millwriteoff,we are certainly looking good,the more i look into the finer details the more it seems there is improvement and a considerable turnaroud around the corner -and really if there is some improvement in the american economy as predicted by some analysts in the 2nd half of this yr who knows we may be in the $10range come summer, no qualms about holding onto this one,looks good

[webley] 17/5/2002 09:34

Thanks lex1000 - I agree with you.

[lex1000] 17/5/2002 09:27

Webley, I see where your coming from.All looks like mm games knowing that they had a 100K 'T' buy to fill.Great team spirit on this thread; I even welcome contrarian views.A superior thread by far compared to that on yahoo imho.

[cinoib] 17/5/2002 09:23

Lex100,
Scratted around for some more dosh, managed 3k at 70.5.

[easykill] 17/5/2002 09:11

recovering now. phew.

those lemmings that sold out at 68p... serves them right.

[webley] 17/5/2002 09:07

Afraid not Lex - the first transaction has been deleted. I also see the 25000 buy at 07.52 as a sell. Just prior to this being reported the bid was 70. The bid dropped to 68 and then the trade appeared almost immediately. This is quite normal - mm accepts a trade and changes his price immediately - by the time the trade is reported onto ADVFN the bid has changed and the ADVFN algorithm allocates to buy incorrectly. If you think this is farfetched then look at the trade screen of some heavily traded volatile stocks.

Still long by the way and hoping that the US comes to its senses.

[taurusthebear] 17/5/2002 09:06

UK playing lemming. Nothing new there then!

[lex1000] 17/5/2002 09:01

UK hopefully will lead the US into more positive territory for share price price looks terribly oversold imho.

edit: and a 100K T trade @ 71p agrees with me.Price now 70p/73p.

[lex1000] 17/5/2002 08:59

Talking of buyers returning 25K bought pushing offer of 70.5p up purchase price @71p.

Encouraging 2mms turned from red to blue.

[jayno] 17/5/2002 08:57

Which is why I'm not buying more at least until 2.31 pm

;-)

[lex1000] 17/5/2002 08:56

EasyKill, it is odd but oh so predictable.This is how mms both make a market and of course money at the end of the day,given that markets are driven by both greed and fear.In some ways mms hedging their bets for they never lose.Nice to see buyers returning.My reading of 07.58 a.m recorded sell trades ie 15K x 2 is rollover and therefore buys.Anyone agree.

[easykill] 17/5/2002 08:41

whats so odd is that the UK share price is just mimicking Nasdaq price. The current share price has nothing to do with the results. As shown yesterday the UK market was ok with them. And we ended a fraction up. Todays mark down is nothing more than than a mark down. In other words the drop doesnt truely reflect market forces (eg the drop hasnt occurred because of sellers as it was marked down first thing without even 1 seller appearing).