Danakali Share Discussion Threads

[serious punter] 24/5/2002 08:03

Mornin All

Will be topping up today again:0)

[psychicdoc] 24/5/2002 08:03

ff deramper lol

[forfaiter] 24/5/2002 07:59

Psychydoc...you haven't got much choice now unless you take a loss.......

The ramping on this board is a disgrace......so yes I will continue to post.....even if it is not what yo want to hear.....

Target price still 42.5p.......have a nice day...

[psychicdoc] 24/5/2002 07:34

ff is it clear now or are u still going to go on,guys looks great in long term and as the guv oak says 75p we shall see in a few weeks,holding long and strong

[easykill] 24/5/2002 00:57

mooch

they might provide forward looking statements, and may be indicate how Q1 trading is progressing.

[blueyonder] 24/5/2002 00:50

Did they have to call a CC or was it called in response to the fall in
the share price after the results. Surely if it was the latter they would
hope to give news that would bolster the share price.

[mooch] 24/5/2002 00:45

1) Are the YE results already out?
2) If so, what difference will the CC make?

[panagos] 24/5/2002 00:24

Danka Announces Conference Call on Year End Results
Friday, May 17, 2002

ST. PETERSBURG, FLORIDA (May 17, 2002) – Danka Business Systems PLC (NASDAQ: DANKY) will hold a conference call on Thursday, May 23, 2002 at 11:00 a.m. EDT to discuss the Company's year end results for its 2002 fiscal year ended March 31, 2002.


To participate, please call 212-896-6155


If you are unable to participate in the call, a playback will begin at 1:00 p.m. EDT on Thursday, May 23, 2002 and run through 1:00 p.m. Friday, May 24, 2002. To access the playback, dial 800-633-8284 or 858-812-6440 and enter Reservation #20618465.

###


Contacts:
Danka St. Petersburg - Sanjay Sood, 727-576-6003
Danka London - Paul G. Dumond, 011-44-207-603-1515

[millionaire] 24/5/2002 00:22

(i) no I can't (ii) no i can't SORRY.

[lex1000] 24/5/2002 00:19

Can someone (i)post the link to the CC and (ii)confirm that is live on the net?

[mooch] 24/5/2002 00:13

What are they expected to say?

[easykill] 24/5/2002 00:12

the 2nd coming of the messiah.

[easykill] 24/5/2002 00:12

failing that, Danka conference call.

[mooch] 24/5/2002 00:11

What's happening at 4pm?

[jimmy28] 24/5/2002 00:03

Ho-hum tum-de-dum

twiddle those fingers - morning all!

[forfaiter] 23/5/2002 23:55

Jeez...wish I hadn't mentioned it now......but surely in the short term the implementation costs will erradicate any savings made through the system anyway....

So it probably will take until Q3 2003 before any gains show up on the accounts...

[oaklandsway] 23/5/2002 23:47

You quote from the RNS:
Danka estimates that it has invested $20 million in its Vision 21 initiative to
date. Another approximately $5 million is expected to be spent in fiscal 2003
to complete the Oracle implementation in the United States and also undertake
installations in Canada and Brazil. In addition to tangible customer
satisfaction improvements, the company expects to achieve cost savings and
operational efficiencies starting in its fiscal 2003 third quarter.


And MIATA had explained to you:
" .... There are surely some benefits that will accrue immediately, the upgraded financial systems are already in operation. I thought it was merely overall cost savings that would not occur until later."

But you did not answer MIATA's question: Could you enlighten us why "The benefits from vision 21 will not kick in until Q3 2003...".

If you can answer MIATA's question (but at least you have to know what the componens inside the Vision 21 firstly) then you will not mis-understand with my previous postings above.

I tell you what:
When Danka proposed the contract to Staples, the Vision 21 (E-Business Suite, etc etc) was included as a special feature in the document of proposal. That's why ON THE CC Lang explained that he believed (or was told by Staples after all) that the vision 21 was one of the main reasons Staples choosed Danka. You know what I mean?. Vision 21 was still under development but had made money already (in contract expected has value in excess of $100 million for 3 years).

About your quotation that "the company expects to achieve cost savings and
operational efficiencies starting in its fiscal 2003 third quarter". That's merely overall cost savings through out USA because the installation accross USA will be finished at the end of Q2, but does not mean they have not taken the part of benefits before end of Q2 because on the CC it was reported that the pilot project has been doing in 3 branches (I forgot maybe in Atlanta, etc).

FF, I am not speculating when I blah blah blah..... I am trying to really understand what I am talking (but please put it right if I made mistakes). This is what I meant about "speculator".

[forfaiter] 23/5/2002 23:05

We are all speculating....even you .... their are no guarantees in life and certainly not in this game......


Check the RNS with regards to the when the cost saving benefits will kick in from Vision 21....it clearly states Q3 2003....from the man himself...

[oaklandsway] 23/5/2002 22:34

The Vision 21 has already kicked in since the program was under development (although the name of vision 21 was not declared in public) and the proof is THE CONTRACT WITH STAPLES. So please do not talk based on speculations or do not trust the management. Lang explained to many analysts & institutions which will be further studied, so every statement must be considered before blah blah blah. Only a speculator who will talk blah blah blah. Lang is not a speculator. He is a world class turnaround expert which had done on another company before he was hired by Danka.

You talk like a chief but a chief of speculator. Yes a speculator can make more money but I bet my shares of DNK can make me more money in one year ahead because DNK is still way below fair market value despite all the recent increases.

[oaklandsway] 23/5/2002 22:19

Correct MIATA, the software licence fee for oracle will increase but productivity and efficiency is much increased comparing the cost before putting Oracle (e.g. the service sales to Staples which will allow faster response).

If you listen to the CC carefully:
Lang said in the beginning and answering a question from a participant:
"Transforming from analog to digital is JUST NOT A MOVE FROM SELLING ANALOG BOX TO DIGITAL BOX! BUT IT NEEDS RE-ENGINEERING" THE RETURN IS THE CAPABILITY TO SELL HIGHER MARGIN HARDWARE, THE SYSTEM (NETWORKING SOLUTION) AND HIGHER VALUE SERVICE.

Danka turnaround is not just about restructuring the financial & organisation but also changing the image of business for long run: Danka will not only sell boxes but also the hardware for printing networking and more professional services.

I do not know why the software development was put as write-off but I think that is part of working capital.

Spending for Oracle licence will increase but that should be in line with increase "in margin and revenue".

Look at the posting earlier: "Margins have increased by 50% in the US this year and added to sales numbers in a positive way for the 1st time in 10 quarters".
And the Oracle system is just being put as pilot project in 3 branches in USA but will be put in all branches in US at the end of Q2 (end of June 2002).

Once, Danka in US can further increase the margin and number of sales then you will see how Danka will fly. Remember that according to Lang in the CC, if previously people compare Danka with competitors from what they called as "differentiation in analog era such as the response time in which Danka service men are still the best", but in Digital era people will compare it in the area what they called as "value preposition in which Danka chose Vision 21 as the strategic approach".

I want to talk about it further detail for long-term shareholders actually but MIATA at the end of the day if you just want to talk about people who will get slaughtered because selling under 64p then no point for me to talk about DNK will break £1.

I can understand DNK will open under 60p because in US was closed at $3.40.

Anyway enjoy your trading but I want to buy again in US if the price drop again tomorrow. Leave between 1-6 more weeks I predict DNK will value over 75p again but better trade in US: can make 23% in less than 24 hours.

[miata] 23/5/2002 22:05

Could you enlighten us why "The benefits from vision 21 will not kick in until Q3 2003...". There are surely some benefits that will accrue immediately, the upgraded financial systems are already in operation. I thought it was merely overall cost savings that would not occur until later.

[forfaiter] 23/5/2002 21:48

No I just look at the chart and the price....it says it all......management are no better than rampers....they only see what they want to see....

The benefits from vision 21 will not kick in until Q3 2003...

I will say it again.... it is the decline in the service/rental revenues that is hitting DNK......the management know it and that is why they will not answer questions on future revenue projections.....all they can do is keep cutting costs and reducing debt ...long enough for them to stabilise whenever that may be....

[oaklandsway] 23/5/2002 21:38

Did you listen to the live CC?

Regarding the development of networking & e-commerce (part of vision 21). Lang said that it has been successful of which become the reason they can win the contract from Staples. The system is also suitable for a network organisation such as schools or churches but the main target of sales is for big corporates.

Now Danka is in negotiation with big co but can not disclose to protect from competitors who might listen the CC.

I am not ramping but pass the information to people who might not listen yet.

[miata] 23/5/2002 21:32

SG&A for Q3 was $130,983,000 and for Q4 was $137,217,000 so if you remove the software costs of $7.6 million and the executive pay-off of $1.8 million you are correct that SG&A reduced. However you should note that there will be substantial continuing software licence fees for the Oracle software.

One word of advice if there is a slaughter dont be one of the lambs who sells for under 64p.

[forfaiter] 23/5/2002 21:25

...Still ramping those 'funnymentals' then Oakyhead..........and leading your lambs to the slaughter....shame on you...LOL...