Danakali Share Discussion Threads

[serious punter] 06/6/2002 10:39

MIATA

Apart from side stepping my question, the relevance of any 'plans' 6 & 3 years ago, are totally irrrelevant.

[miata] 06/6/2002 10:35

If you wish to understand the action in this share you should read all the SEC filings particularly the effect of the 1996 and 1999 plans. DYOR.

[easykill] 06/6/2002 10:32

MIATA

how do you come to that figure that US has 86% of the float ?

[serious punter] 06/6/2002 10:32

MIATA

Forgive my ignorance, what's happening on 1st July?

[psychicdoc] 06/6/2002 10:29

oak agt under 50p to buy now are you still holding,
ff you keep repeating yourself oak has answered all these concerns and you still not convinced,well wait and see the results both 1Q and 2Q

[miata] 06/6/2002 10:29

The US has 86% of the float and watch the turbulence on first July.

[sigora] 06/6/2002 10:28

Thanks for your reply its never harmed anyone before to look at both ends of the stick like him or loth him (ff) he does give a contarian view if only he stopped winding people up.

[serious punter] 06/6/2002 10:26

MIATA

I disagree. Look at the last week. Yesterday was a particulary good example, let alone last Friday.

[miata] 06/6/2002 10:24

The UK has a very small float and has not / will not take the lead.

The UK MMs were well aware that the price would rise after the depressing effect of certain trades which take place in the first two days of each month.

[serious punter] 06/6/2002 10:18

FF

What you posted is pretty accurate. However, discounting the US hype, it's worth ($10-$14), Danka has performed an amazing turn-around. From a dead duck status Danka it is poised to return to profits because of stripping out deadwood, re-investing in new technology AND it's got proven clean books.

Where do you get your 37/45 valuation from? Institutions over here are now buying in and I doubt that if they thought it was going down dramatically, they would have invested at this present time. Interestingly, the bears had a go stateside, but the UK didn't bite, if anything the UK has now taken the lead role which will help stabilise matters IMHO.

[forfaiter] 06/6/2002 10:06

Sigora....

There was an interesting article in the Sunday Telegraph concerning how difficult it was to read company accounts due to their increased complexity and focusing on such figures as ebitda..write offs..exceptional costs...etc...

They went on to say that they are masking the most important figure for the investor which is the Pre Tax profit and loss.....as this indicates the underlying performance of the business.....your an accountant what was the Pre Tax figure for Danka as a matter of interest.?


The service revenues are still declining and account for a larger percentage of the revenue base than its peers ...dnk..approx. 60% and IKN approx.43%...which imho is an area for concern....

The company will face extra finance charges this Fiscal year and are as follows.

They have to seetle to outstanding notes which mature on the 1st of April 2002 of approximately $16m

They have increased term payments to make of $4m at the end of each quarter.

They have a fee of 1.5% of the outstanding credit facility to pay at the end of June..

The interest rate will increase by 0.5% at the end of June and EVERY quarter there after..

All these amounts can be verified by checking with the SEC filings....and if the revenue base has not been stabilised could cause problems in the future...imho

Certain posters in the US were including the sale of DSI in their earnings calculations which in my opinion is very misleading as it was an one off extraordinary gain and does not reflect on the performance of the survivng business....

The earnings as of the US accounts in Q4 were 0.004 cents after payment to the participating shareholders.....certain US posters decided to ignore this payment which again imho is very misleading....they have to be paid whether investors like it or not...

I stated at the time that the earning figure was to low to support the share price which has been proved correct......

[ambabe] 06/6/2002 09:51

Oaks - thankyou for clearing that up - had too much wine last night had to switch off!!

Psychicdoc hope you bought you're 30k yesterday I think things are looking good and ff can only dream of 37/45p now!

[sigora] 06/6/2002 08:38

psychicdoc have you had a look at exd results this morning? could be a good recovery punt.

[psychicdoc] 06/6/2002 08:34

sigora and last nights buy in us gives an indication of instit buying and this is the very start of it

[lex1000] 06/6/2002 08:33

Could almost have been written by ff!-copy and paste from americanbulls.com

DANKY
DANKA BUSINESS SYSTEMS PLC
3.490
+0.260 +8.05%

Daily Commentary
SELL

Our system recommends SELL as of today. Previous BUY recommendation was made on 5/31/2002 (5) days ago, when the stock price was 3.770. Since then the stock fell -7.43% .

Today the stock closed higher, close to its high (sign of strength) with a higher high and a higher low. A bullish gap occured, which may indicate an upward break out.The volume is low. The security price is trending down.

Long-term trend is bearish, and the upward move seems to have stopped. An early correction has started which may shortly turn into a bear trap. You may sell this stock now, but be careful!

Today's Candlestick Patterns:
White Candlestick

Today a White Candlestick formed. Buyers were in control but the buying pressure was not very strong.

[sigora] 06/6/2002 08:23

Topped at .63p this morning 10000k, institutions are coming now last two trading days in u.k proves,

[chestnuts] 06/6/2002 08:19

Some good posts last night but don't you lot sleep?

[sigora] 06/6/2002 08:17

ff where are you? we are all concerned you are not been questioned by the american auothorities for misinformation?.

[lex1000] 06/6/2002 08:13

UK mms very keen to consolidate and moving share price north on each of two buys this a.m. Makes a very pleasing change to see UK taking the lead.

[serious punter] 06/6/2002 07:52

Mornin All

Thanx for reply Oaks.

Yesterday was good news IMHO. Not because the price in the UK was reasonably firm, but seeing the yanks twit about, the UK was stronger again. In the light of no bear attack in UK (no reason to anyway), then the UK is keeping the light burning, by leading. This is good news, because Stateside, they seem to be too volatile with their major ramps & de-ramps. A cooler approach is required, with more considered thought. DANKY/DNK will progress north, but with less volatility if the UK maintains the lead.

When the results come out at the end of July for Q1, then we will see the progress being made. Day traders may make a few bob during the fluctuations, but long term holders IMHO will be well rewarded. Where the yanks keep banging on abot 'its worth $10+++ is totally unrealistic until Q2. LL is doing a very good job so far, but to expect meteoric rises now is totally unrealistic.

Today, I believe we will see another move north, and with the yanks playing second fiddle at the moment, the price will be less volatile. We've seen (IMO) institutional support here in the UK and this will be further extended as time proceeds. DANKY/DNK is an organisation that has righted itself and is poised to progress at a rapid rate of knots.

Sorry for the ramblings, but I had to get it off my chest. :0)

[easykill] 06/6/2002 00:29

another 60,000 delayed buy reported.

[ambabe] 06/6/2002 00:13

ta! could be even better though!