Danakali Share Discussion Threads

[smoketrader] 24/6/2002 17:50

The Nasdaq is approaching the September 2001 lows which is a critical point. IMHO a lot depends on whether it (Nasdaq) bounces or not.

[forfaiter] 24/6/2002 17:40

Sorry thought you meant SPS....triangle has been evident for a while just waiting for the break out.......take your pick on the direction ...

[mooch] 24/6/2002 17:39

The DNK chart is showing an almost identical pennant formation to that of February. If the same thing happens now as happenened then we will probably get one or two more small dips and then a massive breakout past 80p. IMODYOR.

[smoketrader] 24/6/2002 17:15

Or was he referring to DNK?

[forfaiter] 24/6/2002 17:04

Dazz....www.investtech.com have a good explanation......they called the same formation on DNK if I remember....a break through 30p on good volume would be very bullish...

With a mkt cap of just £10m ....it wouldn't take much good news to push it through the 30p resistence level.....usual disclaimers... especially with the general state of the market...IMHO

[dazz17] 24/6/2002 16:30

ff

just had a look on the chart and a symetrical triangle has formed over the last few week's.......got a view on this????

all in my opinion of course

[forfaiter] 24/6/2002 15:30

Hope you losers are keeping an eye on SPS.....nice looking chart...

[blockbuy] 24/6/2002 14:51

$1.5062 to the pound

[rebel] 23/6/2002 11:27

Xerox took another step towards shoring up its finances by renegotiating its $7bn credit facility, due to expire in October.

The copier company was first forced to draw on its credit line in late October 2000 as its finances deteriorated and its credit rating came under pressure.

Xerox stock had risen nearly 4.5 per cent to $8.20 by lunchtime in New York as investors welcomed the news.

Under the deal announced on Friday, Xerox has repaid $2.8bn of the revolving facility and pushed back the maturity date for most of the rest of the outstanding loans until April 30 2005.

Repayment of part of the credit facility, and the maturing of a further $1.3bn in debt this quarter means Xerox has worldwide cash of $1.7bn on its balance sheet.

Xerox had set itself a deadline of the end of this month to complete the negotiations and had warned in earlier regulatory filings that if it failed to strike a deal with the 57-bank syndicate by October its viability would be put in doubt.

Anne Mulcahy, Xerox chairman and chief executive, said on Friday that the group was now "better positioned to effectively manage our liquidity while focusing intently on building back value in the company".

Completing the talks on the credit line was one of the first tasks for Lawrence Zimmerman, the former IBM executive who became Xerox chief financial officer last month after a long hunt.

An even more important job is to restate Xerox's accounts by the end of this month, in line with promises made to the Securities and Exchange Commission when the copier group settled an accountancy case with the regulator in April. Xerox said it was still on course to produce restated accounts by the deadline.

The renegotiated $4.2bn package is in the form of three term loans of $2.7bn and a $1.5bn revolving credit facility. The first term loan - worth $700m - must be repaid by September. The other loans, and the credit facility, mature in 2005.

[serious punter] 22/6/2002 10:24

I don't know whether this has been posted before, but here's the reference for Beeson Gregory's report

[forfaiter] 22/6/2002 08:10

Guess I won't be getting my Lada now ?....LOL

[easykill] 22/6/2002 00:22

ref :

has that guy/gal sticking two fingers up got scabbies ?

[chestnuts] 22/6/2002 00:03

zulu good post

[psychicdoc] 21/6/2002 19:38

back after a couple of days, can see nothing has changed, come on ff when are you getting us over $4,i know you are doing your best,holding long and strong

[forfaiter] 21/6/2002 17:00

..why would I want two Lada's ?....LOL

[357aman] 21/6/2002 16:58

ff

With my todays gain I can buy you a Lada. Have a nice weekend!!LOL

[chestnuts] 21/6/2002 16:51

Where abouts

[forfaiter] 21/6/2002 16:49

Yes my boat is moored in Spain.... ....

[ambabe] 21/6/2002 16:46

New Starter - Hope your move went smoothly, when's the party??

ps - did you get your house warming gift from ff???

[forfaiter] 21/6/2002 16:42

LOL...blame the football.....

[chestnuts] 21/6/2002 16:42

ff do you have a sunny position

[ambabe] 21/6/2002 16:39

ff - the doom and gloom merchant!!lol Have a wonderful weekend too ff !!

[forfaiter] 21/6/2002 16:37

Except the weakening dollar against the Yen which is hitting the large Japanese exporters including Canon.......Canon machines make up 80% of DNK US sales......

A weakening dollar will benefit US manufacturers/exporters which should help good old Xerox if it continues to weaken......

[ambabe] 21/6/2002 16:34

Jimmy, have to agree with you on all counts except your waistline... really couldn't comment!! lol

[jimmy28] 21/6/2002 16:31

I'm just not happy about the volumes, world events, England losing, the weather, the markets, and my waistline!

Just don't feel right - sold my last two tranches at 69 and 61 and there is nothing to persuade me as yet to buy 60p

I made some money out of the rise from 54 and psychologically want to see that again before re-investing

must admit it has held up tremendously well over the past couple of weeks.

Anyyone long and possessing patience of course has nothing to worry about -

The best of weekends to all