Danakali Share Discussion Threads

[oaklandsway] 10/7/2002 12:15

Re: 200 Day Moving Average is 2.33
by: oaklandsway1
Long-Term Sentiment: Buy 07/09/02 07:02 pm
Msg: 32343 of 32343

Are you sure that the official low was $2.33?
not $2.32?

I saw excessive sell at around that price but if that was the official low then we should expect to pause/stop falling. IMO, Dyor, etc.

PS. I bought some at $2.35.



Posted as a reply to: Msg 32322 by marko_ramieus

[oaklandsway] 10/7/2002 12:14

Remember, current stock market condition is worse than caused by 11th Sept. Few fraud and accounting irregularities, but those are too many to damage the whole US market. Danka is always one of the most vulnarable.

After WTC was attacked on 11th Sept, Danky dropped to 50c or a bit under, sorry I have no time to check the exact lowest price, although Danka did well on and after that crisis (Oct-Dec 2001), please see Q3.

So, I can't speculate on bad news until Danka announce it. Danka is always vulnarable, although I can see nothing had changed into negative internally. No bad news on printing industries either, but again until Danka can show another positive eps the Danka will always be vulnarable against market sentiments or any rumours.

UK investors would have done panic selling if something very bad is happening on Danka. News from insiders would have reached UK first in the morning than later the afternoon in US.

All the best.

[forfaiter] 10/7/2002 11:58

Projected EPS of 4.5P for a company with no growth could easily warrant a low PE between 4-10 in this market......20p-40p...take your pick...

[easykill] 10/7/2002 11:51

Re: Confirmation From Danka
by: iiifn
Long-Term Sentiment: Strong Buy 07/10/02 06:49 am
Msg: 32400 of 32400

yes, exactly. Very few companies have given specific guidance.

Danka have Beeson Gregory as their brokers. They produced an extensive research note and including some detailed forward looking statements. This report WOULD NOT HAVE been published until Danka had been satisfied with the content - this provides the basis for maket expectations. Now if Danka were going to produce (or were trading) below or above those expectations, UK law would have forced them to issue a statement stating so.

[forfaiter] 10/7/2002 11:49

Only on the weekend.......LOL

[357aman] 10/7/2002 11:47

Now ff are you happy?? Well you contributed to were we are today!
Congradulation!! Can I borrow your Lada??

[forfaiter] 10/7/2002 11:46

I wonder if the 200d ma is going to hold ?...if it breaks support at $1.90...$1.50...$1.07

[matt1231] 10/7/2002 11:38

oakslandsway,

my last post on the subject, as I wish only to be constructive (not argumentative) and provide a balanced view.Apologies if contrarian to your own and others on this board.These days I am not too emotionally attached to any company or share.

No "EK did not suggest that the company telephone statement will guarantee the share price wont fall further."

Hence my comments and points.

I consider DNK has an excellent long term future- two quarters results (as i understand it due first week of Aug and those following)will make interesting reading.

In a bear market,knowing the nature of DNK/DANKY,share in downtrend, buying at 38p (looks cheap but may get cheaper,all things being equal should bounce but may not do so etc.) has to be a better strategy than buying at lets say 50p to 60p.You called the share price right when it rose from 40p to mid 80's,for which we all thank you.However,with all due respect,not in downtrend.

The law of averages states that eventually you are bound to call bottom.That's investing,reason why each investor must make their own decisions,and not blindly follow,particularly those less fortunate,working small budgets with no cash lefton ,who may have bought higher up.imho,dyor,etc.

[oaklandsway] 10/7/2002 11:19

I don't think EK suggested that the company telephone statement will guarantee the share price wont fall further.

Danky can fall further or start bouncing but do not expect any statements from the company to help. It's not their culture to hype the share price using such statement or telephone conversations. Probably, Danka must give a statement if Danky fall under $2 today?

Anyway, I had started buying in US at $2.35 (about 38p here by taking £1 = $1.53) but still have enough cash. Please, do not follow me but I just tell panagos as he asked me at what price I will start buying.

[matt1231] 10/7/2002 11:08

oaklandsway,

You misunderstand.

I do not question the integrity of danka , only make the point that company telephone statements can lull investors into a false sense of security and is no guarantee that share price does not have further to fall. The fact that share price has continued to fall runs contrary to your advise of not selling for under 60p, as investors could in hindsight, have had the opportunity of selling and buying back cheaper.

My reference "Will look for 15K buy @40p! "was taken from post below
"psychicdoc - 09 Jul'02 - 15:17 - 6163 of 6240
falls to 40p shall get another 15k "

Hope this clears up any ambiguity(i.e looking for rather than to buy)/confusion as I am not into playing games.

[matt1231] 10/7/2002 10:57

maxbubble,thought results due out beginning of August,however,you maybe right?

[maxbubble] 10/7/2002 10:55

matt i imagine results should be in next 2 weeks not Aug

[matt1231] 10/7/2002 10:48

oaklandsway,

as posted 6211, technical problems (are to be expected)and usually easily resolved.My example of RTD was to illustrate that post 15p shares issue,company when asked said that they knew of no problems for falling share price blaming it along the same lines as EK post i.e."Implication was that share price performance was due to market forces - nothing to do with anything sinister (business wise) happening at ......" I.E down to sentiment and shorters,then issued profit warning!

You suggest taking the example of Autonomy,AU losing its support etc.,which makes my point that in the case of both AU & DNK/DANKY share price continues in downtrend.I do not question the integrity of danka , only make the point that company telephone statements can lull investors into a false sense of security and is no guarantee that share price does not have further to fall.Investors must take that into account in their decision making.You pays your money and make your own choices.

I'm looking to buy as a long term investment and not as a short term trade.Glad I sold my shares at 60p. Whilst I believe that share price is due a bounce,on what we know is worth at least 50p,waiting for results in August or 20p share price,whichever is sooner.imho.

[oaklandsway] 10/7/2002 10:26

matt, EK told you that the rumours on software affecting the revenue or any significant problems inside the company is not the issue (beyond expectation) regarding the price down trend.

Your example on RTD is not proper since RTD issued profit warning on 14 June.

I would suggest to take example of Autonomy because AU. lost its support at around £4.00 or £3.50 at the least and now went under £2.00. This is mainly caused by market sentiment. EK, gave us valuable information that nothing significant problems inside the company that can explain the decline of DNK.

[tizo] 10/7/2002 10:21

Millionaire were do you work!

[millionaire] 10/7/2002 10:17

big fella,
business model has turned now and the digital impact
is still to be seen. Danka are in my industry and new
products that Danka have are blitzing the competition.
When they were 10p, the talk was 'oh DNK they are finished'
because the share price kept dropping, and I admit I said
it too. The turnaround has been dramatic in terms
of share valuation and business direction.
I say it as I see it as it is an industry I know well.

[dazz17] 10/7/2002 10:08

would expect the dow to bounce of 9000 today if it get's there, and a good chance of a rally, up to a couple of weeks if not target 8900 and if that fail's ..........oh dear 8000 is on the card's where will that leave the dnk share price

Prediction: danky to close at $2.10 in the us tonight?

[miata] 10/7/2002 10:06

Buys 7,000 Sells 84,888. Ouch. Looks like people expect further decline in US markets.

[forfaiter] 10/7/2002 10:03

NS..LOL......

[forfaiter] 10/7/2002 10:00

Remember DNK have not given any forward guidance, so they have a lot of latitude to what is in their opinion, normal trading expectations in the early stages of the recovery cycle.

[newstarter] 10/7/2002 09:59

FF - those shares are dirt cheap now so no problem you buying that present for me !!

Have to say, I really did not expect to see us back here, although I am holding, and would very much top up if I had spare funds. With my recent house move, timing not good !

[matt1231] 10/7/2002 09:51

EK,

I have no reason to doubt what danka have told you and do not rule out a fantanstic bounce,dead cat or otherwise. However, how many times have investors heard the same reply time & again, only to see share price fall dramatically.I'm thinking here about one recent example of Retail Decisions (RTD).Is the share price now telling investors something? DNK share price has lost over 50% from 86p to 38/41-can or will it halve again?

[easykill] 10/7/2002 09:24

just phoned danka.

simple reply was that if the company had anything to say about the share price drop and its relation to business performance they would have announced it in the market (eg warning), as such they havent. Implication was that share price performance was due to market forces - nothing to do with anything sinister (business wise) happening at Danka.

[the big fella] 10/7/2002 09:20

Millionaire

So this is a better opportunity than when the were under 10p last September?