Danakali Share Discussion Threads

[forfaiter] 11/7/2002 08:57

LOL....risky alright......the mm still haven't shown the trade......so I am not the only one hedging my bets.....

[matt1231] 11/7/2002 08:44

ff,

think it's called hedging your bets.Taken that leap of faith but do you feel lucky?!

[forfaiter] 11/7/2002 08:41

There is a risk of it going lower, but I bought 20,000 this morning at 33p for a punt just in case it bounces.......strange that it hasn't shown up yet, but my broker has confirmed the transaction.

[matt1231] 11/7/2002 08:23

chestnuts,you are right to draw attention to the fact that markets are full of tricks, 9 times out of 10 these days to the disadvantage of the P.I.Takes a leap of faith and lots of luck. All I can say is stop loss,stop loss,stop loss. Bank profits and limit losses.

[chestnuts] 11/7/2002 08:21

I bought these long term and like everybody else what do you do but put your head in the sand for a couple of weeks or months or years they come back but stronger,
Iwouldn't be surprised if the mm have rigged this just to let in the new institutes for the refinancing package and blame it on market senitments i have heard of this before but we will have to wait and see.

[miata] 11/7/2002 08:21

Im waiting for it to RISE 5p before my next purchase.

I need to see support. This should come before the results in the next few weeks.

[matt1231] 11/7/2002 08:17

colinve5t, have a low risk approach,so would consider mid 20's as a starting point weighing up market conditions at the time.Not long ago investors traders would be rushing to buy shedloads at 33p.Markets very risky & taking no prisoners. .However not rule out bounce dead cat or otherwise.

oaklandsway,

you drew attention to and suggested better to compare DNK with Autonomy-AU currently down 41.5%.

[colinve5t] 11/7/2002 08:11

you mean between 20p and 28p, matt?
must go to work, rang my broker to order at 24p, keep me posted.. see you lunch time.. other opinions welcome.

[matt1231] 11/7/2002 08:01

colinve5t, who can tell.Seems to be a current scenario of ,man the life boats and every man for himself.I have a buy price of 20p and do not rule out share price halving again from where we are now,however,may be tempted sooner.Cetainly in this market 30's looking expensive, who would have thought.,even long term supporters are talking and hoping for 28c! Results not too far away for those that wish to wait 3 to 4 weeks. There is always the possibility of a very strong bounce back and would not rule out a 20% rise in a day.

[matt1231] 11/7/2002 07:58

Posted yesterday not to be lulled into a false sense of security and cautioned investors to take account that danka might have further to fall.Usually danka bounces back but for the momenr graph pointing steeply down.Sold at 60p and feel for less fortunate investors watching profits falling away from mid 80's and/or investors watching paper losses grow larger.Good luck.

[colinve5t] 11/7/2002 07:56

I used to invest in Danka before having busy life. Stock market is interesting.. buy low--> hold--> sell--> profit.. finding back my instinct will take some times.. at what price I should buy to hold. Give me your opinions.. my thanks come to your heart in advance.

Regards

[lex1000] 11/7/2002 07:26

Good morning,"another day,another $dollar" but in which direction-up or down?

[forfaiter] 11/7/2002 00:55

EK...look at the share price...enough said....

[oaklandsway] 11/7/2002 00:53

Unfortunately, Danka did not explain about the revised refi but we only read from a news wire. I do not like to speculate but on the CC Lang reported that Danka will reduce the debt to a level that will be acceptable to run the company for long term so we should hear the detail very soon.

Glad you agree about "market pricing is in a collapse" and "good opportunity to buy selected stocks" although you did not mention that whether Danka is included.

I found Danka as the easiest stock to make profit this year and I never felt I had wasted my time since I put money 18 month ago.

[easykill] 11/7/2002 00:52

frofaiter

what is the sector average GOING FORWARD ?

[forfaiter] 11/7/2002 00:51

Like all valuations they are subjective.......based on many factors relevant at that point in time.

[tizo] 11/7/2002 00:49

FF Who awards companies with their P/E RATIOS.

[forfaiter] 11/7/2002 00:41

The finance issue is not helping matters either.Taking out the option to continue with the present facility with its punitive interest rate rises was not a good move in this market.....

[oaklandsway] 11/7/2002 00:37

Solis, thanks a lot for your post. That's very good study & proved that BG used math although could be wrong if their assumption alter.

Funny Fans, regarding economic collapse. Please take IKN as the icon in the industry, if later on IKN and some house brokers won't change their eps target then we should agree that Danka should have not change their target of growth in EBITDA, profit margin, etc. We should use a reference to discuss.

True that pricing for Danka is very subjective because it is still in early phase of turnaround but we should use a reference whether the market caps is faily valued at under £100 million when we see progress in every quarter.

[forfaiter] 11/7/2002 00:33

EK...your putting words in my mouth....I didn't say the economy was going to collapse....I said the market is pricing in a collapse...big difference...personally I see this as a buying opportunity on selected stocks, for anyone looking 6-12 months down the road.

[oaklandsway] 11/7/2002 00:23

Come on funny fans, what do you mean with no growth?
9,300 workforce created $1.6 billion revenue comparing 16,000 workforce generated $1.8 billion revenue, is that no growth?

BG projected eps 4.5p then next year 11p, is that no growth?

In fact IKN did not expect the revenue to grow but the eps will also grow.


matt, I do not think you are ready for discussion but sounds like childish if participants in this board will expect others to follow blindly.
In fact I did not follow funny fans for his call that Danky will go under $2.50 but believe the strong support of $3.40 unless the market turn very bad (please see all my post). I applied my belief and had made over $2.1 per share in four tradings that when Danky bounced four times from low $3 to $3.8 then low $3 to $4-ish then low $3 to $3.6 and then last one was from low $3 to $3.40-ish.

Now the market has turned very bad (worse than 11th september based on FTSE index) and we see Danky under $2.40. I believe that Danky will bounce again and had start buying at $2.35. This could be not the lowest but that's me, I have to ask my money to work harder.

[easykill] 11/7/2002 00:19

forfaiter

then why did you buy LGD ?

There isnt going to be an economic collapse. You are making things up. Danka pulled through the trough of the economic downturn, and you are telling me that they will do worse when the economy is on the mend ? I am not saying the economy is going to recover overnight, but saying its going to collapse is downright scare mongering.

Its ok for you to state an EPS of 4.5p to put forward your arguement, but when its put forward that the same broker who estimated the 4.5p also gave estimates of 11.8p.. you state be realistic.

[forfaiter] 11/7/2002 00:13

EK.......be realsitic..who wants a company that might improve earnings 12 months from now when the market is pricing economic collapse ?

[zen_] 11/7/2002 00:12

we did mention not more than a few weeks back that this would drop to mid-high 30's whereupon we were ridiculed by a number of posters who said that only a ''lucky few'' would be able to buy at 64p or below.

we consider this share still has some downside especially considering a shrinking market and the adr listings being hit as new your goes total down the toilet

all in our opinion.