Danakali Share Discussion Threads

[bbfifi] 15/7/2002 09:23

phookinell, thanks for the article!

[phook inell] 15/7/2002 09:09

bbfifi

FT didnot rate them as highly risky.. it was the express that stated Danka as a risky buy.

FT stated this :



Danka Business
By Paul Davies
Published: June 29 2002 5:00 | Last Updated: June 29 2002 5:00

Danka Business Systems saw its shares rally almost fivefold between January and March of this year, after spending all of 2001 below 20p. The photocopier supplier has struggled since its acquisition of Eastman Kodak's photocopier business in 1996 and saw its debt peak at £825m in 1998. The sector has endured difficult times as digital multifunction machines have taken over from the straight copiers of the past. Danka made gains of £122m from the sale of various businesses and £33m from a debt refinancing in 2001 - but this did not supply the impetus to lift its stock. Beeson Gregory, Danka's adviser and the only broker to cover the group, said the rally began after a stronger performance by Danka's US peers sparked UK investors' interest. Danka cut its debt to £166m by March 31 2002 and managed to turn an operating loss of £11.7m into a profit of £15.4m, even as revenues fell. The shares have since dropped from a high of 86p to 50.5p yesterday, down 1.25p. Danka's turnround story is at an early stage and the focus on lifting margins and providing more value-added services to go with its new generation of printers and systems means there should be better to come. Paul Davies

[bbfifi] 15/7/2002 08:55

I'm a great fan of FT, if they rated DNK as 'hightly risky' that normally implies 'highly rewarding'!!!

[phook inell] 15/7/2002 08:36

lex

nowadays papers almost instinctively rate companies like danka as "highly risky" to cover their backs. FT had more substance in their article and recommendation.

[lex1000] 15/7/2002 08:27

Maybe rated as highly risky buy, by Sunday Express,however,looking oversold & must be lower risk at these levels.bid/offer ticked up this a.m.-I'm presuming large buy to show later?imho.

[ejplynch] 15/7/2002 00:56

Sunday Express article mentioned that Danka was in recovery - cost cutting and trying to improve revenues. It stated that it dropped from a high of 86p because of XRX woes and rates it as a highly risky buy which is all one can expect in this market. Coverage should bring some buyers on Monday.

[phook inell] 14/7/2002 13:23

not bad at all. Wont do any harm to danka shares. Good to see that papers are latching on now. (FT recommending Danka 3 weeks ago).

[serious punter] 14/7/2002 11:40

I haven't seen the article, but was automatically notified bt Smartage - Certainly won't do us any harm :0)

Danka Business Systems
A highly risky buy (Sunday Express)

[jayno] 14/7/2002 09:47

Not if you use their online transaction-only service as I do:

www.redm.co.uk

Jayno
:-)

[psychicdoc] 13/7/2002 22:32

thanks sigora,they get u a good price but i think they are somewhat over the top on thir charges are they not.

[serious punter] 12/7/2002 21:51

Believe it or not, but IMHO the trading (although low volumes) was encouraging across the pond today. 151k buys 220k sells - YET the price firmed by 9 cents. Superb, the bears LOST. I'm looking forward to a bull Monday :0)

Have a good weekend all.

[sigora] 12/7/2002 21:20

Phycicdoc to answer your earlier query as to whom i use for pre trading,my brocker is redmayne bentley in leeds, i have been with them for about 15 years i am on pretty good terms with thier traders, altough this morning i had one of them running all over the place for my dnk shares i must have been on the phone for 10 mins the poor soul kept coming back with silly prices i wont pay a penny more than .37p i told him.bless him he got them for .365p i guess it pays to haggle.

[easykill] 12/7/2002 16:57

Will be satisfied with close above ...

by: chemist72
Long-Term Sentiment: Buy 07/12/02 11:47 am
Msg: 33004 of 33005

$2.44. This will put us in the upper half of the current resistance level and will hopefully set us up to break above this level next week. Need a close above $2.60 to break out of current resistance. Next resistance level is approximately from $2.60 to $2.90.

Good luck.

[lex1000] 12/7/2002 16:48

Nice to close in low 40's and look to the US to finish $2.50+.Have a good weekend all.

[lex1000] 12/7/2002 16:14

psychicdoc.....I think that you meant to say "..no fundamental reasons for recent decline..." although must admit that 'on fundamental regions' does sound more technical and abstract.Great day for all holders imho.

[psychicdoc] 12/7/2002 16:10

if there are on fundamental regions for recent decline then really one would expect it to recover as quickly as it declined,and would/should look at over $3 atleast by early next week

[psychicdoc] 12/7/2002 16:03

poor sods who sold out at 38p,mms shaking out the weak again

[super dario land] 12/7/2002 16:02

GO GO GO!!!

[serious punter] 12/7/2002 16:01

$2.57 just as I post

[easykill] 12/7/2002 15:59

Danky is smokin...

[oaklandsway] 12/7/2002 15:37

$2.50 is broken & done.

[super dario land] 12/7/2002 15:35

Hows DNK doing in the US?

[oaklandsway] 12/7/2002 15:31

Lets hope Danky will be over $2.50 soon so everyone buying today will be happy.

[oaklandsway] 12/7/2002 15:28

market pricing is in chaos.