Danakali Share Discussion Threads

[forfaiter] 22/7/2002 17:18

The bears have got hold of this one.. and the big boys don't want to know.....not looking good if it breaks $2...

[superpete] 22/7/2002 17:16

If danky keeps dipping below $2,who knows.Not for the weak hearted that's for sure..

[forfaiter] 22/7/2002 17:15

LOL...how about the lada and the chick ?

[357aman] 22/7/2002 17:07

Is that the end of my motor+........!!??

[superpete] 22/7/2002 16:48

Don't know if it will bounce back,but,yes going down in the US $2.05-$2.06 being sold down with DIJA and NAS I guess.

[357aman] 22/7/2002 16:18

will be marked down shortly!!

[phook inell] 22/7/2002 15:15

zedder

real time exchange rate as I speak = $1.5748 - $1.5755

I have a real time feed for exchange rates covering 26 currencies giving me UPTO to the second exchange rate details.

[zedder] 22/7/2002 15:07

If you are wondering how phook got his figures, it might be because your exchange rate info is out of date.

For the latest see:



Over the last 30 days, this has hurt the DNK share price to the tune of nearly 10%. Some pundits are predicting the rate might go as high as 1.70 in the short-term.

[phook inell] 22/7/2002 14:57

some disparity :

Danky : $2.14 - $2.20 which should equate to : 34p - 35p

but danka is : 35p - 38p which should equate to : $2.19 - $2.38

[blockbuy] 22/7/2002 14:13

hey guys I see $2.24 on offer State side and at $1.57 to the £, makes that 35.5p, there or there abouts. UK taking the lead then.

[chestnuts] 22/7/2002 13:14

FF My heads still in the sand with this one but not with RON take a look at this and let me know what you think.
Oaks take a look at LEX

[forfaiter] 22/7/2002 11:57

Or wait and buy the whole lot a higher price....LOL

[phook inell] 22/7/2002 11:57

:-)

decisions, decisions..

[phook inell] 22/7/2002 11:50

anyone got a feeling the danky will move up today. my fingers are twitching ... buy a bit now and then if it falls, buy more... or wait and buy the lot later if it moves down (which it may not)

[solis] 22/7/2002 11:37

atsuresh

Being a UK quoted company, accounts would have to be to UK accounting standards and auditors are KPMG who I trust.

[forfaiter] 22/7/2002 10:37

Psychidoc..LOL...

If DNK come out with accounting irregularities at this late stage, I will sell my beloved Lada....

[atsuresh] 22/7/2002 10:32

how are danka's accounts prepared? is it to UK accounting standards
or US accounting standards?

thanks in adv

yours nervously (for the next few weeks)

[psychicdoc] 22/7/2002 09:52

not long to go 2wks and a clean profitable set of results and we will see where the price is 6.5p or 85p, topping up time ff,lol

[dazz17] 22/7/2002 01:13

waiting for $1.00 now...

you can blame the fanatical greedy money grabing slime in the US for this mess, i seem to recall two british company's a few years back being cheated after they bought US companys........found hugh hidden debts in the account's after the deals where signed.....i think marconi was one of them, was done for £200million if i remember right.

better trading the bigger cos for the time being.
Believe it or not many fund's only holding 1 to 3% cash?????????? well i suppose it not thier money is it

[phook inell] 22/7/2002 00:48

blackbear

the problem now is people are now gone to the other extreme. In the unjustified bull run people bought everything and anything. The bull run was going to continue forever - but we all know what happened there after. Now its the opposite everybody is selling anything and everything. It seems the bear run wont end.

As cbs market watch puts it :

What Irwin Kellner calls the "deranged despair" in the current market has no more basis in the economic fundamentals than the irrational exuberance did in the late 1990s.

Once the fog of mistrust lifts over Wall Street and equity prices find their own level, investors could have some clear sailing.

The market is "building value for the future," said Steven Wieting, portfolio strategist at Salomon Smith Barney.

"Investors have failed to grasp the state of progress thus far," Wieting said. "Investors and industry analysts have frequently seemed to be asking for too much too soon from the economy."

Wieting and other economists note that the recent sell-off has brought forward-looking price-to-earnings ratios out of the stratosphere and closer to their historic norms. Salomon's forecast for the S&P 500 P/E multiple is 16 or 17 times 2003 earnings per share, about half the peak seen at the height of the bubble.

Indeed, at current interest rates, the market could be seriously undervalued on a risk-adjusted basis.


also a user on yahoo has aptly put it :

The exact opposite is happening when the bears were slagging off the bulls during the bull run, the bears all criticised the bulls a couple of years ago for concentrating only on the positive and basing their targets on only the very best and most optimistic data.

Those same critics are now picking only the very worst case scenarios and basing their targets upon them.

Exactly the same (fault) only in reverse if you ask me, and reality almost always lies somewhere between the two extremes.

===

its time like these that you buy (not necessarily all at once - but drip feed) the stocks the have been unjustifiably dragged down with the bad apples and hold on for the long term.

[forfaiter] 22/7/2002 00:38

bb...looking at 3-6 months..

I am not going to even try and play the mm game tomorrow, as I am sure they will mark it down heavily first thing with a large spread to boot...

If the next results show a clear profit then a company valuation of just 5 weeks sales is to low.....as any company valued at less than 6wks sales is seen as a BK candidate...which DNK isn't...imho

[oaklandsway] 21/7/2002 23:55

Yes, I am talking about a psyco-war in which jag should be more expert than me. Danky is under heavily attack by shorters but we can't do anything to support the price unless we can invite enough buyers.

Institutions seem to hold their money that makes shorters can do whatever they want.

No change in fundamentals unless Q1 is not acceptable but I believe Q1 will be good or Danka will break apart. I am preparing to top up my DNK & keep trading in US.

[phook inell] 21/7/2002 23:00

psychicdoc

I believe oaks is talking from a technical perspective and not from a fundamental one.

[psychicdoc] 21/7/2002 22:44

oak: are u now somewhat unsure in your confidence now as previously about dnk going forward and if so why? please let us know how you feel because we have been led by your posts and believe in you,
reg
jag

[oaklandsway] 21/7/2002 21:31

IMO, if Danky hit under $1.77 then things could get worse but if the bear can't push lower then we should bounce.

Result of IKN will affect share trading in the sector this week.