Danakali Share Discussion Threads

[blockbuy] 05/8/2002 09:10

pete, notice how the mm's haven't just tumbled. They've held well imo considering the UK is at or near 4000.

now will the market bounce off this or fall through?

[superpete] 05/8/2002 09:07

blockbuy, Our UK mms have flushed out some weak sellers as expected and marked down share prices in line with fridays US closing prices accordingly.Investors probably waiting to see what happens when US opens at 2.30 pm.Had markets not fallen on friday i'm quite sure that danka would now be trading in the 60's.

[blockbuy] 05/8/2002 09:00

bleeding duplicates.

pete, a few sold out between 50 and 52.5p, fair play banking nice profits I bet.
Those looking to get back in are probably looking for 48p or less.

[blockbuy] 05/8/2002 08:56

ff, a decisive break will happen if people buy and not wait around for a decisive break.

[superpete] 05/8/2002 08:44

blockbuy,totally agree with you,every reason to hold and buy with confidence .Ms well known for playing tricks on investors,to flush out profit takers and weak sellers.I'm guided by fridays 250,000 buy at 53.5p and fridays strong buy recommendation !!!

[lex1000] 05/8/2002 08:38

Realistic expectations of further good newsflow from Conference call tuesday week.Trading statement was very upbeat and every possibility of a refinancing package which would almost certainly be reflected in a rising share price.I see no reasons for scaremongering tactics,other than by those looking to buy back stock cheaper than sold! Strong buy recommendation and profits statement i.e good news is not reflect in current share price.Offer price up from fridays 46p to 49p is only a 6.52% rise.General market sentiment may hold share price back however confidently expect to break through 52p/53p within the next week. Yes anything is possible in these markets so lets wait and see. Holding this stock, even it should trade sideways until I see what comes out of CC.imho.

[blockbuy] 05/8/2002 08:34

ff, a decisive break will happen if people buy and not wait around for a decisive break.

[blockbuy] 05/8/2002 08:31

morning all....no great stampede for the door.

nice.

[forfaiter] 05/8/2002 08:20

Only a break of the strong resistence at 52/53p will confirm a further move upwards....until that happens you are just gambling.....could just as easily drop back to the low forties /late thirties in this market.....imho

It all depends on the US interpretation of the results.....an EPS of 2c puts the stock on a PE ratio of 37 assuming 8c for the current fiscal year...

[superpete] 05/8/2002 08:10

MMs will play around with share price to flush out weak sellers,will keep any large buys hidden from immediate view and delay reporting later to make them look like sells. watch the price rise later on.Plenty of more good news to come from CC imho.

[lex1000] 05/8/2002 08:04

Offer price 49p,there's your opportunity to buy sub 50p-no good news or strong buy recommendation reflected in the price.looking for possible 30% to 40% profits from here imho.

[matt1231] 05/8/2002 07:58

Worth watching, potential to make good profits out of this one.Won't take much to make share price rise once buyers move in.imho.

[matt1231] 05/8/2002 07:53

Mark down of share price was to be expected to flush out profit takers and nervous investors.mms will be quite happy to pick up cheap stock. Once cleared expect to see share rise back up again.remember company have reported profits and an analyst has come out with a strong buy recommendation.Protected t trade buyer paid 53.5p post results! Buy sub 50p sell above 50p and yes 70p is quite possible.imho.

[lex1000] 05/8/2002 07:48

Level 2 only 1 mm WINS logged on.

[superpete] 05/8/2002 07:44

Eyes will be on how danky opens in the US.Good news and strong buy recommendation yet to fully filter into share price.May gradually rise over $3 and trade sideways until CC.imho

[lex1000] 05/8/2002 07:35

Interesting day and week ahead.Danka share price 46p immedediately prior to positive news release and closed 51.5/52.5p (days high 55p)and subsequent "Strong Buy" recommendation.This mornings markets may possibly throw up buying opportunities.

[lex1000] 05/8/2002 07:30

Interesting day and week ahead.Not long to wait for CC with expectations of more good newsflow.Danka was trading at 46p prior to news release announcing Q1LONDON (AFX) - Danka Business Systems PLC reported first quarter operating profit of 10.2 mln stg, up from 6.1 mln a year earlier and said cash flow continued to be strong and debts significantly reduced.Closed 51.5p/52.5p.

Yes agree would normally & reasonably expect danka to rise by 30% from 46p =59.8p and gradually rise buy a at a further 20% = 71.76p when the shoters would move back in!Today may throw up buying opportunites should mms mark down the price.imho.

[superpete] 05/8/2002 07:01

tizo, Agree using peg and fair valuation,fair price of 92p does make danka look cheap. Summarising what has already been posted With early release of earnings friday p.m,subsequently followed by notification analyst STRONG BUY recommendation and protected "T" trade buy of 250,000 shares at 53.5p plenty of good and positive newsflow.Also have Conference Call this Tuesday week. With his reservations,even forfaiter says that ...only a fool would short before the CC and the rumour of a new finance package.....Management were confident to issue upbeat trading statement earlier than expected, a surprise to us all.This along with STRONG BUY recommendation is yet to filter through into share price and would normally expect rally in share price to follow through over the next 3 to 4 trading days.In these markets very much doubt that 92p can be achieved this year,however,see a rise up to 70p being quite possible.Positive newsflow coming out of conference call,particularly new refinancing package would do wonders for share price.

Looking to top up and accumulate shares,taking full advantage of any temporary price weakness and selling any rise between 60p to 70p.imho,dyor.

[forfaiter] 04/8/2002 23:03

Max..PRSC looks like a good short......will it survive without a bid ?..be careful with that one...imho

[lex1000] 04/8/2002 23:02

taken from yahoo.com which includes useful link to www.smartmoney.com

Chemist 50dmva
by: proticker (47/M/Wilmington NC)
Long-Term Sentiment: Strong Buy 08/04/02 05:21 pm
Msg: 34610 of 34611

WE are right sitting on the 50 day average. Its puzelling to call but we have 1 momentum 2 a ggod EPS report 3 a conference coming up that probably will shed positive light on the eps and expected forward performance. I think the odds seem to add a little higher price here for those reason
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Stocks: Stock Snapshots: Stock Snapshots

Stock
Snapshot
8/02/2002
4:20 PM
Danka Business Systems PLC
DANKY 2.92 0.18 6.57% DJIA 8313.13 -193.49
Nasdaq 1247.92 -32.08
Rus. 2000 376.45 -12.76

[maxbubble] 04/8/2002 22:52

ff thanks would appreciate your thoughts - another one u should look at is INFAST (INS) been in it a while - pays me a 10% div as well

[forfaiter] 04/8/2002 22:34

Max...looks like it has broken out of a descending triangle with a target price of 17p...which I believe is its 12 month low....double bottom on the cards ?...

I will do some digging and post on the PRSC board...but at a quick glance it looks interesting...cheers