Danakali Share Discussion Threads

[lex1000] 05/8/2002 20:30

blockbuy,do you think having a curry tonight was wise? just thinking of the after effects should markets close this low!

[lex1000] 05/8/2002 20:27

Guess that's the green light for the shorters to move in.IF it stays like this at close then take my hat off to forfaiter for calling it right this time round.Did say that I was looking to take profits into a rise,didn't realise that 52.5p was it .Such an illiquid and volatile share. Lets hope the market see sense and moves back up.

[sigora] 05/8/2002 20:23

now 2.69 pathetic.

[blockbuy] 05/8/2002 20:22

this is what I don't understand right is that the bad news came out at 3pm uk time. things pretty much held up in fact 8300 was nearly tested.

so what happened after 3:30 to turn the markets into a 'last out the door pls turn out the lights' situation?

perplexed and puzzled, but of the realisation that all this is short term, going for a brew, fingers crossed for a 150 rally in the next 40 mins


BB

lol

[lex1000] 05/8/2002 20:20

sigora fallen through $2.75,advfn showing $2.73/$2.74.

[sigora] 05/8/2002 20:17

FF if it holds 2.75 will you but back? myshelf i am very dissapointed the way it has folded today and on friday after london close.

[lex1000] 05/8/2002 20:11

With comments and sentiment expressed below,beginning to wonder whether I should have taken small profits by selling at 52.5p to buy back cheaper myself.Particularly if proves DNK can't hold 46p post Q1 results.Roll on CC and some good news please.

Re: I'm Selling Over 3
by: broker_no_more52 08/05/02 03:02 pm
Msg: 34674 of 34675

Sorry, I don't consider this to be a POS. My reason for selling has nothing to do with DANKA. It's the overall market. Stocks rally for a day or two and then traders move off and it's right back down again. It seems to be the pattern for ALL stocks - manipulated by day traders and hedge funds.

Many people on this board have this stock under a buck and for them I think holding this long term is a great idea. My average cost is $2.15-$2.25. Watching is run up and back down under my average price is wearing a little thin. In a robust economy, there's no doubt in my mind that this would back to at least 4 by now. Unfortunately, we may not see a robust economy for months.

Re: I'm Selling Over 3
by: chemist72 08/05/02 03:04 pm
Msg: 34675 of 34676

Hope you can get over $3. Right now that doesn't look too promising. I have many of the same concerns you do and will miss your honest comments.

Good luck.

[blockbuy] 05/8/2002 20:05

ff, was the previous resistance level yes?

[lex1000] 05/8/2002 19:57

Stock Prices Head Lower in Midafternoon Trade as Economic Concerns Grow

A Wall Street Journal Online News Roundup
Growing concerns about the sluggish economy helped drive share prices lower in Monday trading. For investors, it was just one more chapter in what has been a tumultuous summer story.

The service sector of the economy recorded a sixth consecutive month of expansion, but the rate of growth slowed. The Institute for Supply Management reported that its nonmanufacturing index fell to 53.1 in July from 57.2 a month earlier. Economists had anticipated the index would fall to 55.5.

The Dow Jones Industrial Average, which lost 2.3% Friday, was off 193.98, or 2.3%, Monday to 8119.15 and the Nasdaq Composite index was down 28.91, or 2.3%, to 1219.01.

U.S. stocks fell sharply on Friday, dragged down by a discouraging July employment report that prompted renewed debate about a possible double-dip back into recession. Also, data indicated that the economic downturn in 2001 was more severe than previously believed.

The Standard & Poor's 500-stock index was down to 21.67 to 842.57, the New York Stock Exchange Composite index skidded 8.88 to 459.70 and the Russell 2000 index of small-cap companies lost 5.04 to 371.41.

In major earnings news, Dow component Procter & Gamble said it swung to a fiscal fourth-quarter profit of $910 million from a loss of $320 million a year earlier as sales climbed 6.1%. The consumer-products giant said core earnings of 77 cents a share beat a consensus estimate of analysts surveyed by Thomson Financial/First Call by two cents a share. Its shares lost 1.3%.

Procter & Gamble is one of the last big companies to announce quarterly earnings. And with the lackluster earnings season largely out of the way, Wall Street will sharpen its focus on economic news. Right now, the view isn't heartening.

"The economic recovery appears to be slowing to such an appreciable point that many investors just don't want to put money to work in this market," said Alan Ackerman, market strategist at Fahnestock & Co. "No one is certain that we've made a bottom and there is a strong emotional undertow in the market."

Financial stocks were weak Monday, with Dow components Citigroup and J.P. Morgan Chase both shedding more than 6% after a Lehman Brothers analyst issued a cautious outlook for both institutions.

Bond prices were modestly higher. Meanwhile, the dollar rose against the yen and gained ground against the euro.

In intraday trading, Frankfurt's Xetra DAX was down 5.6%, while London's Financial Times Stock Exchange 100-share index closed 1.9% lower. Tokyo's Nikkei 225 Stock Average closed with a loss of 0.1%, and Hong Kong's Hang Seng Index fell 1.3%. Taiwan lost nearly 6% amid renewed tensions with China.

In major U.S. market action Monday:

Stocks dropped. On the Big Board, where 931 million shares traded, 2,218 stocks fell and 904 rose. On the Nasdaq, 907 million shares changed hands.

Bonds rose. The 10-year Treasury note rose nearly 1/2 of a point, or $5 for every $1,000 invested. The yield, which moves inversely to price, fell to 4.242% .

The dollar rose. It traded at 119.29 yen, up from 118.92 yen late Friday in New York. The euro dropped against the dollar to 98.39, down from 98.76 cents on Friday.




Copyright (c) 2002 Dow Jones & Company, Inc.
All Rights Reserved.

[blockbuy] 05/8/2002 19:57

from 8700 to 8100 in a mere 2.5 trading days.

ps did neither....had a curry.

[forfaiter] 05/8/2002 19:57

Stop fretting ....you will be alright as long as it holds $2.75.....

[blockbuy] 05/8/2002 19:53

hey guys this i not what I wanted to see. Anyhow the dow/nas keeps trying to rise, however the sellers just keep pushing her back.

On the radio on the way home they were saying that wed/thurs/fre are the best days to buy at the mo and sell on mon/tues.

all to do with feeling good about the weekend I suppose.

Danku down about 5% which equates to approx 47.5 p offer as it stands.

The only good thing is the dollar strengthening or is that the pound weakening as it has been sugested that europe is growing slowr than the us.

Hey were all growing isn;t that enough?

lol

[lex1000] 05/8/2002 19:45

Just seen falls on DOW and Nas with danky trading $2.76/$2.79.A fall back to 43p/45p might trigger selling on stop loss system resulting in further downtrend here in the UK. An element of weakening of resolve is evident on yahoo.com with talk of selling out rather than ride share price back down to low 2's.Lets hope that it pulls back before the close.

[hallett] 05/8/2002 19:44

Solis

The apparent credit entry against Pref Share dividend is caused by the move in the exchange rate used for calculation from the dollar entry. Last quarter the basis was $1.425 whereas this quarter it is $1.50.

The effect of this means that although the total dollar value of the Pref Shares increased (or accreted) in the US dollar accounts, the exchanged sterling value decreased on the UK sterling balance sheet which in turn required a P/L benefit to emerge on this line.

[oaklandsway] 05/8/2002 18:53

Cheers solis. I am waiting for the right time to buy in US for a little rally next week.

[solis] 05/8/2002 18:33

Oaks,

US down 11c now to 2.81.

Have asked the company the question with regard to how they can have a credit to the P&L where the dividend normally is to the non-equity shares. Will post their reply.

Have not sold any stock and still hold at average 61.4p for the long term, but unless I get satisfactory answer will consider selling and waiting to get back in at a lower level.

[oaklandsway] 05/8/2002 18:02

Dow & Nasdaq down badly!

[357aman] 05/8/2002 16:53

bb, may i suggest golf so you can get wet.

[lex1000] 05/8/2002 16:45

bb, may i suggest gym in case of rain.

[blockbuy] 05/8/2002 16:44

catch ya later all. golf or gym. can't make up my mind.

[lex1000] 05/8/2002 16:41

blockbuy,

Agree with your views.Danka fell back to yanks friday closing price,today US /danky has stayed in positive territory with UK taking the lead at close.Nothing wrong with a bit of consolidation and trading sideways.

[blockbuy] 05/8/2002 16:37

back to 50 now lex.

well a consolidation day today.

In lieu of what's happening out there at the mo I'm happy.

Anyone else?

[lex1000] 05/8/2002 16:34

blockbuy,level 2 and monitor both showing offer at 50.5p at close . edit:now you see it now you don't !

Interestingly mid price of 49p = $3.01.That should give the yanks some encouragement.