Danakali Share Discussion Threads

[blockbuy] 07/8/2002 13:29

sigora, here's what the spread looks like at the mo.
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Real-Time Quote
Time of last trade: 8/6/2002 3:58:00 PM Eastern.Danka Business Systems PLC
Last 2.80 Bid 2.42
Change unch Ask 3.00
Volume NA Bid/Ask Size 1000.00 X 10000.00

Day's High NA Open NA
Day's Low NA Close 2.80
Real-Time Intraday Chart StockScouter Rating NA
Nasdaq National Market

[blockbuy] 07/8/2002 13:22

I'll have a stab.

1mil added to 248mil, no great shakes a 1/248 th diltion...nothing in real terms.

The best part is they can be used for the employee purchase plan.

Incentivising, great......at these low prices what a great way to motivate your staff.

If I was a staff member I would be looking apply for the max each month (£250 i believe), especially after the last set of results.

all imo and may be completley wrong and dyor etc.

[sigora] 07/8/2002 13:18

sp glad your still in.

[sigora] 07/8/2002 13:17

Oaks do you think this super sell messages are like a dangling carrott, as soon as the price gets close they move it higher or cancel it altogether?

[serious punter] 07/8/2002 13:16

Oaks

Any comment on the 1 mill block listing just anounced?

[oaklandsway] 07/8/2002 13:14

Sell Super Messages have gone up everyday from $2.80 & $2.90 yesterday & today is $3. Most of us are waiting to the price to break $3.03, which is the 50 dma. Big challange but not impossible, IMO, DYOR, etc.

[shareman2] 07/8/2002 11:19

I again observe Market Makers absorbing sells. That delayed trade caused not even a ripple.

[blockbuy] 07/8/2002 11:12

looks like options open for uk rate cut......

08/07 10:30
Bank of England Cuts Quarterly Growth, Inflation Forecasts
By Reed V. Landberg and Julia Kollewe


London, Aug. 7 (Bloomberg) -- The Bank of England cut its forecasts for growth and inflation, suggesting interest rates will remain at their lowest in almost four decades for some time.

The U.K. central bank said the economy would expand at an annual rate of about 2.5 percent through 2003, down from a forecast of almost 3 percent in May. Inflation will remain below its 2.5 percent until the second quarter of 2004, instead of rising above the target in early 2004 as predicted in May.

Risks to growth were ``to the downside,'' the bank said, suggesting an economic recovery that began in the second quarter remains fragile. U.S. and European stock prices have lost a quarter of their value so far this year, and U.K. manufacturers suffered its biggest decline since 1979.

``Overall, the outlook is for continued recovery in world demand, but at a somewhat slower pace than anticipated in the May report,'' the bank said in its quarterly inflation report.

Policy makers have left interest rates unchanged at a 38-year low of 4 percent since November, when the bank ended a series of seven rate cuts that reduced the key rate 2 percentage points.

Futures markets have priced out the possibility of an interest rate increase this year. The yield on the three-month Libor contract maturing in December fell to 3.92 percent yesterday from 4.65 percent four weeks ago.

Tumbling Stocks

Tumbling stocks and lower inflation prompted economists to roll back forecasts for the first rate increase. The bank's benchmark lending rate probably will rise beginning in November and finish the year at 4.25 percent, according to the median forecast of 31 economists surveyed last week. At the beginning of July, most economists expected higher rates by August.

The FT-SE 100 index in the U.K. has shed 24 percent of its value so far this year, even after rising 5 percent from a six- year low it touched in July. In the U.S., the Standard & Poor's 500 Index has fallen 27 percent since January. German stocks in the DAX Index are down 34 percent this year.

``Stock prices around the world have fallen by around a fifth since the May inflation report,'' today's report said. ``That could dampen consumer spending and discourage investment.''

Today's report helps show how quickly the Monetary Policy Committee will act to reverse last year's rate reductions and whether further cuts are still possible. Today's report noted the policy makers at their August meeting ``recognized that the outlook for growth and inflation was somewhat weaker than before,'' when they voted to leave rates unchanged.

``The committee stands ready,'' today's report said, ``to take whatever action is necessary to keep prospective inflation in line with the 2.5 percent target.''

Slower Inflation

Inflation as measured by the annual increase in retail prices excluding mortgage interest fell to 1.5 percent in June, the lowest since records began in 1976. It averaged 1.9 percent in the second quarter, slightly weaker than the bank's 2 percent forecast in May.

Gross domestic product rose 1.5 percent from a year ago in the second quarter and 1.1 percent in the first quarter, which was the weakest pace of expansion in a decade. Earlier this week, the government said it would have to shave 0.3 of a percentage point from that growth rate because of the manufacturing slump. Manufacturing production fell 5.3 percent between May and June and 8.3 percent from a year ago, the steepest drop since 1979.

Today's report did say the risks to inflation are ``slightly on the upside.'' However, the report said, the outlook for the second half of the two-year period the forecast covers ``is markedly flatter'' -- indicating the policy makers don't see prices rising as far, as fast, as they did in May.

The main prices to have risen over the past year are house prices, which increased 21 percent in July from a year ago, the fastest growth since 1989, when prices last peaked. In May, Bank of England Governor Sir Edward George said house price inflation was ``unsustainable.'' In today's report, the bank said it saw ``tentative indications the pace may soon start to slacken.''

[serious punter] 07/8/2002 10:23

sigora

Re your post on EDG. Yes still long on DNK

[blockbuy] 07/8/2002 10:22

it does seem like a natural entry point imo.

[oaklandsway] 07/8/2002 10:18

I guess funny fans had bought back at 48p, IMO.

[lex1000] 07/8/2002 09:28

blockbuy,
yes seem to have established a trading range of 45p to 54p.As you say IF good CC go on to 60p + (when i will consider taking profits-average 50p and buy back lower) but if a bad one then back to test lower support levels 30'/40's.Agreement on bb if 52p/53p firmly established i.e uptrend then many will be buying in,even ff.Pre CC shorters are out of this stock.imho.

[blockbuy] 07/8/2002 09:14

morning lex, SSSB moved up to 50p now. so 3 mm's tick up from initial risen price, 2 left at 48p.
Just a thought and only a thought.
On the run up to the Conference call on the 13th, this possibly will test the 53/54 level again on speculation.

I'm thinking that on a good CC this will break though and on a bad one may drop back to a lower support level.

Does anyone else think this might be the case?

[lex1000] 07/8/2002 08:35

good morning,markets have turned positive shrugging off 2 days of double dip inflation fears, with danky close above 2.75 in the US. UK mms making a positive start and taken the lead.Slowly getting rid of weak sellers.Agree with other comments 500K trade looking more and more like a buy from friday morning.CC five days away and quietly confident.imho.

[blockbuy] 07/8/2002 08:30

morning all. dead calm out there today.

[sigora] 07/8/2002 00:43

Now something cynical was the news of the impending good results leaked to a institution, its known to happen, mms then waited till the price fell lower over the coming days before showing the trade, for i can't beleive a fund would trade shares for a few pence gain long term these share is a sure fire winner for short termers unfortunately i am one of them it could go either way, also guys read the thread fara, this guy more often then not calls it right.

[blockbuy] 07/8/2002 00:35

Sigora, you might have a point there. look at AXO about a week or 2 ago. Some strange trading well below bid and offer price on friday eve and monday am. A couple days later, and rns about increased holding....for the exact number traded.

[sigora] 07/8/2002 00:29

If i can put my tuupance opinion on the 500k? trade, could it have been a delayed buy from friday morning, for such a large sell (if it was) the price has held up remarkably well, also the timing of the trade, i normally trade pre-opening very rarely are thier any mms open before 7.40am,JMO.

[blockbuy] 07/8/2002 00:15

ff, you may get your wish today

08/06 06:48
U.S. Stock-Index Futures Rise; MetLife and Lucent Shares Decline in Europe
By Ben Richardson

London, Aug. 6 (Bloomberg) -- U.S. stock-index futures rose amid speculation the Federal Reserve will cut interest rates in coming months to boost growth in the world's largest economy.

``The Fed will move if stocks keep falling and there is more evidence the economy is slowing,'' said Giovanni Trombetta, a fund manager at Sphaera Partners in Milan. He recently bought shares of Coca-Cola Co. and Procter & Gamble Co. The central bank's Open Market Committee next meets on Aug. 13.

September futures on the Standard & Poor's 500 Index were 10.70 points higher at 844.70 at 11:40 a.m. London time. Nasdaq 100 Index futures climbed 14 to 879, and Dow Jones Industrial Average futures gained 108 to 8145.

[blockbuy] 07/8/2002 00:01

phook, 7714, in reality though it's the eurozone and UK getting worse than the US (ie slower growth) not the US getting better.

[sigora] 06/8/2002 22:02

705 down to less than 10 phew miata, and theres me getting worked up over a few pennies.

[miata] 06/8/2002 21:58

I only keep records for six years, but I can tell you that, thankfully, I sold my then entire holding on 16/9/96 for 705p before they crashed - in those days there seemed to be information leaking out to certain US shareholders before figures were published which was one reason for my sale. The current management scrupulously ensure this does not happen now.

[blockbuy] 06/8/2002 21:55

hey guys, consolidated finish there. low volume but at least it's above 2.75.

Now the uk needs to take the lead.

And looking at what Cisco has announced.......well tomorrow could be another +ve day.

[sigora] 06/8/2002 21:41

Thanks for your considered opinion, at what price did you buy your dnk 1995 were they not trading a lot higher then?.

[miata] 06/8/2002 21:11

I don't really take a short term view on this share, its one for the long term (I have held it on and off since 1995). Nevertheless, if saw over 64p in the next month I would take it and get back in lower.