Danakali Share Discussion Threads

[hasin] 08/8/2002 13:25

who's playing games with the buys

[yogesp] 08/8/2002 13:24

Almost the first buy !!

[solis] 08/8/2002 13:03

I have a problem with the Beeson Gregory forecasts that I hope someone can throw some light on in that I do not believe they are taking into account the positive impact on diluted eps

Their figures are:

2003 2004

PAT 22,746 42,030
Non equity share dividend -11,253 -11,985
_______ ______
Due to shareholders 11,493 30,045

Shares in issue – MM 254 254
Shares in issue inc non equity 334 334

Eps 4.52 11.83
Eps (diluted) 3.44 8.99

Shouldn't the non- equity dividend be taken when doing the calculation, giving

PAT 22,746 42,030
Non equity share dividend
_______ ______
Due to shareholders 22,746 42,030

Shares in issue – MM
Shares in issue inc non equity 334 334

Eps
Eps (diluted) 6.81 12.58

There is a positive eps gearing effect that is not being considered

[superpete] 08/8/2002 11:50

Jimmy28,as other more experienced traders have suggested,in event of a rise,worth noting that danka will need to hold share price at 52p/53p and above to sustain rise and not fall back.. Last time on release of Q1 results it did not but then again days of falling markets. I jumped in prematurely at 52p! All aware that Danka very volatile share and can swing both ways.It is traded and shorted when it gets too high.Trading and trends too date suggest that investors should consider at what point they wish to take profits. pete:)

edit:Q1 results stronger and Q2 tradionally weaker.Q2 results will have shorters coming out share bashing emphasing falling revenues.Must look longer term 9-12 months. imho,dyor.

[jimmy28] 08/8/2002 11:47

Thanks SuperP, I'm inclined to agree with you

Good luck all

[superpete] 08/8/2002 11:45

Jimmy28,investors and traders looking for share price direction.Reason why everyone,even shorters are waiting for CC.Reason I'm glad share price has fallen back.If danka were 60p to 70p,too much hype & expection would be in the share price for shorters to attack.My bet is for a rise back up above 50p.I may be wrong.Who knows? i suspect mms may have an idea.imho,dyor.

[lex1000] 08/8/2002 11:40

blockbuy,IF good news is released danka/danky share price will go absolutely ballistic,bad news down the tubes and 32p.Can you imagine mms holding price at 46p/48p in the event of 275K buys.No they won't,imo reasonable expect anything between 10% and 40% rise.Investors/traders being kept in the dark,left to speculate and guessing over recent trading, share price,TA,charts etc.mms gradually building up emotions,tension and suspence.Weak selers bottling out but will they live to regret.


Count begins..........4 (days)

[blockbuy] 08/8/2002 11:39

Think I might know who the buyer is.

[jimmy28] 08/8/2002 11:38

Why so much emphasis and expectation on the cc?......again. Lowry doesn't place much emphasis on forward guidance and there was very little price action following the last cc he did (if memory serves me right) alot of talk about increases in institutional holdings/interest thaat never materialised.

[superpete] 08/8/2002 11:27

Market Makers masters of mind games,pressing buttons to make a market,encourange panic and greed,confidence and doubt,confusion and certainty.Selling pressure can result in big mark down in share price or NOT.Danka showing resilience and strength.

Am I nervous about CC on Tuesday Aug 13th? No i'm not.
Am I pleased that share price has fallen back to mid 40's? Yes in hindsight I am.
Would I want to sell out before CC? No I don't.
Will I be taking profits? Yes if share price rises to 60p to 70p.

Danka share price has consolidated ready for either a strong rise or fall.You can bet Aug 13th will either be lucky or unlucky for some.Always thought of the 13th. as being a bakers dozen.

Place your bets now.

IMHO,DYOR.
pete:)

[blockbuy] 08/8/2002 11:18

hey here's a thought. What if the mm is short on stock as the 500k trade the other day was a buy......probably a wild thought.

anyhow over 150k soaked up yesterday too.

With all these sellers and the price remaining put, any buyers now should have a positive impact imo.

[lex1000] 08/8/2002 11:12

mms continue to accumulate sells.271K so far this morning.However, bid set in stone & rock solid at 46p.

[blockbuy] 08/8/2002 10:43

Wins is itching for some action.

[oaklandsway] 08/8/2002 10:41

Funny fans, my position is difficult because I am always optimistic on Danky to get fair value above $3.60 but without giving a precaution (from traders perspective) then you will accuse me not to give sell signal like you said last time. This is the difficult part of me.

Anyway, I want Danky to fly but if shorters want to attack then better at price under $3 to avoid blood bath. Please not to panic if MMs level the price with US just an hour before the market open. They used to do it.

[blockbuy] 08/8/2002 10:30

This might explain the absorption of all the sells at 2.73 from around 20:40 last night side.

The price held firm against all the pressure.

Can say an order place here be fulfilled from both sides?

[lex1000] 08/8/2002 10:05

There has been speculation and rumour of refinaning package being announced between now and CC.Would imho be a great catylist to move this share northwards.

[phook inell] 08/8/2002 10:04

ffaiter

what do you make of todays (& late yesterday) selling activity... not affecting the price ? any comments ?

[blockbuy] 08/8/2002 10:02

lex something to be announced?

[lex1000] 08/8/2002 10:00

Bullish signs? Conference Call next Tues 13th.

[lex1000] 08/8/2002 09:59

ff,Any ideas what mms are up to ? have you bought back in yet?

[phook inell] 08/8/2002 09:59

BGMM = beeson gregory.... danka's broker..... are they buying for clients ?

[forfaiter] 08/8/2002 09:58

Oakyhead has finally gone bearish....definitely time to buy...LOL

[lex1000] 08/8/2002 09:57

BGMM & MLSB on the bid.


Time MM Bid Offer Bid Sz. Offer Sz.
08:03 MLSB 46.00 49.00 25,000 25,000
07:58 SSSB 40.00 50.00 15,000 15,000
07:54 NITE 45.50 48.50 25,000 25,000
07:49 BGMM 46.00 49.00 25,000 25,000
07:49 46.00 48.00
07:41 45.00 48.00
07:41 WINS 45.00 48.00 25,000 25,000

[357aman] 08/8/2002 09:55

Be aware that something is cooking!!

[phook inell] 08/8/2002 09:55

this is very odd indeed. there must be a very large buy order, otherwise why would the market maker be absorbing such large amounts of stock ?

anyone confirm that its just one market maker taking all the stock ?