Danakali Share Discussion Threads

[blockbuy] 12/8/2002 11:23

No worries. top draw eh?

Very quiet here today. I think most have sold out by the looks of it.
Still there must be a reason for MLSB and BGMM to be sucking in all this stock and not dropping their price.

Could all those that still hold pls say.

Ta

BB

[blockbuy] 12/8/2002 08:45

Guys, this is from the June report. Following the previous results would these statements still hold true?


Beeson Gregory is broker to Danka Business

Outlook
We expect one more year of revenue decline as implementation of the
new business model is completed,then a return to growth.Even so,this
year,with gross margins continuing to rise and costs again top sliced,
should see a strong move into the black.
•Price target of 120p per share (US$7.0 per ADS)
This year ' s rapid share price rise reflects the removal of the financial
distress discount,but the longer term earnings potential still argues for
more.On EV/Revenues,the Group is at a 50%discount to the sector and
our conservative DCF model gives a value of 122p.

cheers Tizo

[lex1000] 10/8/2002 15:01

Sigora,
Mrs Sigora is reasonably safe on the danka thread.Not so sure about other threads,with offers of talking about anything, could get a bit dodgy.Fully agree about banking profits.This is too much of a traders & shorters share with US dominating proceedings,driven by fear & greed. Quite capable of seeing rises 60p to 70p and even upwards and falls as recently seen down to 32p support or less.

A mind boggling share, combination of market makers and shorters does not help matters.Also lots of trading on technical analysis etc.

Fun,tricks and games Monday and Tuesday.MMs have scope to press 101 different emotional and technical buttons,need look no further than past few weeks for evidence of that.Raise bid offer to 52p/53p technically a buy signal for traders if it holds and then rises;drop bid/offer to trigger selling.Trade sideways and confuse the lot of us.Even now it is a great unknown.Yes investors know what was contained in Q1 results-also aware of US shorters spin and our own home grown "forfaiters" views.Note shorters to scared to make a call before Aug 13th.

The question is what more will come out of Tuesdays Conference Call/Fed meeting and how will mms and shorters play this share.For everyones sake banking on and looking for better markets with DOW/NAS rally to get the rise (even if it falls back later) which imho danka/danky richly deserves & for various reasons was robbed of post Q1 results.

Hoping for rise to 60p + IF all goes well bag profits and buy back cheaper both to trade & as long term investment.I'm philosophical,in no way nervous and remain quietly confident.Review summer 2003.imho,dyor.

[sigora] 10/8/2002 13:35

I think i 've made a mistake letting the missus loose on the bb's.

[smoketrader] 10/8/2002 12:26

What happened to Captain Nasdaq? LOL

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

I am sure beeson will be produce a comment report on Q1 results soon.

[tizo] 10/8/2002 09:31

BLOCKBUY!
THE LINK YOU ASKED FOR YOU MAH HAVE TO REGISTER BUT ITS FREE!

[paulm1] 10/8/2002 08:13

sorry lex
just that i get fedup seeing people slag others off after all we are all here to make money wether it be short,medium or long term.although i do belive some sad people come here with no intrest in the stockmarket at all just to wind us up.
sorry once again.

[oaklandsway] 10/8/2002 00:55

blockbuy, many thanks mate for all info.

[blockbuy] 10/8/2002 00:46

I spy with my BIG FAT EYE.....something beginning with superbuy message at 2.9


nice.

[lex1000] 09/8/2002 22:12

paulm1, RE:8048 and 8049
Trust that you realised that post was lifted (apart from my opening sentence) from US bulletin board and the words are those of author "ridin-do-danky" i.e NOT mine. Whilst I agree that post is negative slant against danka/danky it is however,imo relevant for posting here on advfn as one example of a US shorters mindset.

Come Tuesday I will be looking at posts from both longs and shorts plus keeping a sharp eye on share price movements.

Low volumes,low volumes.Shorters frightened to short before CC and longs/traders not confident to buy.UK mms happy to buy 500K @ 45p or thereabouts on 7/08/02 when not one single UK buyer dared raise a head above the parapet. Those without nerves of steel either selling to bank profits or playing safe accepting a small loss.Market makers sitting back and enjoying the ride up,down and sideways.Where the share price goes nobody knows.imho,dyor.

[sigora] 09/8/2002 21:27

Hi BB Mrs sig here,i'll talk to you if you want, about anything.I'm hoping to make something on DNK on Monday or Tuesday if the price goes up a bit more,brought 20k @ 45p.

[lex1000] 09/8/2002 21:27

blockbuy,as you say danka/danky will be closely watched Monday and Tuesday.UK and US mms couldn't have played share price any better.Keeping everyone on their toes,both longs and shorts.The anticipaction,suspence and expectations building right up to tuesdays CC. Looking for excitement of the right kind next week.

Have a good weekend everyone.

[blockbuy] 09/8/2002 21:17

well on my tod here, had a chat with some gus in the US. Mostly harmless as some may say.

2.90/2.91 close so all in all ball is in our court Monday. Waiting for the delayed charts to update, however I think we will be opening above the 50dma mark on Monday as the MM's will have to tick backup a little following the close tonight.

I can def see some day traders coming in on monday and tuesday in anticipation of CC and fed cut etc (cheaper rates help danka) so things may be a bit more exciting. After all they couldn't be much quieter around here at the mo

night all

BB

[blockbuy] 09/8/2002 20:22

just incase you miss the trades, on went through at 14:59 @2.90 10,000 BUY

followed a few mins later by a 5,000 buy at $2.90

[blockbuy] 09/8/2002 20:11

At the moment those that sold today may have made a mistake.
price recovery, plus dollar still rising.

Time of last trade: 3:10:00 PM Eastern.Danka Business Systems PLC
Last 2.90 Bid 2.90
Change -0.06 Ask 2.91
Volume 74,345 Bid/Ask Size 2100.00 X 300.00

Day's High 2.96 Open 2.95
Day's Low 2.81 Close 2.96
Real-Time Intraday Chart StockScouter Rating NA
Nasdaq National Market

[blockbuy] 09/8/2002 17:12

dollar to 1.5233.

In a short time the dollar has strengthend from 1.57 to 1.52 thats 3% back to us.

nice

[blockbuy] 09/8/2002 16:57

ok down in the 2.80's now. feeling comfy here. would like a close high 80's though.

50 dma = 2.98
200 dma = 2.55

range is geting narrower.

[phook inell] 09/8/2002 16:34

blockbuy

quite true. I would rather keep to the gradual and steady rise and mild profit taking on the way. In that way it doesnt catch the eyes of one day wonder traders (including shorters). Gradual growth is much better the wild girations from one extreme to the other. Thats why I bought DNK in the first place - capital growth for the long term. A stock that gets too accustomeed to traders is not very healthy for long termers and it can drive away genuine investors.