Danakali Share Discussion Threads

[forfaiter] 28/8/2002 21:54

LOL.....the ronnies are to easy...

[blockbuy] 28/8/2002 21:49

cheers. Had a quiet night there then.

[sigora] 28/8/2002 21:49

ff have you been upsetting those ronnies again?.

[ambabe] 28/8/2002 21:49

bb, can't believe you have to ask........!!

[forfaiter] 28/8/2002 21:34

...Bullrallystocks...

[blockbuy] 28/8/2002 21:31

FF, who do you post as on yahoo pls.

[blockbuy] 28/8/2002 21:27

nice flat close stateside. share price ..it's top sport.

[serious punter] 28/8/2002 21:25

IMHO a good day for DANKY across the pond. XRX down 24c, IKN down 29c - DANKY even on very low vols. One of the institutions was in the market to try and buy at $2.40, today the MMs weren't interested in driving the price down to accommodate them. Tomorrow & Friday we could see any shorters closing their position at the end of the month, which might give DANKY some volume stimulus.

Happy trading

PS - FF you really enjoy winding the yanks up, don't you :0)

[forfaiter] 28/8/2002 20:25

Whatever....but there is nothing to stop the Canon and the likes selling directly...this is the real threat...imho

[psychicdoc] 28/8/2002 19:17

all machines are sold with maintenance contracts the more complex the machines the increasing costs of parts and maintenace, yes they may break down less frequently but comp dont pay for maintenance as and when required they have long term maintenance contracts built in with their purchases hence profits from same can be more not less

[phook inell] 28/8/2002 17:36

Re: Think about it... NO Know about IT

by: geenngg (39/M/uk)
Long-Term Sentiment: Strong Buy 08/28/02 12:13 pm
Msg: 36023 of 36023

There are far higher margins from the newer technology.

The value added charges of installation and management are a higher proportion of the Sale. This is becasue they are more complex to install and configure. Danka are making more from their expertise than from the sale / maintenance of the machines.

This is why Danka are making higher and higher gross margins. Leaner and meaner !

[matt1231] 28/8/2002 16:48

UK & US share price beginning to converge.Closed here 42/43.5 and on thin volume currently @ $2.57/$2.59 equivalent to 42.3/42.6.Opportunities for those who sold at 48p to buy for less than 45p.imo, an interesting (or at least food for thought) "Think about it..." post found on yahoo by our friend ff,,c & p below.

Think about it...
by: pgevans34 08/28/02 11:43 am
Msg: 36020 of 36020

DNK generates 60% of its revenues from parts and servicing on margins of 43/44% and is where it has traditionally generated most of its profits....

Digital machines are more reliable and less labour intensive which means vendors upgrading only need 7/8 digital machines to replace every ten analogue machines....
....which as you have guessed means less servicing contracts from the onset.....

The machines when in place will require less routine servicing and therefore less parts meaning a continual decline in PROFITABLE revenue for years to come......

It doesn't end there...potential purchasers aware of the increased reliability of the digital machines......have the choice of buying directly from the suppliers like Canon etc.......cutting out the likes of DNK and IKN with their traditionally strong but expensive service departments.....

IMHO the good old days of screwing the customer with expensive service charges is over........

Does the industry really need the likes of DNK/IKN......maybe? but at a price that suits the customer........the gravy train has hit the buffers....boneheads...that is why the banks want the debt paid down sooner rather than later....imho

[zedder] 28/8/2002 13:58

Here they go again. 200k of Super Buy Messages at $2.40. They will probably get some as well:



Latest DANKY short interest:

Sett Date/Short Int/Avg Dly Vol/Days to Cover

Aug. 15, 2002 1,093,928 205,516 5.32
Jul. 15, 2002 1,095,963 347,375 3.15
Jun. 14, 2002 1,105,779 523,877 2.11
May 15, 2002 1,135,639 475,705 2.39
Apr. 15, 2002 1,179,000 793,507 1.49
Mar. 15, 2002 1,208,702 427,279 2.83
Feb. 15, 2002 1,184,489 1,198,017 1.00
Jan. 15, 2002 1,259,489 588,387 2.14
Dec. 14, 2001 1,219,144 173,562 7.02
Nov. 15, 2001 1,740,077 192,130 9.06
Oct. 15, 2001 1,798,581 184,509 9.75
Sep. 14, 2001 1,372,834 130,653 10.51

Data from

So there are still 1m shares to be bought back sometime. That could potentially add some serious momentum to any sudden increase. Trouble is when DANKY went over $5 in April/May, see:



they did not cover the outstanding shorts then, so not sure at what point they will be covered.

Regards
Zedder

[serious punter] 28/8/2002 13:46

Oaks

Thanx for your comments

[oaklandsway] 28/8/2002 11:55

SP, hopefully rebound but please watch IKN if goes down under $9 then Danky will get pressure. The sector was in red yesterday.

[coscos] 28/8/2002 10:25

No, these shares need a miracle. The fun and games is over with this one for now. Market is thoroughly depressed and could be heading for a dramatic downturn in the next few weeks, with the sabre rattling of war going on in US.

Why should Danky buck the trend?

[forfaiter] 28/8/2002 10:25

The US listing is causing this stock a lot of problems......

The yanks tend to look at the headline figures and not much else.....shame as the UK accounts could easily justify a share price of over aquid...imho

[serious punter] 28/8/2002 10:25

Oaks

I believe Zedder (8639), hit the nail on the head. MMs were trying to fill a 200k Buy order @ $2.50 and succeeded in walking this price down due to poor volume. IMHO DANKY will rebound this afternoon (UK) :0)

[oaklandsway] 28/8/2002 10:07

Must admit, the trend is going down again. The shorters may try to test $2.33 and take it to low $2 again this week. Lets hope the market will support Danky above $2.80 but I could not see buyers are ready to pay over $2.75.

Needs good news or sentiment.

[forfaiter] 28/8/2002 10:06

...I believe Beeson are using UK accounting standards for their calculations.......means nothing to the yanks..

[phook inell] 28/8/2002 09:38

and someone needs to tell the yanks that Beeson believe that the eps will have "a dramatic recovery" from the current 2c / qrtr.

[forfaiter] 28/8/2002 09:22

Someone needs to tell the yanks......nothing dramatic about EPS of 2 cents per share....LOL

[psychicdoc] 28/8/2002 09:17

will do for me long term sure winner

[maxbubble] 28/8/2002 08:44

times

A repeated "buy" recommendation from Evolution Beeson Gregory lifted Danka Business Systems, the photocopier leasing group, 3½p better at 44¼p. The broker is impressed at the company's debt reduction efforts, and predicts a dramatic recovery in earnings per share. Evolution says that Danka trades on the lowest forward earnings multiple in its peer group for its current financial year, and at a 66 discount to its sector for the year after.

[forfaiter] 28/8/2002 00:53

LOL...No its black arm bands these days...