Danakali Share Discussion Threads

[lex1000] 23/9/2002 15:11

danky currently down by -10c @ $2.25/$2.28 = under 38p English

[forfaiter] 23/9/2002 14:07

Looking for $1.40 ish..........before buying in again......

ST... neckline is at 51/52p which was retested after the results and gives a target price of 25/27p.....the neckline you are suggesting at 32p is impossible as it would give a minus target price...but you never know with DNK.....

However there is strong support at 32p and only 60% of H/S formations complete....so the faithful may be lucky....

[x1234] 23/9/2002 08:32

Anyone in brief can you give me a breakdown of dankys financial situation , ie how much debt it still carries and if it requires any re financing, additionally when are their next results out.

[phook inell] 21/9/2002 20:40

Institutional investors Loading Up
by: bullrallystocks (42/M/™ ®)
Long-Term Sentiment: Strong Buy 09/21/02 03:24 pm
Msg: 36951 of 36953



09/11/02 Institutional holdings of DANKY increased significantly.


Institutional holdings have Increased with each Update for the past 9 months, They are Loading Up. Now at 12.4%


As of last Update:
Increased Positions: 12 - 2,364,816 shares

[psychicdoc] 21/9/2002 09:55

yet again sustained selling onthe nas 4:1 or more sells than buys,pattern continues but mms continue to prop it up,somebody for sure is mopping them up but if that stops it could suddenly slide,still waiting for appropriate entry point soon

[lex1000] 21/9/2002 03:01

Closed in the US bang on 38p support.Can it hold or bounce back? IF danka/danky comes under selling pressure and goes down, 32p support next stop.Testing times.

[panagos] 20/9/2002 11:42

Thanks phook

[phook inell] 20/9/2002 11:40

panagos

it was a buy. it was done at 8:18 when the price was 38 - 40.... the trade was done at 39.5p. The price ticked up thereafter but a sell for 52k made it tick down again.

[panagos] 20/9/2002 11:26

Was the 120k trade a sell? Cause dnk has been going down since that time (10.18)

[lex1000] 20/9/2002 09:42

Interestingly trade 6 imo is a buy i.e 120,000 shares @ 39.5p.After delay in posting L2 shows mms marking up bid/offer,4 out of 6 are blue.

edit:sorry had not seen post 8847.Yes there are the positives of Institutional buying.Comments and judgements include the short term and possible fluctuations in share price.Long term DNK looks to be a winner.imho.

[psychicdoc] 20/9/2002 09:34

what i mean not long to go before some announcement is made

[paulm1] 20/9/2002 09:29

Trade 5 was a sell,it was mine.

[phook inell] 20/9/2002 09:23

someone picking up 120,000 at 39.5p at 8:18.

I still get the feeling Fidelity is picking up stock. There was a largeish trade done on wed as well.

[phook inell] 20/9/2002 09:11

psychic

why today for the announcement of a refin package ? close period starts in Oct, so they have technically 10 days to announce such a package.

[psychicdoc] 20/9/2002 08:57

i think this may go down towards 32-35p in the absence of a refinancing package today,but in long term shall be a winner

[paulm1] 20/9/2002 08:42

Sorry guys & girls sold out today.Will buy back if down to 30.Trade not yet showing but is for 18128.

[panagos] 20/9/2002 00:45

I regreted not having bought at 32p where forfaiter did, eve if i thought about it....I have to admit though this is a TA stock, I had carefully read Besson Gregory's recom. last night, and I honestly believe that when this big bad bear market comes to an end good small cap stocks like Danka will be the first to take-off..

[psychicdoc] 20/9/2002 00:36

i am waiting for it to drop sub 40p to get in,i doubt if it will drop to 32p though myself ,mms holding it up but wonder how it is going to fare on the nas today

[panagos] 20/9/2002 00:31

If is drops to 32p (ie the 68% retractment) from top, I^ll add to my position, I think its safer (looking at fundamentals) than to buy BAY, or VOD.

[lex1000] 19/9/2002 23:40

psychicdoc,in absence of refinancing package,tied to debt repayment will be sunk at next quarter results with falling revenues (expected) & no visible eps.In which event expect suports at 38p and 32p to be tested if not before imho.Longer term i.e 2003 onwards no probs.imho.