Danakali Share Discussion Threads

[forfaiter] 24/9/2002 16:06

Lex ...not even going to try and second guess this market.....plus I am still in Spain on limited computer access.....two trades all month ....bought BGY at 4.75p and ANL at 5.20 which I am thinking of selling before 4.30pm.....

[lex1000] 24/9/2002 16:00

forfaiter, Target price of between 17p and 23p for danka/danky.In which case could buy back at half price the selling price. Would you care to provide your current worst case scenarios for FTSE,DOW and NAS.tia.

[forfaiter] 24/9/2002 15:54

Should find support at the bottom of the downward trend channel at $1.40.....but my overall target is 1.07 based on the H&S formation.

Fundamentally this price is also supported by a PE ratio of 12/13 on an EPS of 8 cents......giving a dollar valuation.....

[ambabe] 24/9/2002 15:45

Surprised this hasn't been marked down further...currently $2.05 stateside = 33p with perhaps further to fall!!!

[lex1000] 24/9/2002 14:40

Down at US open

Real-Time Quote
Time of last trade: 9:30:00 AM Eastern.Danka Business Systems PLC
Last 2.10 Bid 2.10
Change -0.06 Ask 2.18
Volume 5,600 Bid/Ask Size 1800.00 X 2100.00

Day's High 2.10 Open 2.10
Day's Low 2.10 Close 2.16
Real-Time Intraday Chart StockScouter Rating 2

[lex1000] 24/9/2002 14:20

FTSE dipped below July lows and Nasdaq pre market down.Note TSCO lost support at 200p.DCM great stock mentioned here on this thread but down 365/375 off recent highs of 425p post results. Looking for signs/hint,if there are any, of any rally to consider safely buying into (not forgetting to bank profits)over the next week?

Looks like a 250K dump of DNK stock @ 12.44?

L2 changes:-
13:25 WINS 33.50 36.50 25,000 25,000
12:52 NITE 34.00 37.00 25,000 25,000
12:51 MLSB 33.50 36.50 25,000 25,000
12:51 35.00 36.50
10:46 KBCS 33.00 38.00 10,000 10,000
10:46 NITE 34.50 37.50 25,000 25,000
10:46 WINS 34.50 37.50 25,000 25,000
10:46 35.00 37.50
08:39 NITE 35.00 38.00 25,000 25,000
08:39 35.00 38.00
08:39 WINS 35.00 38.00 25,000 25,000
08:39 35.00 37.50
08:03 SSSB 32.00 42.00 15,000 15,000
08:03 35.00 37.00
07:58 NITE 34.50 37.50 25,000 25,000
07:58 SSSB 36.00 46.00 15,000 15,000
07:57 NITE 36.00 39.00 25,000 25,000
07:57 36.00 37.00
07:57 MLSB 35.00 38.00 25,000 25,000
07:51 KBCS 34.00 39.00 10,000 10,000
07:51 WINS 34.00 37.00 25,000 25,000
07:51 35.00 37.00
07:51 BGMM 35.00 38.00 25,000 25,000
07:47 KBCS 35.00 40.00 10,000 10,000
07:42 35.00 38.00
07:42 WINS 35.00 38.00 25,000 25,000

edit:now back up above July lows.

[lex1000] 24/9/2002 13:23

Trying to get the feel in these times of new lows and which shares may or not bounce from here.Some are holding supports or staying above them ex.GMG 106/107 (lows of circa 99p),SIG holding 80p thus far.RBOS well traded share up at 1218/1219 from lows of 1152p.Would like to see the likes of VOD fall to 70p and not hold 80p for new trading range & bounce.Or are these markets going down,down ,down,a death by 1000 cuts.

Dear old danka now down to 35p/36.5p more in line with danky stateside.Where will it bottom?

Talk of war,uncertainty and continued poor earnings/profit warnings.

Significant & important period of financial & perhaps world history all living through.Common sense dictates that IF:- US + allies attack SH with objective to bring him and his regime down.IF SH has these weapons of destruction and can strike Cyprus,Turkey (bases for UK/USA) etc then he has nothing to lose by using them? Also who else are in our midst here in the UK and US? Falling share prices may possibly be the least of our problems,apart from shorters that is, as war would appear to be inevitable. Cash is King for some may prove out?imho,dyor.

edit:RBOS down again. Do investors get to see end of September/begin October bounce?

[blockbuy] 24/9/2002 09:47

Hey guys, how we still doing here? drifting down a tad. Getting too close to my purchase price now.....nail biting or what.

[ambabe] 24/9/2002 00:04

Hi lex,

Some more good advice, which I will be taking ie; safety first, preserving capital, cash is king!!

Watching and waiting!!!!

Catch u later!.....awaiting us open

[lex1000] 23/9/2002 21:40

Closed $2.16/$2.19 in the US with $2.05 intraday low.Make that 34p/35p @ $1.55/£1 compared to UK close of 36.5p/39p.

Glad that I bit the bullet taking smaller losses in mid 40's.If anybody has anything to say which is positive to share price please tell us.UK presumably must open lower in the morning and shorters have got their teeth firmly into this one.Trending down.

Can quite believe Danky dip below $2 and could possibly see $1.47 to $1.73 share price.Looking 32p support in the eye. imho,dyor.

[psychicdoc] 23/9/2002 18:01

ff is talking of $1.47, oak any comments.

[serious punter] 23/9/2002 17:55

Evenin All

I hate to say this, but I can see DANKY testing $2 tonight :0(

[smoketrader] 23/9/2002 17:40

Forfaiter

I think I see what you mean now, you're talking about a H&S with a sloping neckline. To be honest I hadn't even seen that one.

In the past the price moved very quickly through clear air between 30 and 40p so I can see it hitting 32p support soon.

[psychicdoc] 23/9/2002 17:05

ff do you seriously envisage such a fall,i dont mind personally as i a bailed out at 45-46p and am looking to get in but not in this scenario,resistance at $2 as you say is stiff and question of whether it will hold or not,cant understand how it is holding inspite of sustained selling across the pond ff, any views on that