Danakali Share Discussion Threads

[matt1231] 27/9/2002 20:21

SP,perhaps not:-

Re: Some Key Industries slash maintenanc
by: iiifn 09/27/02 03:18 pm
Msg: 37371 of 37372

oaks shame on you. you have now turned to being a basher. and it seems you are sneakily doing the same on the uk board. you used scold pgevans (forfaiter) for doing the same - but now youve turned. May be because you no longer holder danky stock and wish to get in at a lower price. amazing what people will do to fulfill there objectives. you have gone down in many peoples estimates. shame on you.

Posted as a reply to: Msg 37369 by oaklandsway1

[matt1231] 27/9/2002 20:09

SP,no need to apologise,you're in good company.oaks has expressed fears if no news next week that danky could decline under $2 along with DOW & NASDAQ.

NASDAQ 1201.64
-19.97 1.63%

DJIA 7700.47
-296.65 3.70%

S&P 500 833.29
-21.66 2.53%

NASDAQ-100 862.90
-10.84 1.24%


NASDAQ-100 PMI 865.62
-8.12 0.92%


NASDAQ-100 AHI 871.13
-2.61 0.29%

Probably no more than US fund managers selling losers etc ahead of the next quarter etc.imho.

[serious punter] 27/9/2002 20:06

I must apologise to the board, but my frustrations of the septics has got to me - I posted this comment across the pond for the *anks!!!!!

We have Fidelity increasing their holding YET AGAIN & U guys drive it down on poor volumes - I honestly wish Danka was UK led.!!!

[matt1231] 27/9/2002 20:02

It's ok,cavalry has arrived.sceptic tank man has arrived on yahoo to talk some sense into the septics.Need to finish better than -14c at $2.04/$2.07.

IKN has improved back to $8,DJIA is -254.34 and NAS -13.29.

[matt1231] 27/9/2002 19:05

Biding my time for right entry point as there are good reasons to think that share price may go lower.DOW down by -227.98 at 7769.14 (needs to close above 7850 imho.).A well respected poster on yahoo.com also understands this vis-a-vis:-

NOT GOOD Closing UNDER $2.10
by: oaklandsway1 09/27/02 02:01 pm
Msg: 37364 of 37364

Because if we dont hear any good news on Monday or next week then Danky could decline under $2 along with DOW & NASDAQ.


There is a sign that IKN will decline to $7-ish. IMHO.

[serious punter] 27/9/2002 16:35

Phook

You could be right about that 300k odd being buys

The Nas is up 8pts, the poor septics haven't yet worked out that institional buying is good for DANKY meanwhile its held us back over here No trades at all for an hour across the pond:0)

[phook inell] 27/9/2002 16:20

Re: Fidelity buys 2.3 million more shar
by: chemist72
Long-Term Sentiment: Strong Buy 09/27/02 11:18 am
Msg: 37318 of 37318

By my calculations, that means that institutions now hold about 15% of DANKY's outstanding float (assuming no other significant increases or decreases from last June 30). Quite a change from the less than 1% holdings of last year! Are these people idiots or are they savvy investors holding for the long term? My guess is that FMR knows something about what it is doing. I feel no qualms being long with the big boys!

[phook inell] 27/9/2002 16:19

sp

just like the other large trades in the past few weeks.. I believe they were buy orders being filled (not sells as given by advfn).... for fidelity of course. I think they are still accumulating. Once they get a further 1%, another RNS will be issued.

[serious punter] 27/9/2002 16:14

looks like someone's unloaded 300k this afternoon, very little price movement - I wonder WHO is soaking this lot up :0)

[psychicdoc] 27/9/2002 16:01

some one was mopping up all those sells no wonder price has remained strong,fidelity seem pretty confident.

[serious punter] 27/9/2002 15:57

They're not stupid, they know where to get decent returns :0)

[phook inell] 27/9/2002 15:55

Dnk RNS just out :

fidelity have bought another 2,316,483 shares... taking their stake to 7.01%.... from 6.03%

[matt1231] 27/9/2002 15:34

Second that,temporarily out of DNK,plenty of time to get back in and the worst is to come imho.good luck.

[357aman] 27/9/2002 15:32

I am temporarily out of DNK. I will be back in due course. Now its time to
hang on to cash. The worst is still to come. Sorry chapes, good luck.

[matt1231] 27/9/2002 15:01

Second that IMHO, please be careful. :o)

[oaklandsway] 27/9/2002 14:54

IMHO, volume in US for Danky is not encouraging yet. Please be careful.

[serious punter] 27/9/2002 11:44

MMs a bit sensitive today. A few buys and they start upping the ante - the next buyer might be the last at these prices:0)

[psychicdoc] 27/9/2002 11:39

and marked up again is some news imminent

[maxbubble] 27/9/2002 11:19

ff hearing info on the ground in the uk only - it is Danka who have terminated low volume business or else put a minimum service fee on instead.
- i feel this is why their margin is rising.

[serious punter] 27/9/2002 10:25

ff

On a more general note IMHO. Expectations for the 3Q are quite low, but I believe priced in at the moment. There have not been any profit warnings issued, therefore performance is within management's expectations.

Additionally institutions and specifically Fidelity have increased their holdings significantly, which adds to the confidence factor. Also Danka have stripped away the burden entailed in owning offices by the lease back deals, freeing up cash. They've also dramaticaly reduced debt in a tough retro market.

So on the whole they are not doing too bad IMO

[forfaiter] 27/9/2002 10:16

That iiifn character must patrol the bb 24/7 waiting for me to post....and he is a Brit.......LOL

[forfaiter] 27/9/2002 10:13

SP...fair point......but it doesn,t mean much when the company is losing between 20/25m of revenue per quarter.My guess is that some vendors are not renewing the 12 month service contracts.......which is why the management are unable to call the end of the decline.....

Remember nearly 2/3 of the revenue base is service generated and very difficult to control......if customers don´t want it anymore...what can you do ?..other than reduce the price...

[serious punter] 27/9/2002 10:03

ff

I just love the way you wind the septics up across the pond. However your last post does have a few valid points. You could of mentioned though, that Danka had won the Pitney Bowes Contract - I believe woth something in the order of $13m

[forfaiter] 27/9/2002 09:32

Just a bit of short covering before possible refi news......if there is no news, then October will be one grim month for DNK.....IMHO

[psychicdoc] 27/9/2002 08:57

oak any tips,how about agt and itl at these prices,buy low rings to mind,got a sackful of thus sub 6p