Danakali Share Discussion Threads

[blockbuy] 30/10/2002 08:09

Morning all....looking to be an upday today...expectation and speculation abound

good luck.

[forfaiter] 30/10/2002 00:55

I don´t think negative earnings will be well received in the US especially after all the other companies in the sector reported better than expected figures......as it will show DNK as the weakest link...IMHO

[blockbuy] 30/10/2002 00:52

would be good to see a super sell signal at say $3.50 right now.

;-)

[blockbuy] 30/10/2002 00:19

afternoon all...another snippet of news then Phook with Cannon....

nice.

Also take a butchers here

MARKET COMMENT
Few Shares Left To Short

By Maynard Paton (TMFMayn)
October 29, 2002



There are few shares left to short. Well, there are few obvious shares left to short.


A year or two ago, there were plenty of companies whose rich valuations looked distinctly undeserved. Combined with a ropey product and a slowing global economy, companies sporting high price to earnings (P/E) and price to sales (PSR) ratios were great starting points for those hunting shares with plenty of downside. These days though, with investors having migrated to sensible 'value investing' ways, spotting an overvalued share heading for trouble can be difficult.


The table below puts things into perspective. Excluding property shares (which tend to be valued on assets rather than earnings or sales) and companies with a market value of less that £30m, the number of shares exhibiting obviously rich valuations has fallen dramatically since the end of 1999 (the FTSE's all-time high).


30/12/1999 28/10/2002

Shares with
P/E > 25 194 30

Shares with
PSR > 5 180 28

Shares with
P/E >25 & 98 5
PSR > 5



full article here.

DNK aint on the hit list.

[maxbubble] 29/10/2002 21:20

I'm hoping with SGC if they are going to dump Coach USA that it will be sell on the rumour and buy on the fact!!!!

[forfaiter] 29/10/2002 21:15

I am even thinking of keeping that dog SGC for a long term recovery play....LOL

[blockbuy] 29/10/2002 21:13

ff, your not wrong...

[blockbuy] 29/10/2002 21:12

Anyone answer this...

when will the positive effect be felt from this pls.

Q2 or Q3

LONDON (AFX) - Danka Business Systems PLC said that three properties located
on its current corporate campus have been sold to local buyers for the sum of
3.5 mln usd.
The Company will continue to occupy these properties under flexible,
short-term leases until its employees can be transitioned into the Company's new
Corporate Headquarters located across Roosevelt Boulevard from the campus.
The new Corporate Headquarters is expected to be completed by next summer.
About 2.3 mln of the sale proceeds were used to pay back lenders under the
Company's Tax Retention Operating Lease (TROL) financing facility, which has now
been fully repaid and terminated.
The Company will receive net proceeds of about 880,000 usd which it intends
to use for further debt reduction.
rn
NNN

[forfaiter] 29/10/2002 21:11

Plus it is easier to find a stock to go long on than short.....everything has been destroyed...LOL

[forfaiter] 29/10/2002 21:10

I was watching certain stocks today and investors were buying the dips.....haven´t seen that for a while...

[maxbubble] 29/10/2002 21:08

maybe the bears see the low cc figure as a turning point?

[blockbuy] 29/10/2002 21:04

right then....as no one refused my bet, you all owe me one qxl share.....

dow finished flat or blue...0% gain, butup 4pts...
oh another 200point swing....surprise surprise....

yeah baby...

DANKY finished 3% up, vrs DNK 4.5% down....

correction in the am I think.


Anyone know why the rise from 20:00 onwards....if it's traders thinking about fed cuts, then I could have saved you 5 hours worth of watching...cos that's what I said this salvo....

Anyhow...looks good for tomorrow folks.

dyor etc.

[oaklandsway] 29/10/2002 20:54

ff, what do you mean by "I will stick with my $3.50 target..." ?

[blockbuy] 29/10/2002 20:25

vod may get hit

PARIS (AFX) - Vivendi Universal has decided to reject Vodafone Group PLC's
offer for its 44 pct stake in Cegetel "in its current form", it said in a
statement following a board meeting.
er/jkm/

[blockbuy] 29/10/2002 20:21

actually Pangos, if there have been shorters around the last couple of daysm then this is testiment itself to it's strength....

imagine now as the price rises as those shorters cover.....

$$$$

that I like.

[blockbuy] 29/10/2002 20:19

pangos, not sure about shorters covering, there are an equiv amount of buys and sells so far, however I agree that there won't be any sensible shorting until the results have been read....and then they'd have to be bad, espc with a stronger quarter starting an all.

all imo of course...could be complete cr*p...

;-)

[panagos] 29/10/2002 20:17

It looks to mee like all danka was heavily shorted just after last quarter's results and are covering before coming results.....

[blockbuy] 29/10/2002 20:13

hi ff, did you just see the shake that happened....caught a few didn't it.

[forfaiter] 29/10/2002 20:08

Hmm.....I think i will stick to my 3.50 target......to much wrong footing going on......which means up in my experience...IMHO

[blockbuy] 29/10/2002 19:56

another cinc buy...2.70

we could end up with big smiles guys in the am if this holds

;-)

[blockbuy] 29/10/2002 19:44

Just thought of something really good.

If the UK results make people smile, then as they are out before the US opens, there's no chance of the yanks spoiling our party.
If we can get enough momentum going then you never know it could be double bubble time come midday/14:30

Obviously the reverse is true too.

So for Thursday am, what's expected of Danky pls so at least we can make comaprison.

t/o
g/p

etc...

Ta

BB

[blockbuy] 29/10/2002 19:01

in theory yep...

what we could be looking at now is full yr and is danky going to hit target.

If H1 there or there abouts then brill....

If DNK beat the street, like the rest of it's peers then a rerating may happen...

If all on track then I suppose it should be upward movement to the £1.65 value or what ever was banded around 3 months ago (£1.20 - £1.65 was the range posted here I think)...

Also beeson's target could be achievable. (don't have the report to hand at the mo)

Thursday we find out ...

[phook inell] 29/10/2002 18:56

thanks bb

so in theory the price dropped during this quarter as Danky were going to report a weak quarter. So Q3 will be a strong quarter so we should expect this to be reflected in a higher price ?

[blockbuy] 29/10/2002 17:59

cinc at 2.71...that's started this spate of buying