Danakali Share Discussion Threads

[phook inell] 30/10/2002 21:27

oaks

quick question, when you divide the NAV figure with the number of shares in issue, which figure do you use for the number of shares in issue. I assume its the fully diluted figure, if so can you proviude it please and what is the current NAV / share ?

cheers

[oaklandsway] 30/10/2002 21:19

bb, I want to see the NAV goes up to $1.50 per share so I can be happy to hold at $3+ for long term otherwise we can keep trading it.

[phook inell] 30/10/2002 21:09

anything above £41,201,000 Net Asset Value will be pleasing. So long as it doesnt decrease.

[blockbuy] 30/10/2002 21:02

What would be a poor/good/exceptional NAV value iyo oaks?

(won't hold you to it.)

bb

[blockbuy] 30/10/2002 21:00

hold it, the cinc buyers are back!

[blockbuy] 30/10/2002 20:52

looks like the US don't want to hold this one over night.....

[oaklandsway] 30/10/2002 20:45

I can't speculate bb. Just check the NAV tomorrow & value the company based on that.

[blockbuy] 30/10/2002 20:24

Thanks oaks. I think i may have miss read something...i'll check my source.

What do you make of pretty much all of the matched trades have been done on the offer side?????

Could it be the price has been lowered to enable fid (or another) to stake build?

Check the cinc trades for yourself..

bb

[oaklandsway] 30/10/2002 18:42

The ratio is not 60%.

The equation is EV/REV of IKN = EV/REV of DANKY.

Danky was traded at 60% discount when EBG released a buy recommendation on 10 Oct but now overbought & overvalued.

bb, I am on your side. IKN should worth $10 if traded at PE ratio of 10. Unfortunately they failed to give a strong outlook. Wait a month or two, IKN will get there.

[blockbuy] 30/10/2002 18:36

and the phrase rats and drain pipe come to mind at the mo...

[blockbuy] 30/10/2002 18:35

Isnt the ratio 60% against IKN?

[oaklandsway] 30/10/2002 18:32

bb, I saw a long straight line at $2.70 yesterday then the price closed at $2.65. IMHO, breaking $2.70 barrier is significant as that line seems to be a barrier of upward movement. I wish the contract with Exxon Mobile can be announced prior earnings to break it through.

You can see now that "offer pricing" is not pretty sensitive to volume of buying.

Based on EV/REV comparison with IKN, Danky should worth $2.25 when IKN declined to $7 yesterday. Overvalue of around 40c but no worry as it should be revised tomorrow.

[blockbuy] 30/10/2002 18:15

Oaks, I thought you said this needs to stay above $2.60 yesterday? ;-)

Seems to be comfy there anyhow at the mo.

over 25% of the days trade all in the last 8 mins...all buys too.....

Quiet volume stateside.

Must be a watch and see scenario.

[blockbuy] 30/10/2002 16:30

holding well...a buyer close to the end too.....

1 min to go.

[oaklandsway] 30/10/2002 15:08

From trader's view:
Danky must close over $2.70 to prove that no bear trap otherwise .... decline could get bigger

[tizo] 30/10/2002 14:44

Market Comment & Newsround

Gathered from The Press, News Wires and Market Information

Every effort is made to establish the validity of the information contained herein, but it cannot be guaranteed.

Wednesday 30th October 2002.

HEADLINES

Markets in London and Europe were pleasantly pleased this morning with upbeat corporate earnings, with sentiment lifted further by Unilever, following its better-than-expected results and confident statement, allied with the late recovery seen on Wall Street last night.

At 10:58 the FTSE 100 was up 14.5 points to stand at 3950.4; at its height this morning the index was up 46.4, this was just after the opening of the market, when Market Makers were adjusting prices to accommodate the late recovery in New York and the good Unilever news. Fortunately the market has now calmed down.

Europe's biggest car manufacturer, Volkswagen, has reported that its net profits have halved during the July to September quarter. The company was hit by weak equity markets, which had forced it to write off losses from investments.

PriceWaterhouseCooper, in their latest UK Economic Outlook, have said that the economy will grow at a slower rate than the Government is forecasting, although taxes do not need to rise.

PwC has already trimmed their UK growth forecasts to 1.5% for 2002, but, in the latest report they have cut expectations for GDP in 2003 from 2.75% to 2.5%.

Gordon Brown's forecasts, which he set at the April budget, are 2% to 2.5% for 2002 and 3% in 2003.

BROKER RECOMMENDATIONS

ABN has upgraded Allied Domecq to add from hold and says buy Diageo after yesterday's statements.
ABN says buy Unilever, with a 660p price target
The broker says buy Serco.
ABN says add BAE Systems and hold CRH after a presentation.

Cazenove has upgraded Boots to buy from hold, ahead of results.

CSFB has an outperform rating for Diageo but has cut its target price to 950p from £10.
The broker has raised its rating on DFS Furniture to neutral from underperform raising its price target to 435p from 350p.

Deutsche reiterates hold BAT's, while cutting its price target to 670p from 775p.
The broker says hold Allied Domecq, with a 440p price target
The broker says buy Diageo, with a £10 price target.
Deutsche says buy Boots, with a 640p price target and buy BAE Systems, with a 300p price target

Dresdner Kleinwort says buy Unilever.
The broker says reduce Safeway.

Evolution Beeson Gregory has published a review of the radio sector, in which it has Chrysalis as its top pick.
Evolution Beeson Gregory has downgraded Regent Inns to underperform from hold, but has upgraded Tadpole to outperform from hold.

The broker says buy Danka Business
The broker has a long-term buy on Radstone Tech', with a 388p 18 months price target.

Goldman has downgraded Smith & Nephew to market performer from market outperformer.
Goldman reiterates market outperformer on BAT's.
The broker has market performer for GWR, while raising its estimates.
Goldman keeps its recommended list recommendation for BP while cutting estimates and has a market outperformer rating for Allied Domecq while cutting estimates

The broker has a market performer rating for Capital Radio but a market underperformer rating for Orange.
In a review of the insurance sector Goldman reiterates its market outperformer ratings for Friends Provident and Royal & Sun Alliance while raising its estimates, and keeps its recommended list rating for Prudential while cutting its estimates.

Hoodless Brennan says buy Range Cooker and First Choice Holidays
The broker has speculative buys for Clipper Ventures and Laura Ashley

HSBC says buy Severn Trent with an 805p price target, but is cautious on Shire Pharmaceuticals following the surprise departure of the chief executive

Lehman has equal-weight on Diageo, but has cut its price target to 900p from 940p; it also cuts the EPS estimates for 2003/4/5 to 49.1p (50.6), 55.2p (56.9) and 60.9p (62.8). The broker believes yesterday's 8% price fall provides a buying opportunity.

Lehman has underweight on BAT's, with a 805p price target
After yesterday's figures Lehman has equal-weight on BP, but has cut its price target to 480p from 500p. The broker believes yesterday's 7% fall in the share price was overdone

[serious punter] 30/10/2002 13:39

Phook

The fact that Fidelity is increaing their stake, IMHO is a very positive sign. US Futures up, could be a good run across the pond as well as over here.

[phook inell] 30/10/2002 13:32

total short positions is only about 1m (correct me if i am wrong) and fidelity own 20m. they may be forcing the price down to increase their stake.

[maxbubble] 30/10/2002 13:27

is there any chance that Fildelity/associates are controlling the majority of the "short" position in Danka??

[blockbuy] 30/10/2002 09:18

pangos...lol.

not danka though....money...;-)

[panagos] 30/10/2002 08:57

block is in love with lovely danka......the most volatile stock ever

[blockbuy] 30/10/2002 08:56

to young to have a job .... sorry.

[tizo] 30/10/2002 08:42

Dont you have a job to go to Blockbuy!LOL!