Danakali Share Discussion Threads

[blockbuy] 31/10/2002 20:47

well those sneaky little cinc's...

[phook inell] 31/10/2002 20:35

ff

thats where i agree with you.

ps you have to remember Danky has NET assets of 12p to 15p / share.

[forfaiter] 31/10/2002 20:34

Phook...the point is it could just as easily go to 10p as 1 pound.......its back into gambling territory.....okay for a punt....but not much else which is a shame....

[blockbuy] 31/10/2002 20:28

you raise and interesting point there ff..

Have they adjusted their FY guidance based on the interims...or do they believe they are still on target?

[phook inell] 31/10/2002 20:28

ff

we will see if your prediction comes to light. i wont hold my breath.

by the way wont it reach 50c like youve been saying in the past ?

ps there is a subtle difference between "it should" and "it will". Lot of stocks "should" be trading much lower than what they are, but are they trading at that price ?

[blockbuy] 31/10/2002 20:28

ps, that's a relly pretty graph there from thompson.

[forfaiter] 31/10/2002 20:25

Phook...You forget I was in this recovery long before you arrived on the board.....so I have seen a fair amount of hits......in fact I held the stock for over 12 months...while it traded between 8-17p......

This stock should now be at 1.20.....it has already come off the rails....every other company in the sector turned in improved earnings.....

[phook inell] 31/10/2002 20:20

ff

you want a flawless recovery which is hard to come by. On the way to recovery you have to expect hickups. In real business such recoveries take their hits - we will see what they give in Q3 for us to decide somewhat whether Danka has truly come off track which I very much doubt.

I am not a holder anymore, but I'm not as negative as you.

[forfaiter] 31/10/2002 20:19

Phook....your mixing trading with investing.....

[phook inell] 31/10/2002 20:16

you were saying Danka will hit 8p when the price 25p and look what happened thereafter. You seem to stick to the extremes when it comes to predicting.

[forfaiter] 31/10/2002 20:10

Lang is making hard work of this recovery.

.....there is no point chasing 7m contracts spread over 5 years.... then dropping 18/20m of revenue per quarter.........

He has cut the sales force to the bone to increase margins...and now the margins are declining.....worst of both worlds...

He introduces oracle to save on costs.......and now the system is increasing costs......

He hired Berg to improve Canada.....and now it has got worse.....LOL

The guys a clown...IMHO

[forfaiter] 31/10/2002 20:00

LOL...after those results....more like 1.5 if your lucky...

[oaklandsway] 31/10/2002 19:53

ff, I thought you will keep $3.5 target? :-)

[forfaiter] 31/10/2002 19:48

I may have a look at 10p....

[blockbuy] 31/10/2002 19:47

looking at the above chart, the institutions are having a field day....

or they're not sure what to do.

lol

[blockbuy] 31/10/2002 19:45

pangos if 32p is support then I may consider cancelling divorce proceedings with dnk. lol

ever watchfull though

[panagos] 31/10/2002 19:39

support is 32p resistance at 53p IMHO

[phook inell] 31/10/2002 19:36

the further reduction in debt, and hence lower interest payments, was one of the bright points in the results.

The oracle blip will cost $15m which is an exception item. Business wise it will be interesting to see what Q3 brings in. I didnt hear the CC so i am wondering whether anything regarding Q3 trading was mentioned.

New management also installed in Canada to sort out the problem over there.

[blockbuy] 31/10/2002 19:30

eye phook....even though q on q the results were an improvement, they obviously wern't improvement enough...

it's currently testing 2.20 (35/36p) again..

I suspect we may have to wait until late tomorrow or Monday before seeing a bit of stability and direction.

Wouldn't like to call a btm price, but I remember Oaks commenting on how significant 38p was / is.

Still waiting for the dust to settle. imo the company is lifting itself up and out of the darkness

[phook inell] 31/10/2002 18:31

bb

i was honestly expecting Danky to touch $2, even go lower but buyers coming in to pick stock up.

[blockbuy] 31/10/2002 18:24

imo it looks likr cash coming out of DNK is giong into XRX.

[blockbuy] 31/10/2002 17:50

cheers crawford, any more pls.

Ta

BB

[crawford] 31/10/2002 16:35

Canada problems being sorted out - new management are confident of turning it around.

[crawford] 31/10/2002 16:26

They are having major problems with their software upgrades and overspend.