Danakali Share Discussion Threads

[easykill] 27/11/2002 13:58

but it was also overbought at $2.70, $3.00, $3.40 etc etc ?. You were saying similar stuff at $2.70 and look what happened thereafter (the 'bear trap'). you stick to your analysis as in the past few weeks its proved to be wildly wrong, many on here have sussed you out.

[phook inell] 27/11/2002 13:46

and more selling....

[phook inell] 27/11/2002 13:40

watch out for a big delayed trade once order is filled.... possibly after market close.

[blockbuy] 27/11/2002 13:31

buying is now only 10k online....

this tells me...please give us your stock.....oh and buy the way and buyers will tick the price up....

Any other interpretations?

[easykill] 27/11/2002 13:27

ummmm interesting. looks like market makers filling an order.

[blockbuy] 27/11/2002 13:26

actully the buying was 25k....

I've just checked selling and it's 25k too.....

Bid Price p 59

Offer Price p 61.5

Maximum Size 25,000

[easykill] 27/11/2002 13:25

blocbuy

are you saying one can currently sell 25k of danka stock online ? whats the limit in buying ?

[blockbuy] 27/11/2002 13:21

zedder...to reinforce...the online trading size is currently 25k

I havn't seen this for a long while (normally 5 or 10K)

Something is a foot (and it aint 12 inches)....imo

[zedder] 27/11/2002 13:17

The latest DANKY short interest. There were still 1.1m shares needing to be bought as at 15th Nov.



After the way this share has behaved over the last week, I am happy to hold for the next 6 months. The greedy MMs have never given me the chance to get the 62p I was after if this had been a 1 week punt anyway!

[blockbuy] 27/11/2002 13:12

absorbe vou sil vu plait.

lol

[blockbuy] 27/11/2002 13:07

XRX offer just been moved to 8.85.....could they test $9 today???

[phook inell] 27/11/2002 13:06

yes i do blockbuy. Thats what I was referring to in my post. Market makers willingly absorbing the stock.

[easykill] 27/11/2002 13:05

blockbuy

I remember that very well.

[easykill] 27/11/2002 11:59

oaklandsway

come on some 12 months ago Danka had virtually no fundamentals. massive debt and just promises of a turnoaround. At that time you were predicting $10 and $7 when the balance sheet was sick. People are now seeing through your changing stance on reasoning which could have been as valid 12 months ago but you decided to ignore them but for some reason you are now pushing the same reasons as now being important to consider. Sorry, oaklandsway I am also seeing your predictions and analysis as futile and almost pointless, as going by your predictions/analysis in the past few weeks one should take your comments with a massive pinch of salt.

[oaklandsway] 27/11/2002 11:47

I did not need others to backup but ff is the best person who understands my view & he wants to put it in his mind, IMHO.

The fundamentals were good in the beginning (such as EBITDA was steady at $30M-ish, the NAV was up every Q, the absolute SG&A or relative to the revenue was down, the profit margin was up, the oracle was reported as economical & ready this autumn, etc.). If those parameters of fundamentals can keep improving as expected then I would believe the test at £1 is not impossible.

However, we saw that Q4 was not good enough (I reduced my price target & called the fair value was $3.40). The Q1 was not that good & the company seemed to be deteriorating (although no formal statement) but insiders/institutions might have known before us. The fact, Q2 was worst than I (and some people) expected for turnaround such as:
1. EBITDA declined
2. The NAV was down
3. The SG&A was up relative to revenue
4. Delay in oracle to next summer & need $15m extra

Now, I come to conclusion that in order to get back on recovery scenario Danka must increase the revenue steadily because the decrease in SG&A relative to revenue can't no longer be expected (I might be wrong here because my data was only based on Q2).

Anyway Q3 should be better than Q2, but I predict the price at $4+ have factored this expectation. I wish I am wrong so Danky can break through $20 in January 2003.

[easykill] 27/11/2002 11:09

oaklandsway

"please ask ff who can understand that I am still consistent with fundamentals to assess fair price for Danky"

why do you need others to backup your stance. Your posts speaks volumes as to your changing swaying (bull/bear) stance.

As i was saying, what fundamentals were you using when you were predicting $7 and $10 at the begining of the year when no real fundamentals existed.. Now you find $4 hard to justify on fundamentals.

Not arguing on your stance, thats your choice, but highlighting your swaying views and comments.

[oaklandsway] 27/11/2002 11:05

Toner,
People may call you RAMPER if you can't show us the fact that EUP have no debt but cash of £10m in the bank instead. You also do not deserve to call me NOB as I have given hard evidence about the £7M debt & even overdraft.

Why EUP had to pay interest of £34,000 (stated in the latest result) & took overdraft? They used to receive £37K - £40K in previous year.


toner - 27 Nov'02 - 09:52 - 10686 of 10688


Oaky-cokey

EUP does not have any debt they have 10 million in the bank

you NOB!!!!!!!!!!!!!!!!!!!!!!!!


oaklandsway - 27 Nov'02 - 10:09 - 10688 of 10689 edit

toner,
I got my data on EUP from these links. My talk is based on data (fact), please let me know if you have better data.




Until 31 March 2002
Bank Overdraft (382) K
Current Liabilities (7,016) K




Net Debt 7m

[blockbuy] 27/11/2002 11:00

Morning all....

1.5504

dollar strengthens.....keeps the price up.....

[oaklandsway] 27/11/2002 10:09

toner,
I got my data on EUP from these links. My talk is based on data (fact), please let me know if you have better data.




Until 31 March 2002
Bank Overdraft (382) K
Current Liabilities (7,016) K




Net Debt 7m

[oaklandsway] 27/11/2002 09:58

EK,
I am very happy to take criticism but please ask ff who can understand that I am still consistent with fundamentals to assess fair price for Danky.

[toner] 27/11/2002 09:52

Oaky-cokey

EUP does not have any debt they have 10 million in the bank

you NOB!!!!!!!!!!!!!!!!!!!!!!!!

[easykill] 27/11/2002 09:50

we also here to be critical of posters who speak with forked tongues. As Phook says, you come out with a lot of contradictions. The same aruguments you have used against danka now could have been used against danka a couple of months ago when you were setting targets of $7 and $10 but obviously you didnt. If you are not prepared to to accept critcism you shouldnt be posting, people arent here simply to pat you on the back and say 'well done'. When you post on here, you should be preapred to take the slack as well as the praise.

[oaklandsway] 27/11/2002 09:45

EK & Max,
Please read again all my post to find that I had changed my position from LONG to TRADE since Danky broke down at the support of $3.40 after Q4 (final) results in May 2002. Then we saw that Q1 was not that favourable for LONG so I said to myself & jag in this board & yahoo to wait until Q2 & Q3. Now we know that the turnaround progress is not pretty smooth as we (I and some people including ff) expected.

Please find the word of "rollercoaster" in the header above as well. The price has been moving like rollercoaster caused by slower turnaround (for Danka, US corporate & economy). FF suggested that "we" have to follow chart to optimise profit, which encouraged me to create my own chart & exchange the idea here. My chart uses a lot of IFs and put fundamentals as the main parameter (please ask FF who understands the substance of my view).

Anyway, it's not only me who talk about pullback & the need of active trading to follow sentiment of the market. You can read other posts from LONGS like "chemist, bullrally and sophie" who are now expecting Danky to retrace to $3.60-ish, which is fair enough.

Anyway, there is always rumours, risk & rollercoaster in stock investment and now we heard rumour about replacement of Lang in 2003 which could create another rollercoaster.

Repeating my post last night, I believe that the price at $4 or above actually have factored extreme potential profit (such as 40c EPS), which means investors should be very cautious when the price starts to break through $4 without good news to support. I was very cautious and even Sophie implies that she/he wanted to see IKN jump to $14 before realistically pushing Danky up to $7.

I will watch $4.10 or $3.40 but won't mind if Danky can break through $7 and then $20 (This should not stop us to discuss the trading pattern at much lower price).

We are here to discuss & agree with hasin: "Well do your own research and make your own decisions buy low sell high and burn your fingers less on this planet".

[panagos] 27/11/2002 09:15

Following dnk almost every day for circa. a year, i can say that if it was about to go down it would go down much faster. This is just a breather IMHO,DYOR.