Danakali Share Discussion Threads

[ambabe] 09/1/2003 14:40

HAPPY NEW YEAR GUYS. Hope you all had a great time....back to trading for the new year...have to admit to having all eggs in one basket at the moment (gmg) shall be back in shortly..hope I don't miss the boat!

Good luck and happy trading to all!

[blockbuy] 09/1/2003 14:25

Still here SP, just been busy and all this new yr.

[serious punter] 09/1/2003 07:52

Mornin All

I seem to be a lone poster recently.

Last nights' performance on the Nas was IMHO good news again. A new floor being established at $4.70. I sincerely believe we will see a push this week to $5. There was sustained selling last night, but DANKY refused to be pushed lower. After hours trades (although few) were @ $4.75. Also once again it touched $4.80, perhaps this will be tested again today. Top up time!!

Happy trading All:0)

[serious punter] 08/1/2003 07:52

Morning All

Good consolidating performance across the pond last night only 5c down, perhaps a springboard to $5

Happy trading

[l2e] 08/1/2003 07:37

just does\'nt want to stop does it?....all the best in 03

[l2e] 08/1/2003 07:36

just does'nt want to stop does it?....all the best in 03

[blockbuy] 07/1/2003 09:42

Morning....up again eh? Bucking the trend yet again.....

well done share price

[serious punter] 07/1/2003 08:00

panagos

..........You only appear when danka boils up...LOL!! ;-)

Pure co-incidence, I've been cruising for 2 weeks. As I've posted b4, I hold a chunk of DNK and trade chunks. Looking at L2 in US IMHO it will bust through $4.80 this afternoon and remain there, hopefully and realisticly settling at $4.90 ish. Understandably, there was considerable profit taking yesterday across the pond, but the MMs gave the impression that there was no way DANKY was going anywhere but north.

[panagos] 06/1/2003 21:46

SP good call..........You only appear when danka boils up...LOL!! ;-)

[serious punter] 06/1/2003 21:11

DANKY closed $4.79, up38c 1.17 mill traded - All aboard thr Danka express :0)

[serious punter] 06/1/2003 18:43

Happy New Year All

DANKY trading $4.78/4.81 as I post. Glad I sneaked in the last trade of the day

[dsmith626] 06/1/2003 18:30

A 268,000 buy after 4pm. Did the mms dip the offer to let them buy in cheap? Wish I knew what was going on here.

[dsmith626] 06/1/2003 16:23

Well this share has been at about this price for a while now, despite late buys in the UK. Any interest in the states?

[blockbuy] 06/1/2003 15:37

Cor, the xchange rate still a killer eh?

1.61xx

Makes 1.53 look like heaven now....;-)

[blockbuy] 06/1/2003 11:49

FF, do you think this will wake up the shorters as its trading higher earnings level than the average?

[kobetailovers] 06/1/2003 11:18

thanks for the bloomberg link blockbuy.kind of echoes what everyone's been saying for the past few months.still hard to believe this once traded at 848p as the story quoted.

[forfaiter] 06/1/2003 09:42

Well thats the kiss of death......the media have finally woken up to the stock after it has risen from 6p to 71p......LOL

[blockbuy] 06/1/2003 09:20

Happy New Yr all.

Front Page news Guys.

Now either there's no better news out there today or this is really worth printing.

;-)


www.bloomberg.co.uk



Top News
01/06 08:57
Danka, Top U.K. Stock in 2002, Seeks to Lift Sales (Update1)
By Claire Shoesmith


London, Jan. 6 (Bloomberg) -- Danka Business Systems Plc, the distributor of photocopiers and fax machines whose ability to cut debt and costs helped make it the U.K.'s best-performing stock in 2002, must now focus on boosting sales, analysts said.

The shares surged to 70.25 pence from 15.75p at the start of the year, topping the FTSE All-Share Index, which fell by a quarter, meaning a purchase of 100 shares for 157.5 pounds ($251.7) would have produced a profit of 545 pounds.

Danka had wracked up $1.2 billion in debt by December 1998 after the purchase of Eastman Kodak Co.'s unprofitable photocopier sales and service unit. The company cut its workforce by half to 10,870, sold properties and reduced debt by 80 percent in four years.

``It's a very good turnaround story,'' said Hector Forsythe, an analyst at Evolution Beeson Gregory, who rates the stock ``market outperform.'' ``It's a company that's really pulled itself together. There's potential to create a lot of value. The key thing they have to do now is to generate more revenue.''

Like rival Xerox Corp., which cut 1,600 jobs, it returned to profit after being hurt by a global drop in technology spending. Danka's total debt stood at $233 million at Sept. 30.

``It's the debt reduction that people have been looking at,'' Chief Financial Officer Mark Wolfinger said in an interview. ``It's been our focus and we've stuck by it.''

The London and St. Petersburg, Florida-based company, which makes 55 percent of sales in the U.S., in October said first-half profit more than doubled to 2.7 million pounds from a year earlier after it cut costs. Net debt fell by 29 percent in the half.

Lower Prices

Revenue, which fell 16 percent in the six months ended Sept. 30, has declined over the past five years as competition for copier servicing increases and rivals seek to lower prices.

Danka is suffering as companies upgrade analog equipment to multifunction digital machines that can carry out printing, scanning and copying, said Sanjay Sood, senior vice president.

Wolfinger said Danka aims to overcome this by developing a service that provides maintenance to all office equipment; creating software to help companies to economize on printing; and helping customers understand what they are spending on printing.

``Our focus has been debt reduction and cost control,'' he said. `` Now we're looking to grow the company again.''

Impressive as are the recent gains, the stock is still down from a high of 848p in May 1996. And it's now trading at 45 times earnings, compared with a European industry average of 23. The shares fell a quarter of a penny, or 0.4 percent, to 71.75p at 8:55 a.m. in London

[webley] 03/1/2003 11:00

From Citywire - EBG rating of Danka is Outperform

[newstarter] 02/1/2003 15:05

Will the financing deal make any material difference do you think ?

[dsmith626] 02/1/2003 11:57

Large end of day buys, yet price in UK not moved.

[pistonbroke1] 01/1/2003 00:54

Kobetailovers it's another large buy at the end of the session 375,000 shares. London now closed early at 12.30

Regards


Piston

[kobetailovers] 01/1/2003 00:49

just noticed a considerable spike in volume in london,from roughly 40k to over 400 k,what gives? thanks in advance from the colonies ha ha.

[blockbuy] 31/12/2002 17:58

Evening all......well some funny trading happening here. As usual watching like a hawk.

How was everyone's Christmas????

Happy New Year folks.

See you on the 2nd....

BB