Danakali Share Discussion Threads

[yellow_snow] 31/8/2005 16:07

Rab - we do at least have the advantage of being in trading hours here when the results come out. Given the reaction to the last set I'm willing to hold for another couple of months to see what sort of kick another small step in the right direction might bring.
Don't know where the drop in the states will end, I'd imagine there'll be support at $2 and $1.80 but who knows with Danka.

[rabbrooks] 31/8/2005 15:47

Y S.> D.D.> Unfortunately Biswell is looking as being the more accurate. That's life . I have previously posted that the U.K.shareholders are of little consequence as numerically we are just a nuisance. There is little point in DNK keeping a London quote so the USA situation dictates eveything in the share price and future of the co.If I got near to a get out price I would sell in a minute, but it looks as though I will have to grin and bear a loss.

[yellow_snow] 29/8/2005 20:10

Behold the great Biswell has spoken. For anyone not acquainted with Biswell he gets his kicks posting negative phlegm on multiple treads, mostly just before they jump up so I'm taking this as a positive.

[konkorde] 24/8/2005 10:21

YS, just read the analysis and am none the wiser. just starting all this. when are the next set of results?

[yellow_snow] 24/8/2005 10:11

In the short term I think $3 is as likely as $1.80 with the volatility we've seen but I expect to be significantly higher than $2.30 before the next set of results.
I'll be taking profits in the 40-45p range (should we get there in the medium term).

[miata] 24/8/2005 10:00

Danky Candlestick analysis: White Opening Marubozu.

(Basically a weak "possibility of reversal signal")

[yellow_snow] 23/8/2005 17:13

Nice bounce in the states to 2.30 so far, didn't make it to 30 p on the ask so sadly I didn't top up. In the absence of any other news I wonder can it get past $3 before the next results? Depends on how deep the institutional pockets are and to what extent the stock has been loaned out on shorts but it should get shaken out in the next week or two.

[barnetpeter] 22/8/2005 22:49

Hold on - I am not deramping and still think Danka is the type of stock that can and will do very well over the next six months / year. But in the short-term, it is likely to fall back on US weakness. Therefore, I suggest those who were asking here await until it moves back to the support levels to add. It HAS had a good run and now needs a rest. Incidentally, AHT did exactly the same - have a look at that chart. It is now over the 100p level that I suggested as a target 2 years ago and I maintain this will get there too.

[day_dreamer] 22/8/2005 22:45

It's just too easy to spot at times when a poster has sold out
of a stock !
You would not talk of 20p in a stock that is still above 30p mid
if you still held it...defeats the object !

Dont do yourself any favours at all BP !

Gravy

[willjam] 22/8/2005 22:31

I agree totally with day_dreamer

Some posters are just wasting everybodies time and have either no idea of what they are talking about or are just fools

barnetpeter is a prime example makes a dramatic announcement that they are worth 100p and then when they fall resorts to gibberish and pathetic street talk

Please go away

[day_dreamer] 22/8/2005 20:37

I dont understand the urge of some posters who feel the need
to deramp once they have sold, can they not just go in silence.

From this : barnetpeter - 17 Aug'05 - 18:24 - 76 of 86


100p is my target for danka and I see it within 6 months. Do not sell these cheap!

To this :barnetpeter - 22 Aug'05 - 20:33 - 86 of 86


Danka, it tanka in the yanka. OK I get me coat.

No idea - just hot money leaving this stock. Back to support at 20p is a real possibility now.

[barnetpeter] 22/8/2005 20:33

Danka, it tanka in the yanka. OK I get me coat.

No idea - just hot money leaving this stock. Back to support at 20p is a real possibility now.

[snod grass] 22/8/2005 18:56

The Problem with Danka when it moves up its fast, but when it goes down it drops like a stone.

We've been here before, but why? The share price has dropped by over 20% over two days. There has to be a reason and I don't think we will find out till it's to late. The shareholders will be the last to know, but nothing falls as fast as this for no reason. A blip is 5% or 6% over a few days not 20%.

20% is something going down.

But what?

Can some one tell me if they are once more jumping ship in the US, anyone know the reason for his fall?

Many thanks

[snod grass] 22/8/2005 18:56

The Problem with Danka when it moves up its fast, but when it goes down it drops like a stone.

We've been here before, but why? The share price has dropped by over 20% over two days. There has to be a reason and I don't think we will find out till it's to late. The shareholders will be the last to know, but nothing falls as fast as this for no reason. A blip is 5% or 6% over a few days not 20%.

20% is something going down.

But what?

Can some one tell me if they are once more jumping ship in the US, anyone know the reason for his fall?

Many thanks

[zedder] 22/8/2005 16:40

chicogabb,
1 DANKY ADR in the states is the equivalent of 4 UK DNK shares. So take US price, divide by 4, and then divide by the exchange rate. Would currently give 30.4p (at $2.18 mid in US and $1.79 XR)

[barnetpeter] 22/8/2005 16:17

Only down 0.1 in US but 15% in UK with big spread too. Might get these at 25p if you wait.

[yellow_snow] 22/8/2005 16:13

Should have kept my fingers off the keyboard, below 2.20 in the states now. Might top up if the offer gets below 30 p again.

[yellow_snow] 22/8/2005 16:05

And down and down and down. Really is a basket case, but for the medium to long term happy to hold as I think it'll eventually creep up over 40 p before the next set of results. I think most of the significant rise had already happened when the street rec came out but with a smaller number of outstanding shares in the states than usual its flagged opportunities for traders on either side. If there is any hope of a takeover I'd expect the interested parties to show soon given the potential of a strong recovery as revenue stabilises. Its a very long shot though since the potential bidders presumably have their own worries to deal with, the only plus being the value of the operating loss carry-forward, which in theory could make them attractive to the right predator.

[chicogabb] 22/8/2005 16:00

hello - could someone possibly explain to me why there is the difference between us and uk stock?

IE, this does not make sense to me!

2.64 close in US on Friday at 1.814 $/£ exchange rate converts to 36.4p.

obviously a straight forward answer, but not sure what it is!

cheers!

[miata] 20/8/2005 15:38

The latest leg-up of about 3p from the 11th August, came from Danka being selected by 'The Street' as one of stocks most likely to double in the next year. Obviously this led to a surge in interest in the stock.

"So, which companies might double in the next 12 months? I screened for stocks that are at least 50% lower than their five-year high but are up 25% from their lows, have seen increasing trading volume, trade at a low multiple of sales, have the right type of institutional owners and are in a sector on the upswing. One that looks promising is Danka Business Systems, which leases and distributes business machines. It has a $150 million market cap and a price-to-sales multiple of 0.12, and it trades at $2.37.
It's down from a one-year high of $4.15, and its most recent earnings report, posted last week, showed that a recent restructuring had led to an improvement in margins and revenue growth and a reduction in expenses. The stock traded at $4.75 as recently as April 2004, and if the resurrection effort continues on its current path, along with a global economic recovery, Danka can get back there again."

[zedder] 19/8/2005 23:31

Took a pasting in the US today. Down to $2.38, so about 32.7p mid-price.