Danakali Share Discussion Threads

[oaklandsway] 16/1/2002 18:53

$2 will be a "real test" indeed but "PRU selling 2.6 M" had made a big question for me.

[serious punter] 16/1/2002 18:15

oaklandsway - Your post 99

Currently trading: DANKY Nasdaq-SCM $ 1.67 0.20 13.61% 791,800

By implication you are anticipating an acceleration to DANKY above what is being experienced today??? Perhaps $2 US is not too unrealistic short term.

[oaklandsway] 16/1/2002 18:10

I can see from trading in the us that until now there is NO SIGN of breakdown, meaning that I won't sell mine for under 27p as I have suggested not to sell under 23p before and had been proven that there was only little chance to buy back under 23p.

Yesterday & today are not rallying but still part of accumulation, which is good because US trading could try to rally tomorrow or Friday. IMO, DYOR, etc.

[serious punter] 16/1/2002 17:59

If this ends on such a high on the Nas & TO >1m, I would imagine DNK will open at a premium tomorrow.

[ejplynch] 16/1/2002 17:54

up to $1.70 on 770,000 shares on nas. dow and nas both down

[serious punter] 16/1/2002 16:35

Its rocketing on the Nas and volumes good - now :

DANKY Nasdaq-SCM $ 1.65 0.18 12.24% 474,600

I believe this equates to 27.5p

[serious punter] 16/1/2002 16:06

Looking good on the Nas up 11c so far and volume's better than yesterday at the same time

DANKY Nasdaq-SCM $ 1.58 0.11 7.48% 315,100

[forfaiter] 16/1/2002 14:24

I agree....the share is a good buy from a technical and fundamental view point.

IMHO

[oaklandsway] 16/1/2002 14:22

IMO, Investtech should exclude data of stock price knocked by september 11 event. Anyway, DANKY went down straight from $4 to $0.3 because of debt & management problems. People thought that they are in better fundamentals than even last July 2000 (but need data to prove) so if market value its business to $4 again then we should be lucky to have it at current price.

That's the way I read the chart.

[serious punter] 16/1/2002 14:12

forfaiter

The 'Buy & comments' were copied from Investtech only. Not my personal opinion. I agree there are other indicators which can be found via stockwatch.com. It's still looking encouraging.

[forfaiter] 16/1/2002 14:05

SP,

Sure but the US share leads the way and has higher volumes than the UK.

I also use other indicators such as bollinger bands etc and the increased activity in the US gives earlier signals.

Investtech is good for confirming a trend but is slow to predict a change of trend

Finally the UK MM deter trading by adopting a prohibitive spread to smooth out the US volatility.

IMHO

[oaklandsway] 16/1/2002 11:57

Lets hope the volume can pick up but it's fine if today will be just another accumulation.

[serious punter] 16/1/2002 11:13

forfaiter

Chart for US



Chart for UK




Investtech.com Analyses DANKA BUSINESS ORD 1.25P

Buy candidate (15 Jan 2002) [Auto] Help
Has risen 246% since the bottom on 28 Dec 2000 at 6.50. Is within a rising trend, which indicates a continued growth. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock further in the short term. The average difference between the highest and lowest price of the month is 53%. The risk is therefore high.

[forfaiter] 16/1/2002 11:03

The US chart is showing a nice pennant formation after retracing to the 62% (1.28c)fibonacci level where it found strong support.

As the pennant usually marks the half way point of a sharp move it should move to the 2.25-2.50 (34-40) sooner rather than later.

There is not much resistence on the chart until the 80-90p level.

The breakout was on significant volumes after a long period of accumulation.A good set of results should maintain the momentum to this level over the short/medium term.

Good luck....

[serious punter] 16/1/2002 10:08

m32dig

Your post 86 - What's that supposed to mean??

[m2dig] 16/1/2002 10:00

Dan Doyle 1977 Tampa USA

[oaklandsway] 16/1/2002 09:45

sp, maket cap & price per share will trigger DANKY to get back fully listed (not in small cap). I am not sure $5 a share is enough to get re-listed?


m2dig, are you new with danka? Please open:

In 1986, the Company was purchased by a British holding company and ordinary shares of Danka stock began trading on the London Stock Exchange. By 1992, Danka was the second largest independent supplier of office equipment in the United States. The Company's stock began trading as American Depository Receipts on the NASDAQ that same year.

[m2dig] 16/1/2002 09:23

Be advised oakland does not know what he is talking about,DNK will be very very good,DNK is an USA company.

[serious punter] 16/1/2002 08:49

oaklandsway

What will trigger DNK being re-listed please.

Thanx in anticipation

[oaklandsway] 16/1/2002 08:45

We should hear positive comment from British press to revise "avoid" suggestion about a year ago when re-fi was about to be made. However, it might be better if they can start their tips when Danky be re-listed in full NASD market as press here will be proud of it because Danka is a British company.

Anyway, very soon or later I believe DANKY will stay above $2 and should report another "growth", in which I think our newspapers will present this kind of data and will be analysed in further detail.

Lets hope for the best.

[ejplynch] 16/1/2002 08:11

hold tight - 200,000 traded within first 5 mins of opening. up 2p already after strong run on nas yesterday.

[oaklandsway] 16/1/2002 00:53

cash is king, in & out nicely today on moni, twt, ...
watch danka trading in usa; if can't go under $1.20 then this will be good before earning.

[oaklandsway] 15/1/2002 19:37

And broke $1.499 = $1.50 when traded volume was 478,800 shares. People talked about breaking $2 this week, but that's not my idea since I try to predict based on data...

[oaklandsway] 15/1/2002 18:39

Just repeat my statements above:

this is what i guess: if volume of trading today can go up again to 0.5M in which more buy then the price could go up to $1.50 or around 25p that what i see from indication of trading in usa yesterday & this morning . i could be wrong though, imo, dyor, etc.


412,700 SHARES TRADED AND DANKY IS AT $1.49 NOW. Looks like "good guess" but not sure at what point will stay.

[itstelboy] 15/1/2002 18:04

Hotting up nicely stateside $1-47 (25p) don't you just love it!!

Good luck Y'all.