Danakali Share Discussion Threads

[forfaiter] 07/2/2002 18:24

Picaroon,

I suggest you research into the exchange of the 6.75% converible sub notes which was part of the 3 part refi plan which reduced the total debt to about £250m.

The company has since reduced this figure to £229m....reducing the debt by £19m in the last quarter alone.


This was achieved by the company generating £9.2m of free cash flow in Q3 which is the figure after interest,tax and capital expenditure.

Cash flow is the safest way to guage a companies progress as it is the hardest to manipulate.The figure was negative in Q2..


This figure is set to increase as the company continues to recover and further reduce its debt/costs and increase its ebitda/revenue percentage....at this rate it won't be long before the annulised free cash flow is above its market cap......

Overvalued ?....yeah right

[cinoib] 07/2/2002 18:18

Picaroon,
Which Packy bus did you get of. Dnk has a P.E. of 1, yes 1 how low do you want it.Do us all a favour and take your thoughts elsewhere.

[itstelboy] 07/2/2002 18:11

US coming back up now -2c at $2-40

[rmitk] 07/2/2002 17:03

US currently down by just over 5%.

[357aman] 07/2/2002 16:53

Picaroon, if you want cheap shares you can buy QXL!!!good luck and thanks
DNK is a different animal refer to Q3 results!!!

[picaroon] 07/2/2002 16:41

$2.25/9 last trade $2.26

[357aman] 07/2/2002 16:38

Can someone update me with the US price please?

[picaroon] 07/2/2002 16:37

What a lot of fantasy there is on this board!

This is a company with a negative net worth of £142 million. It is operating in a declining market. Any available cash has to go to repay the banks (£218 million) or the 6.5% convertible participating shareholders (£167 million). It has stated that it will not pay a dividend in the foreseeable future.

The share price needs to fall substantially from here to get back to reality.

[dsmith626] 07/2/2002 16:30

Almost back to what I paid for them. Knew I should have sold at the high yesterday. When will I ever learn? ho hum!

[357aman] 07/2/2002 16:20

Refere to Fotheringham post. 38-49 is the testing ground. We had
two days of - and now I think we will try upwards. Its just my
personal opinion!!

[erdmanski] 07/2/2002 16:19

Redman2 -

Check out PHTM, might go 40p+ on bid approach rumours. Substantially more
upside than downside. Looking solid today, Friday.

If bid comes in around 50p you'll be in the money.

[bigpat] 07/2/2002 16:16

what makes u say that any news coming?

[357aman] 07/2/2002 16:15

I think there is a big possibility that tommorow DNK gain up to 15% all
depends on Nasdaq.

[rifraf1] 07/2/2002 16:05

rember danka was 53p to sell JAN 25 MM just waiting for T teners and people with out any bottle to clear. if it can reach that price befor good result anoucement,it can certanily reach that after a bit off tree shaking.

[conc2] 07/2/2002 15:39

trying to trigger you stop-losses

[fotheringham] 07/2/2002 15:39

It's following DANKY it would seem. I thought it would drop today and didn't buy back in. According to my trendline a bounce at 37p/38p would give further strength to the trendline so fingers crossed it doesn't fall much further. We all know it's going up in the long run but, as others have said, establishing the short-term trading picture is useful for nice little 'in and outs'.

[rifraf1] 07/2/2002 15:38

it also is T. teners clearing. watch the price rip up after. I hear there is still a shortage off stock . Anybody know if this is true.

[redman2] 07/2/2002 15:38

I am very tempted to jump in for 40p. Surely it's a bargain price?

[bigpat] 07/2/2002 15:36

what is happening?

[nickward] 07/2/2002 15:16

Agreed, this stock seems to have atracted some real jumpy characters, the pump and dump brigade I think. They just don't realise this ain't a pump and dump stock.

[webley] 07/2/2002 15:02

These 25000 trades look like people covering their position from earlier in the day as the price has not moved as they anticipated. Just an opinion of course.

[rifraf1] 07/2/2002 14:57

to many people panic from tree shaking

[m roberts] 07/2/2002 14:30

any min now its GOING UP