Danakali Share Discussion Threads

[chancer6] 04/2/2008 16:00

Should have held on imo.

[[e-mail]] 04/2/2008 15:52

sold today made a few hundred and happy

[chancer6] 04/2/2008 13:21

4.0-4.50p, L2 is 2 v 1. Get direction from what happens on the OTC Exchange later. Then ofcourse see what happens when Q3 Results are out tomorrow.

[chancer6] 04/2/2008 11:31

The 245K buy was deleted and 222,222 trade put through at 4.50p..the below trade reported at 3.75p is a buy from friday morning.

1-Feb-0808:40:41 3.75 132,470Sell* 4.004.70 £4,968 Trade Type:
Historical (date is not today)
Late reported

1-Feb-0814:47:15 4.50 222,222Buy* 4.004.70 £10,000 Trade Type:
Delayed publication
Historical (date is not today)
Late reported

1-Feb-0814:47:21 4.50- 245,395Buy* 4.004.70 £-11.04k

[chancer6] 04/2/2008 10:40

Delayed buy just reported for 222,222 shares at 4.50p from friday afternoon at 14:47. Shortly after the 245K buy went through at the same price which was reported.

[chancer6] 04/2/2008 08:54

Good start today...L2 is v.positive at 3 v 1....will be keen to see if more large buys appear again today...some buys on PLUS:

04/02/2008 08:29:53 4.65 21,007 O 975.99
04/02/2008 08:24:18 4.59 4,249 O 195.03
04/02/2008 08:13:47 4.59 7,783 O 357.24

[dell314] 04/2/2008 07:44

Chancer - I do love the complete twaddle you post. Do you even take yourself seriously?

Returning to reality, the only reason that DNK isn't bankrupt now is the term on the debt.

On the last balance sheet, the bottom line was minus $431mln(and the debt is increasing daily). i.e. Its debt was larger than its assets by $431mln!!

Have you worked out the margin they'd need to even cover the finance charges?

Do you know why the balance sheet mentions "restricted cash"?
It's because the company is in such a mess that proceeds of asset sales were ringfenced for the benefit of creditors, so those funds were/are not available to the business.

How can this company pay off such massive debt through such a poorly performing business? Surely the only solution will be further asset sales with the proceeds ringfenced for creditors and/or a debt for equity.

Can anyone present a case that attributes any value to the equity as the shares would appear to be effectively worthless and are simply responding to trading games.

All IMHO, DYOR etc.

Rgds
dell

[chancer6] 02/2/2008 21:30

Can also see how the Kodak agreement in November will also have a positive impact on Danka's earnings from Q4. Kodak's imaging business in on the up, Kodak also came out with their results on Wednesday.

Significant revenues from Document Imaging Products and positive statements going forward.

[chancer6] 02/2/2008 20:45

Can see why Mr A.D. Frazier stated in the Interims in November that the forthcoming agreement to be announced with Konica Minolta could favourably impact the business by the fourth quarter. Konica came out with Q3 Results on the 31st of Jan...ironic that the share price of Danka started rising from Thursday (same date).

Very positive statement and good numbers were announced on the multi-functional products (MFPs) that are going to be marketed in select Danka markets from early 2008.

Pages 2 & 3.

[8trader] 02/2/2008 18:52

Danka 15.8 mil market cap, loses millions and heavily indebted.
Amu.. 11.6 mil market cap, profits of 5.6 mil for 2007 and no debt.

I cant believe so many people chase this stock up especially when it's
obvious it's a pump and dump with a certain person using multiple usernames.

[traidemark] 02/2/2008 18:49

double top has formed on the chart , last happened in jan 07 , then look,

price fell through the floor, and will do again.

[chancer6] 01/2/2008 21:20

Closed Up 33.33% on the OTC Exchange on strong volume. Equates to our price of 4.10p (0.32 / 4 / 1.96)...so sort of same close as our mid-price of 4.25p. Good to see that the price here is taking the lead.

$ 0.32 0.08 (+33.33%) Volume: 387.27 k



Should be above 5p come Monday morning then can go onto rocket from there if larger buys continue coming through like today and additionally the market makers continue holding back stock. The way the price has fallen from 10p and even before that from the 20p levels means there is just no resistance until 14.30p (source: Investtech).

[chancer6] 01/2/2008 20:49

Thanks for that info, confirms what I wrote earlier! Will be keen to see if buys like the 245K buy at 4.50p appear on Monday. Only Goldman Sachs holds around 10 million shares so are holding back a lot of stock!

[strongbuy] 01/2/2008 20:10

Still not able to buy any decent size.

Tried to get 250k today but was told there was NO CHANCE, what a sickner!

Managed to get 25k anyway.

[chancer6] 01/2/2008 17:42

Up 45.83% now...something definitely brewing there...

$ 0.35 0.11 (+45.83%) Volume: 270.01 k

[chancer6] 01/2/2008 17:40

Up 41.67% now on the OTC Exchange:

$ 0.34 0.10 (+41.67%) Volume: 266.01 k

[chancer6] 01/2/2008 17:20

My view on next week's Q3 Results:

I've said numerous times that the falls only occurred from 10p because the ADR's were getting de-listed from the NASDAQ exchange and the price had to be correlated to the price over there. Those forced sellers on the ADR's have now started buying the ADR's again and some people here have started taking sizeable positions in advance hence the rise thus far. I expect the Q3 results to be at worse satisfactory and that should still provide a re-rating from these levels. I expect to see a positive statement at the very least on going forward as the company has already said that the Konica Minolta & Kodak distribution agreements announced last November will start having a positive impact on earnings from Q4.

[chancer6] 01/2/2008 17:08

They've just started charging a premium for stock on the OTC Exchange as well at 0.35 cents...volume at 212K already and still up by 33%!

[chancer6] 01/2/2008 16:31

Up 33% on the OTC Exchange now on strong volume.

$ 0.32 0.08 (+33.33%) Volume: 163.21 k

[chancer6] 01/2/2008 16:16

KBC and EVO now on 4.60p.

[chancer6] 01/2/2008 16:14

KBC on 4.50p now, EVO on 4.60p, JEFF on 4.65p and WINS on 4.75p.

[chancer6] 01/2/2008 16:13

All MMs moved up!

[chancer6] 01/2/2008 16:13

Another trade on PLUS: no sellers around even at 4p...can't be after seeing the 245k buy pop through at 4.50p.

01/02/2008 16:11:20 4.25 23,529 O 999.28