Danakali Share Discussion Threads

[jagluthra] 11/2/2002 15:12

its probably picaroon,maybe he gets his fingers burnt

[jimmy28] 11/2/2002 15:10

David2000

keep up the excellent work

[pistonbroke1] 11/2/2002 15:06

with price going up in u.s. why are the sells going up here?

[webley] 11/2/2002 15:05

3 blocks of 40000 sold - must be a shorter?

Strange when faced with a rising price in US!?

[jagluthra] 11/2/2002 15:04

david2000:
i reckon you have live nasdaq quotes, how do you get them please, thanks for the updates, glad i topped up at 34p today, considering directors bought at around $2.80, like oaklandsway says hold for 3-4 mths at this price and should be doubling your money

[david2000] 11/2/2002 15:03

Up 14 % now...
Real-Time Quote
Time of last trade: 10:00:00 AM Eastern.Danka Business Systems PLC
Last 2.08 Bid 2.07
Change +0.26 Ask 2.08
Volume 267,000 Bid/Ask Size 2000.00 X 1000.00


Up 14% Now

[david2000] 11/2/2002 14:56

Name or Symbol: Print Report

--------------------------------------------------------------------------------
Certainly motoring in the US... Wish I'd topped up this AM.
Real-Time Quote
Time of last trade: 9:53:00 AM Eastern.Danka Business Systems PLC
Last 2.04 Bid 2.04
Change +0.22 Ask 2.05
Volume 238,000 Bid/Ask Size 500.00 X 1000.00

Day's High 2.04 Open 1.86
Day's Low 1.86 Close 1.82
Real-Time Intraday Chart StockScouter Rating 3

Nasdaq Small Caps

[nmurrells] 11/2/2002 14:52

LETS GO DANKA

[david2000] 11/2/2002 14:45

Good vol hit $2.00...
Name or Symbol: Print Report

--------------------------------------------------------------------------------
Real-Time Quote
Time of last trade: 9:43:00 AM Eastern.Danka Business Systems PLC
Last 2.00 Bid 1.98
Change +0.18 Ask 2.00
Volume 163,000 Bid/Ask Size 2000.00 X 7500.00

Day's High 2.00 Open 1.86
Day's Low 1.86 Close 1.82
Real-Time Intraday Chart StockScouter Rating 3

Nasdaq Small Caps

[david2000] 11/2/2002 14:42

129,000 Traded in US $1.96 up .14cents. Looks like short closing maybe..

[david2000] 11/2/2002 14:33

Just opened up....
Name or Symbol: Print Report

--------------------------------------------------------------------------------
Real-Time Quote
Time of last trade: 9:31:00 AM Eastern.Danka Business Systems PLC
Last 1.96 Bid 1.96
Change +0.14 Ask 1.98
Volume 40,200 Bid/Ask Size 800.00 X 200.00

Day's High 1.97 Open 1.86
Day's Low 1.86 Close 1.82
Real-Time Intraday Chart StockScouter Rating 3

[david2000] 11/2/2002 14:31

Pre-Market Trade Reporting
Monday February 11
Pre-Market
Last: $1.89 Pre-Market
Best Bid: N/A Pre-Market
High: $1.89
Pre-Market
Volume: 5,900 Pre-Market
Best Ask: N/A Pre-Market
Low: $1.85

Pre-Market
Time (ET) Pre-Market
Price Pre-Market
Share Volume
09.28 $ 1.89 2000
09.27 $ 1.87 500
09.27 $ 1.87 100
09.27 $ 1.87 100
09.26 $ 1.87 1000
09.19 $ 1.85 200
08.38 $ 1.86 2000

[photon] 11/2/2002 11:50

picaroon

i have not "forgotten to deduct the prior claim of the 6.5% Senior Participating shares"

i said danka has £25m of net assets: they do
i also said that the net asset position was negative over £100m a year ago - it was

the claim on the senior participating shares is clearly shown on the balance sheet

but negative Equity shareholders funds of £259m a year ago have now reduced to £141m - this is substantial progress already

danka has plenty of scope and time for restructuring its debt as long as it remains profitable

this company looked a financial basket case a year ago and the year before that but it looks in much better shape now

if they continue to remain profitable at EBITDA level - and the profitability they have achieved has been thanks to a massive improvement in the company's management - then their financial health will continue to improve

i for one am happy to see companies succeed in struggling against the odds to survive and i hope danka continue to recover

any further improvements in EBITDA profitability will see debt reduce even faster - judging by some of the comments i have seen on the US BB the sales picture is improving

photon

[jbat] 11/2/2002 11:06

Positive day on the 'daq, do you think?

[jagluthra] 11/2/2002 10:50

oaklandsway:
just came back from birmigham after 3 days and surprised to see the falls does not seem though anything has changed fundamentally about dnk,still holding 20k of dnk, what are your views of this fall,what do you think about twt, i had sold out in mid 30's last week, what do you think would be a good price to buy if at all you think it is a buy

[zulu001] 11/2/2002 09:47

When did you unload the truck?

[bristolbaz] 11/2/2002 09:01

i do feel sorry for the sellers today

[oaklandsway] 11/2/2002 08:37

ready to re-load the truck & keep for 4 months to make 100%+ profit.

[peterbb] 11/2/2002 07:55

HALLETT and forfaiter:
thanks for your explanations of the figures.
xx p

[peterbb] 11/2/2002 07:48

picaroon wrote:
: I have short positions in dud companies and long positions in great companies

Do you short _only_ duds, and long _only_ greats? If so, surely that's too restrictive, as even great companies can be overvalued, and even duds (except those definitely worth nothing) can be undervalued. Interested in your views.

xx p

[david2000] 11/2/2002 07:31

From Yahoo and Raging Bull BB's in US....
Inside Looking Out
by: j_a_walton
Long-Term Sentiment: Strong Buy 02/10/02 11:49 pm
Msg: 21294 of 21294

I happen to be a 22 year employee at Danka.
I can tell you from the front line. Everything at Danka is changing. We are geared up to meet new challenges in this fast paced ever changing Hi Tech arena. Everyone I work with is looking to the future. No dead wood around here. We got places to go and things to do. That's more than likely why you don't see to many insiders posting. Recently, a few weeks ago, our local sales team displaced close to 500 Xerox units in one major account.
I was expecting to see a P/R, I guess Danka Management has Bigger Fish to fry?
Take a few minutes to Explore Danka's new web site. You may like what you see.


Nuff said, Keep the Faith Longs, This was a post from Raging Bull kind of reflects my feelings.

By: Hawkeiz $$$$$
09 Feb 2002, 11:58 PM EST Msg. 1080 of 1093

LONGS

I have been watching this stock for a long long time and so has BRS I think it would be a good idea to listen to people who know what is going on. Anyone who sold there Danka stock at these levels did not know what they owned. It is that simple, IMO when the stock market goes into full recovery mode Danka will be at the top of the list they have done EVERYTHING they need to do to become profitable and have made a dramatic turnaround. But dont believe me or BRS get off your ### and do some research and you will like what you find, they have cut there work force, they have reorganized there entire part distribution system, they have a new Oracle system that will cut cost and improve customer satifaction, they have sold non profitable parts of the company and used the money to dramatically reduce there debt. All of this and more is all public record. IMO this is money (and alot of it) in the bank. It will take you a long time to find another comany this undervalued staring you in the face.

JMO Hawk

[forfaiter] 11/2/2002 00:57

Your analysis is assuming no further progress from the company and an absence of any good news ie contract wins etc....

The share price is supporting a market cap of £80m which is hardly demanding for a profitable company with a revenue base of £1.1b and in the early stages of a recovery cycle.

Also you are forgetting that the US market drives the share where the free float is very small and 10% of which is short.

This means any positive news could have a dramatic effect on the price and makes shorting at this level risky to say the least.

But I guess that is why you have spent the weekend posting on every bb.... both sides of the atlantic....

[picaroon] 11/2/2002 00:41

Paulg8

Yes I am saying that the rise was caused by small uninformed investors, particularly in the US.

There may be rallies in the share but the fundamentals provide no support. This share is for gamblers only.

A rise in the price depends on there being more and more punters to buy shares at ever higher prices. Eventually the supply of uninformed punters will run out.

There may be scope for the professional, but opportunities will arise from a knowledge of crowd psychology and greed and fear in the stockmarket.

[panagos] 10/2/2002 23:11

It may sound silly, but have you thought that possibly dnk shares advanced rapidly due to some podssible take-over rumours that now are history. Note that the directors said that there was no justification of the recent share rise...don,t know but it looks very volatile...I bought some at 45p a couple of weeks ago...if it keeps going 17% everyday between 15-15:30 I'll stop buying shares and go back to football bets!