Danakali Share Discussion Threads

[newstarter] 25/3/2002 16:27

Up to £3.72 on Nas real tim = £0.65 - good support

[miata] 25/3/2002 16:22

Cypress group have held their stake since November 1999.

[collier12] 25/3/2002 16:19

I'm joining the party on these. Can't see any resistance on the chart up to #2, and DNK has the fundamentals to support that sort of rise.
Here's hoping!!

[jayno] 25/3/2002 16:13

I have and I can't see anything. Not mentioned amongst the 12 institutional buyers of danky.

[psychicdoc] 25/3/2002 16:02

look in nasdaq.com

[jayno] 25/3/2002 16:00

psychicdoc

where is the information about cypress group buying in please?

jayno

[jayno] 25/3/2002 15:46

Up 8.19% in USA

[357aman] 25/3/2002 15:25

I don't even bother looking at mms games. They are followers of Nasdaq!!

[psychicdoc] 25/3/2002 15:18

and it is cypress group which has been buying recently

[psychicdoc] 25/3/2002 15:14

over 258k traded in 40 mns on the nas upto 369$ and seems to be headinfg up further will soon be marked up here for sure

[gorgeous george] 25/3/2002 15:05

Monday March 25, 9:59 am Eastern Time
Press Release
SOURCE: Danka Business Systems, PLC
Danka Announces Appointment of New Director
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 25, 2002--Danka Business Systems PLC (Nasdaq:DANKY - news) today announced the appointment of Chris Harned as a Non-Executive Director to its Board of Directors, effective immediately. Mr. Harned was appointed by the Company's Participating Shareholders to replace Anthony Tutrone, who resigned from the Board of Directors on February 25, 2002.

Mr. Harned is Managing Director of the Cypress Group L.L.C. which he joined in 2001. Prior to the Cypress Group, Mr. Harned spent 16 years at Lehman Brothers, most recently as head of Lehman's Global Consumer Products Merger and Acquisition business. Mr. Harned also served as a member of Lehman Brothers' Investment Banking Business Development Committee.

Danka Business Systems, PLC, headquartered in London, England, and St. Petersburg, Florida, is one of the world's leading providers of office imaging solutions and related services and supplies. Danka provides office imaging equipment and related services, parts and supplies to customers in 27 countries around the world. For additional information about copier, printer and other office imaging products from Danka, visit the web site at:

Certain statements contained in this press release, including statements related to Danka's future business and financial performance, are forward-looking. Such statements reflect the current views of Danka with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date they are made.

[gorgeous george] 25/3/2002 15:04

up 7% in first 30 mins. should be about 65p over here i think

[psychicdoc] 25/3/2002 14:42

heavily traded in first few mns on nas , looks like it is going to be another strong day for dnk.

[gorgeous george] 23/3/2002 19:26

as at 31/12/2001 Danka had $32M in the bank (according to the B/S).
In 9 months they reduced their bank loans, overdrafts, convertible loans etc from $500M to $210M. That's not far off fantastic.

Any doubters out there please wake up!

Looks like the next set of figures are gonna be great and these babies should continue their climb skywards.

[psychicdoc] 23/3/2002 16:42

spot on piston broke1; it should open 57p bid on mon morn here with an upward trend at close on the nas more than likely to go up on nas atleast intially on mon, imho

[psychicdoc] 23/3/2002 16:39

a few thoughts about dnk;
they are repaying 15m of notes soon where is the money coming from, earnings for quart end dec 01 were 7m are they more than double this quart,wow shudder to think what may happen to the share price if that was the case,anyhow debt is surely being reduced further, losses reported last time were from discontinued operations which is non recurring and out of the balance sheet, another positive.
now what about this increase in vol 5 wks befor results,who is doing all this buying , we do know that there has been a lot of insider buying, also dnk has 12000 employees and could it be that they are in the know and may be buying which has been suggested on some us board. imho feel we shall be testing $5 in the run upto results, price may retrace on some days but long term(12mths) this one looks a 3 -4 bagger if not more. what with the american econ forecast to grow at 3% next year and 1.4% in the secon half of this yr by the imf.
feel confident that this is a great recovery play,dyor etc

[psychicdoc] 23/3/2002 14:50

a posting from yahoo bb i took the liberty to cut on 22/3(gentleman aged 55)
by way this is jag i had to change my nickname as i upgraded on advfn

Steve, right out of the blue, you have expressed my feeling exactly. I have been
studying and investing in the market all my
life and I have reached the same conclusion.
I realize investing all funds in just one
or two stocks increases your risk. But what
do you do when you believe you have found a
a major opportunity like Danka. It was on the
verge of default, but they changed the team
and have a real turnaround in progress. Personally, I have analyzed this company using
everything I have learned by studying the Lanier Worldwide acquisition by Ricoh and other
acquisition approaches. I think it is worth
$30 ADR excluding the debt to be repaid. Why
not take the risk if you really believe the stock is that undervalued? I do.



Posted as a reply to: Msg 22444 by steve4pla
Message Thread [ View ] Profanity filter is Off [ Turn On ]

[pistonbroke1] 23/3/2002 10:22

My guess is that it will open higher Monday due to late recovery in U.S then remain fairly static until U.S. opens p.m. - Mondays are generally a fairly bullish day over there for this stock.

[smoketrader] 23/3/2002 09:18

Does anyone think these will drop any further on Monday morning? I had a limit order buy at 55p yesterday which they didn't manage to fill.

[psychicdoc] 23/3/2002 08:31

certainly recovered well on the nas to close $3.42 0nly 7c down with over 1m traded,good consolidation over $3,looking forward to some movement northwards next week edging towards $4 would be nice

[newstarter] 22/3/2002 15:28

Picking up a little state side again, had to expect profit taking and a little entrenchment before pushing to the next level - hopefully most of the fun over, and a bit more boring plodding ahead !

[357aman] 22/3/2002 14:51

Its not looking good today!!

[psychicdoc] 22/3/2002 10:59

good time to top up guys i just did at 57.5p

[357aman] 22/3/2002 09:38

Good mornning All,

I am very pleased with Danky performance at present level.
It shows stability and support. I am almost certain that northwards
trend will be maintained very soon.
Good luck to all the holders and join us if you can be a holder.
My target is $5.50 and I belive it is achiveable less than 6 months,
providing that the next set of results exeeds the market expectations.
All evidance shows that, directors have confidance to get there.

Have a lovely Eeaster.

A.E