Danakali Share Discussion Threads

[piedpiper2] 20/2/2008 15:52

What is going on Chancer. Is it time to get out ?

[chancer6] 20/2/2008 08:56

Just 1 trade on PLUS:

20/02/2008 08:09:10 5.46 18,041 O 985.04

[chancer6] 20/2/2008 08:51

Pre-market mark-up today....3 on the bid and just 1 on the 5.50p offer.

[chancer6] 19/2/2008 21:57

Very whacky movement on the OTC Exchange....pre-market mark down to 0.38-0.40p then a 50,000 buy (equivalent to 200,000 shares here) was put through at 0.40p and showed up immediately but a 200,000 buy (equivalent to 800,000 shares here) at the same price was put through before that but didn't shown until half-way through the trading session when the price spiked up to 0.47 cents (year high) and then finished down again at 0.38-0.40cents. The 200,000 trade lifted the price to 0.40-0.47cents from 0.38-0.40cents after it showed up (and the spike) but some very small profit taking after that and the price closing at 0.38-0.40cents, equivalent to our close!

[piedpiper2] 19/2/2008 21:51

Zagrem, hope I am. Many thanks Chancer.

[zagrem] 19/2/2008 19:40

Pied piper you're wrong ;)

[chancer6] 19/2/2008 19:37

It has not been 0.40 to sell when the markets opened, initially mark down as it seems someone's in the market buying a big quantity at a fixed price...wait for the SEC filing RNS. Geng suggested that Ironwood would be buying more.

[chancer6] 19/2/2008 19:35

There was the screen spread of 0.34-0.47p but the real price was 0.38-0.40p at the time of the trade and is right now again. You can see that from the trades around that time. All trades on ALL stocks are classified in the buy/sell column and because 0.40p is less that the price of 0.34-0.47p, it got classified in the sell column on that link!

[piedpiper2] 19/2/2008 19:22

Still not convinced those .4 trades are buys Chancer. Got a feeling that .38/.39/.40 are sells and .45 + are buys!

[chancer6] 19/2/2008 18:51

Re:long term incentive plan announced yesterday..from Danka's SEC filing:

I. PURPOSE

The purpose of the Plan is to enable the Company to motivate and retain Executive and incent the best possible performance on attainment of the Company's Annual Operating Income Targets; to further the attainment of long term goals and business strategies; and to provide consistency in and alignment with the Company's approach to performance-based pay and overall executive compensation strategy.

[chancer6] 19/2/2008 18:28

Found it 200,000 trade at 0.40 cents....when it was 0.40 cents to buy and 0.38 cents to sell just after the open and before the 50,000 trade...very large buy equivalent to 800,000 shares here.

Price now is 0.40 cents to sell and 0.44 cents to buy...unchanged for the day.

[chancer6] 19/2/2008 18:13

Me reckons some more 50K block ADR buys went through to produce the spike to 0.47 cents...very naughty as well and not showing the trades but can see the discrepancy when you look at the actual volume total against the trades:

$ 0.40 -0.02 (-4.76%) Volume: 291.21 k 12:53 EST 19-Feb-2008

0.40 5000 OBB 12:53:26
0.40 3000 OBB 12:37:08
0.443 3000 OBB 12:36:20
0.47 3000 OBB 12:36:20
0.39 170 OBB 12:25:19
0.38 664 OBB 12:08:38
0.38 5000 OBB 11:45:57
0.40 1000 OBB 11:45:57
0.40 120 OBB 11:32:28
0.40 1170 OBB 11:20:45
0.40 500 OBB 10:51:13
0.40 800 OBB 10:29:14
0.40 230 OBB 10:29:12
0.40 800 OBB 10:29:12
0.38 1500 OBB 10:21:40
0.40 1500 OBB 10:21:03
0.40 50000 OBB 10:21:01
0.38 2300 OBB 10:20:54
0.38 3300 OBB 10:20:44
0.38 5000 OBB 10:20:02
0.38 1000 OBB 10:17:54
0.38 1000 OBB 10:05:20
0.39 950 OBB 10:05:20
0.41 100 OBB 09:30:01

[chancer6] 19/2/2008 17:53

Something brewing on the OTC Exchange...the below buys just went through at a 0.07 cents premium, the 0.47 cents trades:

0.40 3000 OBB 12:37:08
0.47 3000 OBB 12:36:54
0.443 3000 OBB 12:36:20
0.47 3000 OBB 12:36:20

[chancer6] 19/2/2008 17:38

Course its worth a strong punt and has been since the 2p days when dell314 was at it day & night with his hardcore deramping.

300K in sells taken today on PLUS - profit takers after the 100% rise and again as always any sells less than the size of buys by a mile. Not even one sell of 50K or more whereas had a 60K buyer this morning who had to pay a premium at 5.92p. Numerous 100-200K block buys at this level as well over the last week or so and easy pickings today for the marker makers. The 50,000 ADR's buy at 0.40 cents on the OTC Exchange is significant - again highest size trade there this year and in line with over there as well that size of buys greater than any sells. Mr Frazier is well and truly turning the ship around and look forward to more positives from the company in the future.

[nickward] 19/2/2008 17:10

I sold this for over 50p a few years back and made a profit, there seems to have been a bit of a tradjedy since I was last here. Does anyone think this is worth a punt or is it dead in the water?

[chancer6] 19/2/2008 16:09

dell314 - 19 Feb'08 - 16:03 - 2170 of 2170 (Filtered) - coward and big one at that. Disappeared on the blue days!

[dell314] 19/2/2008 16:03

Chancer - This company has net liabilities of over $400mln, so the equity is effectively worthless. There is currently no value in the shares other than as a trading medium, unless ADFrazier can do a compomise deal with debt holders.
I noted that his bonuses are linked to operating figures before finance charges. I wonder why? LOL!!

Rgds
dell

All IMHO, DYOR etc.

P.S. I think the guys you talked into buying PARO at 0.4p and 0.5p are hoping you'll drop by to explain why you disappeared now the share price is below 0.1p to sell....

[chancer6] 19/2/2008 15:57

yes piedipeper2...can be seen better on the OTC link:

type in DANKY

[chancer6] 19/2/2008 15:57

bell boy coward is back finally, LOL stalker.....good for you....shame on you for getting people to sell at 2p...where next???? smilerdell314 alias and on the US chat boards.

[piedpiper2] 19/2/2008 15:56

Are the .4 trades buys then Chancer as they are showing as sells on ADVFN ?

[dell314] 19/2/2008 15:56

Chancer - Do you actually have any idea what the latest RNS actually means?

Allow me to help: The "6.5% senior convertible participating shares of $1.00" happen to be $1000 debt instruments, so the issue of 5,900 new participating shares increase DNK's debt mountain by another $5.9mln. Great news, eh??

Rgds
dell

All IMHO, DYOR etc.


"Danka Business Systems PLC announced that it has today issued an aggregate of 5,900 new 6.5% senior convertible participating shares of $1.00 each to the existing participating shareholders of the Company in satisfaction of the payment-in-kind dividend due on Danka's participating shares for the period ended 14 February 2008".

[chancer6] 19/2/2008 15:45

Buy gone through on OTC Exchange: equivalent to 200,000 shares here...v.likely to be a US instituition purchase.

0.40 50000 OBB 10:21:01

[chancer6] 19/2/2008 15:04

RNS Number:3038O
Danka Business Systems PLC
19 February 2008


For immediate release 19 February 2008


DANKA BUSINESS SYSTEMS PLC
("Danka" or the "Company")

DANKA ANNOUNCES ISSUANCE OF PARTICIPATING SHARES


Danka Business Systems PLC announced that it has today issued an aggregate of
5,900 new 6.5% senior convertible participating shares of $1.00 each to the
existing participating shareholders of the Company in satisfaction of the
payment-in-kind dividend due on Danka's participating shares for the period
ended 14 February 2008.

- ends -

Enquiries:
Danka Business Systems PLC 001 727-622-4745
Jean Dinovo Johnson 001 727-622-2165
Dee McKinney

Weber Shandwick Financial 020 7067 0700
Georgia Dempsey


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All hands to the deck imo.

[zagrem] 19/2/2008 12:03

Comforting to know for someone just beginning to build a stake. Don't really think this is going to rapidly gain unlike some. But expect steady progress and i'll be happy to keep buying if it starts to move for me. Wait and see, i'll have more patience than most i'd wager, who are here short term.

[chancer6] 19/2/2008 11:55

Well done if that's you again...I'm always enthusiastic on all my threads...though don't put all my eggs in one basket....held DNk since December and classic recovery situation so will hold on for the next few months even though it was tempting to bank a 100% gain...too many 100-200K buys have gone through last week at 5.50-6.00p. Still not seen a 100K sell since well before Christmas!