Danakali Share Discussion Threads

[nwmadden] 19/11/2004 13:42

RNS Number:4436F
Danka Business Systems PLC
19 November 2004


For immediate release 19 November 2004

Danka Business Systems PLC
("Danka" or "the Company")

Acquisition of securities by Non-Executive Director Christopher B. Harned

Danka Business Systems PLC, a leading independent global provider of office
imaging systems and services, announces that it was informed on 18 November,
2004 that Christopher B. Harned, Non-Executive Director, made a purchase of
6,000 American Depositary Shares ("ADS's"), equivalent to 24,000 Ordinary
Shares, at a price of $3.10 per ADS, on 18 November, 2004.

Following the above acquisitions, Christopher B. Harned now holds a total of
10,000 ADS's (equivalent to 40,000 Ordinary Shares and representing 0.016% of
the current issued share capital).

- ends -

[serious punter] 16/11/2004 18:22

If Lang Lowery is reducing - Hmm

RNS Number:3145F
Danka Business Systems PLC
16 November 2004


Embargoed until 6.00pm GMT 16 November 2004

Danka Business Systems PLC
("Danka" or "the Company")

Danka announces exercise of options and sale of shares by P. Lang Lowrey III
Danka Business Systems PLC, a leading independent global provider of office
imaging systems and services, announces that P. Lang Lowrey III, Chairman, has
indicated his intention to exercise options to acquire 565,219 American
Depositary Shares ("ADS's"), equivalent to 2,260,876 Ordinary Shares, and sell
these shares on the open market. The Company also announces that on 15th
November 2004 P. Lang Lowrey III exercised options to acquire 90,219 American
Depositary Shares, equivalent to 360,876 Ordinary Shares, at a price of $0.69
per ADS, and sold these shares at a price of $3.0119 per ADS.

Following this option exercise and disposal of shares, Mr Lowrey holds a total
of 19,230 American Depositary Shares, equivalent to 76,920 Ordinary Shares and
options to acquire 909,781 American Depositary Shares, equivalent to 3,639,124
Ordinary Shares.

- ends -

Enquiries:

Danka Business Systems PLC 020 7605 0150
Paul Dumond, Company Secretary 00 1 770 280 3990
Donald W. Thurman, Investor Relations

Weber Shandwick Square Mile 020 7067 0700
Sarah MacLeod / Helen Thomas


About Danka

Danka delivers value to clients worldwide by using its expert technical and
professional services to implement effective document information solutions. As
one of the leading independent providers of enterprise imaging systems and
services, the company enables choice, convenience, and continuity. Danka's
vision is to empower customers to benefit fully from the convergence of image
and document technologies in a connected environment. This approach will
strengthen the company's client relationships and expand its strategic value.
For more information, visit Danka's web site at www.danka.com.

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.

Danka is a registered trademark and Danka @ the Desktop is a trademark of Danka
Business Systems PLC. All other trademarks are the property of their respective
owners.



This information is provided by RNS
The company news service from the London Stock Exchange

[lowtrawler] 15/11/2004 09:10

Having sold a few months ago, I continue to hold a watching brief. Recent results are disappointing and debt (including preference shares - watch out for this hidden debt, it will need to be repaid soon) is too high. By now, we should have started to see an upturn in their finances, instead they have declined. I'm staying out until I can see the long promised turnaround.

Total Assets (Excluding Intangibles) = £321m

Short-Term Liabilities = £191m

Long-Term Liabilities (Including Pref Shares) = £326m

Total Net Liabilities = £196m

In other words, before the shareholders become entitled to ANY return, DNK will need to generate £196m. Applying a P/E of 10, DNK need to make £19.6m after interest and tax each year for the shares to be worth 0p. To justify the current share price, they need to be making over £30m after interest and tax. There is no realistic prospect of them getting anywhere close to £30m in the next year.

Arguably, with new systems, new organisation structure, increased digital base etc. etc., they should be able to generate up to £50m after interest and tax. However, competition is fierce and there can be no certainty of success. When I last invested in DNK, I had not taken into account the position with preference shares (currently £167m). Hence, the profitability required to support the current share price would only have been around £14m. I was comfortable at that level and believed there were good prospects to increase profitability to at least £30m, at which level a shareprice of around £1 was realistic.

Now that I better understand the preference shares, it fundamentally alters my view on DNK as an investment. My current view of fair value (balance of risk and reward) is around 20p.

[willjam] 10/11/2004 00:40

This is a badly run company
They keep on moving the deckchairs
Achieving nothing
For the last 10 months they couldnt deliver stock or process orders in Europe as they introduced a new computer system at the same time as they relocated their premises, losing most of their staff and expertise: Very clever.

In America they are constantly changing systems, restructuring, new Computer program etc etc
I used to believe they could make it, but no longer I have sold out at 63p and might buy back in when they hit 20p, about next April

[blockbuy] 09/11/2004 19:34

evening.......hey very little activity here these days.........the dollar rate killing the donkey off????????


poor thing..........I remember getting in on these at 29p sometime ago....never thought it would return.....maybe it wont........but a good earner this one in any direction.......


phook you still around???

guys...if your looking for an oppo (I know there's plenty around)... AXO...as always.....

;-))))))))

[miata] 05/11/2004 09:24

All buys this morning, including one of 140,000.

Shareprice up 4.4% so far today, it will take time.

[rnholl] 04/11/2004 16:13

Seems to have had zero effect on trades?

[miata] 04/11/2004 13:56

Good. Cut costs, improved earnings.

[miata] 04/11/2004 13:55

Danka Reports Second-Quarter Operating Results; Results Reflect Year-Over-Year Improvement in Operating Earnings and Solid Cash Generation

Danka Business Systems PLC today announced second-quarter results for the period ended September 30, 2004 that include operating earnings of $6.0 million, an increase over the $1.0 million from the second quarter a year ago and a 10% year-over-year decrease in selling, general and administrative expenses ("SG&A"). Total revenue was $308.7 million, a decline of 4% from the second quarter a year ago. Gross margins were 36.3%, cash flow from operations was $27.6 million and free cash flow was $21.9 million. Net loss was $1.8 million for the quarter compared to a net loss of $17.3 million in the year-ago quarter. The year-ago quarter included $20.6 million of pre-tax expense for the write-off of debt issuance costs. Including the impact of dividends on participating shares, basic and diluted EPS was a loss of $0.11 per share compared to a loss of $0.35 per share in the year-ago period.

[chestnuts] 01/11/2004 18:55

Zedder i am keeping DNK on my monitor as its in a massive symetrical triangle and it could go up big time if it starts moving in the right direction.

[zedder] 01/11/2004 18:52

Results out on Thursday. Hopefully evidence of the turnaround/recovery will be there, helped by the reduced borrowing costs compared to the last 2 years and the cessation of the large investment in the new software.

[nwmadden] 25/10/2004 14:33

Nice to see the Danka share price going up for once. :)

[zedder] 30/9/2004 19:23

If you look at the 5-yr chart for the US DANKY shares, there is a definite uptrend established since January 2001. It has tried to burst back up through $5 several times:



The next time it does it I feel that it might well hold. I also feel that this could occur within the next 6 months. The $5 level is very significant for this share. At the moment it is on the NASDAQ Small Cap exchange. If it can hold $5+ for something like 60 trading days, it then moves back to the NASADAQ National Market (from whence it came when things went pear-shaped in 2000).

[zedder] 30/9/2004 16:36

The Bears and Bulls are still fighting it out in the US on this one. As the chart shows, other than the one brief blip downwards, it's been going sideways for a couple of months now. Currently in the US there is a 25k share buy order at $3.70 so that should put a floor under the price for today at least!

[bertybassett] 23/9/2004 01:33

Will look into these accounts tomorrow, thank you

[zedder] 22/9/2004 18:22

Bought mine at 54.19p about 10 mins before the close. That particular trade was in my MarketMaster account, which as I hadn't traded more than 10 times last quarter, cost me £12 (over £2000 would be £15 etc). In my ISA account, where I do generally trade more, the trades are £7.50 each up to any amount.

[bullandbear] 22/9/2004 17:32

£12.50

[bertybassett] 22/9/2004 17:12

Thanks B&B - what commission do comdirect charge?
Thanks also Zedder, what price did Barcs offer you today for danka and what do they charge per trade?

[bullandbear] 22/9/2004 16:59

sorry to hear that.. I never really used them though I have an account.. I just check the system they had by registering and realised their always made people pay the max spread... Like I said IMI web is not too bad, I'd register there and def do comdirect they are great.. Other ones is selftrade. dont have an account but may look.. will let you know what TD is like when I use it and the other one is barclays crest trading which I do not have.. Yes hoodles are w@nkers because what you have to remember they are not idependant as they are also a Market Marker, so because of this I do not trust them at all.

[zedder] 22/9/2004 16:59

I'm with Barclays. When I sold CCN earlier the spread was 14.0/14.5

I got 14.15p and the spread immediately became 14.0/14.25p so very happy with that price.

The buy and sell bots in the US are battling out right now. For those that have not had the link before, got to Archipelago here:



Select 'Arca Book' in market tools (top right), then Java version and type in DANKY. You can then sit and watch the action.

[bertybassett] 22/9/2004 16:55

Thanks, use Hoodless but will change. got the feeling i was being screwed on the spread as well. choose them as 7.00 a trade and most were 10.00.
See who just got a trade in last minute? 35,000 at 53.5.

[bullandbear] 22/9/2004 16:51

who do you use.. I use comdirect direct which tries to improve prices.. dont use hoodles and Imi web as they dont improve the price hence why they trade 10.00 or less as they made it onthe spread... TD water house I'm registered but no used yet. Basically I'm registered with 4 online brokers to make sure I have the best chance of getting the best spread at the time of trade.. you should do the same to cover yourself

[bertybassett] 22/9/2004 16:44

zedder, hope you got a good price was watching yesterday but waiting for some funds.

Interestingly I've been thinking of changing brokers and now think that is definite. Was unable to buy 2k worth on line, said it was 'too high' volume. phoned and left trade with top limit of 55p. they called me back and said they had bought at 55p. Funny I said I'm on level two and can see my trade and it shows 54.5. She went and came back and said oh yes you are right! Whose got a better broker please? And one where i can trader higher amounts on line, that was crazy for such a small amount.

[zedder] 22/9/2004 16:28

I sold some CCN earlier today, so have just used the proceeds for a small top-up.