Danakali Share Discussion Threads

[master rsi] 22/11/2005 08:25

Up on the US to $1.76 +0.15p

open higher over higher today

[latifs100] 18/11/2005 15:54

2p spread.. putting ppl off, 24- 26, bought a small qty to average down

[master rsi] 18/11/2005 15:48

we are already at $1.80 at the US and 24-26p +5.5p here

[yellow_snow] 18/11/2005 15:37

Blimming heck I do like that shape!

[yellow_snow] 18/11/2005 15:18

Handy to point out that the US shares equate to 4 UK shares each, which puts the relative volumes into some perspective.

[master rsi] 18/11/2005 15:16

Just to see it with volume, the old chart from the Nasdaq is on

Intraday

3 month

[master rsi] 18/11/2005 15:06

From ...SHARES STRONGLY UP/DOWN this week 14/11/05 (Master RSI) (UPS)

Master RSI - 18 Nov'05 - 14:57 - 301 of 301 edit
Watch
DNK 22 - 24.5p + 3.75p
bouncing from a large drop recently

large volume on the NASDAQ yesterday with a bounce aswell and going higher again today

[yellow_snow] 18/11/2005 15:01

Looks like its corrected to about the right level now so probably just the trading reaction to the over-selling. Hopefully it'll settle over $1.80 in the states, that'd be about right before any more news I reckon.

[yellow_snow] 18/11/2005 14:55

Up again in the states and decent volume, that seemed to be priced in over here first. The last time there was a major discrepancy between the UK and US prices, i.e. that the UK seemed to be ahead of what was happening in the states was just before the last set of poor results came out. This might indicate the US investors using the UK market for some reason or that theres a bit of inside info doing the rounds. I'm not in a position to know, anyone else have a clue, I'm thinking along the lines of a major sale, or a full buyout?

[yodc] 17/11/2005 22:09

Up 18% in US.

[yellow_snow] 17/11/2005 15:03

Took a spreadbet buy this morning, with the pound at $1.70 odd now compared to $1.90 when we had the previous bottom at $1.20 in the states I doubt it'll go as low as 15p this time. Positive so far in the states, hopefully $1.20 was the bottom again. I'll add lower if not.

[blockbuy] 16/11/2005 13:28

sadly looking to test the may/june low.....................

[latifs100] 15/11/2005 11:32

not far off.. 19p now

[willjam] 14/11/2005 16:52

In a shambles

15p by Christmas is my bet ( see my previous posts)

At that level it might (might) be worth a punt

[yellow_snow] 11/11/2005 16:18

They dropped the ball. The quarters revenues were a disappointment and we'll have to see whether the next quarter indicates that being a blip or whether they are still in a downward revenue spiral which will mean the debts become a real issue irrespective of the cost-cutting.

[latifs100] 11/11/2005 16:14

20p.. here we come, any ideas for the drop from 36 to 20 now.

[yellow_snow] 03/11/2005 18:06

Yup, more wait and see which no-one likes and the ever present threat of revenues never stabilising. I don't think we're in a death throes scenario and the longer things go on the more likely that a bid comes in, if only to grab the tax losses. The new CFO has a lot of M&A experience and I think one by product of the cost cutting is the main business becoming more attractive to predators, although some indication that the current management can do their jobs would be nice. Still in and I'll add below 20p if we get there again.

[cinoib] 03/11/2005 17:58

Currently looks sick at $1.77 down 22.5%.

[geng] 03/11/2005 14:25

Why oh Why would Goldman be accumulating when they must have know things were this sh1t ?

[yellow_snow] 03/11/2005 13:36

Pretty bad I think. No short term recovery on these results, on to the next set of results.

[miata] 03/11/2005 13:33

a loss from continuing operations before tax and finance costs of £11.5 million, including a cost restructuring charge of £4.2 million.

[yellow_snow] 02/11/2005 19:31

I think its more likely they are thinking that a few people might still be ahead on recent purchases and could be scared into selling before the results just to lock in some profit. Given the volumes trading no-one is going to make much one way or the other on London turnover. Theres an interesting post on the fool board saying that the original company that started the acquisitions that resulted in Danka was bought out for their tax losses. It would be quite ironic if Danka ended up being taken over for its own tax losses. Xerox or Toshiba would easily absorb a $5 bid in tax write-offs over a couple of years so anything is possible, who knows, even a proper Danka recovery. I think revenues below $285 mill would disappoint, above $290 mill would be good, and any progress on the margins and costs will be welcome. An actual profit would be nice too.