Danakali Share Discussion Threads

[geng] 12/10/2006 13:51

Zedder - Same old Danka - Just when you think its time to sell the price goes up !

[jamesrand] 12/10/2006 12:12

I expect Danka to re-register their offices to the USA now. As thats where their operations and revenue eminate from after today's sale. And the UK listing will eventually be cancelled.

[yellow_snow] 12/10/2006 12:07

Its probably fair enough given that they want to focus on getting the US operations right and they certainly have a lot of scope for improving things there. Without the debt to worry about (I presume they'll use the bulk to pay it down and be left with something like $60-80 m) and the consequent reduction in the interest payments (which were running at $25 m per year) they have a decent chance. Still waiting for the next results though, they need solid progress in operating profits from the US before the story starts to be compelling.

[miata] 12/10/2006 11:59

Not the end, it is not even the beginning of the end, but it is, perhaps, the end of the rise that was beginning.

[zedder] 12/10/2006 11:53

That's over half their turnover sold for that price. Won't even pay off all the debt. I sold out my 7300 shares at 22.85p this morning. Think this might be the end of DNK.

[miata] 12/10/2006 11:46

Only getting $210m from Ricoh Europe.

[yellow_snow] 03/10/2006 13:16

Of course Oz is gone already but the European operations were never much of a problem so they should realise a decent value. Problem is this looks like a fire sale with the impending debt repayments in 2008 so I'm staying in watching mode until the terms of any deal are outlined. Also another set of quarterly results will help determine whether progress really is being made.

[miata] 03/10/2006 13:12

Danka Business Systems PLC said it is in discussions, which may lead to the sale of part or all of its European Business.

The company's SEC report said it had 2,130 employees in the United States and 2,370 in its Europe/Australia segment.

[rabbrooks] 01/10/2006 21:01

It seems to me that DNK's days are numbered so far as a UK listing is concerned. There would be little point in keeping the main listing for DNK in London if the european operation is being sold,thus making it even more of a liability in any portfolio.

[krazykid] 28/9/2006 18:03

And now we might be sold ?

[krazykid] 28/9/2006 00:32

Anyone please, why do they do this and is it a normal thing? and was it linked to the UT trade today (although that was tiny)?

A second Price Monitoring Extension has been activated in this security.

A second Price Monitoring Extension is activated when the auction matching process would still result in an auction price that is a pre-determined percentage above or below the base price. The auction call period is extended for a further 5 minutes.

[zedder] 27/9/2006 15:24

For those that haven't followed DNK closely, the UK price tends to track what happens in the USA. 1 US DANKY ADR is equivalent to 4 UK DNK shares. So to convert, take US price and divide by 4 and then divide by exchange rate (approx 1.9 at present).

[zedder] 27/9/2006 15:21

Thought the rise might have been due to shorters closing in the US. However, the latest update to 15th Sept (released today) shows the short interest back over 2m ADRs. See:



With only 66m ADRs in issue, it would cause a further large price rise were those shorts to be closed out.

So presumably thereust be further Institutional buying going on. I've watched the figure for Instituational Holdings rise from sub 10% to the current 38.6% over the last 2 years. See:



Also, those in the know might have a good feel on how the latest quarter (to 30th Sept) has been.

[rabbrooks] 25/9/2006 16:03

It's almost impossible to get any info when i checked out previously.

[latifs100] 19/9/2006 16:46

been rising srteadily from 15p tp 20p now.. anyone have any info?

[saturn5] 23/8/2006 09:53

that looks like a breakout

[geng] 21/8/2006 16:30

Oh well - maybe another go at 40p !

Didn't get anywhere near 80p in Jan 06 - maybe 80p in Jan 07 ?

Could be that next earnings will be higher than the market cap at the bottom

ie 64M shares * $1.15 = $73.6M if they turn a profit of around 10% then the effective eps would be $1.56 even with a PE of 5 that would put the share at $7.80 or + £1

Only fly in the ointment is the debt - which is lower than last time - but nearer to having to be paid.

We'll see

[yellow_snow] 09/8/2006 08:26

The operating profit when exceptionals were stripped out was encouraging and at least now they are targetting increased revenues which would be a real sign of definite progress. Needs to be demonstrated in teh next results though, so still wait and see.

[joeblogg1000] 08/8/2006 15:16

Looks a good recovery play, from results the chairman says "'I would like to commend all of our employees for their contributions in
improving our operating profit performance this quarter,' said A.D. Frazier,
Danka's Chairman and Chief Executive Officer. 'Their focus on profitability
generated better results than we have experienced in many quarters. The
substantial cost reduction actions taken during prior periods have clearly
contributed to the improvement in our financial performance though, as expected,
we saw some reduction in our overall revenues. We will now seek to address this
by turning the majority of our attention away from cost reduction and
restructuring activities and toward supplementing our sales and marketing
resources, particularly in the area of adding quality salespersons in our key
markets. Of course, we will continue to be mindful of our costs, as well as the
need to generate profits, as we make these investments. We also plan to continue
with efforts to strengthen our core business, eliminate errors and strengthen
our customer relationships across the enterprise as we seek to build on our
progress this quarter.'"

[jotoha1] 08/8/2006 14:58

looks like it will now retest historic lows..tighten your seat belts!

[nutsyboy] 04/8/2006 11:34

I don't hold, but I have kept track of Danka over the years and it seems to
yo-yo considerably. It hits new lows then bounces right up. Fundamentals are against it this time though imho.

I'm considering a punt on these for a considerable bounce but it looks a bit risky this time.

What chance a bid??

[panagos] 03/8/2006 14:01

rabbit, looking at the financials more carefully looks like a high risk punt, negative equity, agreed. looks like a dead duck this time....hope i'm wrong

[brer rabbit] 03/8/2006 13:56

Tried buying 20K but can't buy but 5K even tho NMS is 10K ... MM control I assume. Not worth punting a piddly £700 ... their loss of a transaction. Nope; I'm movin' on ...

[panagos] 03/8/2006 13:46

hmmmm, been following danka for ages......remember oklandsay times, from 14p to almost a pound

[brer rabbit] 03/8/2006 13:43

Not found on advfn,but on a competitor ...

London Stock Exchange Regulatory News Service
Thursday, 03/08/06, 13:30
Notice of Results - Danka Business

RNS Number:2091H
Danka Business Systems PLC
03 August 2006

Embargoed until 13.30 3 August 2006

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

Danka Sets First Quarter Financial Results Release Date and Conference Call

Danka Business Systems PLC (LSE: DNK; NASDAQ: DANKY) will release its fiscal
year 2007 first quarter results on Tuesday, 8 August 2006 and will have a
conference call at 3:00 p.m. U.K. time (10:00 a.m. EDT) that day.

To participate in the conference call, please dial in 5-10 minutes before the
start of the call and follow the operator's instructions. U.S. and Canada
callers please dial [phone] and U.K. and International callers please
dial [phone]. Reference conference ID #3784525 when prompted. The live
audio broadcast of the call also can be accessed from Danka's web site at


If you are unable to join the call, a replay will be available at Danka's web
site approximately two hours after the call ends. To listen, please go to
and click on Investor Relations. A replay of the call also
may be accessed via telephone; U.S. and Canada callers may dial [phone]
and U.K. and International callers may dial [phone]. Reference
conference ID #3784525 when prompted. This playback will be available through
5:00 a.m. U.K. time (12:00 a.m. EDT) on 15 August 2006.

- Ends -