Danakali Share Discussion Threads

[chancer6] 08/12/2007 11:36

ADVFN states that there are 372 million shares in issue which is wrong!!! The shares in issue figure is 259 million and the correct mkt cap at close was 9.46 million.

Can find the figure of 259 million shares in issue from the Interims:

[chancer6] 08/12/2007 10:56

Zedder...in this instance we cannot compare the valuation as you're describing because the ADR's are due be de-listed next wk. Once the ADR's are gone by end of next wk the price should see a proper correction or the start before even the ADR's are gone IMO.

[yoda5442] 08/12/2007 02:15

Zedder - good stuff, thanks

[zedder] 08/12/2007 01:38

I used to be a DNK fan, but sold out at 22.6p in Nov 2005. At that time I could see the company going nowhere with respect to sorting out it's debt.

1 DANKY ADR in the USA equals 4 DANKY shares. So at 16.5c mid-price at the close today, 16.5c/4/2.03 with 2.03 being the $ exchange rate, then 1 DNK share is equal to 2.03p. It generally used to be that the US price led the UK price; indeed you could make good money when the price was moving rapidly in the US and the UK Market did not keep up. At the moment though the UK price is over-priced. It may be that once trading stops in ADRs then the price will be aligned to the UK price. At the moment though, you are over-paying buying UK shares above 2.25p!

[chancer6] 07/12/2007 21:19

One more bottom sign....naturally more selling again on the ADR's with them due to be de-listed by end of next wk though the price held up and finished up 6.0%. Don't know why there was strong late buying on the ADR's. The fall from 10 pence on the LSE listing has only been because of the selling wave on the ADR's over the last couple of wks. The company has not come out with any bad news to warrant the fall and hence can easily go back up to that level. The volume on the ADRs has been around 500-1000 trades every day. Fair few DANKA shareholders there...wouldn't be surprise to see them to take start buying on the LSE listing in the coming days. They only having to sell because of the de-listing on the NASDAQ market.

[flannyblue] 07/12/2007 20:54

Cheers, they are there. I hope we have seen the bottom now, I struggled to keep up with the slide. Anyway, if MDX isn't on your rader keep an eye on them, more to come IMO.

[cyberpost] 07/12/2007 19:23

flanny

DNK trades on PLUS can be viewed on advfn as well :

[chancer6] 07/12/2007 19:17

Most of the Trades are put through PLUS...you can find all the trades from today and the last few days by going onto the below link. All trades are updated on PLUS in real-time.

[flannyblue] 07/12/2007 19:13

I made 2 more purchases today, and neither of them showed up on an ADVFN competitor trading screen. Is that normal?

[chancer6] 07/12/2007 17:48

More clues in looking for bottom formation in new update below:

Detailed Technical Analysis

SHORT TERM COMMENTARY
There are high probabilities for a short term price bounce over 3.8521. Short term trend is strongly bearish.

MEDIUM TERM COMMENTARY
Medium term price trend Danka Business is still bearish this week. This market keeps a relative behavior lower -83.4709 than FTSE 100 INDEX. Volatility has been increasing during last month. Daily and weekly technical indicators, alert of the proximity of a market BOTTOM. Keep track of possible bullish divergences on RSI that will confirm this scenario.

[chancer6] 07/12/2007 17:01

130,000 buy at 3.25p left on the order book at close...should be put through first thing on Monday.

[chancer6] 07/12/2007 16:26

07/12/2007 16:23:22 3.25 30,000 O 975.00

[chancer6] 07/12/2007 16:24

130K buy maybe put through before close at 3.25p!

[chancer6] 07/12/2007 16:05

50K disappeared of the order book at 3.25p and replaced with 130K trade at 3.25p.

[chancer6] 07/12/2007 15:52

20K gone at 3p and 50K at 3.25p has appeared!

[chancer6] 07/12/2007 15:50

20K buy going to be put through at 3p soon! The next MM is still EVO on 3.50p offer.

[chancer6] 07/12/2007 15:32

Up 12% on NASDAQ.

[chancer6] 07/12/2007 14:40

Good 90K buy there!

[chancer6] 07/12/2007 14:36

07/12/2007 14:35:50 3.25 90,000 O 2,925.00

[double6] 07/12/2007 14:06

Am awaiting sniper's next attack with relish!

[chancer6] 07/12/2007 14:05

Maybe assualt on 4p before close..definite bottom confirmed and should see price recover to 6-7p levels minimum next wk....fallen from 10p on only ADRs being de-listed on NASDAQ.

[chancer6] 07/12/2007 13:59

07/12/2007 13:57:42 3.25 14,925 O 485.06

[8trader] 07/12/2007 13:50

A £454 trade chancer !

Will you dump before the plug is pulled ?

[chancer6] 07/12/2007 13:39

07/12/2007 13:33:47 3.25 13,969 O 453.99