Oh OK 20%
Delta Property Fund
Started by
DividendTycoon
, Dec 10 2018 10:14 AM
204 replies to this topic
#142
Lionelza1
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Posted 03 May 2019 - 10:30 AM
Glad I heard u on this one P... Am up 36%....u selling at 2.50?
#143
Polly
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The Oracle
Posted 03 May 2019 - 10:19 AM
Hey, but the dividends are great -
- the tenants top class
- and the share price going up if you stand on your head and look at the charts
check now....up another 12% today!!!!
selling 20% of my stock here @ 2.50
cost R+-2.04
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#144
Polly
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The Oracle
Posted 02 May 2019 - 04:08 PM
up another 12% today..
,make that 15%... 
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#145
Polly
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The Oracle
Posted 02 May 2019 - 02:23 PM
buyer for a million shares at R2.20 on board....im still holding...will sell first trench( 20%) at 2.50 to bring my average down below 2.00
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#146
Polly
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The Oracle
Posted 02 May 2019 - 12:33 PM
Hey, but the dividends are great -
up another 12% today..
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#147
Lionelza1
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Posted 30 April 2019 - 04:10 PM
now up 13%... yayyyy im finally green!!!!!!!!!!!!!!!!!
lol good one P
#148
Polly
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The Oracle
Posted 30 April 2019 - 03:48 PM
now up 13%... yayyyy im finally green!!!!!!!!!!!!!!!!!
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#150
Polly
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The Oracle
Posted 30 April 2019 - 09:41 AM
at last...up 8% today...
once above my average cost ill start disposing....overexposed here badly!!
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#151
Polly
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The Oracle
Posted 29 April 2019 - 01:58 PM
lol yea....good news tho P
yeah very good,,,think all the leases will be signed overt time...senseless paying higher rentals for same property without leases...and thats what this ANC govt is doing....eish...we taxpayers paying that higher rentals ultimately..
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#152
Lionelza1
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Posted 29 April 2019 - 01:47 PM
no price reaction yet...
lol yea....good news tho P
#153
Polly
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The Oracle
Posted 29 April 2019 - 01:43 PM
no price reaction yet... 
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#154
Polly
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The Oracle
Posted 29 April 2019 - 01:34 PM
Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT
ISIN: ZAE000194049
REIT status approved
(“Delta” or the “Company”)
UPDATE ON SIGNIFICANT LEASE RENEWALS WITH STATE OWNED ENTERPRISES
Shareholders are advised that Delta has concluded two significant
leases with State Owned Enterprises (SOEs), namely Eskom and SARS,
for a total gross lettable area of 21,259 sqm.
The properties are:
- 5 Simba Road, Sunninghill, a 5,253 sqm property occupied by Eskom,
renewed at R85/sqm for a three year lease period; and
- SARS Bellville, Cape Town, a 16,006 sqm property renewed at R100/sqm
for a five year lease period.
The Company anticipates further lease renewals and will keep the
market informed accordingly.
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#155
Polly
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The Oracle
Posted 18 April 2019 - 12:13 PM
base building here..
from a tweet :
A more speculative small cap REIT is Delta Property Fund. It trades at a 80% discount to NAV.
The reason for the discount is very short term leases from government, although they've been concluding 5-year leases recently (see this morning's SENS).
At the trading update on 28 February, they disclosed a LTV of 44%, so they're still within loan covenants. According to CFO, valuations already discount the anticipated negative reversions on government leases.
Investec has recently been building a stake at higher levels than the current price below R2.
Delta has guided for lower distributions this year. One of the main reasons for this is very high, punitive interest rates on their loans due to the short WALE (duration) of leases. Hopefully this will change with longer term leases.
If Delta can sign more 5-year leases, you're looking at a 20% yield for next few years with 6.5% escalations every year.
I have factored in that Delta might retain a portion of distributable income (could be as high as 25%) for building improvements (they have old B and C grade buildings). This will keep LTV ratio at current levels (no need for borrowing).
Delta has valued their buildings at cap rates between 11% and 12%, and based on anticipated reduced lease renewals from government. This seems fair, or at least fair enough not to warrant a 80% discount..
so someones thinking like me...
I see lots of value and dividend returns here...not immedicate but over the next few years!!
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#156
Polly
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The Oracle
Posted 15 April 2019 - 02:14 PM
thats my sens out on Friday....own over 5% of company
i wish...
building a nice base.....no guarantee it will shoot the lights out yet....
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#157
JK001
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Posted 10 April 2019 - 06:10 PM
check todays volumes too....i got a bid in for 100000 shares @ 1.86...you can see it on the board..
if gone through will be total 6000000 with average cost 2.03 ....
expect a SENS soon 'notification of major shareholder change' '...in accordance to JSE rules notification must be given if 5% or more of a company is..... go Polly go.....'
Hope Polly knows that 6 zeroes in mathematical terms means 6 million.
#158
DayTraderDad
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Posted 10 April 2019 - 05:25 PM
check todays volumes too....i got a bid in for 100000 shares @ 1.86...you can see it on the board..
if gone through will be total 6000000 with average cost 2.03 ....
Haha last time you got confused with number!!!!
#159
Polly
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The Oracle
Posted 10 April 2019 - 03:24 PM
Interesting article:https://www.iol.co.z...esults-17788831
This should set alarm bells!!!
Highlights:
Delta’s property operating expenses increased by 23.8percent to R254.1m in the six months to August from R205.3m
in the prior period, resulting in net property income decreasing by 8.8percent to R525.6m from R576.4m.
alarm bells?? more ilike dreaming on my bahamas vacation mate!!
" Delta’s property operating expenses increased by 23.8percent to R254.1m in the six months to August "
when was this and what the share price then?? i tell you +R6.00
priced in mate, priced in....now we wait for uptick or juicy divi...
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
#160
Polly
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The Oracle
Posted 10 April 2019 - 03:22 PM
Looking good here P... I see volumes good also
check todays volumes too....i got a bid in for 100000 shares @ 1.86...you can see it on the board..
if gone through will be total 6000000 with average cost 2.03 ....
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
