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#1 Goliath

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Posted 19 September 2018 - 08:47 AM

seems growthpoint in the big twang now.

Another resilant?

 

Hopefully not..


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#2 Polly

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Posted 17 September 2018 - 10:43 AM

seems growthpoint in the big twang now.

Another resilant?


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#3 Goliath

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Posted 18 August 2018 - 12:12 PM

Thanks Goliath. Your views are always appreciated.

Just wondering what's your current view on the bigger property stocks (growthpoint, Redefine, Investec, Hyprop). Maybe good to include one or more of them in one's property portfolio, to enhance the quality and better diversify. Your thoughts?

Decided to move all into cash - as being in the propert industry we are noticing lots of people starting to sell their property investments due to landgrab fears among other things.. buyers market at the moment, so will hopefully get a bargain or two. (famous last words)


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#4 Spree

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Posted 08 June 2018 - 07:59 AM

Well I'm prepared to take the risk, can't predict what the future will holds but tough to ignore them at their current yields and levels.. and if this land grab thing eventually goes through (hopefully not) it will also have an impact, just my opinion.. good luck!


Thanks Goliath. Your views are always appreciated.

Just wondering what's your current view on the bigger property stocks (growthpoint, Redefine, Investec, Hyprop). Maybe good to include one or more of them in one's property portfolio, to enhance the quality and better diversify. Your thoughts?
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#5 Goliath

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Posted 06 June 2018 - 08:51 AM

Thanks Goliath. Certainly, Rebosis is one to look at. Also, you had mentioned Texton earlier, which also looks quite attractive at the moment, and has UK exposure( if it's something one wants at the moment), whereas some of the others are solely SA focused.

Quite a few of these smaller counters are offering very high yields at present. My concern is whether these yields are sustainable going forward, and why they seem to be so unloved by the market that they are trading at significant discount to NAV!

 

Well I'm prepared to take the risk, can't predict what the future will holds but tough to ignore them at their current yields and levels.. and if this land grab thing eventually goes through (hopefully not) it will also have an impact, just my opinion.. good luck!


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#6 Spree

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Posted 05 June 2018 - 02:49 PM

Between the lot at current prices go for Rebosis, low vacancies with excellent dividend yield (that kept growing despite current climate) and some good safety if you look at their NAV of share VS share price.. my opinion :)


Thanks Goliath. Certainly, Rebosis is one to look at. Also, you had mentioned Texton earlier, which also looks quite attractive at the moment, and has UK exposure( if it's something one wants at the moment), whereas some of the others are solely SA focused.

Quite a few of these smaller counters are offering very high yields at present. My concern is whether these yields are sustainable going forward, and why they seem to be so unloved by the market that they are trading at significant discount to NAV!
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#7 Goliath

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Posted 05 June 2018 - 12:49 PM

[quote name="Bullhunter" post="275263" timestamp="1526460615"]Bought Rebosis (distribution still growing) and Delta (distribution to recover) with a 15% divi yield last week.Should see excellent capital growth in these 2 counters .
 
https://www.business...ty-fund-review/
 
Arrowhead acquired 20% of Rebosis because it will be earnings enhancing for Arrowhead as well for its excellent, underlying assets.
 
The property sector has been spooked by Resilient and co.The spread between yields on bonds and property is the biggest ever, implying listed property is under priced as a result of the spook.[/quote

Hi Bullhunter.

Delta out with results today. Seems fairly decent(esp in current climate). Distribution maintained. Do you have any concern about the very large exposure to Government(about 67%). They say they are in negotiations for block renewals with govt, which looks promising and should be concluded by year end. Furthermore, gearing is a bit high - are you comfortable with the level of gearing?

Lastly, do you see the distribution increasing, or at least being maintained? (PS: I feel that the high yield does offer some margin of safety here!)

Your thoughts please :)

 

Between the lot at current prices go for Rebosis, low vacancies with excellent dividend yield (that kept growing despite current climate) and some good safety if you look at their NAV of share VS share price.. my opinion :)


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#8 Spree

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Posted 04 June 2018 - 08:45 PM

[quote name="Bullhunter" post="275263" timestamp="1526460615"]Bought Rebosis (distribution still growing) and Delta (distribution to recover) with a 15% divi yield last week.Should see excellent capital growth in these 2 counters .
 
https://www.business...ty-fund-review/
 
Arrowhead acquired 20% of Rebosis because it will be earnings enhancing for Arrowhead as well for its excellent, underlying assets.
 
The property sector has been spooked by Resilient and co.The spread between yields on bonds and property is the biggest ever, implying listed property is under priced as a result of the spook.[/quote

Hi Bullhunter.

Delta out with results today. Seems fairly decent(esp in current climate). Distribution maintained. Do you have any concern about the very large exposure to Government(about 67%). They say they are in negotiations for block renewals with govt, which looks promising and should be concluded by year end. Furthermore, gearing is a bit high - are you comfortable with the level of gearing?

Lastly, do you see the distribution increasing, or at least being maintained? (PS: I feel that the high yield does offer some margin of safety here!)

Your thoughts please :)
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#9 Bullhunter

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Posted 23 May 2018 - 01:22 PM

Added some more Rebosis after todays ex Div dip, Arrowhead results also not looking that bad and now looking at Delta perhaps..

 

Texton's recent newsletter says its trading at a forward yield of approximately 19.% as at March'18..  so one to watch as well?

 

The primary reason for Texton's reduced growth in 2017 can be attributed to large vacancies during the year which have only recently been filled and the fact that the Rand is currently very strong when compared against the Pound.

 

Consider the use of gearing in situations with such high yields.If you're young, access your bond to buy Texton.  You will pay off the accessed amount in about 8 years from the distributions received (much higher than the interest payments on your bond) at which point you will have your house + a capital gain in Texton + an income  stream.


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#10 Goliath

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Posted 23 May 2018 - 12:37 PM

Bought Rebosis (distribution still growing) and Delta (distribution to recover) with a 15% divi yield last week.Should see excellent capital growth in these 2 counters .

 

https://www.business...ty-fund-review/

 

Arrowhead acquired 20% of Rebosis because it will be earnings enhancing for Arrowhead as well for its excellent, underlying assets.

 

The property sector has been spooked by Resilient and co.The spread between yields on bonds and property is the biggest ever, implying listed property is under priced as a result of the spook.

 

Added some more Rebosis after todays ex Div dip, Arrowhead results also not looking that bad and now looking at Delta perhaps..

 

Texton's recent newsletter says its trading at a forward yield of approximately 19.% as at March'18..  so one to watch as well?


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#11 Goliath

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Posted 21 May 2018 - 01:18 PM

Sharechat won't allow me to post it!

No problem, not a biggy! :D


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#12 Bullhunter

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Posted 21 May 2018 - 01:02 PM

Any chance you can post the review, blocked if not a subscriber..

Sharechat won't allow me to post it!


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#13 Goliath

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Posted 20 May 2018 - 09:06 PM

Bought Rebosis (distribution still growing) and Delta (distribution to recover) with a 15% divi yield last week.Should see excellent capital growth in these 2 counters .

 

https://www.business...ty-fund-review/

 

Arrowhead acquired 20% of Rebosis because it will be earnings enhancing for Arrowhead as well for its excellent, underlying assets.

 

The property sector has been spooked by Resilient and co.The spread between yields on bonds and property is the biggest ever, implying listed property is under priced as a result of the spook.

Any chance you can post the review, blocked if not a subscriber..


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#14 Bullhunter

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Posted 16 May 2018 - 10:50 AM

Gentleman, would like some of your opinions.. currently looking at the following:

 

Rebosis - Div yield +-16% at current levels

Texton - Div yield +-17% at current share price level

 

So you'll get a (before tax) return of 16% excluding any capital gains - am I missing something? Apart from the reason that they are at current levels = management confidence at their lowest but if you look at financials and prospects, worth a buy?

Bought Rebosis (distribution still growing) and Delta (distribution to recover) with a 15% divi yield last week.Should see excellent capital growth in these 2 counters .

 

https://www.business...ty-fund-review/

 

Arrowhead acquired 20% of Rebosis because it will be earnings enhancing for Arrowhead as well for its excellent, underlying assets.

 

The property sector has been spooked by Resilient and co.The spread between yields on bonds and property is the biggest ever, implying listed property is under priced as a result of the spook.


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#15 Goliath

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Posted 14 May 2018 - 10:57 AM

Gentleman, would like some of your opinions.. currently looking at the following:

 

Rebosis - Div yield +-16% at current levels

Texton - Div yield +-17% at current share price level

 

So you'll get a (before tax) return of 16% excluding any capital gains - am I missing something? Apart from the reason that they are at current levels = management confidence at their lowest but if you look at financials and prospects, worth a buy?


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#16 Goliath

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Posted 20 March 2018 - 09:22 AM

then same as buying a property to live in.....cant deduct interest on bond.

IF u bought property to let out, u could.

 

So answer to your question is NO.

 

Much appreciated, thanks


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#17 Polly

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Posted 05 October 2017 - 04:04 PM

Nope not trader - keep and hold

then same as buying a property to live in.....cant deduct interest on bond.

IF u bought property to let out, u could.

 

So answer to your question is NO.


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#18 Goliath

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Posted 05 October 2017 - 03:23 PM

 if you a trader or long term? If trader yes. Just my view

Nope not trader - keep and hold


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#19 Polly

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Posted 05 October 2017 - 01:15 PM

Can someone clarify for me as I cannot seem to find a clear answer - if you buy shares in these companies on the JSE and obtain a bank loan to do so (on which you will pay interest), can you deduct this interest expense against the distribution(s) received from the listed REIT company?

 

 if you a trader or long term? If trader yes. Just my view


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#20 Goliath

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Posted 05 October 2017 - 12:26 PM

Can someone clarify for me as I cannot seem to find a clear answer - if you buy shares in these companies on the JSE and obtain a bank loan to do so (on which you will pay interest), can you deduct this interest expense against the distribution(s) received from the listed REIT company?


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