[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 .
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
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 :)