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Delta Property Fund


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#1 andi222

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Posted 17 November 2021 - 11:43 AM

Guys if you can wait for 2 to 3 years this share is dirt cheap in my opinion.

In 2023 they want to resume dividend payments. At the moment it looks like this will be at around 50 cents.

Now compare the 50 cents dividends per year vs the current 66 cents share price. This doesn't make sense right.

So if all goes according to plan and they start paying a dividend in 2023 we will easily see the share price between 3 and 5 Rands.

Again just my personal opinion. Do your own research.

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#2 andi222

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Posted 08 November 2021 - 12:00 PM

Very very promising results for H1.

EPS of 21 cents and they expect this to remain stable. So we should be at around 40 cents for 2021. Do your Calc on this to get a share range. 8% interest currently gives you a multiple of 12.5. So this would eventually give you a target price of 5 Rands.

Also the NAV is around this at 5.2 Rands

Yes they had some challenges in the past but currently we are still trading at a discount of 85% to the NAV.

I think we will still see a sharp increase in the share price the next weeks to between 3 to 5 Rands.

Also resumption of dividends in 2023!!!

Again just my personal opinion based on facts.

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Edited by andi222, 08 November 2021 - 12:01 PM.

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#3 andi222

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Posted 28 October 2021 - 03:56 PM

Yeah I think they plan on other disposals as well but also they will keep the majority assets. Not like rebosis who basically sold all their assets lol.

Also if you have a look at the building and location you will understand why the 79 million was good lol

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#4 Shi

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Posted 26 October 2021 - 10:31 PM

Yeah but sens today was good. They got 90% of the fair market value in tough conditions. So for me there is good upside potential to even go back to 3 to 5 rands.

Also dividends expected to resume in 2023.

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Really, SENS was good? It's such a small amount really, nothing to really get excited about.

 

Are there plans on doing other disposals? The LTV still looks a bit high.


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#5 andi222

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Posted 26 October 2021 - 04:26 PM

Yeah but sens today was good. They got 90% of the fair market value in tough conditions. So for me there is good upside potential to even go back to 3 to 5 rands.

Also dividends expected to resume in 2023.

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#6 Blackobar

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Posted 26 October 2021 - 08:52 AM

Any news why we seeing a run?

Maybe some interim info has leaked?

Results due in the next two weeks!!

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Insider trading on the JSE is out of hand. Share price popped yesterday, news announced today... Disgusting
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#7 andi222

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Posted 25 October 2021 - 10:57 AM

Any news why we seeing a run?

Maybe some interim info has leaked?

Results due in the next two weeks!!

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#8 AMG76

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Posted 19 August 2021 - 08:42 AM

Been holding now for a while, with the suspension. With the drop of share price again, it is looking even better to add a few more, for the medium to long term. As you said, even discounting their NAV, from just under 40c, it's a decent return.
Am also waiting on Rebosis.
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#9 andi222

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Posted 29 July 2021 - 01:16 PM

Yeah seems like they sorted their ****.

NAV of around 5 Rand as at Feb 2021.
All properties where re-valued.

They want to pay a dividend by 2023.

Let's put a 50% discount on the NaV we at 250 cents per share.

So upside potential at 55 cents is high.

I will take a small portion for the medium term.

What do you guys think?

No recommendation to trade in this share. Only personal opinion.

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#10 vishalsur

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Posted 29 July 2021 - 11:05 AM

From 35c to 55c ...nice jump..i don't have shares:(


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#11 andi222

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Posted 29 July 2021 - 10:39 AM

Lol anyone still holding this?

Saw suspension was lifted lol

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#12 RBM

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Posted 02 July 2021 - 03:56 PM

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#13 AMG76

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Posted 08 April 2021 - 08:41 PM

We still waiting on 16 April from the looks of it
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#14 AMG76

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Posted 18 March 2021 - 09:55 PM

Yip agree. Let's at least hope for some form of positive news, and info on rental collection etc.
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#15 skeez

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Posted 17 March 2021 - 07:21 PM

Results pushed back for the umpteenth time. This does not augur well for this new board. To fail to meet your own deadline 3 times is just ludicrous. I will really be pissed off should they award themselves with fat bonuses!
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#16 AMG76

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Posted 02 March 2021 - 10:40 AM

I see they have now pushed this further down now into late March I think
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#17 skeez

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Posted 24 February 2021 - 07:29 PM

Does anyone have an update on when they will apply for the suspension to be lifted? If I remember the 1 sens said it should be done before the end of the month. Thanks

Last update was the 26th. Although its really crazy that they can't announce this earlier.
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#18 AMG76

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Posted 24 February 2021 - 01:03 PM

Does anyone have an update on when they will apply for the suspension to be lifted? If I remember the 1 sens said it should be done before the end of the month. Thanks
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#19 skeez

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Posted 09 February 2021 - 08:47 PM

There is an article now with the daily maverick, about delta and rebosis possibly leaving the jse.......and going private.
Does anyone know anything more?

Rebosis more so than Delta. Rebosis sinking in proper debt. Delta has had very little operational expenses in the last year since lockdown. Have collected full rental for their properties - so they should come out of this mess stronger.
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#20 AMG76

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Posted 08 February 2021 - 12:51 PM

There is an article now with the daily maverick, about delta and rebosis possibly leaving the jse.......and going private.
Does anyone know anything more?
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