200 replies to this topic

[Lionelza1]

Guys easy monies to be made here....do your own homework first...im buying in tomorrow below R2.00

 

look at yield.....At R2.00 you can get 25% divi...and leases deadlines end of this month...

 

Risk to downside is if DPW doesnt sign...

 

but value of share destructed to so low..dont think its going to go further down with new yield of 25%....share on thursday closed R1.70

 

Was R6.60 4 months back...a buy and hold for divi scenario with hopefully a80% leases back to normal by next year

 

You buying brick and mortar with a nav of + R9.00

 

worst case scenario :If company goes belly up that brick and mortar in a fire sale should yield a minimum 30%..ie 3.00

started readin up on this one

 

think u meant share closed 1.68 on wednesday

[Polly]

Guys easy monies to be made here....do your own homework first...im buying in tomorrow below R2.00

 

look at yield.....At R2.00 you can get 25% divi...and leases deadlines end of this month...

 

Risk to downside is if DPW doesnt sign...

 

but value of share destructed to so low..dont think its going to go further down with new yield of 25%....share on thursday closed R1.70

 

Was R6.60 4 months back...a buy and hold for divi scenario with hopefully a80% leases back to normal by next year

 

You buying brick and mortar with a nav of + R9.00

 

worst case scenario :If company goes belly up that brick and mortar in a fire sale should yield a minimum 30%..ie 3.00

[JK001]

Haha mist have been Steinhoff that distracted Polly. So everybody is human after all!!!!

Surprising how the infamous icon always tell drones (i see hypnotized zombies) not load to lower avg cost of shares is catching falling knives.... go polly go polly go polly...., happy to swallow comment if your advise Polly if this turns a bagger.....

[DayTraderDad]

The veteran made a mistake

Haha mist have been Steinhoff that distracted Polly. So everybody is human after all!!!!

[DayTraderDad]

thanks S...saw it now...knew something was up....knee deep with this one...and big strain on my portfolio....avergae cost +-R3.00 now..going to double up now @ R2.00 friday and get average to 2.50

 

 

 

 

DPW’s stated intention is to renew all expired leases by 31st March 2019.

Ho so this is where you run around!! Hah

[JK001]

thanks S...saw it now...knew something was up....knee deep with this one...and big strain on my portfolio....avergae cost +-R3.00 now..going to double up now @ R2.00 friday and get average to 2.50

 

 

 

 

DPW’s stated intention is to renew all expired leases by 31st March 2019.

The veteran made a mistake

[Polly]

Getting there. See SENS.

thanks S...saw it now...knew something was up....knee deep with this one...and big strain on my portfolio....avergae cost +-R3.00 now..going to double up now @ R2.00 friday and get average to 2.50

 

 

 

 

DPW’s stated intention is to renew all expired leases by 31st March 2019.

Edited by Polly, 20 March 2019 - 05:52 PM.

[Shi]

some action last hour or so...has those leases been finally signed??

 

Getting there. See SENS.

[Polly]

some action last hour or so...has those leases been finally signed??

[Polly]

sad part is.... they charging the govt depts a higher rental on a monthly tenancy than what they will pay if lease signed....This is how out taxpayers monies are wasted...

[Polly]

https://www.business...er-three-years/

possibility of leases to be signed by end of this month.....If done expect a swift recovery..If not more pain!!

[Shi]

https://www.business...er-three-years/

 

 

The company paid relatively high interest rates on the debt it raised compared with its peers in the listed property sector, because it was unable to provide clear lease profiles to banks.

 

[Shi]

https://businesstech...-start-to-2019/

[Polly]

divi wil be about .76 % of +-40c..and then payout they say will be about 75% of that with tax implication

 

so expect final divi about +-31c...going forward if govt does not sign leases , this can only get worse as loan to book at about 43% and will increase...cost of debt all increasing too...so no guarantee of future payout being maintained....now saying govt will decide by end of this month...has been going on for last 12 months

sorry final divi should be around +-26c

[Polly]

Been watching this on the way down...think it's way overdone but that's just me....

My reasoning is they have R535ish million income some of which will be a divi & 715ish million shares in issue.

Interim divi was about 39c so final could be around 30c & you can pick up some today for around R2

 

divi wil be about .76 % of +-40c..and then payout they say will be about 75% of that with tax implication

 

so expect final divi about +-31c...going forward if govt does not sign leases , this can only get worse as loan to book at about 43% and will increase...cost of debt all increasing too...so no guarantee of future payout being maintained....now saying govt will decide by end of this month...has been going on for last 12 months

[Polly]

long story here S..

 

Mr M never wrong hay...

 

keep away for moment...will post later tonight..

 

i did ass today at 2.00 though...but deep in kuk with this one

im in from R6.00..added at R5.00 R4.00 R3.00 and today R2.00

 

 

 

average R3.50

 

 

share has lost 66% in last 3 weeks....value destruction by Govt...

[Polly]

as a start hear this conference call from Friday :

 

 

http://www.deltafund.co.za/financials/

[Polly]

Been watching this on the way down...think it's way overdone but that's just me....

My reasoning is they have R535ish million income some of which will be a divi & 715ish million shares in issue.

Interim divi was about 39c so final could be around 30c & you can pick up some today for around R2

Mr Market never wrong so what am I missing here...?

Anyone else on this...?

long story here S..

 

Mr M never wrong hay...

 

keep away for moment...will post later tonight..

 

i did ass today at 2.00 though...but deep in kuk with this one

[soutie]

Been watching this on the way down...think it's way overdone but that's just me....

My reasoning is they have R535ish million income some of which will be a divi & 715ish million shares in issue.

Interim divi was about 39c so final could be around 30c & you can pick up some today for around R2

Mr Market never wrong so what am I missing here...?

Anyone else on this...?

[Polly]

Despite reduced dividend and government tenants this must be on almost 20% yield. Worth the risk? Any views?

im loading big time  on every dip...bought some this morning as well.,,,,,However property not the space to be at the moment...but if u want to hold for 2 yrs min will pay off