146 replies to this topic

[skeez]

Not sure what delta gets out of a merger with rebosis. Should have rather waited till rebosis started selling their assetts. Very little movement in the market or is it still early days?

Sent from my SM-G930F using Sharenet Sharechat mobile app

[andi222]

Interesting, Delta and Rebosis plan merger. Time to buy? Will be a huge fund I think.

 

JOINT CAUTIONARY ANNOUNCEMENT – POTENTIAL MERGER OF DELTA AND REBOSIS

Shareholders of Delta and Rebosis (the "Parties") are advised that their respective boards have, in-
principle, agreed to enter into exclusive merger discussions in order to affect a potential transaction,
subject to various outstanding matters and stakeholder engagement and support ("Merger").

Transaction Rationale

Delta and Rebosis are well respected Real Estate Investment Trusts with a focus on retail and
commercial property in South Africa. The Merger represents a natural consolidation of the Parties'
shared vision and strategy for the South African real estate market and represents a mutually
beneficial step in unlocking value for shareholders. It is envisaged that the Merger will result in, inter
alia, the following benefits:

- provide scale and diversification in the sector through consolidation of the individual balance
sheets of the Parties;
- enhance the Parties relationship with the Department of Public Works and Government;
- provide scale for restructuring the Parties' balance sheets, particularly as it relates to
managing the loan-to-value ratio to an optimal level;
- provide for the reduction in capital costs through credit profile enhancement; and
- bolster tradability and improve liquidity for shareholders through the creation of a significant
player of scale.

Next Steps

As is standard with a transaction of this nature, the next steps include a reciprocal due diligence,
discussions with key stakeholders, finalisation of the transaction structure, decisions around the new
management team and board composition. Shareholders and the market will be updated on the
process in this regard.
Cautionary

Accordingly, Delta and Rebosis shareholders are advised that, as discussions between the Parties are
ongoing, shareholders should exercise caution when dealing in the securities of Delta and Rebosis,
until a further announcement is made.

[Polly]

Hi

Is this share still a buy? prospects?

I see it pays good dividends

 

Thanks in advance

Hi N

 

 

i own a truckfull at +-1.80....in for divi...

 

recent developments to help you make ur decision..

 

1. interest rate drop will help bottom line significantly co of gearing.

 

2. loan repayment due in August 2019 to Nedbank....Question is have they got liquidity to repay?? or will renew loan with another financier?

They trying to sell some properties but difficult maker to do that....

 

3. NAV is over R8.00

 

 

Do your own homework

[nosh]

Hi

Is this share still a buy? prospects?

I see it pays good dividends

 

Thanks in advance

[DayTraderDad]

told you im chinese...
 
You cant even read or remember...

No you not Chinese you are a person with a huge short person complex with a warped sick mind hiding behind anonymity!!

Like I told you many times get help ASAP!!!

[Polly]

You are behind repair now confirms you are a very sick person.

It's criminal to be a racist in SA. You are a disgrace to the South African nation!!!!

Further anyone taking advise from a Racist sick person is crazy!!!

told you im chinese...

 

You cant even read or remember...

[DayTraderDad]

You are behind repair now confirms you are a very sick person.

It's criminal to be a racist in SA. You are a disgrace to the South African nation!!!!

Further anyone taking advise from a Racist sick person is crazy!!!

[Polly]

Hay you forgot to add they also cold blooded murderers!!!

[DayTraderDad]

Posted Today, 12:12 PM

I just want to bring to every ones attention that Polly is a RACIST:


Posted Yesterday, 04:24 PM (23/06/2019) on the Thread: "Steinhoff New clean thread....."


"DTF you must be Jewish because they the only people i know that lie through their teeth and actually believe their own lies as the truth!!!"

[Polly]

Yes if you were so clever why did you not sell!!! You see you don't know everything!!!! You just another human been but in your case you very arrogant!!!!

i am clever thats why i didnt sell..     

 

i will be adding...

[DayTraderDad]

Yes if you were so clever why did you not sell!!! You see you don't know everything!!!! You just another human been but in your case you very arrogant!!!!

The teacher that knows nothing just know to insult people on the chatrooms this is known as TROLL. So there you go POLLY THE TROLL.

Edited by DayTraderDad, 28 May 2019 - 07:11 PM.

[DayTraderDad]

a1.PNG
 
 
 
latest delta daily chart as of Friday
 
1. support uptrend line holding...bounced on thursday and friday perfectly of trendline  ..as of Monday support will be about R2.12
 
2. looking at chart price really moved up nicely, broke through resistance line...went o high of 2.75 and then pulled back to suppprt around R2.20
 
3. reason for pullback :
 highly overbought...check stoch...stoch now turning down into sell signal..worrying
rsi ..thats got a little to go to 20 so hopefully buyers will come in again at support
thats tech views reasoning
 
Other views :
 
1. i remember a large buyer at over 1million shares in one go at R2.20... this has to be an institution i reckon...so if he sees value at R2.20 i reckon he will come back and buy at R2.20...Thats why on Thursday during the  i bought back the 20% of my shares i sold at 2.55 a few weeks ago  back at 2.17......and guess what at Thursday closing auction price back above R2.20...think it closed at R2.27...  so im confident 2.20 will be very strong support...However if closes below R2.20 means that buyer not there and this could mean trouble for this share.
 
2. results due any time soon..Maybe this week,...could be inside info selling it down as results not impressive..
3. Reb results came out this week and market smashed reb shares to below R1.00...maybe this move in delta is in sympathy with reb with i just hope is the case...although in similair sector of property market Delta is a totally different company with much higher quality of assets , lower loan to book ratio and higher net asset vales..

Yes if you were so clever why did you not sell!!! You see you don't know everything!!!! You just another human been but in your case you very arrogant!!!!

Edited by DayTraderDad, 28 May 2019 - 07:10 PM.

[Polly]

 a1.PNG   127.67KB   0 downloads

 

 

 

latest delta daily chart as of Friday

 

1. support uptrend line holding...bounced on thursday and friday perfectly of trendline  ..as of Monday support will be about R2.12

 

2. looking at chart price really moved up nicely, broke through resistance line...went o high of 2.75 and then pulled back to suppprt around R2.20

 

3. reason for pullback :

 highly overbought...check stoch...stoch now turning down into sell signal..worrying

rsi ..thats got a little to go to 20 so hopefully buyers will come in again at support

thats tech views reasoning

 

Other views :

 

1. i remember a large buyer at over 1million shares in one go at R2.20... this has to be an institution i reckon...so if he sees value at R2.20 i reckon he will come back and buy at R2.20...Thats why on Thursday during the  i bought back the 20% of my shares i sold at 2.55 a few weeks ago  back at 2.17......and guess what at Thursday closing auction price back above R2.20...think it closed at R2.27...  so im confident 2.20 will be very strong support...However if closes below R2.20 means that buyer not there and this could mean trouble for this share.

 

2. results due any time soon..Maybe this week,...could be inside info selling it down as results not impressive..

3. Reb results came out this week and market smashed reb shares to below R1.00...maybe this move in delta is in sympathy with reb with i just hope is the case...although in similair sector of property market Delta is a totally different company with much higher quality of assets , lower loan to book ratio and higher net asset vales..

 

 

[Polly]

Hi Polly

Is there a reason this has dropped by soo much this week?

Sent from my SM-G930F using Sharenet Sharechat mobile app

check the chart im posting with explanation

[skeez]

Hi Polly

Is there a reason this has dropped by soo much this week?

Sent from my SM-G930F using Sharenet Sharechat mobile app

[Lionelza1]

She goes P.... Hope it breaks that R2. 63 resistance

[Brab]

Thanks Polly.

[Polly]

Hi Polly, do you think we should sell DLT now?

also refer to sens issued today by REB....they in similiar position with DLT...they had a few leases signed by today with dept of public works.. so signing of new leases seems ongoing which is good for delta going forward...

[Polly]

Chart of Delta Properties:

 

a1.PNG

 

 

 

 

tech analysis :

 

1. support upward t/l at R1.90

2. lilca serrated line at R4.19 whiich is too far away higher than price....

 

    means solid recovery underway...

    or price goes sideways for a long time till that lilac ma comes down over time

 

3. next resistance is R2.63

4. red and brown averages now both starting to point upwards but brown needs to cut above red for price  sustain this momentum upwards

5. stoch and rsi reaching the overnight levels...so price may go sideways to down once overthought reached , indicators unwind and then back up..However price can also remain in overnight territory for ages if volumes sustain it..At moment lots of big volume bids.. IF bids disappear then price will fall...

 

 

Conclusion:

 

If you see the 1.70/R1.80 area price was stuck there for over 2 months and this was typical base building, or support territory , or clever money buying and when this happens we normally have a breakout to upside..

R2.63 level is now the line n sand....Needs to break this to go up convincingly, otherwise cleaver money may start dumping again...results out  soon.. Was  a poor trading statement which knocked price to the floor but leases are now being resigned so going forward very very attractive to get in for traders with high risk appetite. For those conservative traders , wait for results and a break above R2.63 to go long..All stops at R 1.85....take profit going forward could be anything between R3.00 to R5.00  with a nice fat juicy reit dividend of over 20%...

 

thats my tech view posted on weekend....

 

i sold some at 2.50 to lighten my holdings.... balance i hold for R3.00 minimum or divi if it does not go higher!!

[Brab]

Hi Polly, do you think we should sell DLT now?