97 replies to this topic

[Polly]

now up 13%... yayyyy  im finally green!!!!!!!!!!!!!!!!!

[Lionelza1]

Good volumes too

[Polly]

at last...up 8% today...

 

once above my average cost ill start disposing....overexposed here badly!!

[Polly]

lol yea....good news tho P

yeah very good,,,think all the leases will be signed overt time...senseless paying higher rentals for same property without leases...and thats what this ANC govt is doing....eish...we taxpayers paying that higher rentals ultimately..

[Lionelza1]

no price reaction yet...  

 

lol yea....good news tho P

[Polly]

no price reaction yet...  

[Polly]

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT
ISIN: ZAE000194049
REIT status approved
(“Delta” or the “Company”)

UPDATE ON SIGNIFICANT LEASE RENEWALS WITH STATE OWNED ENTERPRISES

Shareholders are advised that Delta has concluded two significant
leases with State Owned Enterprises (SOEs), namely Eskom and SARS,
for a total gross lettable area of 21,259 sqm.

The properties are:
- 5 Simba Road, Sunninghill, a 5,253 sqm property occupied by Eskom,
renewed at R85/sqm for a three year lease period; and
- SARS Bellville, Cape Town, a 16,006 sqm property renewed at R100/sqm
for a five year lease period.

The Company anticipates further lease renewals and will keep the
market informed accordingly.

[Polly]

base building here..

 

 

from a tweet :

 

A more speculative small cap REIT is Delta Property Fund. It trades at a 80% discount to NAV.

 

The reason for the discount is very short term leases from government, although they've been concluding 5-year leases recently (see this morning's SENS).

 

At the trading update on 28 February, they disclosed a LTV of 44%, so they're still within loan covenants. According to CFO, valuations already discount the anticipated negative reversions on government leases.

 

Investec has recently been building a stake at higher levels than the current price below R2.

 

Delta has guided for lower distributions this year. One of the main reasons for this is very high, punitive interest rates on their loans due to the short WALE (duration) of leases. Hopefully this will change with longer term leases.

 

If Delta can sign more 5-year leases, you're looking at a 20% yield for next few years with 6.5% escalations every year.

 

I have factored in that Delta might retain a portion of distributable income (could be as high as 25%) for building improvements (they have old B and C grade buildings). This will keep LTV ratio at current levels (no need for borrowing).

 

Delta has valued their buildings at cap rates between 11% and 12%, and based on anticipated reduced lease renewals from government. This seems fair, or at least fair enough not to warrant a 80% discount..

 

 

so someones thinking like me...

 

I see lots of value and dividend returns here...not immedicate but over the next few years!!

[Polly]

thats my sens out on Friday....own over 5% of company 

 

 

i wish...

 

 

building a nice base.....no guarantee it will shoot the lights out yet....

[JK001]

check todays volumes too....i got a bid in for 100000 shares @  1.86...you can see it on the board.. 

 

if gone through will be total 6000000 with average cost 2.03 ....

expect a SENS soon 'notification of major shareholder change' '...in accordance to JSE rules notification must be given if 5% or more of a company is..... go Polly go.....'

Hope Polly knows that 6 zeroes in mathematical terms means 6 million.

[DayTraderDad]

check todays volumes too....i got a bid in for 100000 shares @  1.86...you can see it on the board.. 
 
if gone through will be total 6000000 with average cost 2.03 ....

Haha last time you got confused with number!!!!

[Polly]

Interesting article:https://www.iol.co.z...esults-17788831

This should set alarm bells!!!

Highlights:

Delta’s property operating expenses increased by 23.8percent to R254.1m in the six months to August from R205.3m
in the prior period, resulting in net property income decreasing by 8.8percent to R525.6m from R576.4m.

 

alarm bells??  more ilike dreaming on my bahamas vacation mate!!

 

" Delta’s property operating expenses increased by 23.8percent to R254.1m in the six months to August "

 

when was this and what the share price then?? i tell you  +R6.00

 

priced in mate, priced in....now we wait for uptick or juicy divi...

[Polly]

Looking good here P... I see volumes good also

 

check todays volumes too....i got a bid in for 100000 shares @  1.86...you can see it on the board.. 

 

if gone through will be total 6000000 with average cost 2.03 ....

[JK001]

Interesting article:https://www.iol.co.z...esults-17788831

This should set alarm bells!!!

Highlights:

Delta’s property operating expenses increased by 23.8percent to R254.1m in the six months to August from R205.3m
in the prior period, resulting in net property income decreasing by 8.8percent to R525.6m from R576.4m.

 

Hey, but the dividends are great - - the tenants top class  - and the share price going up if you stand on your head and look at the charts   

[DayTraderDad]

Interesting article:https://www.iol.co.z...esults-17788831

This should set alarm bells!!!

Highlights:

Delta’s property operating expenses increased by 23.8percent to R254.1m in the six months to August from R205.3m
in the prior period, resulting in net property income decreasing by 8.8percent to R525.6m from R576.4m.

[DayTraderDad]

confirms what i have been saying for yonks about you. and you finally admitting it..
everything you post is about you being a fisherman...not sincere posting but to mislead with ulterior motives...

Yes catching TROLLS!!!!!

[Lionelza1]

This one is itching to take off!

[Polly]

No worries this was designed to call your bluff and you took sinker and bait!!! Time will tell!!!

 

confirms what i have been saying for yonks about you. and you finally admitting it..

everything you post is about you being a fisherman...not sincere posting but to mislead with ulterior motives...

[DayTraderDad]

Thanks for the concerns but already bought more this week....
All the above you mentioned is irrelevant to me as i have my own viable investing strategy. If anyone wants to build  a successful investing career, first and foremost , they have to learn to think for themselves and not accept some hot tips or incorrect info in a chat room posted by some fake Gurus.
 
 
I can guarantee from my side I do certainly look at risk and in fact it plays a big part of my investment decision. One thing I certainly don't do is play the pump game (this I learned in the Pyramid scheme thread) and take a TATA MA CHANCE. Another thing I don't do is take notice of misleading statements by so called " Gurus" and " Mafias "with hidden agendas to change my investment decisions.
I have been trading over 35 years and I can tell you how many times ive seen this property share cycle playing. I take in all information available and try to understand it, believe me even the "Gurus" misleading posts .I read and try to understand but I cannot ever get any sensible information all I see is a serious misleading info and a serious pump and dump for a share  and the fakers who cant see the woods from the trees.
I acknowledge there is lots of risk in DLT but for me there is more positives than negatives. This you call risk management and bringing the odds on your side. Note i am not gambling as in my opinion the share is attractive and offers value at R1.80.
 
I always read the market myself and have learnt to trust my own judgement. I never ever rely on the opinions and  readings of others especially those who are fake. I am no market predictor only an expert risk manager.
 
 
This is exactly what makes good investors. To have the ability to look for value though all the noise and the patience for delivery.
 
Warren Buffett once said that as an investor, it is wise to be “Fearful when others are greedy and greedy when others are fearful.”

No worries this was designed to call your bluff and you took sinker and bait!!! Time will tell!!!

[Polly]

Great..hows auz..talking of which was looking at investec for equities and need do research...don't particularly want sa shares...any opinions..fancy plc as uk..but not sure if wise investment..enjoy hols

OZZ is great...In Melbourne for 5 days...checked out some sandpaper businesses to export to SA...heard they have the best quality to do the job here...