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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Delta | DLTA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 184.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 184.75 | 184.75 |
| Top Posts |
|---|
Posted at 23/3/2010 15:38 by davebowler .. (from crystal amber) the Fund acquired its original holding of 2.5 million shares in Delta from mid-December until mid-February at an average price of 145p. In January, Crystal Amber met management and presented proposals aimed at releasing embedded value within the business. At the beginning of March it was the subject of an agreed bid by Valmont at 185p (the dividend of 4.8p for 2009 was cancelled a few days before pay date). The current share price is 191p. ...the fund manager He sent the attached letter yesterday. His letter points out that the Delta board did not update the market on their better than expected 2009 earnings before publishing full year prelims on 8 March (actual eps was 17% ahead of the Arden estimate). He believes this was surprising given that Delta issued a post-close trading update on 26 January. Richard thinks the offer clearly undervalues the business as evidenced by the fact that Valmont's stock market worth has already risen by more than the enterprise value (market cap less net cash) of Delta plc and thinks that cancelling the 4.8p dividend for 2009 just 4 days before it was declared was not the correct way to treat shareholders. ..... a note from the Arden analyst who says: "I also published on Delta in January highlighting the value and long term strategic options for this group. I would note that I valued the business between 199p to 226p and placed a medium term price target of 195p. This was all before the results came out so far ahead of expectations." |
Posted at 09/3/2010 14:35 by wjccghcc Give it a chance. They haven't even dispatched the offer circular yet. It's not a final offer so can be raised if needed. Personally, I think we'll at least get the final dividend reinstated. |
Posted at 01/3/2010 00:03 by rainmaker Breakout of triangular formation on chart suggests a move to 213p. Looking at Delta's fundamentals, surprised that no one has commented on the imminent sale of EMD in South Africa(in which Delta is a shareholder) and the payment of a special dividend from the proceeds.regards |
Posted at 18/1/2010 08:32 by wjccghcc EMD provided 27% of H1 operating profit. Since DLTA own 56%, they consolidate the results. |
Posted at 18/9/2009 19:48 by s50cam I notice that two directors are currently exercising and selling some options, is anyone aware how many they have to sell ?Once they have finished and its no longer ex-divi there appears to be alot of potential for another sharp rise. |
Posted at 15/12/2008 13:30 by davebowler The Company is now in a position to advise shareholders that the trading performance ofthe business for the twelve months ending 27 December 2008 is forecast to be a substantial improvement from the year ended 27 December 2007. Earnings before taxation is forecast to be between R102 million and R122 million and headline earnings before taxation is forecast to be between R104 million and R125 million for the twelve months ending 27 December 2008(2007: Loss before taxation of R222.1 million and headline loss before taxation of R141.4 million). Earnings and headline earnings before taxation have been reduced by the cost incurred in managing the Group's Australian EMD plant since production ended at that plant during March 2008, and increased by gains realised on the sale of certain Australian raw materials. Excluding the costs related to the closure of the Australian plant and the gains realised on raw materials, earnings before taxation is forecast to be between R115 million and R137 million and headline earnings before taxation is forecast to be between R117 million and R143 million for the twelve months ending 27 December 2008. Operating profit before taxation for the twelve months ending 27 December 2008 is forecast to be between R130 million and R158 million, inclusive of the costs in managing the Australian plant since production ended in March 2008 and the gains realised on the sale of certain raw material, which compares to an operating loss before taxation of R68.2 million for 2007, excluding closure costs and a profit on sale of land in Australia. Earnings per share for the twelve months ending 27 December 2008 are forecast to be between 145 cents and 177 cents (2007: Loss per share of 419 cents). Headline earnings per share are forecast to be between 146 cents and 178 cents (2007: Headline loss per share of 297.9 cents). Cash balances are forecast to be in excess of R200 million at 27 December 2008 (December 2007: R218.3 million). This is after the return of capital by way of a capital reduction of R112.6 million (229 cents per share) and the payment of a special dividend of R49.2 million (100 cents per share) to shareholders during 2008. Necessary cash balances will be retained until such time as the cost of rehabilitating the Kooragang Island residue disposal facility in Australia is determined and a tax query relating to the Group's sale of its Industrial Services businesses during 2005 is resolved. The board anticipates payment of further special dividends when the cost of rehabilitating the Kooragang Island residue disposal facility is determined, when the 2005 tax query is favourably resolved and when value is realised through the sale of the Group's Australian EMD production site and Kooragang Island residue disposal facility. Opportunities for realising value from the sale of the Group's land, plant and equipment in Australia continue to be developed with favourable prospects. The board also anticipates payment of regular dividends following the Group's year end results. The forecast financial information on which this trading statement is based has not been reviewed and reported on by Delta's auditors. Delta's results for the twelve months ending 27 December 2008 are expected to be released on or about 23 February 2009. This information is provided by RNS The company news service from the London Stock Exchange END TSTGUGWPPUPRUBA |
Posted at 13/7/2008 09:55 by wipo1 Hi HVS, hope you are ok and not too badly effected by the downturn.Last few weeks been brutal, DLTA holding up not too badly considering, L&G topping up last week, a good sign fund managers looking for a safeish place for their cash, with very high NAV(mostly in cash) should hold the price up. I hope! |
Posted at 19/3/2008 11:17 by wipo1 p.s Size of the pension still a worry especially with the state of markets, hopefully DLTA can sort this out and downsize it. |
Posted at 17/3/2008 10:07 by wipo1 Hi HVS,Results out today, look not too bad, DLTA still have a wad of cash, 128million quid, should support the price even in these markets? Yeah things very tough, Labour only bothering about public sector no workers! Borrowing too much cash, I am topping up in euros, pound sinking as UK has a load of debt. |
Posted at 23/1/2008 14:10 by wipo1 Hi HVS, thanks for info.Yes sounds good advice. I am holding a few small caps, CGS,BMS and still in DLTA due to the massive discount to NAV. On a longer view there is great value, who dares wins as del boy says! take care. |
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