Delta Share Discussion Threads

[hvs] 06/7/2007 19:29

Hello !!!!!

Anyone here ?

[hvs] 06/7/2007 09:15

Here we go !!!

lets see where it stops.

[wipo1] 29/6/2007 18:43

no problem, thanks for info on stock, will put them on my watch list. enjoy your weekend.

[hvs] 29/6/2007 18:10

Think DLTA is on a much better footing so will pass.

Check out VCP and LTHM they both good solid Balance Sheet companies. Also RNWH looks very good for a BID.

[hvs] 29/6/2007 10:17

wipo1,

Thank you will do and post if I find anything interesting.

[wipo1] 29/6/2007 10:04

Hi HVS thanks for info. Market makers testing support levels in weak market, with all the cash in bank a nice bargain to be had at these levels!

Take a look at CGS, another undervalued industrial, IMHO!

[hvs] 28/6/2007 18:41

wipo1

There is no bad news about I just talked to someone in the know.

I have been buying all the way down.

Just see what happens when they issue an update around 15th July.

[wipo1] 28/6/2007 12:39

Price down on no news, I am looking to re-enter if 126p holds

[hvs] 18/6/2007 20:52

I think we are out of the woods and that is why I am now accumulating at this ridiculous price.

We had a trading statement last year around 11th July, hopefully we will have one soon.

We shall see what happens next.

[bigbertie] 18/6/2007 10:37

hvs - yes I am aware of the status as in your post 267, and in fact I think we all 3 agree! But we are not completely out of the woods. The latest triennial valuation will include new mortality rates - we are living longer so the pension fund liability will rise, and because the fund is so big that could be a big number for the company to fund. Of course other things are changing too - the stock market is rising and bond prices (which dictate the rate used to discount future liabilities) will have moved, so we just have to hope.

Really Delta is a pension fund which happens to own a small company!

[deep powder] 17/6/2007 18:39

Not an actuary but I know from a takeover point of view it is the size of the fund that is the issue.

[hvs] 17/6/2007 16:37

bertie,

If you do invest then you should keep up with current new not November 2006.

On the Delta Pension Plan, the triennial valuation was carried out as at April
2006 and is more or less completed. It is not anticipated that the Group will
need to make any supplemental contributions over and above the normal service
costs for active employees. The year end IAS 19 accounting deficit has reduced
from #3.5 million to just #0.2 million, a very pleasing outcome. That said, the
Group has to continue to support a #650 million Plan that remains large in
relation to Delta's market capitalisation. Accordingly, during 2007 the Board,
working with the Plan's Trustees, will be assessing further costs effective ways
to reduce both the risks and the scale associated with the Plan.

[hvs] 17/6/2007 16:21

I know for a fact that pension fund iwell funded and not a risk.

[bigbertie] 17/6/2007 13:48

hvs - the last annual report says the pension fund was then in a satisfactory state but was still a potential future risk. The new Group FD appointed last November was supposed to be giving it his attention. I don't think they have published anything since have they?

[hvs] 17/6/2007 13:30

lol !!!

Deep have you got your head in the sand.

Read the last report Pension Fund SORTED.

[bigbertie] 17/6/2007 13:28

Pension fund is still a problem because it is so big relative to the company's asset value. However if the deficit can be eliminated and the assets of the fund invested in safe fixed interest securities with an adequate yield, the risk can be more or less eliminated. The trustees are looking into all this.

Unfortunately we still have not seen the last actuarial valuation, which we know will assume longer life-spans and a more conservative discount rate. However the deficit was negligible at yearend (under the old assumptions) and the stock market has been doing well since, so there is some ground for hope.

Are you an actuary deep powder? If so any more detailed info would be welcome. I'm not, so all this is IMHO. DYOR.

[deep powder] 17/6/2007 12:03

It will never rocket until the pension fund is sorted out. Be aware.

[hvs] 17/6/2007 11:53

Hi bertie,

I normally go against the tide. I am convinced there is value here. I bought
40K shares. And looking to buy more. They have put the galvansing business up for sale and my estimate is that it can fetch £ 80 mill. That will make them a cash rich business and we can then look at a bid situation.

This only my opinion pls DYOR . I am very confident this is a good share to buy.

[bigbertie] 17/6/2007 10:07

hvs - your loyalty is impressive! the agm statement was a bit of a non-event. A positive announcement would be welcome - perhaps the end of the EU dumping investigation, or a transforming acquisition? Meanwhile the cash pile is hopefully earning some interest.

[hvs] 16/6/2007 20:47

Have been piling in recently. Just watch it go.

[hvs] 13/5/2007 15:22

£ 107 mill in CASH and yet under £200mill cap.

Watch this ROCKET.

[hvs] 25/4/2007 18:18

I think it will with all that DOSH tucked away.

Very undervalued IMHO. DYOR.

[wipo1] 23/4/2007 21:56

nice break of 140-141p resistance. very bullish if it can stay above 140p for a few days!

[hvs] 23/4/2007 19:29

A lot of buying coming in.

Think we will a "NICE LITTLE RISE"