Delta Share Discussion Threads

[zoolook] 04/3/2010 16:00

Re. "The Offeror has received binding irrevocable undertakings to accept (or
procure acceptances of) the Offer from all of the Delta Directors in respect of, in aggregate, 362,627 Delta Shares, representing approximately 0.24 per cent"

Does this represent the Director's own shareholdings and if so is this normal practice to take away any incentive to drive the offer higher on behalf of shareholders ?

[v11slr] 04/3/2010 15:51

Not if you bought at 192p it isn't.

[robrah] 04/3/2010 15:43

do u recon 185 p is good eouuf?

[wjccghcc] 04/3/2010 15:18

Compulsory purchase by the bidder if they get over 90% acceptance.

[robrah] 04/3/2010 15:05

WJCCGHCC , thanks for the reply.

in case the 90 % of the shareholder agree , what would happen to my shares ?

the reason i ask is that i bought some more shares today at 192p ?

[wjccghcc] 04/3/2010 14:57

Board has recommended it but they still need 90% of shareholders to vote for it before it goes through in its current form.

[robrah] 04/3/2010 14:35

have the board accepted 185 p ?

if yes what happen to our holding ?

any answer on this would be very appreciated ?

[wjccghcc] 04/3/2010 11:19

Yup. Looks a bit low. I'd say it needs a 2 in front of it to get the big shareholders to agree. After all, half the mkt cap is net cash.

[rainmaker] 04/3/2010 08:47

There could be a higher competing offer or an improved offer and the "market" certainly believes there will be, since were're trading at a premium to the 185p cash offer price.I suspect that the Bidder is trying to buy Delta on the cheap but I'm going to investigate further.

regards

[rainmaker] 04/3/2010 08:44

Never mind, Irene.

regards

[irenekent] 04/3/2010 08:41

IC got this one right. Pity I didn't!

[wjccghcc] 04/3/2010 07:44

It's nice to be right sometimes:) 185p cash offer.

[wjccghcc] 01/3/2010 13:58

IMHO, once financial markets have returned to a more normal state and they can farm out most of the pension fund (as they did before), they'll sell the company. Once South Africa is sold, they'll be entirely based in Oz with an Asia focus.

[rainmaker] 01/3/2010 00:03

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

[wjccghcc] 22/2/2010 15:52

Haven't laughed so much for ages!

[tritan] 22/2/2010 15:52

BS, whats the source of your rumours?

[thecornishman2] 22/2/2010 15:16

In the January trading statement, the company announced:

"As at 31 December 2009, and after payment of a £6.8 million contribution (inclusive of one half year's contribution to administrative expenses) to the Delta Pension Plan, the Group had net cash of more than £140 million."

With more than half of the marketcap of the company accounted for by cash, it would seem to me to be unlikely that this rumour is true. As a matter of interest, where did you hear it?

Regards,

TC

[bullspread] 22/2/2010 14:44

.....'''''''......
.. ...

[usp3989] 18/1/2010 12:16

what does this rns mean guy?
anybody long term holder?

[cwa1] 18/1/2010 09:49

Thanks for that

[s50cam] 18/1/2010 09:22

Opened up about 12% up now pulling back.

[wjccghcc] 18/1/2010 08:32

EMD provided 27% of H1 operating profit. Since DLTA own 56%, they consolidate the results.