ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

DLTA Delta

184.75
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Delta LSE:DLTA London Ordinary Share GB0002615069
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 184.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 184.75 GBX

Delta (DLTA) Latest News

Real-Time news about Delta (London Stock Exchange): 0 recent articles

Delta (DLTA) Discussions and Chat

Delta Forums and Chat

Date Time Title Posts
23/4/201016:07DLTA charts and news479
28/3/200514:28DELTA has this stock finally reversed?121

Add a New Thread

Delta (DLTA) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Delta (DLTA) Top Chat Posts

Top Posts
Posted at 24/3/2010 23:40 by rainmaker
FOR IMMEDIATE RELEASE

24 March 2010


Delta plc ("Delta")

Preliminary approach


The Board of Delta confirms that it received yesterday a preliminary approach
from a third party about the possibility of a competing offer for Delta and that discussions with the third party have commenced.

There can be no certainty that a competing offer will ultimately be made or as
to the terms of any competing offer if made.
A further announcement will be made when appropriate.



Rainmaker - 20 Mar'10 - 00:50 - 466 of 470 edit


Thank you, an interesting piece Cornishman. The market is agreeing with them since the Delta share price has continually traded at a premium to the bid price. I fully expect to see an improved offer or a competing bid as the offer is too cheap on fundamentals eg approx £300mln for a Company with cash flow generated from operations of £86.4mln

regards
Posted at 24/3/2010 11:53 by meadow50
Probable 210p eventual takeout price by valmont suggested by analysts maybe substantially increased in a competetive situation that we may now have.Fingers crossed!
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 20/3/2010 00:50 by rainmaker
Thank you, an interesting piece Cornishman. The market is agreeing with them since the Delta share price has continually traded at a premium to the bid price. I fully expect to see an improved offer or a competing bid as the offer is too cheap on fundamentals eg approx £300mln for a Company with cash flow generated from operations of £86.4mln

regards
Posted at 19/3/2010 22:54 by tritan
Good read TC2. Glad they're holding off accepting the offer. Only wish they gave an indication of what they thought a reasonable offer price would be but suppose they wouldn't really wish to say in the article.

I'm happy to hold out as beleive the company is worth more.

Good luck.
Posted at 04/3/2010 17:45 by mavros
The 2 analysts offering 12 month price targets for Delta PLC (DLTA:LSE) have a median target of 202.50, with a high estimate of 210.00 and a low estimate of 195.00. The median estimate represents a 31.71% increase from the last price of 153.75.

Took this off the FT site
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 18/1/2010 08:19 by cwa1
Hi s50cam

Do you have a link to a quote to a DeltaEMD price quote?

Thanks in advance.
Posted at 18/1/2010 08:11 by cwa1
Morning chaps

The announcement this morning got me interested:-

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the Company has commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. This process might have a material effect on the price of the Company's securities and accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.

What sort of effect would a "material effect" on Delta SA have on 56% UK Delta holder? Is there an opportunity here that the market hasn't cottoned on to yet, or is it small beer?

I'm not familiar enough with the company to make a properly informed opinion but I would appreciate any comments from Delta followers here.

Many thanks
Posted at 21/10/2009 09:05 by cwa1
Hoping that fundies will out eventually in terms of the share price. Patience required here I suspect
Delta share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock