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JSE – DEL Profile’s Stock Exchange Handbook: 2024 – Issue 3
Delta Property Fund Ltd. Deneb Investments Ltd.
DEL DEN
ISIN: ZAE000194049 SHORT: DELPROP CODE: DLT ISIN: ZAE000197398 SHORT: DENEB CODE: DNB
REG NO: 2002/005129/06 FOUNDED: 2002 LISTED: 2012 REG NO: 2013/091290/06 FOUNDED: 2013 LISTED: 2014
NATURE OF BUSINESS: Delta is the dominant sovereign listed property NATURE OF BUSINESS: Deneb Investments Ltd. is a diverse investment
fund in South Africa, is black managed and with its level 2 B-BBEE company operating in southern Africa and is listed on the JSE under the
contributor statusisoneofthe highest empoweredfundsinthe sector.The Financial Services - Speciality Finance sector.
primary focus of the Fund is long-term investment in quality, rental SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs— DiversFinServcs
income-generating properties situated in strategic nodes attractive to NUMBER OF EMPLOYEES: 2 581
sovereign entities and other tenants requiring empowered landlords. DIRECTORS: AhmedMH(ld ind ne), GovenderTG(ne),
SECTOR: RealEstate—RealEstate—REITS—Office Jappie N (ind ne), MahlomaFK(ind ne), Shaik Y (ne), Copelyn J A
NUMBER OF EMPLOYEES: 0 (Chair, ne), Queen S A (CEO), Duncan D (COO), Wege G (FD)
DIRECTORS: CopansBD(ind ne), Matlala T (ind ne), MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2024
Mboweni S (ind ne), NjekeJN(ld ind ne), ZilwaSV(ind ne), Hosken Consolidated Investments Ltd. 69.30%
Langeni P (Chair, ne), Masinga S (CEO), Mhlontlo Z (CFO) Fulela Trade and Invest 81 (Pty) Ltd. 15.50%
MAJOR ORDINARY SHAREHOLDERS as at 23 Feb 2024 POSTAL ADDRESS: PO Box 1585, Cape Town, 8000
Cornwall Crescent (Pty) Ltd. 22.69% MORE INFO: www.sharedata.co.za/sdo/jse/DNB
Saxo Bank 15.63% COMPANY SECRETARY: Cheryl Philips
Nedbank Group 9.26% TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
POSTAL ADDRESS:PostnetSuite210, PrivateBagX21,Bryanston,2021 SPONSOR: PSG Capital (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/DLT AUDITORS: PwC Inc.
COMPANY SECRETARY: Vasta Mhlongo
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. CAPITAL STRUCTURE AUTHORISED ISSUED
SPONSOR: Nedbank Corporate and Investment Banking DNB Ords no par val 10 000 000 000 437 940 917
AUDITORS: KPMG Inc. DISTRIBUTIONS [ZARc]
CAPITAL STRUCTURE AUTHORISED ISSUED Ords no par val Ldt Pay Amt
DLT Ords no par val 3 000 000 000 714 237 410 Share Premium No 9 11 Jun 24 18 Jun 24 10.00
Share Premium No 8 12 Jun 23 19 Jun 23 10.00
DISTRIBUTIONS [ZARc]
Ords no par val Ldt Pay Amt LIQUIDITY: Jul24 Avg 71 018 shares p.w., R158 461.0(0.8% p.a.)
Interim No 14 17 Dec 19 23 Dec 19 12.19 GENF 40 Week MA DENEB
Final No 13 18 Jun 19 24 Jun 19 15.99
270
LIQUIDITY: Jul24 Avg 1m shares p.w., R261 618.9(9.4% p.a.)
230
REIV 40 Week MA DELPROP
576 190
463 150
350 110
238 70
2019 | 2020 | 2021 | 2022 | 2023 | 2024
125 FINANCIAL STATISTICS
(R million) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
12 Final Final Final(rst) Final Final
2019 | 2020 | 2021 | 2022 | 2023 | 2024
Turnover 3 528 3 290 2 880 2 604 2 872
FINANCIAL STATISTICS Op Inc 251 281 240 212 108
(R million) Feb 24 Feb 23 Feb 22 Feb 21 Feb 20 NetIntPd(Rcvd) 109 76 51 60 109
Final Final Final Final Final
NetRent/InvInc 557 625 720 735 886 Minority Int - - - - - 2
Total Inc 610 642 753 771 952 Att Inc 101 136 124 125 - 127
Attrib Inc - 66 - 728 - 145 - 454 - 936 TotCompIncLoss 118 142 128 128 - 125
TotCompIncLoss - 78 - 750 149 - 456 - 940 Fixed Ass 881 844 658 607 689
Ord UntHs Int 2 521 2 631 3 359 3 504 3 958 Inv & Loans 1 024 1 064 1 125 1 178 1 087
979
Investments 81 91 111 157 278 Tot Curr Ass 1 283 1 319 1 240 1 578 1 194
1 679
1 782
1 464
Ord SH Int
1 856
FixedAss/Prop 5 362 6 081 7 111 8 239 8 794
Tot Curr Ass 124 193 355 391 333 Minority Int - - - - 1 -
Total Ass 6 877 7 204 8 364 8 787 9 405 LT Liab 1 052 1 106 783 949 693
Tot Curr Liab 3 798 3 579 3 575 4 333 4 331 Tot Curr Liab 649 729 871 637 1 149
PER SHARE STATISTICS (cents per share)
PER SHARE STATISTICS (cents per share) HEPS-C (ZARc) 22.54 29.33 31.41 22.41 12.69
HEPS-C (ZARc) 15.90 14.75 39.74 8.78 11.90
DPS (ZARc) - - - - 12.19 DPS (ZARc) 10.00 10.00 9.00 11.00 -
NAV PS (ZARc) 352.96 364.00 476.00 489.65 828.00 NAV PS (ZARc) 424.00 406.00 385.00 363.00 337.00
3 Yr Beta 0.08 1.43 2.72 2.16 1.50 3 Yr Beta - 0.45 - 0.03 0.43 0.66 0.50
Price Prd End 14 24 60 35 42 Price High 265 270 245 200 250
101
167
70
125
Price Low
187
Price High 43 62 80 70 282
Price Low 9 24 28 20 31 Price Prd End 229 217 198 140 140
RATIOS RATIOS
RetOnSH Funds - 3.08 - 28.85 - 4.45 - 13.04 - 23.78 Ret on SH Fnd 5.43 7.59 7.41 7.87 - 8.84
RetOnTotAss 8.87 8.91 9.01 8.78 10.12 Oper Pft Mgn 7.12 8.55 8.33 8.14 3.75
0.70
0.63
D:E
0.70
0.86
0.61
Debt:Equity 1.65 1.66 1.39 1.41 1.31
OperRetOnInv 10.43 10.20 10.09 8.92 10.24 Current Ratio 1.98 1.81 1.42 1.54 1.04
OpInc:Turnover 48.98 51.33 51.83 52.20 60.87 Div Cover 2.31 3.10 3.17 2.60 -
102