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RUS Raven Russia

45.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Raven Russia LSE:RUS London Ordinary Share GB00B0D5V538 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 45.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
45.60 46.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 45.50 GBX

Raven Russia (RUS) Latest News

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Raven Russia (RUS) Top Chat Posts

Top Posts
Posted at 09/5/2018 09:44 by igbertsponk
Buyback price always set much higher than the share price to make it an effective dividend that everyone elects for. They've had to adjust the buyback price upwards in the past when the share price has caught up between declaration and closing date.
Posted at 02/5/2018 17:34 by m4rtinu
This is the only date I can find, in recent RNS (and re-iterating same in Annual Accounts). It is not clear when the tender has to be done by. I have had nothing via my on-line platform (Halifax).

"The Tender Offer is open to all holders of Ordinary Shares on the Company's register at 6.00 p.m. on Wednesday 30 May 2018, who may participate by tendering all or a proportion of their pro rata entitlement of Ordinary Shares at 1 for 17 at 52p per share. No Ordinary Shares will be purchased in relation to the Tender Offer unless the relevant resolution to be proposed at the Annual General Meeting is passed." MU
Posted at 30/4/2018 17:59 by m4rtinu
MRF - As I understand it, RUS are offering to buy 1 in 17 in the tender offer/ "div" at 52p and there is the option to sell more up to one's total holding, depending on what other holders opt to sell. Is this a gift of 7p from here (less costs) or am I being dim? Thanks in advance for your view on this. MU
Posted at 28/3/2018 12:56 by davebowler
Equity Development;


Raven Russia is a Guernsey registered property investment company specialising in Russian commercial real estate. The portfolio focus is investment and development of high quality Class A warehouse complexes in major cities let to Russian and international tenants.

Recent FY17 results and the distribution to ordinary shareholders were both ahead of market expectations, and continuing stabilisation of group finances coincides with increasingly positive economic and property market data. That should shift the investment focus back on the group’s core business and Raven’s competitive positioning as a market leading provider of Russian warehousing and 3rd party logistics. It has capacity to grow, and the potential to capitalise upon Russia’s determination to modernise its economy, supply chain and infrastructure.

The results featured 10% y-o-y NOI growth, 19% in underlying EPS, and a 50% increase in the final distribution to 3p/share. Diluted NAV/share was also 13% ahead at 80c (57.5p), backed by the first uplift in appraised asset values for five years.

Raven has capitalised on £211m raised via two convertible preference share issues to build the sustainability of its financial base. The proceeds funded (a) $209m of high-yield acquisitions, which have added c $24m to the rent roll, and (b) debt reduction and renegotiation of facility terms, including reduced annual amortisation rates.

The shares are underpinned by earnings growth and an attractive yield (paid via a tender offer to buy back shares) and the positive NAV outlook. The group’s financial footing has been assisted by the improved macro and domestic real estate market backdrops. Key economic data (GDP, inflation, interest rates) are stabilising, core lettings and investment markets are operating more conventionally.

Our forecasts are conservative i.e. absorb the impact of the transition to Rouble rents but assume no further acquisitions despite $267m of year-end cash, which could clearly have a material positive impact on NOI and EPS.
Posted at 12/3/2018 08:05 by catsick
Was just going to say results look decent and may be worth getting back into the rus again as now just hold rusp and rusc but seems to have already popped !
Posted at 08/3/2018 16:47 by tournesol
Following the recent nerve agent attacks there must be an increeased risk of punitive sanctions in the offing. Presumably that will not help the share price on either ords or prefs.

Looking at the chart, 40p and below look eminently likely.
Posted at 08/3/2018 16:22 by zcaprd7
Price reacting to a prince not going to the world cup? Scary...
Posted at 16/1/2018 17:32 by zcaprd7
World cup? Normally costs money, no?High oil price should be sending this north...
Posted at 12/1/2018 15:59 by m4rtinu
I am hoping the FIFA World Cup will have a positive influence on RUS.
Posted at 29/8/2017 09:07 by davebowler
Equity Development;

Raven Russia is a Guernsey registered property investment company specialising in commercial real estate in Russia, concentrated on the acquisition and development of high quality Class A warehouse complexes in the country’s major cities and their subsequent leasing to Russian and international tenants.

Results in H1 2017 (just announced) were in line with our expectation and the Company again emphasises that it is on the acquisition trail and that it has the firepower to do so (net cash today of $237m). Gearing is now down to its lowest level since 2012, thanks to the second issue of convertible preference in July.

The purchase in April 2017 of three unencumbered properties in St Petersburg was earnings and NAV enhancing, and the first two months revenues from it served to cushion the impact of orderly transition to the new market norm of Rouble denominated rents.

Lower forex profits and Conv Pref dividends mean that earnings per share will be lower. Yet the outlook for the Russian economy is encouraging with a return to GDP growth forecast this year, and inflation falling to an all-time low.
Raven Russia share price data is direct from the London Stock Exchange

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