Raven Russia Share Discussion Threads

[envirovision] 03/12/2014 09:47

Although hitting multi year lows, the warrants are over valued by probably 10 pence perhaps more and the preference shares are also slow to react.

I sometimes wonder if there is a bit of a disconnect with whats really going on economically and politically in Russia and Raven due to its larger supporting shareholders.

[jane downs] 02/12/2014 10:37

SP Angel Morning Oil & Gas Caza Oil & Gas, Genel Energy, Andes Energia, RusPetro and others
2 December, 2014

[igbertsponk] 18/11/2014 11:25

Invesco been adding. now over 29% so can't add many more.

[guernseymoney] 07/11/2014 12:19

On the currency, can I assume that Raven hedge everything into £?

Surely still going to be a ccy loss going on now with the Rouble plummeting and sliding to new lows?

Any thoughts appreciated.

[qs99] 07/11/2014 09:21

Anyone know the date of the next update? Looking at last year there was one end of November? looks an interesting play on yield/earnings IMO....

[guernseymoney] 05/11/2014 09:27

Thanks IgbertSponk (great name btw).

[igbertsponk] 05/11/2014 09:08

Yes. So you get a capital gain rather than a taxable divi.

[guernseymoney] 31/10/2014 10:28

Sorry to be really thick here, but how does the tender offer work?

RUS don't pay dividends but buy back shares at above trading price i.e. engages in share buy backs as opposed to cash dividends?

[bisiboy] 04/10/2014 18:05

i think given the amount of property held by russians around the world
that they would be insane to consider confiscating property assets at home

[wantage] 26/9/2014 11:36

extraordinary in light of Putin's announcement, shares haven't reacted.

[caradog] 26/9/2014 08:09

Delegate from Putins party has presented a proposal for a new law that would allow the Russian state to confiscated foreign assets to be used to compensate Russian citizens who have had assets frozen overseas. May come up in Duma on Oct 29th. (Report in Swedish financial press)

[hectorp] 22/8/2014 17:29

Strong uptrend grahamburn, which may hit resistance soon. The share activity has become considerably more volatile . Consequently it could be worth holding on OR taking a short view soon.

[grahamburn] 22/8/2014 17:17

Interesting trade and price action this afternoon from just after 2.00pm.

Any views from anyone on why this might be the case and where the share action goes from here?

[grahamburn] 06/8/2014 14:44

(This is my follow up comments/query to Kenny's post on the RUSP board in his post 962 on that board.)

Interesting analysis, Kenny, with some sound reasoning, assuming your back-up figures and statistics (which I have not verified) stack up.

One inconsistency stands out. You state that you "have cautioned against investing in the ordinaries" and yet you admitted yesterday (in post 956) that Neil Woodford was investing in the ordinaries "for the long term potential".

Can you square the circle on these two posts?

I admit that, as of today, the prospective yields and the political environment makes the preferences more attractive from an income and stability perspective. However, I still stand by my decision late last year when I switched emphasis from preferences to ordinaries which may well be borne out by Woodford's recent purchase. I was partly influenced by the conversion process offered by the company, but I also purchased additional ordinary shares. At the time the consensus seemed to be that the conversion offer was a forewarning that the company may well be looking to redeem all the preferences in the short to medium term.

[kenny] 06/8/2014 14:05

See the RUSP board for some comments I have posted today which may also be of interest to ordinary shareholders.

[igbertsponk] 21/7/2014 14:22

Why so Monty ? Woodford has already taken a big chunk of the RR Pref shares into one of his funds.

[montyhedge] 21/7/2014 14:13

Lol, No Chance.

[montyhedge] 21/7/2014 14:13

Lol, No Chance.

[igbertsponk] 21/7/2014 14:06

Bet the 5m trade is Woodford putting some in his new fund. He has always been a big RR fan.

[grahamburn] 21/7/2014 14:02

This is clearly affected by market sentiment against anything with a connection to Russia (the name definitely doesn't help either!). The trading volume has jumped since Thursday, but still not massive, so probably more market makers taking a cautious view. Even today the volume is still small, if one ignores the single trade of 5,155,000 at 10.01. That looks like a buy, but might just be a sell, though a trade of that size would usually have knocked the price downwards.

Clearly the mood music for this share will remain negative for some time. However, as their business is established in Russia and trades effectively within its borders, it shouldn't be subject to trade sanctions except in terms of the foreign exchange risk and/or possible restrictions on releasing funds out of Russia. Hopefully, the company has, as mentioned in its reports, has a sophisticated and sensible hedging policy in place to manage these risks adequately.

[fangorn2] 26/6/2014 17:44

Great timing!!

On the day Barclays is getting done for Dark Pool misbehaviour they get appointed as Raven's joint Advisers. Still, even with this tarnish they've far better City pull than Singer.

[grahamburn] 04/6/2014 18:08

Or as the results effective said a 3p dividend per share on ALL your shares, paid via the tender offer of 85p on 321 shares - same difference, but might explain it better as a "dividend".

[the monkster] 04/6/2014 12:46

ok - im thinking there must have been some incentive to go down the ord route whether one is buying or exchanging prefs other than the income stream which is almost negligible. Dont think i'll buy them back but instead just convince myself the ords have paid a dividend of 321 x 85p !!!!

[igbertsponk] 04/6/2014 12:02

In income terms, it was expected at the time of the conversion of half the prefs to ords that the income would equalise in 2015. So expect "dividends" to rise to an annual 6p a share equivalent.