Raven Property Share Discussion Threads

[igbertsponk] 31/8/2021 10:24

Arguable it is favourable to all shareholders, as the Company benefitted hugely from the discount Invesco accepted. Just it wasn't all shared equally with all shareholders.

[zangdook] 31/8/2021 10:08

I agree there's no point whining about it. Nor imho is there any point trying to engage with the poster you were replying to. He seems to have neurological difficulties.

[zangdook] 31/8/2021 10:01

Given the company resources they deployed in "sorting it out", they could have sorted it out in a manner much more favourable to shareholders.

[igbertsponk] 31/8/2021 09:21

They spent years trying to find someone to take out Invesco. Even at the bargain rate that Invesco were willing to sell, no institution stepped up to take them. So the management sorted it out.
If you don't like it, move on and find something else to whine about.

[cwa1] 31/8/2021 08:20

Equity Development update:-



An attractive total return outlook is underpinned by the prospect of further underlying NAV growth from a near ideally placed portfolio. Despite that the shares are 46% below end June NAV/share, supported by a 7.4% prospective yield. That discount should narrow if the second half sees some stabilisation of the political backdrop and firmer RUB/GBP. As an alternative, the Cumulative Preference Shares provide exposure to the core property case and an assured 10.7% yield.

[zangdook] 31/8/2021 07:40

Glyn Hirsch CEO said "It's pleasing to see net asset value per share rebounding to 50 pence, especially following the placing of Invesco Asset Management's ordinary share holdings, almost entirely to me and my mates, at 21.6 pence in May."

[igbertsponk] 31/8/2021 07:10

Cracking results today. NAV per share up from 40 to 50p!Occupancy and rents up, all good!

[hindsight] 20/8/2021 14:16

FX halved though, not that im making excuses for those involved. The recent deal says it all on them.

[zangdook] 20/8/2021 00:32

That bears repeating.

Russian stock market at 10 year high. RAV near all time low.....well done directors ! With help from Quilters, Shroders and Investec.

[gfrae] 19/8/2021 18:00

Russian stock market at 10 year high. RAV near all time low.....well done directors ! With help from Quilters, Shroders and Investec.

[gfrae] 19/8/2021 18:00

Russian stock market at 10 year high. RAV near all time low.....well done directors ! With help from Quilters, Shroders and Investec.

[gfrae] 26/7/2021 11:05

What astonishes me most about the recent deal...is that the institutions who voted it through must have known that the inevitable consequence would be that the share price would fall. Presumably they took the short sighted view that they were getting some cheap stock in the placing, but did not think that this would affect the share price ?!
In addition the only way that we are likely to see fair value here is by takeover , now that that has been made almost impossible, why would the shares go up.
Eddison et al can write a 1000 notes saying how cheap they are.....but who cares ? Management will almost certainly end up doing shareholders a favour by taking these shares off their hands when it suits, at a price that suits them for some reason like "Russia is out of favour" or the "inability of shareholders to properly assess the inherent value".
Schroders, Quilters etc have allowed this to happen for short term gain, if I get the energy I will attempt to ask them why they have allowed this to happen.
Raven management make sure that annoying shareholders don't talk to them.

[my retirement fund] 29/6/2021 14:12

No sign of anything fro. AJ bellend

[tradertrev] 28/6/2021 10:08

Anyone had their cash from the tender yet? HL and Barclays not there yet.

[igbertsponk] 23/6/2021 09:39

EXPECTED TIMETABLE OF EVENTS
2021
Latest time and date for receipt of Tender Forms and TTE
instructions from CREST Shareholders 1.00 p.m. on 17 June
Record Date for the Tender Offer 6.00 p.m. on 17 June
Annual General Meeting 10.30 a.m. on 18 June
Outcome of Tender Offer announced by 8.00 a.m. on 21 June
Bank accounts credited or cheques despatched for certificated
Ordinary Shares purchased pursuant to the Tender Offer and
payment through CREST for uncertificated Ordinary Shares
purchased pursuant to the Tender Offer by 28 June
CREST accounts credited for revised holdings of Ordinary Shares by 28 June
Despatch of balance share certificates for unsold Ordinary Shares by 28 June
If any of the above times and/or dates change, the revised times and/or dates will be notified to
Shareholders by an announcement through the Regulatory Information Service of the London
Stock Exchange. All references in this document are to London time unless otherwise stated

[gfrae] 22/6/2021 10:04

As many as you want on offer as usual...........so much for removing the overhang!

[cwa1] 15/6/2021 17:00

Barclays Investors is certainly not a "smart" brokerage choice IMVHO

[igbertsponk] 15/6/2021 15:27

The tender is always a good offer, priced so you'd be mad to reject it.

[casholaa] 15/6/2021 15:01

I think the tender is a good offer.