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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Raven Prop P | RAVP | London | Preference Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.00 | 20.00 |
| Top Posts |
|---|
Posted at 04/8/2024 16:10 by stemis I'd be a littl careful with the analysis. Raven doesn't own the properties any more but owns preference shares and debt in the company that does. It's the ability of that company to pay the prefs and debt which will determine the value of prefs and ordinaries in RAVP. |
Posted at 04/8/2024 15:44 by pbaker Ravenrussia, this is based on the £700million the CEO said might be left if debt was repaid. Minus the 20% management bonus if they repatriate funds. The figures for the shares in issue were taken from the last company announcement which included these figures.As with Laughton I have written my value down to zero. I had been buying Raven for many years and the highest price I had paid for my preference shares was 146p. The preference dividend would have made up 36% of my pension income. A lesson to all income investors. Try not to get carried away with one holding. With 20/20 hindsight do not let any share become more than 5% of your income. A sensible me would hold 20 different shares or more, so if anything happened to one it would not have such a hit. I have still not learnt my lesson as RE.B still makes up 30% of my current pension income.(I am de-risking this position and will not buy anymore and will sell some above 100p)Though it would have been nearer 20% if RAVEN had not been caught up in pointless sanctions. |
Posted at 04/8/2024 10:41 by stemis gfrae,they are equity, with a fixed dividend. They sit behind debt in a winding up but ahead of ordinary shares. I haven't looked at the articles of the company but generally no dividend can be declared on ordinary shares until arrears on preference shares have been paid. |
Posted at 02/8/2024 13:48 by pbaker This all sounds very positive. Fingers crossed for a listing and a return to dividend payments. I look forward to reading your summary tonight. I dream of dividends as this would completely change my retirement. 136900 shares £16428 of dividends a year.I manage all my families investments and in total we had 210514 shares. I am interested in all updates posted. |
Posted at 24/1/2024 16:45 by pbaker 10 million ordinaries for £26k. Though I can see very little value in the ordinaries, ever. If it gave you a seat on the board a years wages could easily cover the out lay! Not sure if 10 million is enough?The west need to push a peace plan in Ukraine. War benefits, Lockheed Martin and a few other companies but no one else. A UN mandated territory for the occupied region with a plebiscite in 25 years time? It could work for both sides? Peace in Ukraine and a resumption of dividends. I long for the day when the preference shares return to a London listing, I will use my future RAVP dividends (I can dream) to enjoy holidays across Europe. |
Posted at 10/1/2024 14:30 by tradertrev Ok, to try and put this rather silly debate to rest. A while back I bought REA Holdings cumulative 9% prefs. These had at least a couple of years of arrears of pref dividends. When they declared a pref dividend that included some catch up of the arrears, I received it, despite having bought a long time after what you might call the "regular" pref dividend payment date. The ex div date follows the declaration of the dividend, not what one might call the regular payments date.The dividend we received last year had already been declared and assigned an ex div date, which is why the dividend got paid to the accounts that held it at that time, not where they got moved to following cancellation of listing. |
Posted at 29/12/2023 22:47 by zangdook So...the March 2022 dividend which was paid in February 2023 went to the holders on the ex-dividend date in February 2022 only because that dividend had been formally declared. I was (mistakenly) assuming the ex-dividend dates were written in stone like the payment dates. Not so:Payment of the 12% Preference Dividend shall be made to holders of Preference Shares on the register at any date selected by the board no earlier than 42 days prior to the relevant dividend payment date. So the board could select as record date for all the missed dividends a date long after they were originally due. |
Posted at 29/12/2023 14:58 by zangdook I think what people are concerned about is, if you sell (or buy) them, who is entitled to the dividends whose ex- dates passed before you sold, and I think from our experience with the one dividend that has been paid, as Stemis points out, the seller is entitled to those past dividends, and the buyer only to dividends going ex- after the purchase date.Edit: this next sentence may be wrong, because the ex-dividend dates for post-March 2022 overdue payments have not yet been declared: So if you were to buy some today you would be gambling on the company being profitable going forward, not on it being able some day to pay its past debts. This sentence is still correct: But they're still cumulative prefs. |
Posted at 29/12/2023 14:46 by tradertrev SteMiS - what you are referring to is simply the effective ex-dividend date, which itself was based on the original record date. This meant that although prefs had to be transferred from ISA accounts to non-ISA accounts, the fact that they had gone xd prior to this transfer meant that the dividend went to the location the prefs were held on the day prior to the effective ex-dividend date, i.e. the ISA account.The same would apply in relation to any other sales and purchases prior to the effective xd date. This has nothing to do with the cumulative aspect of the prefs. All previous unpaid dividends have to be paid before any dividends can be paid on ordinary shares. These dividends will be paid to the holders as per the record date/xd date as and when such dividends are declared. So if you hold these currently and keep them you stand to receive any and all dividends that get paid, including ones from the past that haven't been paid or declared. |
Posted at 29/12/2023 14:38 by zangdook 2.3.1 The holders of the Preference Shares shall be entitled to be paid, subject to the provisions of the Law, a fixed cumulative preferential dividend in priority to any payment of dividend to the holders of any class of shares other than Convertible Preference Shares at the rate of 12% per annum of the Fixed Amount (the “12% Preference Dividend”), such dividend to accrue on a daily basis from and including the date of issue of such Preference Shares and to be payable in equal instalments quarterly in arrears on 31 March, 30 June, 30 September and 31 December (or in the event of any such date not being a business day on the next day which is a business day) (each such date being referred to as a “dividend payment date”). |
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