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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 |
| Top Posts |
|---|
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 11/1/2024 07:32 by zangdook I assume interest would be calculated from the regular payment date, which is specified in the Admission document:Cumulative preferential dividends will accrue from day to day on the Preference Shares at a rate of 12 per cent. per annum on the Fixed Amount (being £1) from (and including) the date of issue and will be payable quarterly in equal instalments in arrears on 31 March, 30 June, 30 September and 31 December in each year My understanding was that the dividend was paid just because they managed to get some cash. I would expect the sunsequent dividend(s) to be paid if they got some more cash, as well - it's in the directors' interests as well as ours as they're big holders. |
Posted at 10/1/2024 21:12 by gfrae Zangdook, I was jusy saying that the reason that dividend was for practical reasons and not because the dividend had been declared. But I see your ppoint and may be wrong.Though I dont see how they can declare dividends months or years after the normal date....from when would interest be calculated ? I think it is a relevant discussion...how and when dividends makes a huge diffetence to their value. The underjying business should be doing well, and yhere is good chance of recouping value. |
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”). |
Posted at 29/12/2023 14:04 by stemis I'm not sure that he is incorrect.When Raven paid a preference dividend on 15 Feb 2023, resulting from sale of the interest rate caps, this is what they said "As set out in our update of January 2023 the Company has been able to repatriate additional sterling funds from part of the proceeds from the sale of the interest rate caps in March 2022. We are pleased to note that the Board has recently agreed to make a one off payment of 3.45p per preference share relating to the 31 March 2022 preference dividend and the interest due on that dividend. Payment will be made on 15 February 2023 to preference shareholders on the register at 18 February 2022, being the original record date for the 31 March 2022 dividend." hxxps://www.theraven |
Posted at 21/3/2023 14:09 by pbaker I got the RAVP dividend. What i did not understand was why it was paid to people who have sold the shares. I thought when you bought preference cumulative dividend shares you were buying the right to all unpaid dividends? So anyone who bought the shares in the last days of trading, were they not buying the right to unpaid dividends?Still can not get registered to get up to date info on raven. Not sure what i am doing wrong there. I have 100,000 of these and dream they will return to trading and dividends soon. They make the difference between a basic retirement and a good retirement. My own fault too many eggs in one basket. |
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