Raven Prop P Discussion Threads

[montyhedge] 22/5/2019 08:16

Being lazy boys when is payday ?

[igbertsponk] 16/5/2019 16:07

Ex div today so would expect the 3p drop, but as usual it's not ALL happened today. Brokers often catch up though, so not counting the fat juicy chickens yet.

[tyranosaurus] 16/5/2019 15:41

Once again the price does not reflect the 3p xd.
Only 1p drop

[kenny] 09/5/2019 22:22

"Russia's Stock Market Keeps Breaking Records"

Worth a read.

[montyhedge] 09/5/2019 19:02

Every 13 weeks, superb.

[igbertsponk] 09/5/2019 08:51

Ex div on 16th May. The next 3p has come round fast!Cash cow!

[cwa1] 09/5/2019 07:22

Expected but satisfying:-

Raven Property Group Limited ("Raven" or the "Company")

Preference Share Dividend (RAVP)

The Directors of the Company confirm that the quarterly payment of the preference dividend in respect of the preference shares of 1p each with ticker RAVP (the "Preference Shares") will be made, in accordance with their terms, on 1 July 2019 in respect of the period from 31 March 2019 to (but excluding) 30 June 2019. The record date for the payment of the preference dividend for the Preference Shares is 17 May 2019 with an ex-dividend date of 16 May 2019.

The Preference Shares will be entitled to a gross dividend of 3 pence per Preference Share.

A scrip dividend alternative (to be settled in Preference Shares) will also be available for all preference shareholders in respect of the preference dividend.

[montyhedge] 06/5/2019 16:31

Sergo warehouses booming and the shareprice of course UK. But shows warehouses now more important than shopping centres.With logistics for internet deliveries, storage etc. The boom will come in Russia.

[kenny] 05/5/2019 14:20

Average Moscow office rents increased by 0.8% in Q1 2019. Surely it cannot be long before warehouse rents start to rise? So far, I have not seen anyone release a Q1 2019 report on warehouses so I am a bit in the dark, at present.

[kenny] 21/4/2019 23:03

"Russia Easily Sells $2 Billion of RUBLE-Denominated Debt"
hxxps://www.checkpointasia.net/russia-easily-sells-2-billion-of-ruble-denominated-debt/
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Worth a read - also see mention of foreign investors noting sanctions "fatigue”.

[kenny] 21/4/2019 22:47

It appears that Volodymyr Zelenskiy may have today won the election, by a landslide, to become the new Ukrainian president. This gives new hope for peace with Russia (he has pledged to bring an end to the war) and, in due course, the lifting of sanctions, as per this article:

"Putin Ally to Ukraine's Probable New Leader: Do Deal and Get Territory Back"

hxxps://www.themoscowtimes.com/2019/04/19/putin-ally-to-ukraines-probable-new-leader-do-deal-and-get-territory-back-a65306
====================================================================================
There could be many a slip along the way to peace, so I caution to treat this development only as "hope value": until we see what develops. However, it seems encouraging, not least because other commentary I have read states that Putin is keen to get out of Ukraine because a) it is costing a fortune to support the rebels and, b) to obtain sanctions relief albeit any deal must give something to Russia in order that Putin does come out saving face.

P.S. The ruble is moving higher on this news.

[kenny] 21/4/2019 22:23

"Questor: yes, it looks like Bank Rate has peaked at 0.75pc. What does it mean for our stocks?" Published 19 April 2019

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You may need a subscription to The Telegraph to read this article. Basically, it confirms and explains why interest rates may have peaked in the US, UK and Eurozone, and that the consensus for the next move in UK interest rates is down.

[kenny] 18/4/2019 15:21

Gone into backwardation again today.

[igbertsponk] 18/4/2019 13:41

Nice to see the 140 range again. Glad I've been adding.Also good to see some of the nasty posts on the other board have been dealt with.

[cwa1] 18/4/2019 08:23

Thanks Kenny, appreciated. I've had pretty much all of them for aeons now and it's nice to get a little moment in the sun-post the Aviva "theft" attempt a short time ago. The only ones I've added in the recent past have been RAVP, BWSA, STAC and a bit of ELLA. One thing for sure is that there is no doubt that they WILL drop when they go XD :-) However, as you are doubtless aware, you will still most likely get a similar yield on them unless there is some unusual market inefficiency-tho' it is always worth keeping your eyes peeled for that!

[kenny] 18/4/2019 08:06

CWA1, just the usual preference shares which I am sure you are well aware of e.g. LLPC, STAC, STAB, LLPD, LLPE. As you are aware, there are about 6-8 more quoted in London but the above were marginally higher yielding. That was two days ago and the position has probably changed because each have moved up daily by differing percentages. I think I might have to wait for one to go ex-div, when hopefully the price will drop, and then buy.

[cwa1] 18/4/2019 07:42

Kenny, if not too rude to ask, which prefs did you look to get in to? FWIW I'm a fairly hefty long time pref holder that is always interested to see where others currently see value. Apologies to all for the modest off topic diversion-but I reckon it probably interests most people that are currently in RAVP and other prefs. Cheers

[garycook] 18/4/2019 02:17

Kenny,Finally in at 139p yesterday.Thanks for your posts.

[kenny] 17/4/2019 23:02

I agree that “in time” RAVP will reach at least 160p. I think on a three year view we could see a lot higher than that. After all, 160p is a 7.5% yield and if recent US analysts’ comments are to be believed, may be a bargain price - more than one market analyst is stating that interest rates will not rise again in their lifetime!!

Based upon my view on interest rates, I have been trying to buy a few other London quoted preference shares but it is proving difficult despite the fact that over the last few weeks they have been marked up relentlessly – most daily. Yesterday, I tried buy orders on two different preference shares and on each occasion, was only offered the princely amount of 1,000 shares. (Those of you who have been around some time will know that the only reason I am not adding to RAVP, other than through scrips, is that my family already have a very material holding in RAVP).

Clearly, there are numerous investors that believe interest rates are going to stay low for the foreseeable future – which is proven by the intense buying of every single preference share quoted in London.

If and when RAVP reaches, say, a 7% yield, a price equal to 171p, I think the quandary, for some, will then be: why take a capital gain when you are then “locked out” of a high yield for what might subsequently prove to be 5 years, 10 years, or even longer. An interesting quandary to face – if and when we get there.

Important warnings – I am hopeless at predicting future share prices so nothing in this posting should be taken as a buy recommendation and also RAVP is really only for money that a person can leave invested for many years. Don’t count upon a capital gain in 5 or 10-years’ time but do expect a regular quarterly dividend with a scrip option. If you want more than that, I suggest you look to invest elsewhere.

[my retirement fund] 17/4/2019 20:57

I shouldn't be at all surprised to see this headed toward 1.50 to 1.60 in time.

[montyhedge] 17/4/2019 16:31

Backwardation I thought it meant market makers are short, sold stock they don't have and are trying to buy has cheap has possible, to meet obligations. I may be wrong, but if right 145p boys.,

[kenny] 17/4/2019 11:30

Share price has gone into backwardation this morning - 139.25p to sell and 139p to buy. Must be a severe short term shortage of stock at the market makers. From the little I know about backwardation, unless sellers appear, the stock price jumps. It will be interesting to see how this resolves itself!

[igbertsponk] 17/4/2019 11:19

JLL sent me this yesterday. Pleasing take up and future rental growth.