Raven Prop P Discussion Threads

[stemis] 07/5/2022 10:52

No, you haven’t.

See post 1956. The properties are held by seperate subsidiaries (SPVs = special purpose vehicles), which are Russian companies owned by the Cyprus holding company Raven Russia Holdings Cyprus Limited (“RRHCL”). Within these SPVs is the debt relating to each property. The rents will be collected by the SPVs and then first used to service the debt (or maybe not if the bank is non Russian). Any left over will just be held in the relevant company. Part of the difficulty is getting that money out of the SPVs due to sanctions. Most of the rents are collected in roubles. I refer you to note 32 of the accounts.

[dandigirl] 07/5/2022 07:29

Can’t get comfortable with these proposals. Insufficient transparency.

As has been said, there is no reason to hold up accounts.

Guess these proposals will have been discussed and agreed with Quilter and others so it is a done deal.

It will not make any difference, but especially given the lack of any incentive, I will not be voting in favour.

[dandigirl] 07/5/2022 07:23

No, you haven’t.

[stemis] 06/5/2022 19:49

I've just answered that

[dandigirl] 06/5/2022 17:03

wskill: I noticed that and wondered where it has been paid? currency? where it is now?

[stemis] 06/5/2022 16:13

The rents will be accumulating in the SPVs and servicing the debt within them. Without analysis of the SPVs (what property and debt is in each) it's impossible to assess which will ultimately survive and to value them.

[zangdook] 06/5/2022 16:00

this is the page with the documents

[wskill] 06/5/2022 15:37

Thanks dandigirl good that 98% of the rent was collected just not sure for who its going to be good for.

[igbertsponk] 06/5/2022 15:33

Update out

[dandigirl] 06/5/2022 15:17

Just out. More on their site.

Needs some deciphering.

hxxps://www.theravenpropertygroup.com/media/1596/20220506-ordinary-shareholder-circular.pdf

[koolio] 03/5/2022 12:12

Don’t need MI6 when gfrae has the (real) information.

[gfrae] 03/5/2022 12:07

Unfortunately.....it's tosh.

[dandigirl] 03/5/2022 10:29

Thank you trev, very interesting.

[tradertrev] 03/5/2022 08:53

This could be interesting.....

[the monkster] 02/5/2022 22:57

to them yes...not to you or I.

[waterfall city] 02/5/2022 13:31

They could have wound the company up and distributed the cash which is worth 20p+, by doing this they must feel there's potentially more value than that.

[the monkster] 01/5/2022 16:56

total wipeout would be my guess.

[my retirement fund] 01/5/2022 14:13

why publish when you can keep things opaque with the perfect excuse?

[badtime] 29/4/2022 15:35

The dividend payment that I mentioned has now disappeared..without any communication from AJ Bell ..I'll be giving them a buzz for their explanation

[dandigirl] 28/4/2022 17:02

I agree, Zang. That was my first thought too. However, whatever is produced has to be viewed in the context of post balance sheet date events.

Frankly, I consider RAVP to be worthless. Should some payment be made in the future, it would be a bonus.

[zangdook] 28/4/2022 16:45

I don't really see why Ukraine should prevent them publishing their results to 31 Dec.

[amjed0403] 28/4/2022 16:37

RNS - early May for publication of delisting circular. Next week it is then.

[irish_neris] 27/4/2022 12:36

Doubt we'll hear anything for a long time

[dandigirl] 25/4/2022 18:39

am wondering when we will hear more.