Name Symbol Market Type
Raven Prop P LSE:RAVP London Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.50 -0.37% 135.50 134.00 137.00 136.50 135.50 135.50 5,000 08:00:24

Raven Prop P Discussion Threads

Showing 251 to 275 of 575 messages
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DateSubjectAuthorDiscuss
09/6/2019
17:33
Also he seems to have legal requirements for new funding to Proton etc who have called for the funding to be given.
eeza
09/6/2019
17:23
Agreed eeza. Surely, it follows that it can only be a matter of days or weeks before the other fund closes to redemptions leaving the investment trust to trade on its own for the next few months/a year. This week he has sold some of his more liquid stuff and, presumably, in the background he is trying to find buyers for some of the less liquid/unquoted stuff. While suspended, I don't think it matters if he exceeds the 10% threshold on unquoted holdings as long as the threshold is met by the time it is re-opened or within a few months thereafter. The delay in re-opening the fund will be because even the liquid stuff will take time to sell and the illiquid/unquoted even longer. He has sold £95m this week so that does not even meet the Kent Council pension scheme withdrawal request of £263m. At the time of re-opening he is also going to need to have a sizeable amount of cash to meet a flood of redemptions. The fund might be large at over £3B at last count but I am not too sure that helps in the context of the likely flood of redemption it will need to meet on re-opening - perhaps £1B but that is a pure guess. Also, if the Hargreaves funds indicate that they would like to withdraw some/all, I think it is game over and the entire fund(s) will need to be wound down - then is it a 2 year suspension with interim cash payments along the way?
kenny
09/6/2019
16:23
One of the biggest problems Woodford has is that he has 3 funds, and needs to sell his most liquid funds to satisfy escalating redemptions. The problem is, of course, that increases his %age of illiquid/unquoted stocks. There is a 10% ceiling (supposedly) for those. And this at a time when he is saying that he is selling the illiquid/unquoted to increase the funds liquid holdings.
eeza
09/6/2019
13:48
I predict that Woodford is going to be shut for months rather than weeks, perhaps even a year. At least one article I read today refers to a closure of "months". Everyone points to the unquoted and illiquid shares he holds. The logical deduction from that is it is going to take a very long time to unwind some of those positions. The FCA is going to give him as long a closure as he needs: after all, what other option has the FCA got. They can hardly push for a quick resumption because that would only lead to a "dis-orderly market" and "orderly markets" are one of the things they are charged to maintain.
kenny
09/6/2019
11:31
110p I would buy some off him, lol
montyhedge
08/6/2019
18:15
Couldn't sell in the Market, so would have to be a negotiated trade. BOD would not want such a large holding ending up in unsympathetic hands, RAV may consider buying in the holding.
eeza
08/6/2019
17:17
What if he doesn’t have a choice due to redemptions or regulatory involvement?
gary1966
08/6/2019
09:06
Can't see Woodford selling these. They throw off so much income that he desperately needs to show his funds will work.He's been caught be having such a wall of money coming in that he had to invest in every IPO that happened, and a lot of them were rubbish.
igbertsponk
08/6/2019
06:36
Looks like Woodford forced seller in his holdings, will he sell Raven?
montyhedge
06/6/2019
10:14
If there is a spike lower then I for one will be adding. I expect there will be many more thinking the same thing.
tyranosaurus
04/6/2019
12:32
Prob no bad thing if Woodford were to exit. May see an initial spike lower but should soon recover. Hopefully it would provide more liquidity if multiple holders came on board.
horndean eagle
04/6/2019
11:05
I can't see Woodford coming back from this, 110p I would buy the lot off him, lol
montyhedge
04/6/2019
09:16
The company should use some of its spare cash bidding these back from woodford at 110p I am sure he would bite their arm off, win-win
catsick
03/6/2019
19:41
Looking at the income fund RAVP is no longer listed as holding , C and ordinary still are .
holts
03/6/2019
19:19
Citywire's take. hTTPs://citywire.co.uk/wealth-manager/news/woodford-equity-income-suspends-dealing-after-spike-in-withdrawals/a1235061?ref=wealth_manager_all_stories_list
eeza
03/6/2019
18:10
Thanks Monty. Looking at the press release, it says it is so that Woodford can "reposition" its unquoted and less liquid stocks. I doubt it will return and it may enter a long winddown period. I do not have any holding in his funds but I do think this is good news for investors. It gives him time to place his holdings which will help to ensure holders receive full value. I don't know what the effect will be on RAVP. I guess if they find new holder(s) quickly - which should not be too difficult as it is only £11.5m - then it removes a big seller from the market. More of a potential problem for RAV and RAVC where the figures are much larger. If like me, you are invested for the coupon, it makes no difference because this will work itself out over time.
kenny
03/6/2019
17:26
Woodford suspends fund, look like investors want out.
montyhedge
03/6/2019
10:28
I think they are busy selling their holdings in Imperial Tobac , which now how have a very impressive yield .
holts
03/6/2019
07:08
He would be most reluctant to sell this, probably his only winner.
montyhedge
01/6/2019
14:48
To be honest if Woodford has to sell and the price gets depressed for a while, I'll probably pick up a few more, been a good income for me for a few years now.
owenski
01/6/2019
14:36
Well spotted - I have amended. These days it's easy to mix up millions with billions!
kenny
01/6/2019
12:36
Afternoon Kenny he still has a total of £3.77m under management Wow. I knew his funds had done badly but not THAT badly ;-)
cwa1
01/6/2019
11:16
Woodford's funds own 8.1m of RAVP so I do not think there will be any problem placing that number. If the nightmare scenario you imagine was to occur, then much more of an issue for Woodford is the 87.7m RAVC he owns as well as the 81.4m ordinaries he holds. In any event, the above holdings are small in the context of the total funds under management - he still has a total of £3.77b under management. Woodford funds have a lot more that is much more liquid e.g. at least 70% of each fund is more easily disposed of before he even looks at the stuff which is less liquid. Also, if things start getting as bad as you imagine, he will announce he is going into wind-down which will secure an orderly wind down. Keep calm and keep collecting the coupons!
kenny
31/5/2019
23:36
Its looking increasingly likely that woodfords funds are going to implode and his big block of these are going to be put up for sale as a block, given you cant even sell 10k of these in the market let alone 10 million I wonder where they will end up, nice fat yields with a strong underlying company I suspect they will find a new home, would be nice to be able to pick some up at par where I imagine a block of this size would have to trade ..... I think its all going to happen in the next 3-6 months
catsick
22/5/2019
19:04
You couldn’t make it up
holts
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