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
  0.00 0.0% 131.50 129.00 134.00 131.50 131.50 131.50 38,351 07:43:04

Raven Prop P Discussion Threads

Showing 251 to 275 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
21/6/2019
06:15
I think may go lower, I think Woodford going to have to sell most of his assets in the suspended income fund.If you have a force seller, everything gets hit what they own.Just my opinion.
montyhedge
20/6/2019
15:33
real share price at the moment is 130.1p sell / 131.66 buy, so can buy 9.1% yield
martincc
19/6/2019
22:53
It s all about far this falls now.
11_percent
19/6/2019
06:47
This one? https://www.thisismoney.co.uk/money/investing/article-7153679/Fidelity-Personal-Investing-blocks-customers-putting-money-Woodfords-Income-Focus-fund.html
cwa1
18/6/2019
19:33
More trouble for Woodford, online Daily Mail article tonight.I just wondering if he will have to sell this or part of the pref to raise cash, for redemptions.
montyhedge
14/6/2019
15:36
On 14 June 2019, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.50% per annum. Annual inflation slowdown is continuing...... hxxps://www.cbr.ru/eng/press/keypr/
kenny
13/6/2019
15:19
Yes, all the trades look like PI trades, but you get the sense that the MM has been given a bunch to dispose of, hence dropping the price regularly on small trades.
eeza
13/6/2019
13:33
He can't sell them on the market so he'll have to sell them to another fund at say a 10% discount. He's got 8.2% worth £11m of RAVP so that's do-able. Shifting RAV and RAVC will be far more challenging. There's always a price. I sense he's trying to hang on to them as all the trades since suspension look like PI's to me.
cc2014
13/6/2019
12:51
He`ll have fun trying to sell these on the market. Price is sinking already.
tyranosaurus
13/6/2019
11:43
Woodford must be trying to sell anything in a fire sale. Raised 95m after a week, no where near even one investor Kent Council want back 263m.
montyhedge
11/6/2019
21:37
Thanks for posting that article. Actually, I was aware of the connection so, if I knew, I am sure the market generally knew. Not too sure what the point of the article was. Certainly, as far as RAVP is concerned it is very reassuring because it states: "He also owns two classes of Raven preference shares: a far better investment, given their high yields." I like a "better investment"! Note, it does not mention that Anton Bilton is the son of the late Percy Bilton, a legendary property developer.
kenny
11/6/2019
17:35
A very interesting post from the WPCT thread posted by daffyjones daffyjones 11 Jun '19 - 17:44 - 7736 of 7736 0 1 0 I'd always wondered about Woody's dodgy investments in Russian property. What was his connection with this field? The Times breaks it down: Neil Woodford's Cosy Connections ...But what about another connection? It’s one that goes to the heart of those dubious share listings in Guernsey: a caper even Financial Conduct Authority boss Andrew Bailey finally seems to have spotted. It’s the Woodford association with Anton Bilton and Glyn Hirsch. Who they? The executive deputy chairman and chief executive of Raven Property, the investor in Russian warehouses. Mr Woodford has been an enthusiastic backer ever since the business arrived on Aim in 2005 under the moniker Raven Russia. The following year it raised £310 million at 115p via another Woodford ally: stockbroker Cenkos. And, on the face of it, it’s not been the greatest investment. Today the shares stand at about 40¼p. Woodford Investment Management owns 13.6 per cent of the business, while his old shop Invesco has 32.5 per cent. Indeed, Raven Property accounts for 0.6 per cent of Woodford’s gated equity income fund. But it’s not ordinary shares that have chiefly attracted him. He also owns two classes of Raven preference shares: a far better investment, given their high yields. The Raven convertible pref is the 12th biggest holding in his equity income fund, making up 2.18 per cent of it. It yields 5.7 per cent. But that’s not the only link to Mr Bilton — husband of model Lisa B — and Mr Hirsch. They are also chairman and non-exec director of Sabina Estates, the developer of luxury properties in Ibiza. Via five separate holdings, Sabina makes up 1.7 per cent more of Mr Woodford’s gated fund. Not only that. Those stakes were the first to be listed in Guernsey: all part of Mr Woodford’s apparent ploy to pretend his fund does not breach the 10 per cent limit for unlisted, illiquid investments. He followed up by listing his stakes in artificial intelligence group Benevolent AI, energy outfit Industrial Heat and tech investor Ombu. And who, you ask, was the sponsor to these listings? Belasko Corporate Finance, a subsidiary of Belasko Group: a provider of “fund, corporate and fiduciary services”, backed by none other than Messrs Bilton and Hirsch. As the financial firm notes: “Belasko is a Basque word meaning little raven.” In short, in his hour of need, up popped Mr Woodford’s Raven pals to sponsor his iffy Guernsey listings. Belasko is the sponsor to about twenty separate listings of his stakes in the four companies — largely in preference shares that aren’t even traded. Add in the Raven stakes and the holdings account for almost 11.5 per cent of his suspended fund.
eeza
11/6/2019
12:54
What we need is a Russian Oligarch to step in and buy up all of Woodford’s holdings in the three share classes of this company. In theory, the company must be attractive because it has become the single biggest owner of warehouse property in Russia. In practice, I don’t suppose it will happen! Keep calm and keep collecting the coupons (my new mantra!!).
kenny
11/6/2019
08:59
Thanks, good explanation, the brown stuff not really hit the fan on Woodford income fund, I bet on the 28 day review it does not trade, must be a queues of investors looking to sell.Bit like having a run on a bank if customers lose confidence.
montyhedge
11/6/2019
08:25
See Kenny's post #143.
eeza
11/6/2019
08:11
What's Woodford holding here, seems his dumping quite a lot of stock in other companies.
montyhedge
10/6/2019
23:37
"Russian Stocks Exorcise Ghosts of Crimea as Returns Surge" https://www.bloomberg.com/news/articles/2019-06-10/russian-stocks-exorcise-ghosts-of-crimea-as-dollar-returns-surge
kenny
10/6/2019
12:51
Its up to near the maximum lending facility with Northern Trust in the Woodford patient trust, ends January.
montyhedge
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
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