Raven Prop P Discussion Threads

[ajrossetto1] 16/2/2023 08:54

i bought a lot of shares in Feb, but it seems that the dividend payment relates to only the shares I held before this.
Is this correct? I have them on II

[stemis] 16/2/2023 08:46

The dividend comes from the sale of the interest rate caps so it's a one off. Until the situation with regard to rental income being effectively trapped in the Russian SPVs is resolved (either by release of the funds or some sort of sale of them by the Cypriot company that now owns them), there's very unlikely to be more dividends.

[uncle_sam] 15/2/2023 19:45

Divi posted into my acct today. Small things gratefully rcvd.

[drradcliffe] 15/2/2023 19:34

Well of course anything is possible. The official line @09/02/2023: "This is an exceptional payment and does not indicate a return to timely payment of preference
dividends."

[montyhedge] 15/2/2023 18:50

I wrote this off until got a dividend, do you think we could get another one later on or is it a one off. Any thoughts.

[zangdook] 15/2/2023 18:24

If the interest rate goes up to 20% after 6 months, have they got the amount correct?

IG have not yet paid. They're normally very good.

[rahosi] 15/2/2023 17:15

XO paid today into our ISAs


From the Articles of Association

If all or any part of the 12% Preference Dividend is in arrears (and for this purpose the 12% Preference Dividend shall be deemed to be payable quarterly on the dates detailed in Article 2.3.1), interest shall accrue on such unpaid sum at the rate of 15% per annum (such sum to accrue from day to day on the basis of a 365 day year but not to be compounded) from the date upon which such arrears arise until the date of payment. In the event that the arrears of the 12% Preference Dividend shall remain unpaid for six months then the interest rate at which interest will accrue on such arrears will from such time increase to the rate of 20% per annum (such sum to accrue from day to day on the basis of a 365 day year but not to be compounded).

----

From the Company website, the implication is that no Matched Bargain Trades have been settled.

[greenguy] 15/2/2023 15:45

SteMis

Thanks very much - will do

Leslie

[greenguy] 15/2/2023 14:44

Hi

I hold some Ravp in nominee account at Hargreaves’s L and Aj Bell - great surprise to see the Mar 22 quarterly divided paid plus interest !

I can’t see these latest company updates as have to have an actual share cert to register - is there a way around this?

Many thanks in advance

[montyhedge] 15/2/2023 14:17

Ii paid brilliant.

[1knocker] 15/2/2023 12:45

To have received interest at 15% is a second bonus. I didn't think such a rate was obtainable anywhere!

[badtime] 15/2/2023 12:44

Whoa ...haven't been following RAVP since last years debacle when I managed to sell with a small loss ...just checked my account and received a div ..quelle surprise..half for a treat half for Red Cross earthquake fund seems fair

[gfrae] 15/2/2023 12:41

II have paid my daughters JISA.

[stemis] 15/2/2023 12:38

Just received at AJ Bell

[ramellous] 15/2/2023 12:38

2 dividends showing in my Interactive Investor sipp at 12.30. The owed divi and the other is 15% interest.

[1knocker] 15/2/2023 12:38

Relief! Mine has come through. I take back all I said about HL. I thought I was going to have a fight on my hands with them about collecting this payment.

This payment I regard as akin to a lottery win. I had mentally written off my Raven prefs. I am still deep in the red on them, but every little helps.

I think we all ought to write to the board to thank them. They really do seem to have been working hard against great difficulties to salvage something for the shareholders.

[montyhedge] 15/2/2023 11:36

Nothing in account from Interactive Investor, normally they are good.

[drradcliffe] 15/2/2023 10:57

AJ Bell and the other brokers would have received the funds this morning.

[drradcliffe] 15/2/2023 10:55

It's in my bank account. I actually got two payments first thing this morning.

[stemis] 15/2/2023 09:30

Nothing at AJ Bell so far

[cwa1] 15/2/2023 08:44

Who'll be first to get paid? Who'll be slow(iWeb are my favourites!) Who'll not get paid at all(I'm looking at you BARC ;-))

Will be interesting to see how the runners and riders perform. Roll up, roll up...

[drradcliffe] 14/2/2023 18:32

I think you are probably right. There will be many small nominee holdings with brokers. I imagine the brokers will get the funds tomorrow (credit transfer) after that it will be a question of how efficiently each broker deposits the funds with their account holders.

[laughton] 14/2/2023 18:28

I'm guessing there are more held in nominee accounts than are held in certificates. But what do I know?
Tomorrow will tell.

[drradcliffe] 14/2/2023 17:55

If you have certificates, have arranged direct debit payment, then I don't see why you won't get paid tomorrow.

[laughton] 14/2/2023 17:27

If they've delisted doesn't that mean that they can't pay dividends through Crest? If so I imagine that dividends will have to be paid to brokers by cheque and brokers will insist that cheques clear before crediting clients' accounts.

I'm not expecting any money to show up in my account tomorrow. Will be delighted if I've got that wrong.