Raven Prop P Discussion Threads

[neilyb675] 22/2/2023 12:44

3 x phone calls to Halifax, apparently waiting a Senior Management decision. I have threatened the Financial Ombudman if they don't cough up.

[drradcliffe] 21/2/2023 17:52

Perhaps ask if you can get your RAVP holding converted to certificates? They did it for me willingly last year and didn't charge.

[neilyb675] 21/2/2023 14:16

Easier said than done, I have a very large portfolio (not boasting btw), a lot of holdings.

[montyhedge] 21/2/2023 14:12

Get your money, then change to Interactive Investor, cheap and in your account same day due.

[neilyb675] 21/2/2023 13:43

Halifax are a disgrace.

I phoned yesterday and followed up today. They have some information etc but no decision / action taken yet.

Its not for them to be ethical here. The payment has been made, other brokers are paying out - a precedent has clearly been set.

Its not their money, they simply act as middle men - and should distribute it accordingly.

[drradcliffe] 20/2/2023 22:01

Montyhedge, it's worth reading the January 2023 shareholder update. It explains what has been put in place. You'll need to register with the company via the website if you haven't already done so.

hxxps://www.theravenpropertygroup.com/

[tunley] 20/2/2023 22:00

SteMIS

I believe that the longest delay so far was getting sign off from Auditors.

Next,as I understood the last update, is that the Russian holding company of the SPV's is to relocate to the UAE. The UAE refuses to block Russian rouble transactions but also deals internationally in $, £ etc. Therefore, through the UAE banking intermediary ( or a Russian bank in UAE and most likely a few extra high cost legal and accounting snouts in the trough) loan payments will eventually make their way to Raven and then to us IF the yanks don't close this route down in the meanwhile.

I reckon 20 -30 months, all being well.

[stemis] 20/2/2023 18:57

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.

[montyhedge] 20/2/2023 18:52

Guys I know we just got a nice dividend, do you think we may get another one at sometime?

[tradertrev] 20/2/2023 15:48

Small added bonus that these dividends have come into the ISA accounts due to the xd date being before they were turfed out into ordinary accounts.

[zangdook] 20/2/2023 15:20

Their own t&cs say ten working days IIRC. I never heard it was a law though.

[waterfall city] 20/2/2023 14:38

Halifax said it was delayed due to technicalities but should be imminent as has to be within 10 days by law.

[kickingking] 20/2/2023 12:48

Thanks with that. They still one my brokers, so the money should be in my account.

[gaspump] 20/2/2023 08:29

Don't forget that the Divi will be paid to whichever account held the shares on the register 18 February 2022.

So if you took the shares in certificate format after this date (ie when they de-listed) the divi would still be sent to your old broker.

[kickingking] 19/2/2023 23:35

Well I took mine out of Halifax had them send me a certificate. Still not received cheque. Will have to get in touch with company and find out what they are playing at. Any one waiting on a dividend cheque?

[montyhedge] 19/2/2023 12:24

Interactive Investor in my account date due, what's are Halifax doing ?

[cwa1] 17/2/2023 12:53

Much obliged guys, thanks. I wote to them and they replied within an hour saying they had sorted the issue and the cash was now in the account(which it is). So a pity it wasn't in in the first place-but first class response to the issue!

[waterfall city] 17/2/2023 12:22

Nothing yet from Halifax, not the quickest from memory

[hindsight] 17/2/2023 12:01

trading account

[laughton] 17/2/2023 11:56

Mine were in a trading account.

[cwa1] 17/2/2023 11:34

Ughhhh. Now I am concerned! I've written asking them about it. If I may ask you both, were they in Trading or ISA accounts? Thanks

[hindsight] 17/2/2023 09:36

Idealing credited my account