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
  -1.50 -1.14% 130.00 126.00 134.00 0.00 0.00 - 0 07:30:02

Raven Prop P Discussion Threads

Showing 276 to 300 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
01/7/2019
15:11
Holts - I agree that is makes sense for him to hang on to RAVC and RAVP. They may be non-FT250 or FT100 holdings but they produce the income he initially promised to his "Income Fund" investors. A bit up in the air whether he is forced to do a total wind up or he gets replaced as manager of his two funds. I think those are the two alternatives - his plan to reopen once he has sold all the illiquid holdings is, in my view, not based upon the reality of the situation. Whatever transpires, this could all drag on for a very long time, so in the interim, I wonder if the FCA can find grounds to revoke his licence, forcing him to, more or less immediately upon that event occurring, hand over management.
kenny
01/7/2019
14:57
My guess on the ravc is there will be a load of arm twisting to do a new bond deal which can fund retirement of the existing bonds ... but will really just be a bunch of expense that is not needed
catsick
01/7/2019
14:57
I would imagine he would really like to hang on to P and C .
holts
01/7/2019
14:54
Is it today, thought it was tomorrow, yipee, lol.
montyhedge
01/7/2019
14:52
Nicely reassuring thud as the dividend hits the account today.
cwa1
01/7/2019
14:51
I see another Woodford company gone bust today, Metalysis a 3 d printer company. Held in Patient and I think equity income.
montyhedge
01/7/2019
14:47
In my opinion, the buyback looks like a very good deal for the company. It would be even better if they stop the half yearly buyback of the ordinaries - the so called "dividend". Note that once the announcement of the placing was out, the share price of the ordinaries has jumped 4% today. Let's hope the same happens when Woodford places his holding in RAVP! The increased NAV for the ordinaries - projected at a pro forma 72p post the buybacks - certainly supports the value of RAVP. I wonder what Woodford will do with RAVC, value about £115m, which is certainly more difficult to place that his RAVP holding which has a current value of under £11m.
kenny
01/7/2019
07:06
As a pref holder i would vote against paying woodford the market price for these ! Make him sweat and lowball him , only they are mates doing each other a favor!
catsick
24/6/2019
12:17
Now 133.72p to buy with HL. 57,000 shares purchased today at 133p.Friday you could buy for 131.66p.So looking like RAVP as bottomed.
garycook
22/6/2019
19:38
In many ways long term holders should be hoping it goes lower - more tax free scrip dividends ?. It really is a win win
otemple3
22/6/2019
11:13
It is a shame that private investors are being frightened out of RAVP just because Woodford may sell. I guess this reinforces what I always say – RAVP is only for long term holders. The fundamentals of the company remain strong and I believe there might be some good news in coming months.
kenny
22/6/2019
09:59
Agreed, but good chance to buy a few more.
11_percent
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
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