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
  +0.00p +0.00% 132.00p 131.00p 133.00p 132.00p 132.00p 132.00p 5,982 07:45:47

Raven Prop P Discussion Threads

Showing 276 to 300 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
02/7/2019
10:06
Now that Woodford has become more realistic and admits they will have to/wish to retain illiquid stocks, I can see that the fund may actually return from suspension. Monty - I would tend to agree with your statement.
kenny
02/7/2019
10:04
Reduces cover for us though, so risk increased
hindsight
02/7/2019
09:27
I see that Raven are buying in all the Woodford ordinary shares. And then having to buy some of the Invesco ones so that they don't go over 30%.Annoying that a steady long term holder is having to sell. But great news for NAV per share.
igbertsponk
02/7/2019
08:12
I can't see his suspended fund coming back for 7 months.
montyhedge
01/7/2019
21:36
In this afternoon's statement on the Woodford website, I note the following sentence which may be of interest: "The portfolio will continue to be focused on undervalued companies, but the majority of them will be FTSE 100 and FTSE 250 index constituents." So the majority of holdings will be FT100/FT250, which means that a minority e.g. up to 49%, will not. I interpret this as realistic. Most of the unquoted stuff may not be saleable for a long time. Also gives him wriggle room to retain RAVC and RAVP because they are producing income which he needs, not least to meet his fees. Later in the statement it includes the following, which is further confirmation that there still will be illiquid holdings: "The suspension will be lifted when the fund’s repositioning is complete, with less exposure to illiquid stocks."
kenny
01/7/2019
16:47
Unfortunately buyback increases gearing and so its bad news for the prefs and convertibles. Have to hope they don't go down a similar route for Wooodfords prefs and convertibles. They could really do with stopping buybacks on the ords for a couple of periods in order to replenish cover. Doubt they will though. The terms on the convertibles were not at all generous so they may need to do something there to persuade holders to convert into equity.
horndean eagle
01/7/2019
16:11
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
15:57
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
15:57
I would imagine he would really like to hang on to P and C .
holts
01/7/2019
15:54
Is it today, thought it was tomorrow, yipee, lol.
montyhedge
01/7/2019
15:52
Nicely reassuring thud as the dividend hits the account today.
cwa1
01/7/2019
15:51
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
15:47
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
08:06
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
13:17
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
20:38
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
12:13
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
10:59
Agreed, but good chance to buy a few more.
11_percent
21/6/2019
07:15
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
16:33
real share price at the moment is 130.1p sell / 131.66 buy, so can buy 9.1% yield
martincc
19/6/2019
23:53
It s all about far this falls now.
11_percent
19/6/2019
07:47
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
20:33
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
16:36
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
16:19
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
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
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