Raven Prop P Discussion Threads

[santar] 29/12/2023 11:26

SteMIS - remember they haven't paid the pref divs not because they don't have the money but because they can't get the funds out of Russia. Hopefully at some point they will find a mechanism to do this.

[stemis] 28/12/2023 23:04

If management think there is value in the ords (even a penny's worth compared to a purchase price of 0.25p, although I doubt they buy just to make a profit of £71,250) then it is 'encouraging' for the prefs. For the ords to get anything the company would have pay the missed pref divs and interest thereon, which by 31.12.23 amounts to around 23.74p a share.

[tradertrev] 28/12/2023 22:15

The prefs are cumulative, not sure why gfrae is saying otherwise.
Don't understand why the management team of the holding company is buying the ords - they really can't have any value at all as the prefs will take forever to pay off. Unless for some reason they don't want someone else getting hold of them.

[montyhedge] 28/12/2023 22:02

Thanks, must of touch a nerve with Nelly, sounds like he's done he's dosh big time and it's hurting financially.

[dandigirl] 28/12/2023 19:54

monty: An extract below from the Chairman's letter of last October fyi

"""I also take this opportunity to remind shareholders that the Company has a share trading facility using a monthly matched bargain process. Details of the facility are explained on our website in the “InvestorsR21; section. One trade has been settled in the year so far"""

However, Bilton, Hirsch and others bought 9.5m ords at 0.25p a few days ago. Their group now control about 30%.

[gfrae] 28/12/2023 16:50

They are cumulative. You can of course buy them.

[stemis] 28/12/2023 11:18

Yes, they are cumulative and quarterly. Any unpaid dividend accrues simple interest at 15% pa and, if unpaid after 6 months, thereafter at 20% pa.

[montyhedge] 28/12/2023 11:09

Guys just a question is the Pref div, accumulating, I know not paid of course, can you buy pref for a gamble that it will be paid one day?

[rahosi] 19/12/2023 10:36

AGM 29 Dec 10:30

[drradcliffe] 09/12/2023 00:25

@gfrae Maybe, but I'm not sure whether that would mean they would need local staff and additional costs. Sorry, I'm just guessing.

[gfrae] 08/12/2023 17:46

Yes, I think you are right.
Would there be any benefit of Raven Property moving there too ?

[drradcliffe] 08/12/2023 17:34

I think it's the Russian MBO, Phoenix, that has completed its move to Abu Dhabi. As far as I can see no update for Raven Property itself.

[gfrae] 08/12/2023 15:29

On the website there is an updated version of the above.
The move to Abu Dhabi has been completed.
You need to log in to the website and look for latest news.

[dandigirl] 08/12/2023 14:19

fyi

Further to our previous communication, we have received an update regarding Raven Property Group Limited.

The company continues to work with its UK advisers to navigate the sanctions terrain and the passing of control to the Russian team. The main issue it has is that counterparties, both here and in Russia, are reluctant to be involved in any cross-border movement of funds out of Russia.

As a result, the company has begun investigating the possibility of re-domiciling the company to the Abu Dhabi Global Market (ADGM), to source a wider pool of counterparties willing to engage.

Any further updates on this proposal will be released upon receipt.

Following its delisting on 28 June 2022, the company has implemented a share trading facility using a monthly matched bargain process, to assist shareholders wishing to trade their ordinary shares and preference shares.

[pbaker] 02/12/2023 14:10

dandigirl, I hope they find peace soon. Each life on either side lost is a needless waste. I miss my dividends. Though the US are not involved yet, with the US election being next year,Peace in Ukraine would be a feather in Biden's coffin.
To all RAVP shareholders Merry Christmas and wishes for a Peaceful New Year full of dividends.

[dandigirl] 02/12/2023 13:55

Came across this earlier today.

Interesting for RAVP, if correct.

""""Meanwhile, the president [Biden] and his foreign policy aides have also been left on the outside as serious peace talks between Russia and Ukraine have rapidly gained momentum.

“Everyone in Europe is talking about this”—the peace talks—an American businessman who spent years dealing with high-level Ukrainian diplomatic and military issues in the government told me earlier this week. “But there are lots of questions between a ceasefire and a settlement.” The veteran journalist Anataol Lieven wrote this week that the battlefield situation in Ukraine and thus “a ceasefire and negotiations for a peace settlement are becoming more and more necessary for Ukraine.” He said that it was “exceptionally difficult” for the Ukrainian government headed by Volodymyr Zelensky to agree to talks, given its repeated refusal to negotiate with Russian President Vladimir Putin.

The driving force of those talks has not been Washington or Moscow, or Biden or Putin, but instead the two high-ranking generals who run the war, Valery Gerasimov of Russia and Valery Zaluzhny of Ukraine...""""

[deadly] 02/11/2023 15:10

So your inflation rate is based on "talking to most people" across Europe? Signs of any brain cells there?

[pbaker] 02/11/2023 15:07

It was just pointing out that everyone reports what they want, from Russia to the EU. As always what i want from RAVP is either a stream of dividends or the Russian management to buy our Prefs back at 100p and make good the arrears. Though any of that seems just a dream. So I will wish for Peace on Earth for Christmas as well as the dividends. Merry Christmas to you all as I dream of Dividends.

[stemis] 02/11/2023 14:53

Not sure what relevance that has to RAVP

[pbaker] 02/11/2023 14:30

Look at any stats, they can be made to tell you whatever you want. Euro inflation is just 4.3% HICP. There is deflation in The Netherlands 0.3% deflation? Though talk to most people and they will tell you inflation in most basic goods is near 8%. So the EU inflation is without doubt the biggest load of BS. Though if you discount most things that are going up and give a larger weighting to things going down, hey presto The EU has low inflation. Now thats Magic.

[hindsight] 02/11/2023 12:06

Before even debate how much data is doctored, there is a reason why they have 15% base rates and large scale currency controls

[stemis] 02/11/2023 11:44

Does anyone really trust the economic data that comes out of Russia?

[pbaker] 02/11/2023 10:27

Sanctions on a country the size of Russia, mostly effect those putting the sanctions on Russia. India and most of Asia and China continue to trade with no restrictions. So they are still trading easily with most of the world.
Find a solution to the war, have Peace. Pay my dividends.

[ramellous] 02/11/2023 06:16

Sanctions not really having much effect?

Russia

Corporate profits (August) rose to Ruble 21.4 trillion from Ruble 18.6 trillion higher than expected Ruble 20.8 trillion

Real wage growth (August) 9.5% year-on-year up from 9.2% above expected 8.5%

Unemployment (September) unchanged at 3% but expected to rise to 3.1%

Business confidence (October) rose to 4.6 from 4.4 as expected