Raven Prop P Discussion Threads

[redhorse2020] 12/3/2024 10:44

Let's hope so! Would be interesting to go along to the AGM if I wasn't in Gurnsey. Anyone know if there's an option to join remotely? I seem to remember them doing a webinar last year but think that was just an update.

[tunley] 12/3/2024 10:41

Finally, I hope the outcome is better than what is postulated here, but it's not like we can do much about it really...

[tunley] 12/3/2024 10:40

Also don't forget Quilter (dandigirl is that you by the way) are at 30%+

[tunley] 12/3/2024 10:38

I guess (hope) 2052 is a typo and should be 2025?

[redhorse2020] 12/3/2024 09:26

Yes but "this was agreed with the largest shareholders" - who also happen to be the employees who will benefit the most from this scheme!I think 108 million should be a bit more than 15 pence per preference share but even so it seems like a pretty low bar to achieve by 2052.

[pbaker] 12/3/2024 08:59

Ramellous thank you for the clickable link.
A difficult set of accounts.
I might be being pessimistic and harsh. Please correct me if you see it differently.
All I could see was that the management team have given themselves good wages for the next 3 years. If they manage to get some of our money back they will have done a good job.
They will also get 20% of the company if they manage to return 15p per preference share before 2052?
They have 28 years to return £108million and they will get 20% of preference and ordinary shares.
Again if I get my money back with interest will i begrudge them £1-£2million a year each for 3 years and potentially £140miilion bonus, though they only need to return £108million of value.
As always I pray for peace and dividends.

[ramellous] 11/3/2024 19:48

Clickable link

[pbaker] 11/3/2024 19:37

I have tried to register again. Look forward to reading the update.
So now all we need is peace and an end to sanctions.
Then we will have dividends and maybe a listing where we can trade at sensible levels?

[ravenrussia] 11/3/2024 18:48

Reassuring update

hxxps://www.theravenpropertygroup.com/media/1644/20243011-shareholder-update.pdf

[stemis] 11/3/2024 17:26

Only resolution at the AGM is to adopt the accounts.

The accounts show a net asset value of £348,575,000 after providing £280,740,000 for preference shares (which is 129.6p per preference share, after accruing for unpaid dividends and interest thereon). So preference shares are 2.24 times covered.

The main assets are preference shares and loans to the intermediate company now owned by the Russian management, which have been written down by £208m based on a valuation by Interpath.

[tunley] 11/3/2024 16:41

'22 accounts are out on the Raven website, plus EGM proposals. Fingers crossed it's not last knockings...

[gfrae] 21/2/2024 19:30

That was very thoughtful of you.

[ravenrussia] 21/2/2024 19:06

Yes...I want to sell my ordinary shares via matched bargain facility but I was relaying what was on the website if it helps other people

I have put in a sale request and it says I will hear back on the last day of the month

[ramellous] 21/2/2024 13:13

Maybe they should move it to the UAE. My mate just came back from holiday in Dubai, said hotel was full of rowdy Russians.

[gfrae] 21/2/2024 11:58

Ravenrussia, you posted previously you were a seller of the ords.

[dandigirl] 21/2/2024 09:45

we done our dosh!

[montyhedge] 21/2/2024 08:22

Waiting for the day prefs payout. Is there a chance or we done our dosh.

[ravenrussia] 20/2/2024 18:24

Not sure I understand?

[gfrae] 19/2/2024 21:45

You forgot to mention that you've got some cheap one's on special offer !

[ravenrussia] 19/2/2024 21:43

The re domicle is potentially to Cyprus which is where the Raven Russia (now Phoenix) have re domiciled to

This move to Cyprus exchange would allow great interest in the ordinary shares

[ravenrussia] 19/2/2024 21:36

Just in case you can't click the pdf

Occupancy in Russian assets 97%
Local banks supportive
No legal reason why accounts shouldn't signed off
Working on every avenue to allow shareholder value

[ravenrussia] 19/2/2024 21:32

This was the Oct 2023update

Some quite positive ideas in there about re domicile of the shares to allow for access of funds and greater pool of matched bargain buyers

hxxps://www.theravenpropertygroup.com/media/1629/20231010-shareholder-update.pdf

[ravenrussia] 19/2/2024 21:23

Thanks Rahosi

[cwa1] 19/2/2024 13:20

Some nugget with too much time on their hands. Not me ;-) Happens on loads of boards nowadays, best just to ingore it IMO