Raven Prop P Discussion Threads

[bonnard] 25/8/2019 21:26

On a positive note, one ruble is worth 12.5p. Twelve months ago it was worth 11.5p. So the rents paid are now worth about 8% more in GBP than they were last year.

[pogue] 25/8/2019 20:09

Is it possible Russia remains the only country in the world to avoid a global recession? I am not convinced on that one. The company does not need to default for the Prefs to drop in price they go up and down as Russia rises and falls in world politics never mind when the whole world moves.

[kenny] 25/8/2019 18:30

In terms of warehouse demand, it is rising in Russia. Also, Russia has great scope to reduce interest rates from the current 7.25% level. In relation to a global turn down, this has already started. However, with RAVP bear in mind you are not invested in the ordinaries but a preference class. If things get really ugly with the global economy, there are two protections for RAVP holders, namely, a) the strong asset backing, any reduction of NAV hits the ordinaries and, b) the coupon on the pref's is protected by the fact that the company could cancel "dividends" on the ordinaries and this would provide a large backup source of funds to ensure the coupon on the pref's continues unabated.

[zangdook] 25/8/2019 16:06

Woodford's shares were bought back and cancelled. If you compare with Hambro's last holdings RNS on 1 Aug they've actually reduced their holding slightly but their percentage has increased with the cancellation of the bought back Woodford & Invesco shares.

[pogue] 25/8/2019 13:41

Have you considered that the majority of investors are worried about a global turn down due to trade wars? Have you considered what that may do to warehouse demand? Something I am thinking very hard about just now.

[kenny] 23/8/2019 13:40

Amazing that some people are selling their RAVP when the world looks to be set for another decade of very low interest rates. It would follow that high yeild is going to become expensive. For example, see this article: hTTps://www.allianzgi.com/en/insights/investment-themes-and-strategy/adjusting-to-a-lower-for-longer-rate-environment

[igbertsponk] 23/8/2019 12:02

Hambro picking up some of the Woodford bargain Ords I see.

[igbertsponk] 23/8/2019 09:55

Hambro picking up some of the Woodford bargain Ords I see.

[owenski] 21/8/2019 20:28

Divi comes round soon enough, top up again, @9% yield

[energiser01] 21/8/2019 15:37

Woodford position now less than 5%, dyor etc, etc.... 7. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached Less than 5% Less than 5% 600,494,050 Position of previous notification (if applicable) 13.17% 13.17%

[kenny] 21/8/2019 12:30

What strange times we live in: "Russian Oil Exports to U.S. Soar to 6-Year High" hTTps://www.themoscowtimes.com/2019/08/21/russian-oil-exports-to-us-soar-to-6-year-high-a66951

[kenny] 15/8/2019 12:19

Looks like an institution is accumulating at the ex-div price.

[igbertsponk] 15/8/2019 09:20

Up half a penny!

[cwa1] 15/8/2019 07:09

So XD today, pay day 30/9, for the record.

[kenny] 12/8/2019 10:40

Still lots of ex-Woodford shares in traders hands that are looking for holders.

[igbertsponk] 08/8/2019 09:07

Ex div will be 15 August

[cwa1] 08/8/2019 06:42

Morning The Directors of the Company confirm that the quarterly payment of the preference dividend in respect of the preference shares of 1p each with ticker RAVP (the "Preference Shares") will be made, in accordance with their terms, on 30 September 2019 in respect of the period from 30 June 2019 to (but excluding) 30 September 2019. The record date for the payment of the preference dividend for the Preference Shares is 16 August 2019 with an ex-dividend date of 15 August 2019.

[igbertsponk] 04/8/2019 17:55

I see Daily Mail having a pop. Any excuse to show a decade old pic of Anton's missus.Pathetic rag.Nice to be able to continue to accumulate.

[holts] 04/8/2019 11:38

Why criticise successful relationships , it is those that have gone wrong thats the problem .

[eeza] 02/8/2019 18:05

https://www.dailymail.co.uk/money/markets/article-7311825/Woodford-ditches-stakes-Russian-warehouse-owner-venture-capital-company-Mercia.html

[holts] 02/8/2019 05:44

hTTps://www.ft.com/content/09537fbc-afcc-11e9-8030-530adfa879c2

[montyhedge] 29/7/2019 11:28

Woodford selling a solid quarterly dividend payer of 9% confirms to me my thoughts, seems like an orderly wind down of the income fund.Take 12 months say, then distribute what's left.

[owenski] 26/7/2019 13:14

Picked up a few more @ just on 9% yield. Held these for years through sanctions etc, always paid up. Been a good income.