Raven Prop P Discussion Threads

[montyhedge] 24/3/2020 08:12

Yes take the dividend and reinvest at 86p.

[tyranosaurus] 23/3/2020 18:40

Scrip dividend based on 134p per share.
Ouch.

[otemple3] 23/3/2020 16:37

That's my plan - glad I opted out of the scrip!

[montyhedge] 23/3/2020 16:01

When investors get their 3p payment on the 31st bet there's a lot of reinvestment at 86p. Yield incredible.

[holts] 20/3/2020 14:20

Russia is not cutting rates in attempt to help Rouble, losing battle that .

[cwa1] 20/3/2020 13:50

6 February 2020

Raven Property Group Limited ("Raven" or the "Company")

Preference Share Dividend (RAVP)

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 31 March 2020 in respect of the period from 31 December 2019 to (but excluding) 31 March 2020. The record date for the payment of the preference dividend for the Preference Shares is 14 February 2020 with an ex-dividend date of 13 February 2020.

The Preference Shares will be entitled to a gross dividend of 3 pence per Preference Share.

A scrip dividend alternative (to be settled in Preference Shares) will also be available for all preference shareholders in respect of the preference dividend.

[montyhedge] 20/3/2020 13:47

Is payment date 31st March guys, just being lazy, lol.

[montyhedge] 20/3/2020 11:28

All being well hopefully a gift from the stock market gods at this price and yield.

[horndean eagle] 19/3/2020 12:08

Russia isn't immune to pain. They have a greater threshold than most to suffering but at sub $20 they are burning through a lot of cash. Interest rates will have to rise as inflation rises. Will start to see some public anger spilling over somewhere or other. Can't see Putin folding this early though. Would look weak to his electorate. The last thing he needs.

[cc2014] 18/3/2020 14:19

#441

If Russia can't even agree an oil production cut with Saudi to keep the price of oil 30% higher than it is now, what chance do we think Russia coming up with a financial package to support a Russia warehousing business where the majority of the investors aren't Russian and the profits get mostly sent abroad to the UK?

Ok, that's a little harsh because any decision will be for the overall economy, but what measures are Russia taking to support their economy and are they extensive as the US, France, Germany, Italy and the UK? How much do you trust the Russian Government to look after the man in the street vs the elite?

In the end, these may be called pref shares, but that's Woodford's and Invesco's influence and some would describe it is debt by another name and high yield corporate debt is very very red the last couple of days. It's risk off right now.


It's difficult times right now. I don't have this one but I have enough pain elsewhere. Some of the selling is a move to cash regardless of price. That will be happenning here. It will eventually run it's course. Could take a day, a week, whatever...

[montyhedge] 18/3/2020 14:09

Problem is sellers of ETF high yield funds panicking seen it before 2008.But they have always paid. Hopefully bargain of the year.

[cassini] 18/3/2020 13:22

13.8% yield now. What's got into this today? An 8.5% fall today already and it's only lunchtime. Other prefs are falling, but not this much.

[kickingking] 17/3/2020 15:11

Cheers monty good to know. I will put a cheeky buy order in at 80p

[montyhedge] 17/3/2020 14:51

I remember 2008 they were 75 always paid never missed a payment on the 12%.

[kickingking] 17/3/2020 14:48

Now let's get this right. Technically this should not fall below 100p and it just had. If they ever wanted to redeem it would have to be at a pound. I know it is cumulative and irredeemable. Now your buying a pound for 95p.

[cassini] 17/3/2020 14:16

I make that about a 12.6% yield right now...

[kickingking] 16/3/2020 22:30

Yes I have already got these from higher up. This is what I was saying potential upside is better with RDSB. Downside is that RAVP will probably not fall below a pound.

[cassini] 16/3/2020 20:17

kickingking,

Probably RDSB up to your comfort limit, then RAVP if you feel like diversifying a bit. After all, RDSB would have been a bad choice if you had bought it before 2020 and didn't have any other irons in the fire...

[horndean eagle] 16/3/2020 11:08

deferring dividend is a useful start. all really down to rouble and whether Russia happy to carry on scorched earth policy. imagine they will need to seriously reconsider terms of buyback if it goes ahead at all. If it were an option i would consider dumping a large single asset sale around book so they could use cash to facilitate buyback of debt. Under no circumstances should equity be brought back.

[kickingking] 16/3/2020 10:03

The thing now is do you buy and get 12% here with price gain in future, or do you go for RDSB with 11% divi but upside could be 100%

[deadly] 16/3/2020 09:12

Good results. Deal with Invesco delayed. Divi on ordinaries restricted.

[zipstuck] 12/3/2020 19:00

Just depends on letting quality and ability of tenants to pay.

[cassini] 12/3/2020 17:06

11.6% yield