Raven Prop P Discussion Threads

[eeza] 20/5/2020 14:53

That's how I see it also, w/houses the place to be.

[gfrae] 20/5/2020 14:35

As online shopping has suddenly taken off in Russia, warehouses will be in great demand, so Raven could be a beneficiary of the pandemic, see recent update.
I expect there will be many waves of the virus and that we will have to learn to live with it.

[johnroger] 20/5/2020 12:42

Russia appears to have been hit very badly by the virus and figures released no doubt under report deaths and infections by some measure. So the unknowns to me are to what extent will this affect RAV tenants and of course their ability to continue to pay rents.
How long can the company continue to pay dividends if its income takes a hit both now and in a possible second wave?

[tradertrev] 20/5/2020 11:35

These? Nope

[kenny] 20/5/2020 10:59

Just for discussion - anyone considering selling before the second wave of Covid-19 arrives?

[montyhedge] 18/5/2020 14:48

Yes, I think a couple of warehouses let to supermarket chains.Need Amazon to take a coupe, lol

[gfrae] 15/5/2020 12:51

And online shopping booming, therefore warehouses should be in demand.

[kenny] 15/5/2020 11:38

Ruble is trading below 90 to a pound today, for the first time in some months. Whether this continues is hard to figure as it has been trading at 93-94 for some months.

[igbertsponk] 14/5/2020 11:28

Not quite the 3p ex divi drop today.

[rayg3] 13/5/2020 17:32

Indeed. Thanks for pointing that out. One can only hope the dealing spread is accommodating but with RAVP it usually isn't.

[eeza] 13/5/2020 17:27

This stock doesn't always drop by the full div amount. And quite often doesn't drop at all.

[rayg3] 13/5/2020 17:16

It's possible the bid may be depressed early by divi hunters tomorrow so it might be worth letting it settle down somewhat. That's aside from the obvious 3p drop when the stock goes ex-dividend.

[rayg3] 13/5/2020 16:55

Thanks fellas. I have never used this divi capture strategy. But I do want to deploy the capital by selling tomorrow. Thanks for confirming my understanding that even when selling tomorrow the divi will be paid out.

Did anyone notice that the ask rose a touch in the last five minutes of trading? MMs never miss a trick, do they?! It was 118.8 ask before 16:25 but rose to 120 and a few seconds later fell to 119.5. I guess a few investors were buying at the last minute. Note to self... make sure to buy earlier in the day in future!

[johnroger] 13/5/2020 16:44

The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value. Investors who purchased the stock before the ex-dividend date are entitled to the next dividend payment while those who purchased the stock on the ex-dividend date, or after, are not.

[eeza] 13/5/2020 16:43

Effectively you are entitled to the Div as of 1631 hrs today. If you sell first thing tomorrow you will still get the div.

[cwa1] 13/5/2020 16:37

You get the dividend if you hold tomorrow, you can sell tomorrow any time after open and are entitled to the dividend.

[rayg5] 13/5/2020 16:31

If sold tomorrow it will be ex div. Or do they need to be held on the record date?

[rayg5] 13/5/2020 16:31

If sold tomorrow it will be ex div. Or do they need to be held on the record date?

[johnroger] 13/5/2020 15:19

Ex-div tomorrow

[kenny] 06/5/2020 14:16

From a few days ago:

"The Bank of Russia cuts the key rate by 50 bp to 5.50% p.a"

[kenny] 06/5/2020 14:07

All good points made above and certainly my interpretation may prove to be incorrect. I just think, that at this time the company should be cautious.

[gfrae] 06/5/2020 10:45

Gary, that was my understanding when I read the document, I could be wrong, would have to reread to check.

[zangdook] 06/5/2020 10:35

That makes sense. If they bought Invesco's holdings it would leave a bothersome rump of convertibles - they may as well wipe them all up and simplify things.

[gary1966] 06/5/2020 10:13

gfrae,

Just a thought. Are they really going to save £40m of cash as surely they will still buy out the whole holding of ords and prefs and that number will increase with converting the convertibles.

[gfrae] 06/5/2020 10:05

Kenny, havn't they already addressed the buy in issue ?....They reiterated that they were bound to buy in Invesco's holding of the Prefs and Ords at a later date than previously agreed, but were now not going to buy in the Convertibles saving £40m of cash.
I see and understand the logic of buying the Convs from the point of view of the company as a whole and for the Pref and Ord shareholders (and I also hold the ords)and I am not against the conversion on principal,but only on the terms that have been offered which do not seem fair.
From their recent update; as provider of warehouse they might be in a good position as Russia increasingly internet delivery and more storage space will be required as shown by recent lettings. In fact current conditions keep competitors out of the market.
The buy back at these levels should still be in the interests of the company and shareholders.