Raven Prop P Discussion Threads

[kenny] 24/12/2020 20:20

There will be a very big FX loss in the second half but it will be partially offset by about £41m of accounting profit arising on the conversation and elimination of the RAVC preference class.

[flyfisher] 24/12/2020 18:48

Guys, I notice an fx loss relating to euro loans and an fx loss due to asset revaluation in the interim results.

Would anyone have a view on the loss to be faced in the second half as the Rouble has weakened by a much greater amount.

[cc2014] 24/12/2020 11:48

I have to assume Invesco are still selling in the background and I will be happy to add to my position should the share price fall.

The market generally feels a bit puffed up to me. Santa rally if you like and I can't see where the next set of good news will come from with Brexit and US stimulus packages done.

I'm expecting if not a sell-off at least a retracement in Jan/Feb across the board but no idea if this will go with it.

I guess if this is the bottom I've got a few and I'm happy enough. If the share price decided to drop a bit in order for me to add that would be just peachy.

[riskvsreward] 24/12/2020 11:24

More like yielding 11% as it pays 12 p annually.

[gary1966] 24/12/2020 11:22

I had trouble getting stock yesterday in terms of I kept getting quoted 110.9p to buy when everyone else was paying 109.65p. Corrected itself this morning thankfully and I am responsible for the two buys at 109.65p today.

[montyhedge] 24/12/2020 11:20

Of course, even better, lol 10.8%

[owenski] 24/12/2020 11:16

Current yield - today - 10.8%

[montyhedge] 24/12/2020 10:54

Hard to get cheap stock, yield 9.2%.Pay day 31st December.

[gary1966] 24/12/2020 09:34

Delayed trade for 33333 shares is a buy not a sell as reported.

[gary1966] 22/12/2020 14:43

Yes the weakness in RAVP has been strange. Been looking to top up but every time I get a quote it is lower. Maybe Invesco trying to get rid of as many before year end as possible. Anyway I have put an order in for a few more at 107p if the market wants to oblige.

GLA

[kenny] 22/12/2020 13:01

I note the rouble has, once again, sunk to over 101 to a pound. With Brent oil over $50 that seems a bit extreme. Brent at any price over $43 means that Russia meets its budget spending, with the excess over $43 adding to Russia's already massive reserve funds.

[pogue] 19/12/2020 13:00

There is too much optimism at the moment in prices of most things reason being the perceived end of CV19 due to the vaccine. Obviously most of the working population will not be vaccinated to mid to late 2021 with a vaccine that despite what politicians say is not 100% proven safe or effective add in the new strains of CV19 that might or might not be covered by the vaccine and all is not as perfect as it looks. More detailed thoughts on the economy also produce the question why does everyone think everything will be great post vaccine as they weren't pre vaccine and with the amount of economic damage done by it why should we assume business as usual in 2021. I am bearish and have a lot of gold, silver and bitcoin mining shares to prove it :0)
Regards fixed income most are rising but RAVP is falling. Clearly a seller but why no buyers here to take up the perceived bargains? I am still holding a fair few but my grip is getting loser by the day as I am not seeing good reason to be invested here.

[rayg5] 19/12/2020 11:42

At £1.11 ask the dividend looks very interesting. Great opportunity if the payments are secure. However I think there may be further opportunities if the main market begins to sell off after Biden's inauguration in the new year. It does look expensive. Furthermore the Covid discount appears to be with us for a few more months yet.

[hindsight] 18/12/2020 18:29

They didnt do themselves any favours over the way treated RAVC

[igbertsponk] 01/12/2020 14:57

10 years.... 3% return each quarter.... 40 quarters
1.03 to the power of 40 = 3.26
It's been a cracking ride! All tax free.

[montyhedge] 01/12/2020 14:05

Been in this since 2010, even when financial crash always paid out every 13 weeks. Of course high yield income investors are a cautious bunch and Russia puts them off. But he who dares Rodders.

[igbertsponk] 01/12/2020 13:29

Yup - when divid are being chopped and cancelled left, right and centre it's odd that funds aren't adding to this perpetual cash machine.

[montyhedge] 01/12/2020 13:22

Nice dividend 31st December. Good start to 2021.

[cc2014] 01/12/2020 13:09

Looks to me like someone is still trying to trickle their holding into the market only the number of buyers is diminishing at this 113.4 area and they are going to have to decide soon whether they want to encourge more buyers by accepting a lower price or whether they find the low number of buyers acceptable.

[igbertsponk] 01/12/2020 12:06

I've finished buying for now so feel free to pile in and zap the price up a tad! Saves me explaining AGAIN to the missus why summat she's just bought is worth less than she paid for it!

[crm114] 20/11/2020 13:00

Thanks IgbertSponk for all your company info posts. Much appreciated

Thanks also, 11 percent for your STCM recommendation . Bought a small 1st tranche this morning, will follow up with a 2nd I suspect when the price falls to the mid 20's .

So now off the beaten path , I have interests in Russian warehousing and a Kazakhstani cement maker headquartered in Kuala Lumpur!

Gotta love the stock market. Whatever next ?

[igbertsponk] 20/11/2020 10:13

I was trying to buy more yesterday and found it hard. I now know why - one of my overseas holdings was also adding and competing with me!

[ceaserxzy] 19/11/2020 22:29

The company script price is a fair price as it still offers a yield of about 9%. The company must balance the decision on what return on the capital it can get from its business, what cost is alternative way of securing capital like unsecured loan and the cost of the preference shares. If it cannot earn more than 9% on its capital employed or it can obtain loans at a lower interest than 9%, there is no reason why it wants to offer more than 9% on its script shares.

Of course the shareholder can currently buy preference shares at a much lower 114 to 116 p, which may be an indication that it is too cheap with a yield close to 11%..

[crm114] 19/11/2020 20:49

RAVP isn't going down. We had the pandemic wobble and are now back in the 110-145 sideways trade this stock has been in (95% of the time ) for the past 10 years.
I first bought this stock about 10 years ago at 112 and I just bought back in at 114.