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Name Symbol Market Type
Raven Prop P LSE:RAVP London Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.0% 117.50 115.00 120.00 117.50 117.50 117.50 13,489 08:00:00

Raven Prop P Discussion Threads

Showing 1076 to 1098 of 1425 messages
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DateSubjectAuthorDiscuss
13/1/2021
13:57
Yeah it's damn frustrating. I'm sure we would all far prefer it gaps down to 100 for a day and then recover instantly but I guess this way the seller gets 7% more cash. I can't see the grind down stopping unless the rouble finds some attitude, which lest we not forget has moved from 70 to 100 roubles to the pound since 2017. If it's Invesco selling out they started with 64m prefs around September so at a volume of 50k a day it's going to take 5 years. And as we can see from post 783 we are into stop running as well now given loads of people bought in the 120-150 range.
cc2014
13/1/2021
13:38
Suspect this drip will continue. Invesco want out as Raven is for them forever Woodford. Other intitutional investors KNOW that Invesco want out, so are happy for the price to drop and drop until someone is too tempted. A real Dutch auction going on. Brave souls like us will continue to add. Hopefully once Invesco are out we'll see a rise. Until then the 3p a quarter will have to suffice!
igbertsponk
13/1/2021
11:50
Looks like someone wants out, this has been occurring since Sept. 2020 Could be just one institution for whatever reason. Invesco??
owenski
13/1/2021
11:39
That'll help.
eeza
13/1/2021
11:37
They just keep drifting down. Just sold 25k
tyranosaurus
13/1/2021
10:00
Hmm. Well I bought another few at 107.875 in accordance with my plan to scale in as if falls. Rouble still going against us here vary badly. One of those difficult situations where I think the share price will bounce as soon as the seller stops but we have no idea whether the seller will go on for another day or another year. I suspect the seller has very many millions left
cc2014
12/1/2021
10:17
It's hard to read Monty. Someone has been selling for the last 2 months (whilst I've been watching) in the fashion you mention but they aren't there every day and they don't usually do 50k's and they are happy enough to let the price rise a little if they get some decent volume. I assume Invesco. The 50k from last night and the 25k today do look a little different though. Hard to read as all the prefs are getting some slight selling pressure as the US 10 year treasury yields is rising fast
cc2014
11/1/2021
19:42
Another 50,000 seller after hours, looks like a market maker working the sell order all day, then when gone book the bargain.That's my view, wonder who the seller is.
montyhedge
08/1/2021
12:32
As of September Invessco held 63.6m of the prefs (29.4% of the total). Who knows how many they have shifted?
cc2014
08/1/2021
11:58
Someone dripping these pref into the market, seems at any price. I have not seen this low since 2008 financial crash. But at least always paid out.
montyhedge
07/1/2021
18:52
If use the scientific big mac algo, then rouble is 50% undervalued vs euro. That all right then
hindsight
07/1/2021
17:30
OOPS - i don't post here
igbertsponk
07/1/2021
17:22
I don't agree with you crm. You are buying property assets here at half price in an economy which might weather the current crisis better than most. In my view if the London stock market only values the shares at this level they should seek a buyer for the whole company at somewhere around NAV. It should not be too difficult warehouses are in demand and there is plenty of cash around.
gfrae
07/1/2021
16:51
Don't forget it has annual rent escalation built into its leases. They won't overcome this year's devaluation but in more normal years they roughly do.
tradertrev
07/1/2021
16:15
Clearly, you would have to be as mad as a march hare to bet the kitchen sink on this one and we are not being paid 10+% for a good nights sleep. The bottom line here seems to be ( because of their substantial euro denominated debt)whether or not RAV can grow its revenues faster than the Rouble is depreciating . A second concern is why Invesco couldn't find another investment firm to offload their shares to. Has Rav plundered unfortunate investors a few too many times ? Fingers crossed
crm114
06/1/2021
09:20
No worries, mont - as long as the 3p keeps dropping into your satchel.
eeza
06/1/2021
09:08
Sellers continue.
montyhedge
04/1/2021
16:33
It could be someone else.
gfrae
04/1/2021
15:37
Just a matter of time. The lists for both Ords and Prefs were last updated in October. Even if the insitutions don't report their cahnge, the company can see the changes in it's share registers and they write to the holders demanding to know the beneficial owners.
igbertsponk
04/1/2021
15:32
Whilst the notification rules are applied to ordinary shares I'm not sure they apply to the prefs. Happy to be corrected and learn something new!
cc2014
04/1/2021
14:46
I guess at some point Invesco will have to show they are selling - soon as they get rid of 1% in total. Seems they are content to hold and drip out rather than dumping the lot and hitting the price. Means us who want to add can keep the buys trickling in.
igbertsponk
04/1/2021
14:16
Meanwhile it continues to spit out the regular div, but only 3p to 1-share-monty.ԅ22;
eeza
04/1/2021
14:01
Not much to say really. There's cleary one or possibly two sellers in the background who want out, which was the whole point of converting the C's to P's imho as there was very low liquidity on the C's. Everyone is 99% sure it is Invesco selling and everyone is 99% sure that every time the buyers dry up at whatever pricing point that Invesco will reduce the share price to bring in new buyers. Everyone is 100% sure Invesco started with a huge number of P's and everyone is 95% sure they've still got a significantly large number that then can't easily shift. Today's price action suggests that any hope Invesco were looking to shift a certain quantity by year end and then stop is dashed. I would guess a fair number of the buys today are dividend reinvestors and these will have completed by the end of tomorrow. I shall continue to scale in as the share price drops unless I see an RNS to give me reason to change my strategy.
cc2014
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