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
  +0.00p +0.00% 131.50p 129.00p 134.00p 131.50p 131.50p 131.50p 12,824 07:45:55

Raven Prop P Discussion Threads

Showing 101 to 123 of 425 messages
Chat Pages: Latest  5  4  3  2  1
DateSubjectAuthorDiscuss
29/11/2018
17:37
Good to see a wee bounce back
igbertsponk
29/11/2018
11:51
Since the beginning of September, the ordinaries are up 16% while RAVP is down 8%. Strange, because if the ordinaries, RAV, are viewed as a good investment then RAVP is an even more secure investment. In that period the ruble has fallen materially and yet the ordinaries have risen. Also, I predict the results to 31.12.18 will show another large foreign currency loss albeit I think lettings and a fall in the vacancy rate will surprise on the upside. More income adds to the security of the preference coupon and foreign currency losses only impact the value of the ordinaries NAV. Also, any “trouble”; ahead will be reflected in a cut in the level of the ordinary dividend alone. None of the large holders of RAVP have reduced their holdings so I can only assume that it must be individual investors who look at the headlines about Russia and sell.
kenny
26/11/2018
12:49
Fatty Poroshenko's getting desperate about his polls, that's all.
zangdook
26/11/2018
12:19
Just naval bumper cars, nothing to get excited about.
igbertsponk
26/11/2018
11:27
More Russia tension with Ukraine...….could affect the price.
11_percent
08/11/2018
07:33
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 December 2018 in respect of the period from 30 September 2018 to (but excluding) 31 December 2018. The record date for the payment of the preference dividend for the Preference Shares is 16 November 2018 with an ex-dividend date of 15 November 2018.
cwa1
20/10/2018
02:26
Some pretty meaty buying in RAVP on Friday but also in almost all UK preference shares. Looks like some institutional buying across the preference share sector. Perhaps the logic is that ordinary shares have already priced in all the good news likely coming in the next 18 months e.g. positive results for the fourth quarter of 2018 and likely growth in profits for the whole of 2019. Factor in the real fears of the China tariff dispute not getting resolved (the negative effects of tariffs is already showing in some company’s outlook statements) together with China’s economy slowing materially and you have a situation where shares might move sideways if not down for the next two years. The above is the line that I heard on Bloomberg Thursday and repeated Friday. Most financial market coverage on Bloomberg and CNBC is rubbish and not worth watching but occasionally they do talk about what the markets may do over more than the next hour and their reasoning for that longer-term outlook. Where then to invest for the next two years when Treasuries are going to be moving downward as interest rates continue to rise between here and the end of 2019 – to reach a plateau of perhaps somewhere in the region of 3.25% to 3.5%. The answer may be high yield where the income is secure - on the basis that institutional funds do not trust ordinary shares to continue producing the high returns of 2017 and 2018 to date, let alone the high returns of previous years since 2009. If this theory proves correct, then preference shares and any other high yield fixed income securities may have quite some way to go over the next two years - as more investors find that ordinary shares are now only going sideways or down. We may be near the beginning of a point in time where the biggest part of total return comes from yield rather than share appreciation, ironically, at a time when interest rates are rising.
kenny
19/10/2018
08:05
Kenny its the tried and tested lever but yes ultimately only works with a raft of other credible politiclal policies. I think ultimately it would work in the UK on its own short term, albeit sterling would probably be stabilising closer to 1:1 with tUSD.Longer term is another matter and some aspects of a completly independent UK are quite scary and probably politically impossible to achieve. Who wants to see the rise of the IRA again or an independent Scotland back in the Euro with its own hard border and whats left of us having to compete on a level playing field with half of Asia and China.
my retirement fund
18/10/2018
23:12
Good point MRF. Maybe the general fall in UK listed preference shares is due to foreign investors exiting sterling assets before Brexit. For UK residents (e.g. those whose expenses are payable in sterling) this provides an opportunity to accumulate at the higher yields. In relation to interest rates, it is hard to defend a currency by raising interest rates, as has been proved many times by countries that have tried. Seems to just make a bad situation worse.
kenny
18/10/2018
10:13
RAV up 18% since start of month, why is RAVP stuck at lows ?
mister md
18/10/2018
09:31
Offer slowly increasing now.
eeza
18/10/2018
08:14
Brexit tail risks. Should the UK leave the EU with anything less than a membership in all but name agreement your going to see extreme sterling stress and a raft of special measures to shore up the currency which will of course have to include some of the highest central bank interest rates across western economies.
my retirement fund
18/10/2018
00:28
Not sure I understand why all preference shares have been gently falling over the last few months. Accepted that interest rates will continue to rise over the next year or so but the coupon on pref's will still offer yields well above base rates. US interest rates are now predicted to top out at 3.5% in late 2019, so while that may be good reason to sell Treasuries, it hardly justifies an exit from the UK preference shares I monitor. Any suggestions or insight into the reasoning for the move downwards?
kenny
17/10/2018
13:15
"Moscow warehouse vacancy drops to a record low" hxxp://europe-re.com/moscow-warehouse-vacancy-drops-to-a-record-low-ru/65774
kenny
11/10/2018
16:55
Resilient in the general collapse!
igbertsponk
05/10/2018
10:29
Added a few more in my pension - rude not to at this price!
igbertsponk
05/10/2018
10:16
I suppose investors worried about any further sanctions. Income investors always the most nervous.That's why sellers.
montyhedge
04/10/2018
18:43
The Investors Chronicle weekly tips have just been released and Raven Property is tipped as a buy. It is the ordinary shares that are tipped as a buy with no reference to the attractions of the pref's. Obviously, the preference classes rank above the ordinaries. Therefore, the important point is that if the ordinaries are considered a buy, then RAVP is an even safer buy.
kenny
04/10/2018
02:52
Edison have updated, as at 28/09/18, their commentary on the company on their website and one of their statements is: "Occupier demand for warehouse space is forecast to outstrip new supply in 2019, a positive indicator for rents and vacancy." I would agree with that statement albeit rental increases may be modest, ignoring 6% indexation on rouble rents. However, sentiment on RAVP seems to be determined by sanctions - both those introduced as well as those pending from the US. It is strange that RAVP is going down while the ordinaries are steady. Logic would suggest that any concerns about Russia would be reflected in the ordinaries not the preference. The coupon on the pref's is secure irrespective of sanctions - which cannot stop Russia selling military goods to India or the massive increase in trade between Russia and China. Trump has threatened to sanction India if they buy Russian military equipment! If the European's go ahead with a gas pipeline, Nord Stream 2, between Russia and Europe, Trump is even threatening sanctions on European companies (including Shell) that are involved in that project!!
kenny
02/10/2018
17:53
Came across a press report from Friday, see below. I cannot locate the original research by CBRE and although I would be surprised if rents have gone up by as much as 10% in Q3 2018, I think they are increasing somewhat and, as importantly for Raven, that will have a positive effect on vacancies. =================================================== "Warehouse lease in Moscow region went up in price for first time in 6 years. According to the results of the third quarter of 2018, the average weighted base rate for the lease of warehouses in the Moscow region grew by 10%, amounting to 3,600 rubles per square meter per year, according to a study by CBRE." =================================================== Rents, having been fairly stabile over the last 12 months, will be squeezed upwards if vacancies continue to be filled.
kenny
02/10/2018
07:19
Nice new listing of the Ordinary shares on the Moscow stock exchange announced. Lists there tomorrow.Will be good to have some local interest in the company.
igbertsponk
02/10/2018
07:09
RNS - RAV secondary listing Russia "2 October 2018 Raven Property Group Limited ("Raven" or the "Company") Secondary Listing on the Moscow Stock Exchange The Company is pleased to announce that it has now received formal approval from the Moscow Stock Exchange ("MOEX") of the secondary listing of all of its issued ordinary shares of 1p each ("Ordinary Shares") on MOEX in the third listing level."
eeza
28/9/2018
07:11
RNS - re Scrip Div "28 September 2018 Raven Property Group Limited ("Raven" or the "Company") Issue of preference shares (RAVP) The Company announces that it has approved the issue and allotment of 134,696 new preference shares of 1 pence each in the Company with ticker RAVP (the "Preference Shares") following payment of the scrip preference share dividend. Following admission of the new Preference Shares, the total number of Preference Shares in issue is 99,467,730. "
eeza
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