Raven Prop P Discussion Threads

[2akop] 02/3/2021 13:55

Anyone any idea when the EGM will be called to approve the Invesco share purchases and the placement of new prefs?

[pogue] 28/2/2021 18:08

Government bond prices dropped again, pushing up yields further. Five- and 10-year gilt yields rose to their highest level since March, after the Bank of England’s chief economist, Andy Haldane, warned that an inflationary “tiger” might be on the loose, which means that borrowing costs could be raised sooner than markets expect. In a speech entitled Inflation: A Tiger by the Tail?, he warned central bankers against becoming complacent about the risks posed by rising inflation.

[igbertsponk] 26/2/2021 15:05

Very few monty - the December divi saw just 30,777 new prefs issued to satisfy the scrip divis.

[montyhedge] 26/2/2021 14:52

Dividend reinvestment plans will, some investors who bought don't look at the price everyday probably every year when portfolio valuation appear on the doormat.

[igbertsponk] 25/2/2021 18:20

Pref divi circular out, Scrip is at 135p, so doubt many will take it up.

[igbertsponk] 18/2/2021 10:08

Ex Div today, so another 3p on the way explains this mornings ONLY 2p drop. I suspect it'll manage the full 3p though!

[montyhedge] 15/2/2021 14:07

Ex div Thursday, another nice dividend in the tax free isa bag.

[gary1966] 14/2/2021 14:16

Damp seaweed,

Don't forget vast amounts of gas, gold, silver, coal and already healthy reserves. Probably other commodities too.

[montyhedge] 14/2/2021 14:08

Heard that argument since 2008, always paid out, never missed a quarter will only get stronger in my view.

[damp seaweed] 13/2/2021 08:01

There are a number of external factors that will probably hold back the rise of the share price, namely; Russian political tensions with the west. Internal political tensions, and the economic outlook is not great, particularly as it is so dependent on oil.
I’d expect us to hover in the 120+p area for quite a time. Early next week we may see a small continuation of this most welcome price recovery. But 3p ex div later in the week will knock back the price.

[montyhedge] 12/2/2021 16:06

I know this is U.K, but probably applies worldwide.https://www.ft.com/content/cc2dd81d-c957-4c59-b833-9df4e3e7339d

[bigraybear888] 12/2/2021 15:55

back to working orders at 120 on the bid. 124 Next if we can get through then 127 Next and onto 140 hopefully.

[montyhedge] 12/2/2021 15:47

Of course if these were in the U.K. price would be around 200p, for a 6% yield, paid quarterly superb, but of course Russia puts some income investors off, they are a very cautious lot.

[kenny] 12/2/2021 15:36

If the overhang of shares does get cleared - eventually - here's some yields to price:

160p equals a yield of 7.5%
170p equals a yield of 7%

These are not price targets and I do not suggest they will be achieved in the short term e.g. under 2 years, if ever.

With base rates likely to remain under 3% for a decade or more, I am not in a hurry to sell any RAVP for a short term gain. Happy to keep collecting the high coupons and see what transpires.

[montyhedge] 12/2/2021 15:26

These will be back to 140p were they use to bounce along, even then 8.57% yield.

[deadly] 12/2/2021 15:14

Where else in today's world can you get such a return?

Loads of places

[igbertsponk] 12/2/2021 13:08

Knight Frank's 2020 Russia report out now.


-Some highlights
-Record warehouse investment
-Little foreign investment
-Industrial and warehouse investment largest share ever - up 1005 on 2019
-Russia credit rating unchanged on 2019 at BBB
-The increased interest of investment funds in diversifying their portfolio by
acquiring modern warehouse complexes with quality tenants, generating stable rental income, was noted.
-We expect that investor interest in warehouse and logistics assets will continue in 2021 with the share of investments in this sector at the level of up to 15-20%.

Overall a positive read for Ravenites.

[kenny] 12/2/2021 12:59

The Bank of Russia keeps the key rate at 4.25% p.a.

[igbertsponk] 12/2/2021 11:08

Sensible price returning. Thankfully I got all I wanted in the dip.

[riskvsreward] 12/2/2021 10:49

If it is exceeding my expectation of 4p then even better. I do take the interim as part of this financial year, not as part of the last financial year.

Agree stcm could go much higher that is part of it being more volatile, more scope of both upside and downside and its income is not as safe as ravp as it is operation dependent.

[king suarez] 12/2/2021 10:41

It was 4p in dividends last year for STCM? 3p final and (new) 1p interim - I am expecting 5p for 2021 dividends based on cash flow and the fact debt is pretty much down to zero.

STCM and RAVP would be my top 2 income picks. Agree re-volatility. Though STCM has more potential capital upside as it is fundamentally v undervalued.

[riskvsreward] 12/2/2021 10:38

Good point, I have a holding in stcm as well first bought at 32p and then topped up at 28 p. Very happy with the income there started at 3p per year and hopefully will be up to at least 4p this year.

However, I do have a much bigger holding in ravp as I think it is less volatile than stcm.

[my retirement fund] 12/2/2021 10:33

Definitely a plan to push these higher. Wonder where they will end up. At the end of the day the higher the interested parties push it, the more net worth they can claim their holding is worth and the more options they then have. Money make money !

[king suarez] 12/2/2021 10:30

Where else in today's world can you get such a return?

Steppe Cement..(STCM)

[riskvsreward] 12/2/2021 10:20

I mainly invest my SIPP in this share and as long as it is below 120, I keep reinvest the dividend to get a compound annual growth of over 10%. Where else in today's world can you get such a return?