Raven Prop P Discussion Threads

[pogue] 25/3/2021 13:16

Kenny13 Oct '20 - 01:15 - 713 of 888
On the other hand, negative interest rates are expected in the UK in the current quarter. Inflation and in turn interest rates are expected to stay low/negative for many years.

So glad you are coming round to my way of thinking that inflation will rise. Taken you a few months to work it out though.
LOL

[kenny] 25/3/2021 13:02

An interesting article, not least because it agrees with my view (!) that the UK, along with other highly indebted nations, cannot afford to raise interest rates.

If inflation appears, they are more likely to raise their inflation target - as the US has, in effect, done by stating they will let inflation run "hot" for an extended period in order to ensure that employment/growth is firmly established.

You may need a subscription to The Telegraph to read.

"Britain has too much debt to handle higher interest rates"

[montyhedge] 24/3/2021 11:26

Pay day 31st March, reinvesting into 12% Pref, has Buffet said dividend compounding eighth wonder of the world.

[flyfisher] 23/3/2021 07:43

Just how long should it take to produce a prospectus.

[gfrae] 22/3/2021 08:43

The Russian economy appears to be coping relatively well. GDP fall was relatively modest, debt levels under control (thanks partly to Western sanctions !), now the governor of the Russian Central bank has sensibly raised rates to steer off inflationary pressures.

[8w] 20/3/2021 12:26

You would have thought so.... also a signal that Russian economy is ticking along nicely?

[montyhedge] 19/3/2021 22:00

Does that mean a stronger rouble and better for profits ?

[kenny] 19/3/2021 15:07

Russia increases the key rate by 25 b.p to 4.50% p.a.

[zangdook] 18/3/2021 15:00

If you have some already and you know you're getting more cheap, you might sell in anticipation.
There's a noticeable fall in the ords today.

[2akop] 18/3/2021 14:56

Unlikely any ex-Invesco shares being flipped, as my understanding is these will be bought by the Company and management once the transaction is approved by shareholders and that has not happened yet.

[cc2014] 17/3/2021 12:29

Not sure it means much. Either:
1. Someone selling a few because bond yields rising
2. Some of the ex-Invesco holding being flipped which was pretty invetible and I'm surprised we haven't seen more of it.
3. Someone didn't like the results

Either way the weak holders have sold out and the shares have passed to someone paying around 114p who will have more committment to holding them long term.

[stun12] 17/3/2021 12:09

Indeed. 900k at what looks like mid-market at the time. Quite a few lumps went through on the 16th too, all at close to the offered side.

[my retirement fund] 16/3/2021 16:53

Anyone notice that massive trade yesterday?

[montyhedge] 16/3/2021 12:14

Good note.https://www.equitydevelopment.co.uk/research/attractive-outlook-for-warehouse-provider

[montyhedge] 15/3/2021 11:40

Yes strong underlying business like you said, the most important thing. Just bought another Russian company Fix Price the Russian Poundland, must be mad, lol.

[igbertsponk] 15/3/2021 10:09

Results out. Big kick from the exchange. Big plus from the Prefs (thanks Woodford!).
Occupancy good, so hopefully long term decent prospects and should be resilient for the Prefs.

[cc2014] 15/3/2021 10:02

Underlying results much better than I expected but overall loss even worse than my most pessimistic view by around £20m.

Overall loss due of course to exchange rates.


I'll take that. I'd rather have a strong underlying business.

[kenny] 02/3/2021 16:57

No idea but they are probably still preparing the legal documents.

Results for 2020 are due on 15 March - which will show a massive loss due to depreciation of the rouble against sterling. I am guessing, and I stress it is only a guess, that the results will come first.

In the interim, it is bizarre that RAVP is going down in the context of the ordinaries going up.

[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!