Raven Prop P Discussion Threads

[holts] 15/8/2021 08:50

Oil is an economic plank in Russia , it won't drop out of producing as such as say Nicola Sturgeon now wants to. As others try to switch away from oil there will still be a demand and Russia will be happy to fill any gap

[rayg5] 15/8/2021 06:57

Yes, Zangdook, you're right about the 'competent leader'. He is not to the west's liking but Russians take a different view.

[rayg5] 15/8/2021 05:49

So there is a rising perception of risk here. Nonetheless the prefs are an important income source for the directors and, as is constantly being said, they have always paid out regardless

[rayg5] 15/8/2021 05:22

The diplomatic temperature is rising after Russia denies a visa renewal to a respected BBC Moscow correspondent. The question is whether this affects the internal Russian economy. Russia normally just stands firm against western sanctions and diplomatic tit- for-tat. As for oil, I don't believe it can rise further as global warming bites. Oil is of course a key economic driver in Russia.

[zangdook] 13/8/2021 07:53

depends on the share price at the time too.

[montyhedge] 12/8/2021 16:29

Lol yes been doing that on this for about 14 years, lol.

[holts] 12/8/2021 16:08

Snap , it can be disturbing when you think about it .

[montyhedge] 12/8/2021 16:03

Not every dividend went back in Raven Pref, spread the risk into other stocks and prefs.But no complaints.

[igbertsponk] 12/8/2021 14:22

1.03 to the power of 56 (14 times 4) = 5.23
So you'd have quadrupled your money if reinvested every divi.

[montyhedge] 12/8/2021 14:10

Love this Pref, cheque on the doormat every 13 weeks for the last 14 years.More than doubled money with compounding.

[igbertsponk] 12/8/2021 12:55

Confirmed ex divi next Thursday. Time flies!

[spectoacc] 12/8/2021 12:44

Starting to count my life in Preference Share divis - they do seem to come round often.

[cc2014] 12/8/2021 08:59

I guess the time to buy was yesterday morning. See the 100k and 220k trades reported late yesterday which I assume account for the fall.

I assume the market has absorbed them now or the MM have so few left they are happy to mug punters for 114p.

I've spent ages looking at buying some more the last couple of days but I've plenty and reached the point where it would take an amazing price to entice me to buy more.


Who knows whether the seller has anymmore to shift.

[cwa1] 12/8/2021 07:50

That's a fairly wide displayed spread of 110-115. Actual buy/sell spread electronically seems to be 111-114, still fairly wide

[cwa1] 12/8/2021 06:19

2 August 2021

Raven Property Group Limited ("Raven" or the "Company")

Preference Share Dividend (RAVP)

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 30 September 2021 in respect of the period from 30 June 2021 to (but excluding) 30 September 2021. The record date for the payment of the preference dividend for the Preference Shares is 20 August 2021 with an ex-dividend date of 19 August 2021.

The Preference Shares will be entitled to a gross dividend of 3 pence per Preference Share.

A scrip dividend alternative (to be settled in Preference Shares) will also be available for all preference shareholders in respect of the preference dividend.

[rayg5] 10/8/2021 15:51

I'm amazed it has fallen further. And the volume is so light that I cannot pin it down to any one cause. It is truly puzzling.

[montyhedge] 09/8/2021 14:19

Of course some investors scared of Russia, I been in this nearly from the start through all sort of crises, they have never missed a payment. Directors holding large chunk of pref, personally I think will always pay, of course if this were U.K company, price would be 210p.

[my retirement fund] 09/8/2021 12:57

The level of corruption in Russia is so sophisticated, I would imagine it would be fairly straightforward arrangement for someone to ensure interested parties are paid with staggering large, yet untraceable funds to turn a blind eye. Could a corrupt and fraudulent scheme have really been designed or is there a simpler and cleaner explanation for the interested parties actions ?

[gfrae] 09/8/2021 10:56

Very interesting post Kenny, I was unaware of much of what you have pointed out. However, it still seems to me that the recent deal whereby they have bought a large chunk of shares and prefs at a large discount financed by the company itself is even more outrageous.
Just as outrageous is the fact that the large shareholders Schroders, Quilters et al have allowed them, and I presume they did so because they also received a bung. I myself benefited from some cheap prefs.
Of course it does matter to Preference shareholders, if the company were highly regarded the prefs might only be yielding 5 or 6% (ie the price would be double).

[igbertsponk] 09/8/2021 09:58

Lot of ranting about the director on the other thread.
Amusing nonsense about too much travel shows amazing naivety about how business is done in Russia. You don't make contacts and do deals over Zoom! You do it in clubs after midnight. That costs money and needs people on the ground.

[montyhedge] 09/8/2021 08:01

Directors have a chunk of preference shares, always paid out since company quoted on the stockmarket.

[rayg5] 07/8/2021 12:18

The chief concern is the security of the investment. I have to take it for granted that the directors are greedy sobs. It has ever been thus. The principle is that 'if you can put your snout in the trough then why wouldn't you?' Nonetheless, and as always, that was a superb post, Kenny. So, King Suarez, you are right... it matters not.