Raven Prop P Discussion Threads

[montyhedge] 01/3/2022 08:48

Lol boys never knew I was so popular.Don't worry about me out of Polymetal when invasion started.Raven sold most not all.Looks like going bust, thank goodness at golf yesterday, so did not buy any or reach my target of 30p.

[spectoacc] 01/3/2022 08:45

Fair point. Banks bailed out by the state. Can't see that happening with Raven.

[zangdook] 01/3/2022 08:42

Around 50% yield now in theory. Some bank prefs got very very cheap in 2009, and then recovered all the way.

[owenski] 01/3/2022 08:39

Holding this for a 12p div when it loses over a quid aint a clever strategy.

[tyranosaurus] 01/3/2022 08:18

Where has Kenny gone ??

[spectoacc] 01/3/2022 08:17

3 posts in 22 years @whataday, 2 of them yesterday and today, on RAVP & POLY?

[whataday] 01/3/2022 07:58

See post 1573He exited Poly on day 1

[mwj1959] 01/3/2022 07:07

@montyhedge I covered what happens if they missed a payment in an earlier post. Interest rate penalties are imposed and as you say the dividend gets carried over. Problem is that this may be of little relevance if the company is never going to be able to return any money to shareholders either via dividends or through return of capital after an asset sale.

[kev0856153] 28/2/2022 22:34

I actually feel sorry for Monty. He must have been nearly wiped put by RAVP and POLY.

[rayg5] 28/2/2022 21:33

But will another gangster get popular approval? Not when the invasion has set Putin against the Russian people.

[spectoacc] 28/2/2022 21:02

@Irish_Neris - therein lies the crux. This doesn't seem to have any easy resolution. Putin has had 30 years to create a gangster state, and a gangster would likely take over. No one is going to willingly give up their billions.

A popular rebellion? Not impossible. Free & fair elections in Russia would be a turn-up. Perhaps The Wagner Group could police them.

[m_kerr] 28/2/2022 20:44

IMV the risks are skewed heavily to the negative side. i love a bargain, but this is a value trap if i ever saw one. that's before considering any potential foreign asset seizures (reportedly stated by medvedev to be in retaliatory consideration).

if you have a buy to let property with LTV of 60%, and interest rates rise to 20%, whereas your rental yield is only 10%, you cannot meet the mortgage payments, and no-one will buy it off you at 'market value', because the goalposts have shifted. only difference here is it's arguably worse as they will have to pay back ca. €300m in 3 years.

[irish_neris] 28/2/2022 20:35

If Putin goes who takes over?

[dandigirl] 28/2/2022 20:03

Russian government cannot confiscate funds already offshore.

Company has to go into liquidation or administration before worrying about non-payment of obligations.

We simply do not know where hard currencies are held off-shore or how much?

Future depends on how long war lasts and consequences.

Share suspension likely to first sign of real trouble.

If Putin goes soon to be replaced by someone sensible, company could rise again.

Finals been published on 15/16 March last 2 years.

Will this timetable be adhered to this year?

If so, not long to wait.

[ceaserxzy] 28/2/2022 19:46

That depends on whether it will be confiscated by Russian government. And then how sound the company finance is so that it won't fall into its creditors' hands if it cannot meet its debt obligations (interest paying and debt covenant). This is now gamble not investment.

[holts] 28/2/2022 19:40

I would imagine they would have been sucking out as much cash as possible as they knew this was coming , so the next payment is in the pipeline . After that we will need some detail .

[rayg5] 28/2/2022 18:03

We're not talking North Korea here. Russia's economy is too important to be abandoned to sanctions. I think businesses everywhere should be concerned that sanctions will end as soon as possible.

[rayg5] 28/2/2022 17:52

It is unjust that the Russian people should be punished because of one aggressor. Putin has signed his death warrant. A vital economy such as Russia must survive these sanctions, in its own interest and equally that of its trade partners. We should all support the Russian people and condemn this tyrant.

[scrwal] 28/2/2022 16:26

ii have been quoting strange prices all day - if you buy a given number of shares you get a price but if you want to spend £X you get quoted a higher price - just now it was 37.9p for shares but 41p for a £amount purchase. Seems to be linked to values - use 30,000 you get same quote now.

[cassini] 28/2/2022 15:55

Ah, I changed the quantity to 1000 and got a firm quote (37p to sell)

[cassini] 28/2/2022 15:49

ii gives a firm price for a buy but 'market best' for a sell.

[cc2014] 28/2/2022 15:32

#1599. Apologies. I might be wrong about that. I'm sure I heard it earlier today but a quick search of the internet provides nothing.

[tyranosaurus] 28/2/2022 15:23

How long does it take for the company to issue a statement ?
Are they able to pay the next RAVP dividend ?
How are their short term finances ?
Should we be worried about RAV going to the dogs ?

THE SILENCE IS DEAFENING