Raven Prop P Discussion Threads

[cc2014] 08/3/2022 13:17

That euro debt just got 15% more expensive in the last 2 hours. Rouble at 180 now.

[my retirement fund] 08/3/2022 11:53

Most insurance cover on dept including swaps is null and void in the event of war, there breathings space is poor, only mugs buying

[cc2014] 08/3/2022 11:34

I get it. They have some breathing space on the Rouble debt.

But not on the euro debt which is about a third of the debt and is immediately costing 65% more to service than it did 2 weeks ago.

And how many Roubles are they collecting with customers leaving Russia?

And what of the property revalution coming along?


The play on the prefs would appear to be based on some form of resolution of Ukraine with the exchange rate and interest rate going back closer to somewhere normal.

But normal will still be 12% interest and 115 rouble to the pound and say 20% less revenue.

As far as I can see the bondholders are likely to dilute the equity holders into oblivion.


My apologies if I've read the numbers wrong. I would be happy to understand the maths better.


PS - if POLY is anything to go by it's clear a large number of people have different opinions on the future of Russian shares. Maybe that is all that is happenning here.

[zangdook] 08/3/2022 10:34

"interest rate of 20%"

but

The Group's rouble debt facilities are hedged with interest rate caps over the term of the loans, with a weighted average term to maturity of 2.4 years from 1 January 2022 on those caps, protecting the Group from the recent Central Bank of Russia rate hike.

[cc2014] 08/3/2022 08:18

The ball has landed. It's just some people don't do their research.

Russian interest rate of 20%.
Rouble at 165

[montyhedge] 07/3/2022 16:17

I would sell the ordinary shares for a 1p to a Chinese or Russian property company, so takeover, but they would have to pay 100p par for the pref cum.They have great properties.Seeing the directors have shedloads of pref, I bet they will do their best.Red or black punt, the ball going around the roulette wheel, lol.

[zangdook] 07/3/2022 13:08

The £14 POLY trades were cancelled. Some fat-fingered idiot has a friend in the LSE.

[spectoacc] 07/3/2022 12:40

French, Italian, German banks all major Russian bond holders apparently - Russian govnt likely to default too.

[waterfall city] 07/3/2022 12:39

It sounds like European banks are expected to write off euro loans to russian companies, you wonder how this affects them, will depend on who their bankers are for these loans I guess.

[spectoacc] 07/3/2022 12:17

If you want positivity, check out POLY's £14 uncrossing trade earlier today.

And no, there was absolutely no borrow, anywhere that I could find.

[zangdook] 07/3/2022 11:43

Not very likely. What's in it for his mates?

[igbertsponk] 07/3/2022 11:40

So how about Boris nicks some of the oligarchs London palaces, flogs them, and uses the wonga to compensate UK (and Guernsey!) companies with Russian assets now worthless?

[ramellous] 07/3/2022 10:36

Well the saying from Wall st is to buy when there’s blood on the street. Literally in this case.

The RAV ordinaries are having some positivity this morning.

[montyhedge] 07/3/2022 09:52

Interesting article.https://www.zerohedge.com/markets/wall-street-quietly-trading-return-russia-sparking-liz-warrens-outrage

[zangdook] 07/3/2022 05:39

afaiaw, only in companies whose primary listing is in Moscow and only depositary receipts were traded in London

[owenski] 06/3/2022 15:17

LSE has already suspended trading in some Russian associated companies.

[carcosa] 06/3/2022 08:52

Hard for to accept trading could be suspended by any western govt mandate otherwise by the same token the likes of any company that is trading in Russia would also incur the same fate.

However its possible the company could request trading is suspended for any number of reasons; whether it be the inability to conduct an audit in time, not being able to repatriate monies', declaring it is no longer a going concern etc.,

One potential scenario is that it delists which would be my preferred outcome if I was a shareholder.

[owenski] 05/3/2022 19:45

It's entirely possible that trading in these could be suspended.

[m_kerr] 05/3/2022 18:13

people buying now are knowingly (if they can read financial statements) buying shares in an insolvent company. at least those longer term holders who sold have salvaged some value as well as receiving dividends over that period.

[cc2014] 05/3/2022 12:25

Zara closes 502 clothing stores in Russia from tomorrow.

They won't be needed Raven's warehouses much longer.


I cannont figure why people are paying 25p for this on Friday. I get people like to have a punt, but 25p I don't get. I would consider 5p somehwere more appropraite to have a punt.

[robizm] 04/3/2022 20:55

Old article. This company needs a quick end to the war but personally things it is finished just from the interest rate and currency warnings in the Annual report

[spectoacc] 04/3/2022 20:31

Dated Feb 26th tho.

But agree Russia is uninvestable - only got to see the number of funds writing their Russian holdings down to zero.

[montyhedge] 04/3/2022 16:34

It's only Putin who want a war, not Russian citizens.

[spectoacc] 04/3/2022 16:29

"Russia to win the ground, then a 10-20 year insurgency, to be brutally suppressed".

And people are still wanting to punt on RAVP?