Raven Property Share Discussion Threads

[lord orphan] 12/7/2005 18:40

Interesting company being turned around by Anton Bilton. Share price 60p and NAV 90p per share. The launch of Raven Russia (see RNS announcement today - £150 raised in new AIM launch with Raven Mount as fund manager) should give them additional revenues of £3m pa which should be worth 40p per Raven Mount share on a DCF basis. Yields on Russian warehouses let to western companies are in the mid-teens with likely uplift in capital values due to strong Russian economy. This price should be up 50% and yet it hasn't moved today.


RNS Number:7724O Raven Mount plc 12 July 2005


Raven Mount plc (the "Company") -
Flotation of Raven Russia Ltd and Strategy Update


Raven Mount, the AIM listed property development and investment company, today announces the proposed flotation of Raven Russia.

It is proposed that Raven Russia will be established as an independently traded company on AIM. Raven Russia has been formed to take advantage of the attractive real estate investment and development opportunities in the Russian warehouse market. Raven Mount will invest #10 million in the venture and a further #140 million is being raised from institutional investors through a placing.

Raven Russia will be managed under a long term contract by Raven Mount. It is anticipated that the equity when coupled with bank debt will allow Raven Russia to build a significant portfolio of properties.

It is expected that Raven Russia will be admitted to AIM in at the end of July 2005. A full announcement on Raven Russia will be made upon Admission.

The stated strategy of the Board of Raven Mount is to pursue property investment and development activities in the UK and overseas. The Company's strategy is to invest where it sees value and opportunity. In current UK market conditions that has led the Board to look increasingly at projects outside the UK. The establishment of Raven Russia follows intense ground-work on the Russian real estate market.


"The establishment of Raven Russia marks the second step in our


reinvention of Raven Mount into a co-investing property hedge fund manager and makes us unique in the quoted property sector.


We are able to exploit our team's diverse and multi-disciplined


skill sets in niche areas and localities where we expect to see better growth than in traditional property asset classes and locations."

Anton Bilton, Chairman, Raven Mount plc


"Russia is a difficult yet very exciting market where we have made a


considerable management investment over a long period to ensure that we have the right relationships to help us succeed".

Glyn Hirsch, Executive Director, Raven Mount plc


"Within two years we will have virtually exited the old Swan Hill
business and re-applied this capital. We will be focused on niche property


areas which we believe are capable of producing exceptional returns. We intend to grow a significant property fund management business by investing our capital in new funds". Bim Sandhu, Chief Executive, Raven Mount plc

Contacts:

Anton Bilton, Bim Sandhu, Glyn Hirsch

Raven Mount Plc

020 7235 0422


This information is provided by RNS
The company news service from the London Stock Exchange

[bigwadds] 23/6/2004 08:06

Seems overdone now to me. Seems to be a bit of buying?

might be time to buy?

[royaloak] 14/6/2004 14:10

Not in these but talks off, price obviously down, not able to trace history of this company, any information anyone?

[bingcrosby] 08/4/2004 19:35

Just in case anyone follows this thread....anyone watching the trades today?

[bingcrosby] 17/3/2004 12:43

...for news about a bid.

I have noticed a couple of sells this morning after a long period of inactivity. Makes me a bit twitchy that those in the know are off-loading on a failed bid.

Anybody like to persuade me otherwise

BC