Share Name Share Symbol Market Type Share ISIN Share Description
Raven Property Group Limited LSE:RAV London Ordinary Share GB00B0D5V538 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 28.25 39,871 11:53:40
Bid Price Offer Price High Price Low Price Open Price
28.10 28.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 127.53 20.55 -14.75 138
Last Trade Time Trade Type Trade Size Trade Price Currency
12:27:54 O 2,456 28.29 GBX

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Date Time Title Posts
05/11/202022:00Raven Property Group "ordinaries"150
07/6/201815:39Raven Mount - hot property stock4
23/6/200407:06Patiently waiting....3

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Raven Property Daily Update: Raven Property Group Limited is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker RAV. The last closing price for Raven Property was 28.25p.
Raven Property Group Limited has a 4 week average price of 27p and a 12 week average price of 23.50p.
The 1 year high share price is 51.60p while the 1 year low share price is currently 23.50p.
There are currently 489,746,016 shares in issue and the average daily traded volume is 234,058 shares. The market capitalisation of Raven Property Group Limited is £138,353,249.52.
tyranosaurus: Why the 2 price monitoring extensioms after 4.30pm today ??? Only 3 trades totaling 340 shares all day.
gfrae: Kenny, Edison forecasting 2.7p for for 2021. This year there will be a loss due to weak Rouble. NAV down to 58p for same reason. I suggest the right price of the ords is about 65p with the prefs about 240 on a yield of 5%.
gfrae: Kenny, regardless of whether you call it a dividend or return of capital, it amounts to a benefit equal to the stated yield. ie if you tender your shares you get a slight premium on the share price and your shareholding as a proportion of the company remains the same. Those that don't tender also benefit by effectively increasing their share of the company as a proportion. I think it is a very sensible and tax effective way of returning earnings to shareholders. What we need now is for investors to have a look at the fundamentals of the company. This is a warehouse company providing space for home deliveries, it is a beneficiary of the move direct deliveries that has been exacerbated by the Covid crisis. There is an upcoming float in New York of one of their customers. They have 98% occupancy. Russia is stable. Russia has little foreign debt. Russian consumers have relatively little personal debt and are still spending though much more online now. Discount to NAV is to WHR. These share should be trading at a premium to NAV they are in a growing sector. The Invesco/RAVC overhang will sort itself out.
kenny: That is not the actual yield on the ordinaries. I think the company and others quote the yield incorrectly because they just take the total dividend paid and divide it by the total number of shares in issue to arrive at the dividend per share. That may be how the company chooses to present the distribution but this is not an ordinary dividend but a buyback which the company touts as a dividend. However, what the individual shareholder is receiving is two elements, a) a return of capital equal to ruling market price and b) a "dividend" of the excess. Last time I worked it out the yield or return from the ordinaries - for a shareholder - is under 2%. Therefore, I have never found the ordinaries attractive as an investment. They might trade well below NAV but maybe that is warranted in view of the volatile ruble.
tradertrev: Just seen a price change - make that effective yield 8.3%!
zangdook: "Distribution will be by way of tender offer on the basis of 1 in 16 shares at 36p per share. No over allocation will be permitted." I'm not impressed. Why not let us have the over-allocation? It's no skin off the company's nose, and it gives those of us who are on the ball a little extra reward.
zangdook: There's this from 14 July, which doesn't really tell us anything conclusive. If the pref & ord deals have also lapsed I don't know how they'll re-assess them. "The conditional agreement entered into by the Company on 12 December 2019 (as amended by deeds of amendment dated 11 March 2020 and 23 April 2020, respectively) for the off-market purchase of 42,118,860 of the Company's Convertible Preference Shares from IAM (acting as agent for its underlying funds, IHIF and IIF) will lapse with effect from 31 July 2020. The Company will re-assess the purchase agreements between the Company and IAM in respect of the purchase by the Company of 139,678,106 Ordinary Shares and 41,803,518 Preference Shares as market conditions settle and will make an announcement in this regard when appropriate."
erstwhile2: Even if the board does get the Invesco buyback trades financed and done in RAV and RAVC (which is no certainty in current conditions) the recent fx moves have once again ravaged the RAV balance sheet, look through pro forma NAV is like 65p with the prefs marked at fair value & so share price implies about 30% discount. Bearing in mind land securities and british land trade on wider nav discounts than this, rav seems to have a lot of scope to move lower. And if they dont get the buybacks done, nav is probably another 10p lower still.
gfrae: It certainly does flyfisher. I know I could look myself, but how much will the directors get ? It does seem extraordinary that the directors should benefit from a low share price.Though I suppose you could argue that they have taken advantage of the low share price and negotiated a share buy back from a distressed seller(Low as in it is at a large discount to nav). Yes, it is strange that they should benefit disproportionately to other shareholders, from the demise of Woodford and investors fear of investing in Russia, neither of which is as a result of any action by them.
igbertsponk: Worth a read. If those yields are hit the RAV share price will be well over a quid. hTtps://
Raven Property share price data is direct from the London Stock Exchange
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