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% 30.85 937 09:09:08
Bid Price Offer Price High Price Low Price Open Price
30.90 31.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 127.53 20.55 -14.75 151
Last Trade Time Trade Type Trade Size Trade Price Currency
09:07:12 O 937 31.195 GBX

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Date Time Title Posts
01/9/202012:37Raven Property Group "ordinaries"133
07/6/201816:39Raven Mount - hot property stock4
23/6/200408:06Patiently 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 30.85p.
Raven Property Group Limited has a 4 week average price of 29p and a 12 week average price of 29p.
The 1 year high share price is 51.80p while the 1 year low share price is currently 25.80p.
There are currently 489,746,016 shares in issue and the average daily traded volume is 59,233 shares. The market capitalisation of Raven Property Group Limited is £151,086,645.94.
erstwhile2: NAV is now about 42p pre Invesco buyback with fx moves alone. 12% off the assets themselves would make this NAV zero. So the buybacks arent particularly accretive at 36p any more. If i was management i wouldnt want to do them at all for all the extra gearing it would bring at the wrong time. Current share price simply hasnt reacted enough.
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://
irish_neris: Buying at 36pence isn't going to do much to help the share price move up
cwa1: Announcement on the purchase of Woodford and Investec stakes...
erstwhile2: It is a disproportionate NAV move for a 10% rouble strengthening because essentially 100% of the assets but only 20-25% of the liabilities (including prefs and convertible prefs) are RUB denominated. The same magnification effect will occur on the income statement, the current run rate of cash items (ie excluding currency reval of assets), and including the effect of the 106m share buyback (assuming that it what it is) translates to annual earnings between 5.5p and 6p by my estimates. This won't fully relect in the 1H and 2019 full year results as they will be based on average fx rates, but should flow through next year if RUB manages to hold around here and GBP doesn't fall a lot further v EUR. Together with the positive words from the company on occupancy, rental rates and the base rate cut the earnings outlook is a lot better. Seems RUS is pretty cheap now the Woodford situation is resolved hence the marginally perkier share price. Financing the buyback (106m @ 36p so say £40m inc costs): they had £73m balance sheet cash at Dec 18, H1 cash earnings of say 12m and a buyback recently of 25m shares at 45p for £11m. So absent investment movement + current asset management on the balance sheet the cash balance today is still sufficient to deal with the Woodford/Invesco buyback
irish_neris: Be interesting to see what happens with these if brexit goes belly up and the market falls. Non UK income been generated in a somewhat steady economy. Share price isn't taking huge swings so far
kenny: I agree - it is all very strange. Seems to be some very keen buying over the last 3 months. I don't hold - only hold RAVP - but I wonder if there is a merger or takeover in the wind. In particular, the company is one of the biggest single owners of warehouse property in Russia and it would today be difficult to accumulate such a large portfolio of warehouse property - there are few sellers at current depressed prices. The share price must be near NAV, when you take account of the foreign exchange loss in H2 2018 - that does not make sense to me. All of the above is speculation as I am a retail investor with no particular knowledge to explain the share price movement in the last few months. It could be something as trifling as Russian individuals buying on the Moscow exchange in order to, effectively, move money out of Russia. If so, that effect will eventually wear off and the share price could move back down. Do your own research and do not take any action based upon this posting - which is pure speculation.
andyj: They are on my radar. Forecast to yield 7% over the next two years, with potential recovery in the share price.
Raven Property share price data is direct from the London Stock Exchange
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