Raven Russia Share Discussion Threads

[fangorn2] 03/3/2014 08:19

Anyone adding on this Ukraine inspired dip?

See off 13% at 71.7 - looks an interesting entry point assuming the politics don't worsen dramatically.

[owenski] 01/3/2014 09:49

Further to Igbert's post

Hedging

The majority of the Group's senior debt portfolio is hedged against US Libor rate rises, with a mix of swap and cap instruments. $426.5 million (31 December 2012: $225 million) has been capped for an average of 3.7 years (31 December 2012: 3.4 years) with an average strike of 1.47% (31 December 2012: 1.93%). $338 million (31 December 2012: $422 million) has been swapped for an average of 3.0 years (31 December 2012: 3.0 years) at an average fixed rate of 1.46% (31 December 2012: 1.86%).

We also hedged against the effect on our preference share coupon of Sterling strengthening against the Dollar, capping the US Dollar/Sterling exchange rate at 1.60 for 3.5 years to December 2016.

[hawaly] 23/1/2014 16:16

Thanks

During late October of last year you needed about 31 Rubles for a US Dollar today you need 34.2, a 10.3% depreciation of the Russian currency in three months.

All the best.

[igbertsponk] 23/1/2014 15:54

All rents and borrowings are in US$.

[hawaly] 23/1/2014 15:53

Hi


Could someone tell me if there is a potentially damaging exchange rate exposure with this share.

Does the company employ hedging against any potential currency risk?

Perhaps all transactions are in USD.

It's just that as far as I can tell the Russian Ruble has depreciated by approximately 21.7% against Sterling since February last year .

There also appears to be speculation about a potential Russian currency devaluation - here is an example of what is being talked about:



Thanks

[igbertsponk] 06/1/2014 10:29

Think that is a BIG may. Certainly to get automatic entry.
85p = £625m market cap which doesn't get far enough up the list

[jbarcroftr] 06/1/2014 10:24

More important is that they may get into the FTSE 250 at the next review.
At 85p I think they do.Trackers will be buying in anticipation.

[caradog] 06/1/2014 10:09

Isn't this just the result of converting half their prefs?

[grahamhacker] 06/1/2014 10:07

Re last post - this may be the conversion from pref to ord shares... so please ignore!

[grahamhacker] 06/1/2014 10:06

Rns-Invesco purchased 96m shares!

[wayneduncan] 03/1/2014 10:26

3 year high - now can it hold?

[pro_better] 03/1/2014 10:25

breaking out nicely...

[speedsgh] 18/12/2013 14:17

Tip update again today by ST at IC. Mentions possible increased buying by trackers/funds on the back of prospect of FTSE250 inclusion in March 2014 to support share price.

"The bottom line is that Raven Russia's share price could get a boost from technical buying in the months ahead. It would be a move well underpinned by the strong fundamental case to invest which I have been making all year. Needless to say I continue to rate the ordinary shares a buy, and would also recommend that you convert half your preference shares into ordinaries too."

[jeff h] 27/11/2013 18:40

ST liked the update, I guess he'll like the exchange offer for the Prefs as well:-



I hold both so may not participate, however I like the way it will reduce what is effectively debt financing and reduces finance and currency risk, so perhaps good for the Ordinary shares.

[jeff h] 18/11/2013 20:22

$8.5m income on a cost of $48m with a top class tenant is a return property companies here must dream of.

Warehousing demand exceeding supply is another big positive.

I'm sure ST at the IC will be commenting on the update soon.

[whilstev] 18/11/2013 13:25

I don't know but I certainly hope so!

[jbarcroftr] 18/11/2013 10:25

I make the net assets at125p for 2015? Are my maths right?

[zangdook] 19/10/2013 11:26

HL seem to be saying they've successfully tendered just over 20% for me, which isn't bad cf the official figures in the RNS, if not very exciting given the tiny premium over the share price.

[whilstev] 07/10/2013 23:22

I'm taking the offer as well but I am currently overweight with rus so this suits my needs!

[zangdook] 07/10/2013 16:03

On balance I'm inclined to accept the tender with an eye to buying back in. If the share price promptly rises above 80p I'll be miffed.

[jbarcroftr] 24/9/2013 14:46

Looks like 85p is on the cards

[zangdook] 20/9/2013 18:57

If it goes on this way they'll have to raise it again.

[speedsgh] 20/9/2013 18:08

Confirmation after the close that the Tender Offer price has been increased to 80p.