Raven Russia Share Discussion Threads

[zcaprd7] 11/2/2017 13:44

Should be, once the Russians hand back Snowden has a state gift!

[judijudi] 11/2/2017 08:57

cats,
50p cracked?
Not quite yet it ain't
Hopefully next week it will be

[catsick] 10/2/2017 22:27

50p cracked ! This is doing very well, lets get an update pleeease

[zcaprd7] 24/1/2017 11:59

I'm in today. Let the Trump/Putin love fest begin. I hope he has lots of dirt on Trump...

[elrico] 20/1/2017 10:37

Raven Russia is buying three properties at a cost of 4.9 billion roubles (US$ equivalent $82m)leaving them in a very strong cash position of c$200m. The acquisition will add a minimum of $10m pa to the bottom line as well add to the group’s borrowing ability as and when conditions permit.

One completed warehouse and two office buildings in St Petersburg. They are 98% let, the bulk of which is in roubles rather than US$, at today’s market rents, so the "transition effect" does not apply.

Theproperties are – Gorigo Logistics Park – a logistics park of 87,000 square metres situated to the South West of St Petersburg, approximately 16km from the international airport.

Primium Business Centre – an 11,000 square metre office building situated to the
North West of St Petersburg and close to the new headquarters of Gazprom.

Kellerman Business Centre – a 22,000 square metre office building in the
Admiralty business district of central St Petersburg.

[catsick] 19/1/2017 21:17

Looks like an interesting deal 16 pct yield is going to throw off some nice cashflow, I think this also tells us a good deal about how confident they are going forwards, the cash pile was insurance plus ensuring future debt rolling/amortization would be covered, I guess the extension of facilities has gone well as they are now prepared to spend some cash, woud be nice to get a more in depth update.

[catsick] 12/1/2017 14:23

Well the ruble is trading to new highs today, etalon the other uk listed russian real estate play is exploding so I think the russian story is still bullish, Raven is lagging a bit, they really could do with a bit more communication about how things are on the ground, they dont do a lot to justify the massive compensation they pay themselves.....

[zcaprd7] 12/1/2017 13:19

Any thoughts on the trump press conference?

[davebowler] 10/1/2017 14:17

RUSC reminder;
davebowler 6 Jan '17 - 14:25 - 15 of 17 0 0 Edit
A holder of Convertible Preference Shares may at any time (other than (i) within 30 business days prior to the Redemption Date and (ii) where the Conversion right has lapsed following completion of a Potential Takeover) on giving written notice to the Company convert in whole or in part its holding of the Convertible Preference Shares into Ordinary Shares at a rate of 1.818 Ordinary Shares for each Convertible Preference Share (subject to adjustment in accordance with the rights attaching to the Convertible Preference Shares (such rate as adjusted from time to time being the "Conversion Rate")


davebowler 6 Jan '17 - 14:33 - 16 of 17 0 0 Edit
So once the shares in RUS are 112p/1.818 = 62p then we are in the money.Except of course the Conv Prefs will tend to rise in anticipation!
Plus there is the attraction of the 6.5/1.12 % rate of 5.8% to be had.


catsick 6 Jan '17 - 15:06 - 17 of 17 0 0
You also get a kicker if you dont convert as the bonds redeem at 1.35 times face so on top of the 6.5 pct coupon you are banking another 3.5 pct a year in kicker at maturity

[tyranosaurus] 06/1/2017 13:16

I think RUSW are probably not worth buying at the moment as they are quoted 23 to 27 and it`s impossible to get many.
Bought more RUSP this morning and got an order in for RUSC.

[catsick] 04/1/2017 23:59

And the convert bond too is very good value , anyhow they are all going up at the mom !

[igbertsponk] 14/12/2016 15:45

Finally cleared the 40p hurdle. Warrants (RUSW) are worth a look at if you think the zoom will continue.

[catsick] 13/12/2016 20:33

Another day of decent buying volume with little effect on the price, the rouble is at its strongest point in the last 12 months and other russian related stocks are really motoring, Etalon is up huge over the last few sessions, would be nice to see some more newsflow from raven, leasing updates or some kind of indication on how things are on the ground, I am sure the logistics sector will be slower to react to an improving economy than the residential sector but Etalon have given a lot of data on how things are improving on the ground and raven very little so far.

[catsick] 07/12/2016 15:37

Huge volume today, not much move though, other russian stocks are motoring, time for raven to catch up a bit !

[catsick] 10/11/2016 04:29

With current fx rates I see the nav at 64p which is where I think fair value is, medium term I dont think it will take much to see yields compress from 12-14 pct down to 10pct if this happens I think the nav will be up to 100 and the shares should follow ...Even in argentina where rates are in the mid 20's real yields are around 7pct, In russia rates are falling and the ccy and market has stabilized I see no reason why these index linked yields should not be much lower than the current 12-14 , also there can be a big boost from financing spreads falling, at the current 39p they are priced for armageddon still

[catsick] 09/11/2016 11:16

Trump winning is awesome for raven, there will be a relaxation of the drumbeat of anti russia rhetoric from the neocons behind hillary now, putin and trump can enjoy some bromance and Raven trade closer to fair value ....

[bisiboy] 30/10/2016 17:55

Is there any chance of putting a ruble exchange rate chart in the heading

[catsick] 11/10/2016 15:01

The recent currency moves are all to ravens benefit , strong ruble with ruble assets and very weak pound and gbp debt/prefs and the shares are quoted in gbp, the nav per share will be getting marked up next financials we see for sure !

[spob] 29/9/2016 23:07

ok thanks, just checking

wouldn't trust barclays as far as i could throw them

[igbertsponk] 29/9/2016 08:31

yes, you can only tender your divi entitlement. Makes sense with the share price so near the tender price, as many large holders won't bother with the tender. So could lead to smaller holders getting rid of their whole holdings, which don't seem fair.

[spob] 28/9/2016 22:31

Barclays is saying the Excess tender offer has been withdrawn

is this correct ?