Raven Russia P Discussion Threads

[garycook] 27/4/2018 11:11

GARYCOOK
15 Apr '18 - 02:55 - 2440 of 2474 Edit
0 0 0
Kenny,Always oversold,when something like this happens.But it turns out to be an excellent buying opportunity.Also with HGM,my other connected Russian Gold miner.

[my retirement fund] 27/4/2018 10:43

Pogue any fool can shout sell when a nations ruling leader and her cohorts turns there race hatred on other nations states. But when events blow over and the past swamps them eg Windrush etc, then were are the wise people saying buy ?

[pogue] 27/4/2018 10:31

Kenny
lets wait and see if Aviva confirm the irredeemability I expect them to do so in due course when he dust has settled they need to recover their reputation otherwise future issues of debt will have to be at a premium to attract buyers. They have lost the argument they will fall in line becuase it will cost them not to do so.

[catsick] 27/4/2018 10:27

I also bot some of the aviva 8.75 after the puke but got rid already as up at 160 they dont represent good value, these with 8.5pct yield are a much better bet espec with confirmation now that they wont try any funny business

[kenny] 27/4/2018 10:15

progue - I beg to differ on the Aviva versus RUSP comparison you make.

Aviva have merely made a statement to the effect that if they do decide to redeem, they will have regard to the market price in fixing cancellation terms. RUSP is a true permanent share because it needs the RUSP class alone to vote to cancel.

Therefore, I believe RUSP offers far more security in terms of being irredeemable. Once Aviva states it is going to redeem, I believe its preference share prices will suffer due to uncertainty. Further, I believe that those preference will continue to suffer uncertainty on a permanent basis - even if never redeemed - because there is always the chance they will be redeemed.

Income investors do not like the rug pulled from them or uncertainty.

[garycook] 27/4/2018 10:03

All those that purchased RUSP at 128.50p.When most had sold out.Put there hands up.Nice 5% rise today,and a nice juicy 3p XD,due around May 17.RUSP could be 150p by then !

[igbertsponk] 27/4/2018 09:55

Good of Raven to confirm they're changing to ensure the pref rights are protected. A sensible decision to avoid uncertainty.
Rewarded with a nice tickup.

[pogue] 27/4/2018 09:52

My Retirement Fund
the argument to sell was proven right what are you saying it did not fall? Now its rising is irrelevant the call was correct and the risk factor of it being a Russian based pref remains and can bite again. Not getting your dig at sellers who called it right.

[pogue] 27/4/2018 09:49

Indeed Kenny if you are in oil stocks right now its is proving very much so all the money I have sunk in there during the low oil price last couple of years is looking very good right now. Patience is all.

[my retirement fund] 27/4/2018 09:45

No wise words from the Skyship ?Another one of those posters whos happy to tell everyone to sell but seems to fall strangely silent when the reverse becomes true.

[kenny] 27/4/2018 09:41

progue - as Warren Buffett said: "The stock market is a device for transferring money from the impatient to the patient."

[garycook] 27/4/2018 09:40

P,Good for you !

[pogue] 27/4/2018 09:33

Garycook not regreting selling here much of money landed up in the Aviva 8.75 after the fall very nice paper profit and now a safer pref

[spittingbarrel] 27/4/2018 09:30

144 bid, no offer online.

[montyhedge] 27/4/2018 08:16

Once voted, I see these over 150. Will bring in a new lot of income seekers.

[highly geared] 27/4/2018 07:47

Recent events a storm in a teacup. Focus on the underlying business and the dividend cover and the recent events will quickly pass. Tremendously value to be had..

[11_percent] 27/4/2018 07:45

Love it.......I assume this will pass at the AGM.

[garycook] 27/4/2018 07:40

Good,Back to the 150,s then.All that sold.will be regretting it now !

[catsick] 27/4/2018 07:38

Yes good news for pref holders that the company are going to clarify the situation and require a class vote on any attemt to mess with the prefs, ie the prefs can only have terms modified if the pref holders themselves agree in a vote

[eeza] 27/4/2018 07:09

From today's RUS RNS

"Raven Russia notes the recent announcement by Aviva plc of its ability to cancel certain irredeemable shares it had issued at or close to par value through a reduction of capital, and the resulting interest from the UK Financial Conduct Authority and a number of institutional investors. The Company has taken its own legal advice on the matter. In light of that advice, the Board considers it appropriate to put to shareholders at the Annual General Meeting proposed amendments to the Articles that would provide that a reduction of capital of the Company's cumulative redeemable preference shares of 1p each ("Preference Shares") or Convertible Preference Shares (which, in effect, could implement a cancellation of such shares at a significant discount to their market price) should require the specific class consent of the relevant class of shares. The amendments will also require the class consent of the holders of Preference Shares (in so far as they relate to the rights attaching to the Preference Shares) and the holders of Convertible Preference Shares (in so far as they relate to the rights attaching to the Convertible Preference Shares)."

[nerja] 26/4/2018 15:14

Was able to top up 2k at 140p normally get within the spread

[spittingbarrel] 26/4/2018 14:36

138 bid, no offer online.

[kenny] 25/4/2018 16:28

Raven Russia announces new appointments in Russia (25 April 2018)

The company Raven Russia announces two strategic appointments in the top management, designed to strengthen the company's position in the real estate market in Russia.

Victor Afanasenko, formerly the Director of Leasing and Marketing, was appointed Managing Director of the project within the framework of the signed cooperation agreement with the Central Union of Consumer Societies of the Russian Federation (Tsentrosoyuz of Russia) to create an all-Russian network of wholesale distribution centers (ORC) for agricultural products in Russia. In the new status Victor will be responsible for the development of the network, coordinate the relations with partners, suppliers and consumers on centralized procurement, storage, processing and optimization of supply chains of perishable foodstuffs.

Vyacheslav Kholopov joined the Raven Russia team and took up the position of Director for Leasing and Marketing. For the last 11 years he worked in consulting companies - JLL and Knight Frank, where he headed the division for work with industrial and warehouse real estate. In his new role, Vyacheslav will be responsible for the maximum occupancy of the company's portfolio of projects, marketing and maintaining relationships with key customers and the market.

[cwa1] 25/4/2018 09:00

A flicker of upward life this morning. Also, FWIW, can sell well inside the spread at 137 in decent quantity. So the "real" spread is 137-138. SLIGHTLY encouraging.

[catsick] 25/4/2018 01:56

Yes very interesting to see how quickly the market is tightening and leasing empty space is basically free money, Im sure we go into a bull market at some point when the value of these assets will outweigh the political risk