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Many Thanks you are quite right.
That's who I emailed. My holdings are in a nominee account. No problem getting access. Very quick process.
I had seen a post on another forum no deleted that said Raven would accept statements from Nominee holdings. Is Benn Garnham the best contact or are you aware of another name I could contact. Many Thanks for you posts.
Fantastic news, I’d written these off until I noticed the credit in my earnings account today thinking it was a mistake! Also didn’t realise there was still a board servicing the prefs, thanks for the links everyone.
was getting out of the blue £1k cash in my A J Bell account.
And AJB are probably the best for being helpful with russian stuff.I also have russian stuff with SAXO who seem to garner govt brownie points by being as unhelpful as they possibly can.
DO NOT GO WITH SAXO avoid them like the black death. Thjeir whole platform is substandard and they don`t even answer letters.
Thanks for the info which encourages me mightily.
Thank you for the update Laughton.
I have been unable to access the new Company website. The shares I hold are with Hargreave Lansdown in the form of a contract note. I'm not sure what is thwe best way to proceed to be honest.
If so - a bit of positive news (especially for us Prefs holders):-
Raven Property Group Limited 9 February 2022
Dear Shareholders,
As set out in our update of January 2023 the Company has been able to repatriate additional sterling funds from part of the proceeds from the sale of the interest rate caps in March 2022. We are pleased to note that the Board has recently agreed to make a one off payment of 3.45p per preference share relating to the 31 March 2022 preference dividend and the interest due on that dividend. Payment will be made on 15 February 2023 to preference shareholders on the register at 18 February 2022, being the original record date for the 31 March 2022 dividend.
This is an exceptional payment and does not indicate a return to timely payment of preference dividends.
Separately, we have been asked by various shareholders to try and generate liquidity in the Company’s ordinary and preference shares to allow people to sell a portion or all of their stakes.
Obviously, in light of the circumstances this is difficult.
We have the current matched bargain facility and have received a number of small offers, currently 10p for the preference shares and 5p for the ordinary shares, but at low volumes.
A small number of existing holders have said they may be willing to purchase more shares, however it is hard to persuade potential new investors to consider it without indications of a price at which shares may be available.
To try to address this and in an attempt to create better liquidity we will write to all shareholders on a quarterly basis stating what demand there is for either buying or selling each of the two share classes and at what price.
As noted above there are currently offers for the preference shares at 10p and the ordinary shares at 5p. Please could you advise if these offers are of interest for either all or some of your holding.
If these offers are not of interest please indicate on the attached form at what price you might buy or sell and the number of shares.
We can then look to build a book by presenting to new potential investors.
Thank you
Please return the attached form to Benn Garnham, Group Company Secretary, at bgarnham@ravenproperty.com indicating your views on liquidity and pricing.
Hi Laughton, Thank you very much for posting the update. I have been unable to access the new company website so this is very welcome. I had wondered what was happening top my investment. Please post further updates if you are able to. It sounds like a special dividend may be forthcoming?
To any interested parties still looking in here, a shareholder update issued by the company today:-https://www.theravenpropertygroup.com/media/1617/20230111-shareholder-update.pdf
terry, yup fiduciary duty.
The uk govt appears to have absolved them of vany such duty.
Look at P OG 99% gone and not one word bsince all this started about the business, no info ,no accounts even unaudited. Here same pattern exactly.
I do not really understand the convoluted option and why it is needed since they never said. As far as I am aware RAV rents out property in russia which is in high demand and it`s expenses are in Russia too so where was the problem ?
Maybe the pref interest cannot be paid but I don`t care if it just mounts up for a year or two. If other foreiogn currency is needed we could do a rights issue since with the strong rouble the company balance sheet, if we saw one ! would be super strong. I was expecting the shares to double easily.
WHY ?
Tell me , how can we be robbed like this in broad daylight in this supposed to be civilised law abiding country ?
In reply to my online message, Hargreaves Lansdown inform me that it is 'not possible to withdraw shares into share certificates'.
Perhaps I should ring them instead, but I don't understand this.
If you can let me know how you get on with this as I haven't made any progress with HL.
Thank you
I need to know this too. I was planning on contacting HL today.
I will anyway, I guess.
The Brit management of Raven are thieving SCUM!
i wrote to Hargreaves Lansdown for an investor code to enable me to log in to the RAV website. HL stated the shares are held in electronic form and therefore no shares certificate is available. These are held in a system called CREST. Does anyone know how I can get my shares certificate and therefore my investor code to enable me to login to the RAV website.
Thank you
Thanks Terrytibbs, million dollar question, will there be an opportunity to sell the shares and make a swift. Exit, Lol.
Sorry for the question but this has never happened to me before with a share. Is all our money lost? I trade with AJ bell, do I need to get a share certificate? Thanks in advance.
of comments -good . Then I see what they have done. Gone completely dead LOL haha lol
unbelievable.
Anyone know what was result of the vote on delisting ?
I think it is time for pitchforks. Not just here either.
Cheers. It’s my smallest position (a test purchase when I downloaded HL app). But I’ll call them tomorrow on principle and give to charity if I get anything back.
Nope. Nothing here. Just saw it had changed format this morning and everything had disappeared. Even when I searched in the LSE chat search bar it didn’t populate with the usual Raven Property result, I only got here by searching in Google. I’d written this off ages ago but still incredibly frustrating.
Ordinary shares and prefs delisted today. Tried to get on Raven property website and its now password protected. Says you need investor code from your share certs to register!! Has anyone been sent share certificates ?
This whole suspension and delisting process makes a mockery of the stock market, its just theft! Whats to stop other companies doing the same?
I notice there are now only 66.75 Ruble to the pound compared to 100 at the interim statement. If we assume no change in the ruble asset value of the property then this would mean a £540m increase in asset value which would give an asset value of around £1.50 per share!
is there nothing here. do investors only have a few shares ?
THis company is now super valuable. It`s value is in a direct relation to the rouble rate.
What happened to the vote ? noone could seriously vote in favour except the big wigs who run things and have big holdings. They were probably bought off by UK govt.
Many weeks ago RNS things are opeless rouble 150 , forget ur investment . TODAY rouble 57 strongest rate for many years. Anyone tell me where the later RNS is. I seem to have missed . Blatant fraud/corruption and you say NOTHING.
the rouble is 57 to the $. strongest in the world. Funny the board has kept stum bout dat ? no not funny , suspect/ corrupt.
Not artificially strong. Russia has a strong real economy , inflation and interest rates both on downward path.
The collapsing economies are EU, UK and soon USA, where the revolting people will soon be slim . can`t buy much food after filling up the car.
These people should be in jail, the rubble is more better now than pre the operation in Ukraine so I don’t understand why they are really trying to cut us then they open new company