The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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At last we have Auditors Grant Thornton good riddance to EY. Next stop signed off 2022 accounts early 2024. Who knows a listing in Dubai so we can covert Rubles to GBP +Fat Interest payment as well.
The web portal has been updated, registered holders can access the 2021 accounts and a financial update for 2022; additionally there is a agm today in Jersey.
Goodbye and many thanks to Mr Jewson, he was an excellent CEO and leader to the management. Hoping for the best for the company and my holdings.
Nah. Satin's rather dull, I reckon silk takes it all.
IN OTHER NEWS: I wonder if our boys are busy talking to American banks about Russian debt and such like? Just putting that out there...
Satin will take all
So, is it delist and depart and ride off into the sunset with all our money.?
Could be the end of a beautiful relationship?
Well, I've had 13 years of good dividends I suppose, then about 4 weeks ago bought some more as the price slid. As always too greedy
"can't see why it can't continue to earn loadsa dosh - problem is that we are probably screwed unless you want it in roubles"
Russia is unlike any western nation - When the Rouble is in trouble, Russian people default to $'s as a legacy of the USSR and the soft currency that existed at the time, and now the € - as will business. There will be a lot of western currency floating around.
Moreover, stores holding goods in the Raven warehouses will not be able to sell, so I imagine they will be forced to pay storage costs as surplus goods are held up for sale.
A short war, and things will probably be OK . the west hast to reduce sanctions as an incentive to Russia to be good. A long war ... bust of course.
But for god sake Putin ..... stop this madness ... it's obscene.
I agree it's a binary flip. This is the time when people with a real talent for making a lot of money on the markets, make a lot of money. I see there are a reasonable number of sales going through. I'm happy to hold knowing that what I've got I can afford to loose. The absolute worst thing would be to sell now and see the situation resolve itself in the next couple of months.
"The ability of the Company to continue to access the funds of its Russian subsidiaries and whether those funds can be converted to the correct currency at a commercial exchange rate is the greatest uncertainty at this time."
Hmmmm says it all really - can't see why it can't continue to earn loadsa dosh - problem is that we are probably screwed unless you want it in roubles . . . . . definitely a share to pop in a back drawer and forget for a while (IMHO of course)
Agreed …. This is a binary flip now …. Bust or back to £1 … but directors have a fair number of RAVP holdings so will want to claw some money back if it goes to the wall and preference shares sit above equity holders when the vultures come out.
I think people buy the RAV shares for the voting rights. Funds will often have a mix of RAV and RAVP. The prefs are cumulative as well, so the unpaid divis are retained while you hold the shares.
But bear in mind you are buying for the long term because they probably won't be tradeable from April. I've got a reasonable number of RAVP shares and it's possible they will become valueless.
Thank you so much for the information Wolfbag2. So from what I gather, if I do invest in Raven it makes sense to invest RAVP for it's proposed dividends and priority is bankruptcy occurs. Can;t see any value in buying Raven Property (RAV) shares then. If I'm missing something please let me know otherwise I'll definitely be keeping a keen eye on RAVP and the Ukraine situation.
Raven Property is the company - RAVP are preference shares issued by Raven Property - holders of RAVP are paid 3p/share as a dividend four times a year
For more info - see below
https://www.investopedia.com/terms/p/preference-shares.asp
Can anyone clarify what the difference between RAVP and RAV are. They're both listed on the LSE but appear to be the same company at face value. What is the difference as to what you're buying into in respect of one or the other?
Any clarifications or advice as to anyones opinions on which has merit would be very welcome.
Until the Ukraine situation is satisfied to everyones liking, I wont be investing but, in the future, it would be good to know the difference between the two.
Many thanks.
Share Price ChangeRaven Prop (RAV) 6.00 -13.17%
Could.ve sworn this was at 6p this morning.
They say that you should buy when there's blood on the streets but this feels like the elevator scene from, 'The Shinning' and the consensus perhaps rightly so seems to be one of utter resignation.
I was lucky when I decide to change brokers and sold everything back in mid Jan but I had already started my incremental buying before the world went loopy. I now find that I can almost double my holding for just a little over 85 quid (12.5p per pref) and asking myself why not ? The truth is you never know .
I've always thought a suspension or de-listing was possible here. I'm still hanging on to what I have. This will have to get sorted out. I think Putin will be deposed/assassinated before too long, regime change will put a different perspective on these. If we all go up in smoke in between times, it won't matter anyway.
So control of a substantial port city Kherson in Russian control and the price of RAVP bounces, but Ruble make new low. or is it dead cat bounce?
Polymetal just announced its dividend today ..... smart move.
I recollect FXPO having a problem with its major shareholder losing money in a Ukranian bank he owned .. share went down to 12p early 2016 ... I'd bailed around 50p and hit 500 last year.
Decided to avoid Oligarch owned companies from that point .... and had 200,000 shares in HMG at at 45p average or thereabouts ..... that I sold .. got taken out at 300p.
These things are volatile .... wait for the RNS.
And I can’t help noticing the disconnect with the ‘ords ’ today, I don’t hold any of them but they’re up and we’re down which doesn’t make sense to me?
Truth is all manner of outcomes are possible mate. When covid hit I remember the market in meltdown and no one could value anything and I added to NCYF in the twenties and they shot back up quite quickly, boring shares paying a decent dividend have always been my preference(excuse the pun) in strange times as this.
You’d think warehouses and storage would fit into the category, a bit like buying EBOX at 20p…..I’m sure we all would pile in there taking a longer view…..but this is a fast moving target as in Russia itself,currency meltdowns,risk of suspension,nationalisation,an escalating war…..you name it it’s all there but the potential’peace dividend for these and poly,Evraz,JRS etc etc is interesting.
Is it investment or speculation?
I’ve just added a few JRS which I might live to regret and I’m not selling these.
We might be, but the market rarely prices the risk correctly. That's the opportunity. A lot could happen in the next few days. I think buying RAVP is a long term thing. It's a buy and hold stock. The reason I hold certs is because SCRIP means I get more shares instead of the divi if I want to go that route. The mainstream brokers offer nominee holdings and can't handle scrip well. The warehouse market in Russia will be wrecked because of Putin's actions in Ukraine so it's quite likely holders will have take shares instead of a divi for a year or too. The other risk is that Raven property de-lists soon, then people won't be able to sell their trades. Could happen anytime.
If that happened we’d be buying for a punt i guess. I bought some at around a quid recently to bag the last divvi, in retrospect that wasn’t such a good move but who would have known!
If I didn’t already hold I would buy now at this price as recovery, the issue I have is to ‘average down’ enough to make it worthwhile I’d be putting more than I’m comfortable with tbh.
I'm not selling what I have, but I wouldn't buy now at 25p or so. Anyway, interesting times and at some point an opportunity to top up. If it was 5p even we'd both be buying.