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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.
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
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.
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.
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.
"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)
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.
"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.