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I guess it’s a bit of a TW moment(2p in the crash if you were around then)! Buy and hold then but….! Same thoughts really on these, survive and worth bucketloads more in time or lose the lot!
At least PSN and CMCX had good divvy news today!
Not one to trade as the spread,even the true one can be quite prohibitive as we know but surprisingly liquid in decent quantities. Decisions decisions..!
I might add more but I'm not going to sucked into the swings up as it goes down. It's hard to know where the risk/reward tipping point is here. But not at 20p I'd say.
Risk we take mate. I’ve had these for years as a consistent 3ppq divvy payer, SP ranged between a quid and 130/140 and carried on paying through covid. In the space of two weeks I’ve already lost 80-odd percent on paper so no point selling is my view.
Hard to be totally objective when you’re already in something mind you!
Added a few to round up my holdings but not going mad because it’s risk-on for sure!
James! You could lose the lot. The debt is in Euros, the income in Roubles. Their clients are big western multinationals who are washing their hands of Russia. It's looking very dodgy, the prefs are highly illiquid and not a good instrument to trade.
As in, these are physical assets, way undervalued with all that’s going on.
Hold for future dividends and share price recovery,worst case scenario’s priced in IMO. GLA
No payments, they'll preserve the cash.
I'd never thought of that tbh. But as AGBR says if this ****-storm spreads it will be the least of our worries. Wonder if they will pay in March or use Force Majore to suspend payments?
Fortunately i sold out 3 months ago after holding for 8 years on a yld of 10%. I think the risk reward bet is getting interesting 52% Yield on a pref share. Nice but not yet for me YET....GLA
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Don't mean to give anyone advice to buy of course. It's just my thinking. They have been a great dividend payer so they probably don't owe me much.
Hi both, I've owned these since Aug 2016. I just hold certs so selling was never an option. These prefs are largely already owned by the "state" if you want to call it that. i.e. the oligarch class over there. I've looked at the shareholdings in the past and it's obvious what's been going on. I wouldn't be surprised if Putin owns 5% of the RAVP stock indirectly!
I think it all depends how long the conflict in Ukraine runs for, 6 weeks, I think probably buy additional shares in a measured way in line with what you can afford to lose. If the conflict spreads to neighbouring states, then I'm not sure much of this will really matter.
Hi Ray - My biggest worry is not that they go bust - they have a great business model and warehousing is probably going to be needed more than any time before (although how they get paid for it also figures) - no my biggest worry is that the Russian state steps in and claims it for their own - with a "hang the consequences" - "let the rest of the world suck on that" type of attitude
Hi Wolfbag2 Same here just hope they don't go bust. It is a pref they may well suspend but gets rolled up in that event. The risk is they go bust.
I'm holding and hoping - what's lost is already lost - what I still have I am counting as naught - if I lose the rest then I am lucky enough to be able to move on - if normality returns (or a new normality !!!) then I'll only have regrets when (and if !!) a rebound arrives (however long that may take).
In the short term - I get a feeling they may not be in a position to even honour the dividends - I reckon they may become unlisted and then there'll be a devil of a job to recoup even the current (residual) value of the shares. You pays your money you takes your choices !
Still - Good Luck to all holders whatever choice they may make and regardless wishing for the best outcome for all the citizens of the Ukraine and of Donbass.
This is warehouses not oil, gas or military. Putin is stuck and needs to save face and I think his time is limited.
Russians know that Ukraine has a large Russian contingency and don't like fighting their own relatives for obvious reasons ....
.. it would be like the English sending in the tanks to Belfast to try and take over Northern Ireland.
A gross miscalculation by Putin - he will be toppled soon enough.
All IMO.
Thinking, but not moving yet. RISK is still to high even for a 32% yeild.
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Share your pain; only lost on paper at the moment but I don’t have the minerals to buy more or sell the ones I hold. Questions questions…
34p and a yield of 33%
I've enjoyed 13 years of regular dividends from this share and decided to buy some more when they had dropped to £1.08. Doh!!! Is anyone brave enough to buy more now? I'm tempted to average but don't want to prove myself more financially incompetent than I already am.
Comments please even if they are jokes at my expense
Agreed.
Not for the faint hearted but at 100p buy price, yield is 12%........nett in an ISA!
Higher risk with Ukraine issue but also bargain buying time if you do take the risk
Yup got a few more at 112 down to 110.75.
Raven Russia with a massive holding of wharehouses in Russia - now with share overhang gone this really cheap stock will just keep on paying divs and rising in price--should get back to previous highs this year at about 140p and still pay dividend of 7%
Look at other wharehouse companies and see how prices have risen.
GET IN.
You're right nut wrong timing alas. Support currently at 112-111 I'd wait for a move higher to confirm. Also you have £ Rouble pressure holding down the price.
More risky now with the virus affecting trading in Russia
More risky no