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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?
No payments, they'll preserve the cash.
Hold for future dividends and share price recovery,worst case scenario’s priced in IMO. GLA
As in, these are physical assets, way undervalued with all that’s going on.
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.
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!
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.
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'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.
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.
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.
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.
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?
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.