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Started: bigraybear888, 13 Dec 2023 21:08
Last post: bigraybear888, 13 Dec 2023 21:08
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.
Started: Safaniya, 17 Jan 2023 07:48
Last post: Safaniya, 17 Jan 2023 07:48
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.
Started: hoarsewhisperer, 28 Mar 2022 15:05
Last post: 37hillside, 18 Aug 2022 10:48
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
Started: Narada, 14 Mar 2022 12:47
Last post: Temple_of_Doom, 14 Mar 2022 23:16
"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.
Share Price ChangeRaven Prop (RAV) 6.00 -13.17%
Could.ve sworn this was at 6p this morning.
Started: hoarsewhisperer, 28 Feb 2022 10:33
Last post: kince360, 14 Mar 2022 11:19
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'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.
>null
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…
Started: Wolfbag2, 3 Mar 2022 20:25
Last post: AGBR, 4 Mar 2022 09:34
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.
Started: Ray888, 3 Mar 2022 12:29
Last post: Ray888, 3 Mar 2022 12:29
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?
Started: Ray888, 1 Mar 2022 13:30
Last post: Temple_of_Doom, 2 Mar 2022 16:32
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.
Started: Ray888, 1 Mar 2022 10:09
Last post: devnull, 1 Mar 2022 13:28
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
>null
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.
Started: goldust88, 14 Sep 2019 20:33
Last post: rotto, 22 Feb 2022 13:30
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.