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Business will not just stop within Russia because of the Ukraine situation. We always get a knee jerk reaction to these situations and the sp is recovering already. This is a sound business with incredibly high occupancy rates so I certainly wont be bailing out.
When you say long term, is that 100years? Of course most unlikely nuclear war and any military war but an economic war? Fact: The whole region is coming apart and isn't going to be fixed over night. If you like the risk then go for it.
West hasn't the will for a war with a nuclear power over an area that is ethnically Russian. Good buying oppertunity for the longterm
Money is pouring out of Russia and won't be going back there for a while. People are panic selling over there.
You shoud have gotten it on the 8 Jan.At least that was when Barclays paid me mine, the preference shares are the best and long may they continue! ATB
I have prefs aswell. Take my divi in shares and got mine on 31st December. Applied to convert a chunk to the ords but haven't heard conversion allocation. Have you?
Happy preference holder here, yet i havent received my dividend yet, payement date 31/12/2013? Is this normal? greetings
The board is pretty much red, why?
Tipped by Nick Louth in Money Observer "Just 3% of RUS 1.4m metres of warehousing is vacant income is rising and a lease agreement has been agreed with Dixy (one Russia's largest supermarket chains') in their next warehouse project in Moscow. The company also has plenty of land to build further units and analysts expect the company's NAV to be more than 90p by the end of 2013." IMO Raven has potential upside due to increasing revenues going forward but the downside is limited by the NAV which is based just on the property and land it owns and does not take into account the revenues they produce.
There should be further gains to come, too. Based on both fundamental and technical analysis, I believe a break-out above the 80p resistance level looks firmly on the cards, and one that should take the price to my target price of 90p at the very least. In fact, a close at 81p or above would signal a major triple top break-out on the point and figure chart. And with the 14-day relative strength index (RSI) not over extended, and the moving average convergence/divergence oscillator on the verge of issuing a buy signal, the technical set up is certainly positive. Raven Russia's shares are trading on a 6 per cent discount to very conservative spot net asset value forecasts, and more than likely a 13-15 per cent discount to a more realistic year-end book value around 90p if the company's properties are valued in line with the yields on prime Moscow warehouse space. That seems anomalous to me considering rental income is rising, vacancy rates are narrowing, and there is obvious scope for further valuation uplifts next year and beyond. Offering an attractive prospective yield of 6.9 per cent, the shares continue to rate a decent buy on a bid-offer spread of 79p to 79.5p, and my fair value estimate of 90p is not only reasonable, but it could also prove conservative.
So sorry I did not answer your post. , I only check in here every few months , as far as the Pref shares go ,they have not only increased in value since I bought them over 2 years ago but they also continue to pay me a brilliant divi , dyor but I do recommend them atb and good luck with your investments
Also tipped in Midas at the end of August: http://www.thisismoney.co.uk/money/investing/article-2407899/MIDAS-UPDATE-Russian-warehouses-prove-red-star-tip.html
Prefs (RUSP) were going down - has the drop stopped? Yield on the ords (RUS), though not listed on LSE here, is also good (payment via share buyback rather than divi).
Strong buy in IC piece on property sheds: http://www.investorschronicle.co.uk/2013/10/03/shares/sectors/buy-into-property-s-industrial-revolution-wLL5ykEYT0kTtbXqs7J8GJ/article.html
Raven Russia preference share which pays a brilliant divi and if anything happens one is the first in line for the dosh! GLA
Founded by property developers Hirsch and Bolton.
Tipped by IC today. 90p price target post results at the end of August based on expected book value.
My Dirty Little Dividend Secret… http://wexboy.wordpress.com/2013/03/29/my-dirty-little-dividend-secret/
Oh and Group cash balance is currently $156m.
Raven Russia, the Russia focused property investment company, said the letting market in its sector remains strong as it heads towards the year end with its assets in Moscow, St Petersburg and Rostov expected to be virtually fully let by December 31st. The group said annualised net operating income, or NOI, stands at $168m, rising to $170m, including letter of intents or LOIs. Raven also said it has started construction of a managed development programme of its Moscow land bank of 49,000 square metres of new space. "As these are new phases of existing sites, the total marginal cost of construction is budgeted at $35m, with delivery expected at the end of Q2 2013," the group explained. Novosibirsk is the slowest of the markets it operates in but it continues to show steady interest, it added. Chief Executive Glyn Hirsch said: "We now have a mature portfolio of high yielding assets. To continue our steady growth, we are using our cash resources to develop selectively our Moscow land bank."
Raven Russian, the Russia-focused property company, has invited shareholders to sell a small proportion of their shares to the company. The group has proposed a tender offer under which shareholders can sell one in every 46 of their ordinary shares in the company at 70p each, which will then be cancelled. If the maximum number of shares of around 13m are acquired, the company will pay a total of £9.1m to shareholders. The offer is open to all shareholders who are registered with the firm by October 16th and must exercise their warrants by September 28th. The tender offer will also present tendering shareholders with an opportunity to sell more than their pro rata entitlement (up to their entire holding of ordinary shares) to the extent that other shareholders tender less than their pro rata entitlement, Raven said.
Resume Property group Raven Russia might seem rather exotic at first glance. But look a little closer and the company offers a compelling investment opportunity, combining a healthy annual income with the potential for strong capital appreciation. Searching for a venture that would provide stable, attractive rental income and some capital growth, the company´s founders hit on warehouses in Russia. Situated outside Moscow, St Petersburg and other large cities, these huge sheds act as staging posts for everyday goods that are brought into the country and then transported to shops. When the firm was set up, there were virtually no independent warehouses in Russia. Interim figures released last week were promising. The group moved from an underlying loss of $5.8m (£3.7m) to $14.3m profits, an independent valuation of the portfolio rose by $42m to $1.4bn and the warehouses are 94% let, a figure expected to rise over the next year (the group reports in dollars because Russian business is conducted almost entirely in the US currency). Brokers expect strong profit growth over the next three years, accompanied by steady increases in the ordinary shares dividend. Russian property may not be universally attractive but Raven’s assets are solid, sensible and rented to big, respectable companies. The group is now in the FTSE 250 index too, adding a further layer of respectability. For investors in search of income, the preference shares are appealing. For those who want capital growth as well, the ordinary shares have plenty of potential. Buy, says The Financial Mail on Sunday´s Midas column.
The mail..p 76 ...big write up...Gla....
Raven Russia, the Russia-focused property company, is benefiting from an improving economy, particularly around Moscow and Rostov, and an under-supply of the kind of warehousing facilities which are its speciality. In the six months to June 30th pre-tax profits came in at $29.6m, down on the prior year's number of $86.4m but this may give a misleading impression because underlying earnings before tax for the period were $14.3m against a loss of $5.9m in 2011. This equates to diluted, underlying, earnings per share of 2.35 cents (30th June 2011: loss of 0.5 cents). The group's net asset value, or NAV, increased from $669m at the year's end to $685m by the end of June; property companies tend to be far more concerned about NAV than the bottom line. The latest portfolio valuation is $1,417m, representing a fully let portfolio yield of 11.7%. Raven Russia's Chief Executive, Glyn Hirsch, said: "The market in which we operate continues to improve. The Russian economy is growing and our tenants are doing well. There is a structural under-supply of logistics warehousing and combined with fragmented competition and limited development finance, this means that the supply/demand dynamics are in the landlord's favour." Raven Russia is a recent entrant to the FTSE 250 and so far this year the stock has gained 33.7%.