Member Info for Wolfbag2

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

Risk of FXPO assets being (deliberately) obliterated by the Russians is probably close to zero - if they (are allowed to) stay then it's possible that they may "appropriate" the assets - if they go then there is no real obvious tactical advantage (cept maybe spite !) and obviously the cost of munitions and I don't think even Putin can justify that !

https://www.theguardian.com/business/2022/mar/03/london-stock-exchange-suspends-trading-in-27-firms-with-strong-links-to-russia

https://www.theguardian.com/business/2022/mar/03/london-stock-exchange-suspends-trading-in-27-firms-with-strong-links-to-russia

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

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.

Try this for dividend dates

https://www.dividenddata.co.uk/exdividenddate.py?m=&fm=&sc=dd&st=1

43 minutes in - all encouraging stuff - they reckon on around £1 in 3-6 months and a 10p divi to boot in a possible 800mil mcap business - offtake partner taking all they can get their hands on washed/unwashed by road if necessary

Crogy

If it gets voted in then it'll work pretty similar to a dividend - RNS states 1st March

So on 28th February shares will go "ex-consolidation" immediately after trading lets call them "Old Shares"
You will be advised your new entitlement and new certificates issued - at the proscribed ratio - (RNS states 1:50 and call them "New Shares") - the shares will be suspended at close of play on that date and can no longer be traded (technically at that date -worthless)
On commencement of trading on 1st March the New shares will commence trading - at which point the new shares will seek their own trading level - presumably at at ratio 1:50 but its not necessarily an exact science

Arguably there is no difference in the cash equivalent of the shares you own - share price x number of shares held (although you will lose any fractional amounts) - it should appear fairly transparent on a nett basis

IMHO if he is raising cash for acquisitions then the likelihood of imminent dividends would be substantially lessened - dividends would normally be used to spin off excess cash (yes yes I know he has strongly intimated - dare I even say promised a dividend return , nevertheless it should be in all shareholder interests that BEN invests in acquisitions if its more cash accretive over the long term !)

Bid 3.6000 - Ask 3.8000 - as ever knowing whether 3.65 or 3.71 is a buy or sell is largely meaningless - once the consolidation goes through I reckon the stats and algorithms will be a LOT more meaningful

Bruce - I didn't think it would be, but it is actually in dictionaries !!!

https://dictionary.cambridge.org/dictionary/english/my-bad

US informal
used for saying that you accept that you are wrong or that something is your fault:
"You brought the wrong book." "Okay, my bad. I'll go get it."

Gobsmacked and astounded - Whilst it's quite entertaining, I'm afraid one can't really argue with stupidity - Leighton, but I will try

You really do need to check your facts BEFORE you start getting into arguments with the adults - a simple google of concomitant would have produced all the evidence required to support that SFH assertions are indeed 100% correct - you are simply compounding your ignorance by repeating the assertion that "concomitant" may ONLY be used in the medical sense

If you can't do simple research into definitions of words, then nobody will be able to take your views seriously in whatever field you may choose to specialize.

Damned @ Leighton - 16 posts and chooses to criticise and insult without even checking out his facts - really beggars belief !!

Hmmm maybe my bad but see RNS 12th Aug 2021

https://www.lse.co.uk/rns/ENT/interim-results-kow2y1qhgbmh7li.html

"The Board has not proposed an interim dividend, however it appreciates the importance of dividends to our shareholders. Assuming Covid-19 related restrictions continue to ease around the world, the Board expects that with full year results in March 2022 it will be in a position to recommence a dividend."

I can't find the reference but I have this marked as - announcement in respect of dividend of 30th January - am checking again for link

HL here - me neither

Admittedly I haven't done that much research on this company and do hold a fairly insignificant amount of BENS share - however - it is of note that there doesn't appear to be much interest from institutions - probably due to the fact that MBU Capital and AW hold around 2/3rds of the issued shares (MBU Capital apparently employ AW) - this is a scary amount and means the company can be run fairly autocratically and will will certainly rule out types of investors - most especially institutional investors - just imagine the AGM or any EGM - everything motion starts off with 67% of votes and probably going to get carried

See links
https://im-mining.com/2021/01/27/mbu-capital-acquires-bens-creek-carbon-mine/
Adam Wilson, Head of Natural Resources at MBU Capital, said: “We forecast strong demand for high strength steel over the coming decade, and this acquisition will significantly add to MBU Capital’s portfolio of precious metals and compound materials.”

https://benscreek.com/aim-rule-26.html
Significant shareholders
This information was last updated on: 8 December 2021:
MBU Capital Group Limited 59.49%
Adam Wilson 7.96%
John Story 4.87%

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=POLY

Just one useful resource for divi dates

I figure it simple really - Lease the 1st one - puts the onus on MHWM Ltd to ensure it works properly and as specced and means both parties have an incentive to ensure it continues to do so - it probably also means they got a rather special relationship- the purchase of the second simply demonstrates BENS have confidence in the tech - I'm sure MHWM would rather sell than lease - seems to me like a WIN/WIN