Raven Russia Limited

www.ravenrussia.com TICKER: RUS     EXCHANGE: FTSE 250

Raven Russia Limited is a Guernsey registered property investment company specialising in commercial real estate in Russia; concentrated on the acquisition and development of high quality class A warehouse complexes in the country's major cities and their subsequent leasing to Russian and international tenants. Since its formation in 2005 the group has implemented a policy of massive and largely speculative development of warehouse facilities in Russia, principally in the Moscow region. It has emerged from this as the largest owner of Western standard Class A warehouses in Russia. Raven Russia's financial position is strong. At December 2010 the group had cash resources of $107.6m and borrowings of $432.1m, against shareholders' funds of $797.8m (including preference capital). This is a powerful platform on which to base a further substantial expansion of the property portfolio. Raven Russia is a substantial company with a market cap of approx. £350 m on its ordinary shares, with an additional £200 m of preference share capital.

LATEST REPORTS

 
Girding the loins
Published: Jun 15 2017

Raven Russia is a Guernsey registered property investment company specialising in commercial real estate in Russia, concentrated on the acquisition and development of high quality Class A warehouse complexes in the country’s major cities and their subsequent leasing to Russian and international tenants.The group is strengthening its balance sheet further while eyeing acquisition possibilities and other developments. The placing of a second tranche of the 6.5% convertible preference shares will raise (subject to GM approval next month) a gross £102.3m at an issue price 14% higher than t

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De Profundis
Published: Mar 15 2017

Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange. The company has a market capitalisation of approximately £335 million and the capital value of all of its listed instruments is £610 million.The Group has just released its 2016 Final results. These showed an IFRS profit after tax $7.7 million (2015: Loss of $192.4 million); a year end cash balance of $198.6 million (2015: $202.3 million); an

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Carpe Diem
Published: Jan 20 2017

Raven Russia Limited is a Guernsey registered property investment company specialising in commercial real estate in Russia, concentrated on the acquisition and development of high quality class A warehouse complexes in the country's major cities and their leasing to Russian and international tenants.The group is using its financial muscle to seize the opportunity to acquire prime assets in St Petersburg on a yield of 16%. We have referred repeatedly to the group’s defensive qualities in what has been a difficult market and also to its capacity to deal with advantage in such a market.Rav

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Cash is King
Published: Aug 29 2016

Raven Russia's Interim results, for the 6 months to end June, released this morning, show IFRS earnings after tax $8.8 million (30 June 2015: loss of $20.6 million), and basic underlying earnings per share 4.8 cents (30 June 2015: 5.0 cents). These results were better than anticipated. Given the trying Russian market background over the last couple of years, Raven Russia's performance has been very resilient. As is always the case, management of the completed portfolio has been very tight.At the start of H2, Raven Russia raised £109 million through the placing of new 6.5% conve

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Resilient in a tough market - and cash rich
Published: Mar 13 2016

Raven Russia's statement is predictably downbeat, given the background of a troubled Russian economy (on the latest numbers, for calendar 2015 Russian GDP fell by 3.7%, and is forecast by the IMF to contract by a further 1.0% in 2016) and a weak rouble, but the company has displayed its strengths in the 2015 Final results published today. Property net operating income is only 6.8% down, partly because of timing impacts from rouble devaluation. The non-cash revaluation of the property portfolio pushes NAV to a fully diluted 49p per share. This leaves the Raven Russia ordinary sha

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Battening down the hatches
Published: Aug 31 2015

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Weathering the storm
Published: Mar 09 2015

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ARCHIVE

2014
Solid base in a troubled market
Published: Dec 08 2014

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A solid base
Published: Aug 26 2014

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Interim management statement
Published: May 13 2014

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Delivering ahead of expectations
Published: Mar 09 2014

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2013
Strengthening the balance sheet
Published: Nov 29 2013

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Cash rich, more development
Published: Nov 20 2013

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Yield+assets+growth+earnings
Published: Aug 28 2013

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Moscow surrounded !
Published: Mar 28 2013

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2012
Growing Moscow
Published: Nov 15 2012

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Harvest time in Russian property
Published: Aug 09 2012

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Financial muscle
Published: Apr 30 2012

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Breakthrough
Published: Apr 04 2012

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2011
Active in a receptive Moscow market
Published: Nov 28 2011

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Positive Trading Update
Published: Jul 18 2011

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A preference for yield
Published: Jun 08 2011

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