At first sight Raven’s H1’18 results look weak, but this appearance (due to currency impacts) belies significant underlying improvements in local market conditions and the opportunities the group has to invest further at high yields. While the London market continues not to appreciate the attractions of a substantial (27%) discount to NAV and an equivalent dividend yield of almost 10%, the newly revealed intention to list the shares in Moscow and Johannesburg may find a more enthusiastic audienc ....
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Underlying progress offset by currency weakness
- Published:
28 Aug 2018 -
Author:
Trevor Griffiths -
Pages:
3
At first sight Raven’s H1’18 results look weak, but this appearance (due to currency impacts) belies significant underlying improvements in local market conditions and the opportunities the group has to invest further at high yields. While the London market continues not to appreciate the attractions of a substantial (27%) discount to NAV and an equivalent dividend yield of almost 10%, the newly revealed intention to list the shares in Moscow and Johannesburg may find a more enthusiastic audienc ....