Nobody ever said doing business in Russia would be easy, let alone for a London-listed company in the property sector. But when your management, finances and business model are singled out for praise by investors and you still see your share price struggling, it must be doubly tough.
Even in the age of decoupling and the discriminating investor, is seems, it’s still macro economics and the risk-on, risk-off mood of the moment that drive share prices. Even so, Raven Russia is sticking to plan A.
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