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Raven Russia still undervalued

Raven Russia 's (RUS) shares bounced 5 per cent on a strong set of half-year results. The company's portfolio of logistics sheds around Moscow is now virtually fully let, with annualised net operating income of $191m (£123m) if pre-let agreements and letters of intent are included. That equates to an occupancy rate of 97 per cent, bearing witness to the strength of Moscow consumerism.

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By Stephen Wilmot,
28 August 2013

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