Small-cap stock Raven Property Group (LSE:RAV) is currently on my radar. Could it be one of the best penny shares to buy now for my holdings? Let’s take a closer look. Property boom
Raven Property was founded in 2005, with a focus on investing in a portfolio of what it calls “Class A” warehouse properties in Russia. At present, it has a portfolio of 1.9m square metres of warehouses throughout the major cities of Russia.
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The recent rise in e-commerce has meant many businesses need quality warehousing and distribution spaces to operate from. This is where firms like Raven come in. They buy the space and negotiate lucrative rental agreements with businesses that need such facilities.I am always on the lookout for the best penny shares to buy at cheap prices with upside potential in the long term. I do understand these types of stocks have increased risks, however. As I write, Raven shares are trading for 28p. At this time last year, the shares were also trading for 28p. The […]
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