svn fails to expand URL

The case is 100% reproduceable.
This is with r2927:
[627]srv1.cosmo-project.de> cat test/testfile
test
test
$URL: http://www2.cicely.de/svn/users/ticso/test/testfile $
test
[628]srv1.cosmo-project.de> rm -rf test
[629]srv1.cosmo-project.de> svn update
A ./test
A ./test/testfile
Updated to revision 29.
[630]srv1.cosmo-project.de> cat test/testfile
test
test
$URL: $
test
[631]srv1.cosmo-project.de> rm test/testfile
[632]srv1.cosmo-project.de> svn update
Restored ./test/testfile
At revision 29.
[633]srv1.cosmo-project.de> cat test/testfile
test
test
$URL: http://www2.cicely.de/svn/users/ticso/test/testfile $
test
[634]srv1.cosmo-project.de> svn propget svn:keywords test/testfile
Author Date Rev URL

Author Date Rev expand without problems.

-- 
B.Walter              COSMO-Project         http://www.cosmo-project.de
ticso@cicely.de         Usergroup           info@cosmo-project.de
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