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Blackrock Com Share Discussion Threads
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|Commodities are the place to be, especially if inflation accelerates. BRCI is as good as any to be in, well weighted, and with the miners possibly increasing their dividends from next year. Not many places to hide within an inflationary context, they also have gold miners which is an insurance policy so to speak.|
|SpectoAcc,I believe you will be moaning.BRCI will achieve a £1 again IMHO|
|Sold at 84p. Been a great ride, & hope to buy back in some day.
Why out now?
1. Can't go bust taking a profit
2. Divi cut (though still very good)
3. Fear of £ mean-reversion (Sterling could as easily lose 10% more as bounce 10% of course)
4. Trading above NAV (BRCI rarely trades at much of a discount, but even with today's rises in miners, it's above NAV)
5. Already own BRWM, which trades at a discount
6. BRCI's holdings - they share many with BRWM (BLT, RIO, FQM, GLEN..) but BRCI adds the oil majors. Including Exxon, oils are the biggest holding (c.22%). I've no idea where the oil price is going but eg Shell is paying out way more in divis than it earns in income (funded via asset sales & reserves). My point is - oil needs to go up just for Shell's divi to be justified, and a few more years down here or lower could induce an historic cut.
Good luck holders - intend to stay off this thread to avoid any temptation to deramp ;) (Unless it rapidly rises to a quid, when I'll be on here to moan).|
|Lol thanks - so I'm wrong again! 4p pa it is.|
|SpectoAcc - Note that they will have paid 5.0p in the current FY but based on 1.0p quarterly payments going forward (which 'may grow as market conditions allow'), the forecast full yr div for the year ending Nov 2017 is 4.0p giving yield of c5% at the current price.|
|Thanks for that - not as big a cut as I'd thought.|
|from Dividend Declaration rns in March...
Since the publication of our Annual Report the sector has experienced further challenges as falling commodity prices have forced many companies to reduce or cancel their dividend payments, most notably ConocoPhillips and BHP Billiton cutting their dividends by 66% and 75%, respectively. In light of this the Board has revised its 2016 dividend target. It now intends to target a second quarterly interim dividend of 1.5 pence, followed by third and fourth quarterly interim dividend payments of 1 pence, making a total of 5 pence per ordinary share for the year as a whole. The Board intends to use revenue reserves to support this target if portfolio income alone is insufficient. Thereafter, the Board's intention is to maintain the quarterly dividend and grow this as market conditions allow.|
|Thanks @Garycook, I didn't read back far enough. Divi before this was 1.5p, & Factsheet still claims an 8% yield. Perfectly sensible though - 5% pa has a more sustainable feel to it than 8%, would rather they paid out of income than capital (though I know they're hot on option-writing too). Interestingly, with many of the oilers paying in $, the 20% drop in the £ has effectively raised their divis 20% (though Shell needs the oil price to recover or there'll be a "shock of the century" divi cut).|
|It was declared by BRCI around 6 months ago maybe longer,that the Quarterly dividends were being reduced to 1.0p,because of the reduction,s in dividend of BLT,RIO,and some other oiler,s,in the portfolio.|
|How come only 1p/share divi last time? They've always paid around 1.5p each qtr, even if in past it was 3 qtrs. a bit below, final qtr above.
Seen nothing to suggest they're not still planning to pay out c.6p p.a. for c.8% yield, but also found no explanation why latest qtr "only" 1p.|
|Interesting that whilst 20% of holdings are in the UK, they're seemingly all beneficiaries of weak Sterling - RDSB (largest holding at 6%), RIO, BLT, BP.|
|NAV up to 80.81p yesterday. £ down again today. $1.225.|
|Oil still going up. $53.54. £ still going down. $1.235.|
|Happy to carry on holding|
|So what has oil done since it broke up out of that triangulation?
free stock charts from uk.advfn.com|
|Gold exposure is about 13% last time I looked,
not the right positioning atm, just IMV.|
|BRCI,Should have purchased some HGM,if Gold is invested in BRCI !!!|
|What about gold, it now appears to be a large exposure.
That may be dragging on the NAV imv.
|It will be nice when the BRCI SP,gets back to a £1.Aleman thank you for the Oil graph,s and BRCI notification,s.I believe Oil will recover further,and with it BRCI,s share price BRCI now yielding 5.35%,which is good,considering the dividend situation with the Oiler,s,and BLT,and RIO.|
|Seem to be at a modest discount to NAV here, now, after a modest premium for a few months. Normality returned, I suppose.|
|Oil looks to be breaking upwards out of a triangulation. Should be good fo $60+?
free stock charts from uk.advfn.com|