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Blackrock Com Share Discussion Threads
Showing 501 to 525 of 525 messages
|84.92 excludes inc|
|Looking out for today's NAV & a possible (recent) high - thought yesterday's might have done it.|
|We tend to concentrate on oil but colder American weather has taken gas from $2.50 to $3.40, which I think is a 2-year high. Oil has edged over $55.
|Oil $54.24. FTSE Oil and Gas Index closed up 2.5%.|
|3p jump in NAV yesterday from oil/energy companies. Unfortunately, it only reversed the losses of the previous few days from miners.|
|FTSE Oil and Gas Index up another 2.2% this morning.
|Oil up more overnight to $52.50.|
|£ reversed and is now marginally up against the $ but oil has risen further, to $51.50, taking FTSE's oil and gas index to +4.1% on the day.|
|NAV should be benefitting from today's oil move - good job, as yesterday's was 80.7p, commod stocks down, & MMs got it at 81/85p.
(@Celeritas - you had me until "..Trading 12p over NAV"!).|
|Oil just jumped back over $50 as the £ fell a bit against the $.|
|I'd say it was a good balance.
I also like the 2 you mention.
Have a look at sqn, not the same sector but great yield paid monthly, trading 12p over NAV.|
|Nice yield, nice commod play, but far too big into oil - personally I prefer BRWM & CYN (though CYN's a specialist beast).
Point taken on RSPs but trades through today at both 81p and 84p. Refuse to buy back in here until I can get it once again at a discount.|
|Real spread is 82.25 to 83.5
If Trump runs through with his plan I expect commodities to run way higher in 2017, plus a nice near 5% divi here is always nice.|
|83p NAV but today's $ off the oil price won't be helping.
Crafty MMs take sells below NAV and buys above NAV - they can't lose.|
|79.26p NAV at close on Fri - BRCI suffering for oils exposure vs miners/metals.|
|82.3p NAV at close yesterday, fwiw. MMs killing it with the spread once again.|
|Indeed; if I'd bought back, I'd now be selling again. Perhaps all bets are off thanks to President Trump, but I'm finding the market reaction very weird - ANTO was up 20% earlier.|
|84 on the bid again|
|NAV for yesterday will be interesting - someone paid 84.74p for 20,000 shares this morning but I can't see NAV having gone up that much, unless the breakdown of holdings has changed from my post above. BRWM seems the winner in NAV terms, RIO/BLT going great guns. BRCI really needs to oils to react to Trump, though they do hold RIO/BLT in smaller amounts.|
|Coming back now though|
|Shouldn't be down today. Even with the oil weighting, commods are going great guns.|
|Base metal prices perky after rising steadily for a year.
|Holdings, out of interest:
BRCI (0.95% AMC; 1.44% TER)
=c.26% of fund
BRWM (0.8% AMC; 1.21% TER)
=c.35% of fund
CYN (1.2% AMR; 1.74% TER)
=c.25% of fund
Not a great deal to learn from that - the high Gilts weighting in CYN is to cover the CULS (to prevent gearing getting too high). Otherwise, fairly clear the oil weighting on BRCI vs the miners/metals weighting to BRWM, which is also the most concentrated (CYN the most diverse). A simplistic analysis when there's also costs, historic discounts, option-writing, gearing, nature of debt to consider.|
|Big fan of CYN - will be interesting when the CULS get repaid (CYNC).
BRWM been a big yielder whilst I've been in it - though the next Final may not hold.
Main difference I always saw was that BRCI made greater use of option-writing, and that boosted its yield. The recent divi cut might put a hole in that analysis. Also tends to hold more smaller co's and more oil stocks; BRWM heavily overweight BLT & RIO and a bit more pure-play miners.
But the two have enough holdings in the same things to make me quicker to sell BRCI than BRWM.|
|I have both too carterit, and CYN too, which I like.|