Blackrock Com Share Discussion Threads

[aleman] 28/6/2016 15:55

NAV up about 1% yesterday as the market fell hard, taking it to 67.73p. The £ is up slightly today so it might have fallen a touch since.

[aleman] 28/6/2016 01:06

NAV here has probably risen quite a bit over the two days since Brexit. It is interesting to think that the dividend might also rise for the same currency translation reason, or at least be protected more than UK dividends in other sectors. Granted, we don't know what the knock-on affects of Brexit will be globally, but it's nice to think we might have a bit of a buffer due to the £ falling.

[aleman] 27/6/2016 16:39

For anyone reading later, NAV rose 4.8% on the day the market tanked with the Brexit vote.

[llef] 27/6/2016 16:29

NAV is 67p - probably more tommorow as pound down 3% vs dollar

[aleman] 27/6/2016 11:13

Oils and Miners FTSE350 indices both up 1.3% so far so BRCI is falling even further behind NAV.

[mozy123] 26/6/2016 15:16

USD/GBP rate

[garycook] 24/6/2016 03:14

Why is BRCI underperforming the market,when most of the Oil company,s in the Portfolio are outperforming the market eg RDSB,and also under NAV of around 64,when in the past BRCI was trading above NAV ?

[aleman] 23/6/2016 12:18

Saudi Arabia's new oil minister has signaled an end to the worst of the oil glut and indicated the OPEC kingpin is preparing to reassert a degree of control over the market after two years of letting prices fall.190186-saudi-energy-minister-oil-glut-vanished

[speedsgh] 15/6/2016 12:38

For those that may not already be aware, bear in mind that, following the 1.5p payment in July, the dividend is being reduced to 1.0p quarterly as per their March rns (see below). So they will then be paying 4.0p per annum until they feel able to start growing it again.

Dividend Declaration (14/3/16) -

"...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."

[aleman] 15/6/2016 11:10

BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC

ANNOUNCEMENT OF SECOND QUARTERLY INTERIM DIVIDEND

14 June 2016

The Board of BlackRock Commodities Income Investment Trust plc is pleased to
announce the second quarterly interim dividend in respect of the financial year
ending 30 November 2016. A dividend of 1.5 pence per ordinary share has been
declared by the Directors, payable on 22 July 2016 to holders of ordinary
shares on the register at the close of business on 24 June 2016 (ex-dividend
date is 23 June 2016).

The last date for receipt of mandate instructions for those shareholders who
wish to join the Dividend Reinvestment Plan is 1 July 2016.

Enquiries:

Sarah Beynsberger
BlackRock Investment Management (UK) Limited, Secretary
Telephone: [phone]

[plasybryn] 15/6/2016 09:27

According to H.L. this morning, the ex dividend date is 23rd June.
Pay date is 22nd July.
1.5p per share.
Had me some more on the pull back!

[essentialinvestor] 22/5/2016 13:52

If 4 pence on he annual payout is the cycle low that is a result imv,
still a big if- the mining sector may be poised for another lurch lower
so it will be interesting to see how that might impact NAV.

[aleman] 17/5/2016 14:03

Oil hit 6-month highs on consecutive days so far this week. $49.45 earlier today. Tought we might see more action here.

[rrr] 29/4/2016 11:18

Thanks Aleman, rrr

[aleman] 29/4/2016 10:57

I've had a warning letter from BlackRock, warning that there is a cloned firm boiler room operation, quoting their london address and calling itself BlackRock Commodities, and trying to sell shares, property, wine and carbon credits in a cold-calling operation. I thought I'd warn everyone, bearing in mind some investors in nominee accounts might not get the warning letter.

[scottishfield] 28/4/2016 08:36

tks for the thread gateside

[hugepants] 21/4/2016 15:38

New City energy (NCE) is another oil and gas focussed investment trust probably worth a look. Its very small but has a broad range of investments and trades at a 30% discount to NAV. The portfolio is 85% listed global equities/bonds. They have recently halved the dividend to something more sustainable but its still yielding 9% at the current buy price of 11p (that's below the quoted mid-price).
More info at

[aleman] 14/4/2016 09:54

I think it is and it will - but not until after the election. Investment bloggers are saying it is around 30-50% overvalued. On GAAP earnings, the P/E is around 23. Private investors and funds are selling out. The big buyers are the companies themselves - buybacks using cheap debt. This has been a sell signal going back for several recessions but it does not suit the political agenda. There is so much spin going on that it is funny.


Profit warning that earnings might fall 15% but shares hardly budge?



Wishful thinking?



Spin? Changing a model does not change the bad results and guidance. Positive GDP is not consistent with falling total business sales and total stocks int he government numbers I posted yesterday.



We just had bad consumer retail sales numbers, with Mall sales down 6% and falling March sales leading to -0.1% Q on Q. Why should Good Chinese imports drive up US retailers sharply? The recovering gasoline price and recent spate of job losses is taking $s out of consumers pockets which could make April even weaker.



Bad quarter priced in? JPM shares trade at the same price as 12 months ago. That says they are just ignoring bad news to me. They are worse placed now than they were as low interest rates squeeze margins and default rates are rising.



ETFs still seeing outflows in March, when when investors were supposedly buying again on more optimism. This unexpectedly bad news saw the shares rise 8%+. Bad news is good news if its not awful news.



Everything is being spun as good news but I have not seen any good numbers for months. It's just good if its not awful. And have you noticed how US shares and bonds have risen together recently? Odd. Somebody trying to generate a feel-good factor when there is actually no numbers coming from the private sector to feel good about and the US government debt and deficit seem to be deteriorating again. It smells fishy. Remember I said the commodities falls before Christmas smelled fishy and look what happened there. I think we'll get lots of good government news and PMI surveys etc for 6 months which will get revised down later. I'll be amazed if we get good corporate news from the US now they seem to have started cutting stocks. Better news from China and Emerging markets suggests the global outlook might hold up even if the US is a bit poorly. I do still worry about a black swan in debt markets. Total debt is rising but so are defaults.

[lord gnome] 14/4/2016 08:37

In which case Aleman, I would judge that the US stock market is way overvalued and due a big fall. Despite the fact that our market is not so expensive, a fall on Wall Street would also hit our markets. No matter how well China is doing, it can't prop up western stock markets forever.

[aleman] 01/4/2016 16:56

US oil imports increasing again as domestic production falls.

[mister md] 17/3/2016 11:51

gc - yes thats what I had calculated too