Blackrock Com Share Discussion Threads

[neilyb675] 17/3/2015 07:41

They will only cut if the likes of shell cut their own divi....something which has not happened since the 2nd world war.

[unastubbs] 17/3/2015 06:19

i think in the current environment to maintain the very high yield would be a result from my point of view - bought c.115 in May 14...

[speedsgh] 16/3/2015 16:36

From Final Results on 2/2 (

"It is the Company's aim to pay dividends amounting to at least 6.00 pence per share for the year ending 30 November 2015.

Your Company has now been operating for nine years. We have seen considerable turbulence and share price volatility over this period. However, in each financial year, the ordinary dividends we have been able to pay to our shareholders have
been ahead of the previous year."

Track record on the dividend is reassuring. Hoping it remains that way. Would be happy for them to just maintain at the current level in the current FY if need be.

[unastubbs] 16/3/2015 15:36

hoping the low gearing and large number of stocks with dollar dividend receipts should mean that the distribution on brci is maintained at current levels. anyone a view on this?

[neilyb675] 16/2/2015 16:45

Commenting on the markets, Olivia Markham and Tom Holl, representing the
Investment Manager noted:

The mining and energy sectors continued to trend lower during January, with
equities relatively resilient compared to energy and mining commodities. Brent
oil and WTI oil prices continued to fall, declining by 12.9% and 10.6%
respectively, both ended the month at US$48/bbl. Henry Hub natural gas also
came under pressure falling by 10.4% over the month and finishing at US$2.68/
mmbtu. Among the industrial commodities the copper price, which had been
relatively resilient, during the fourth quarter of 2014, fell by 13% leading to
the sector's weakness. In light of commodity price moves the portfolio held up
relatively well delivering a total return of -3.8% (with dividends reinvested).
The share price declined by 1%. As at the end of January the Company's shares
were trading at a 4.7% premium to their NAV, with a net dividend yield of 6.8%.

During the month world markets were down as displayed by the -1.8% fall in the
MSCI World Index. The Eurozone was shaken by the news that the anti-austerity
party Syriza will form a coalition government in Greece and intends to reverse
many of the austerity measures currently in place. The European Central Bank
(ECB) announced the much anticipated Quantitative Easing program during the
month which offset some of the more negative economic news to some degree.
Elsewhere, China's manufacturing January PMI came in below 50, for the first
time since September 2012, whilst Janet Yellen adopted, once again, a more
dovish tone regarding the timing of a rate rise in the US. Overall, this was a
positive back-drop for gold as investors sought safe haven assets. The gold
price rose by 8.4% and the FTSE Gold Mines index by 20.5%.

Soft economic data reports from China put further pressure on the bulk
commodities during the month with iron ore down by 13.3%. The market is now
waiting until after the Chinese New Year for a better understanding of the
strength of commodity demand in 2015. During 2014 portfolio exposure to iron
ore was reduced meaningfully, given concerns over the pace of supply growth and
weakening steel demand in China. Following the 13% fall in copper, the
overweight portfolio position in copper was one of the key detractors to
performance.

We view the upcoming reporting season as a crucial moment for the sector. Our
expectation is that companies will look to further cut capital expenditure in
order to protect and grow dividends. In our view, if the major companies are
able to maintain dividends then the significant yield premium at which both
sectors currently trade, relative to the market, implies that there is downside
support for current share prices.

[neilyb675] 16/2/2015 09:59

For the record I approved all AGM resolutions. Sent them off in the post yesterday.

[aleman] 12/2/2015 10:06

Yield-hunters may be interested in CLIG's updated forecasts which were published after yesterday's interims:

[neilyb675] 12/2/2015 09:44

A ceasefire will begin in eastern Ukraine on 15 February, the leaders of Russia and Ukraine have announced.

"We have managed to agree on the main issues," Russia's Vladimir Putin said after marathon talks with Ukraine's Petro Poroshenko, as well the leaders of France and Germany.

French President Francois Hollande said it was a "serious deal" but not everything had been agreed.

Thousands of people have been killed in the fighting in the east of Ukraine.

The meeting in Belarus - which began on Wednesday - was focused on securing a ceasefire, withdrawal of heavy weapons and creating a demilitarised zone in Eastern Ukraine.

[aleman] 02/2/2015 12:50

Cheers, Skinny.

6.2p revenue per share versus 6.0p dividend. Revenue reserve equates to around 3.4p per share.

[skinny] 20/1/2015 16:03

The Company announces that today it issued 700,000 new ordinary shares of 1p
each for cash, at a price of 88.00 pence per share, a premium to the Company's
net asset value, under its ordinary share blocklisting facility. The new
ordinary shares will rank pari passu with the existing ordinary shares and
dealings are expected to commence on 22 January 2015.

Following this issue of shares, the number of ordinary shares that the Company
has in issue is 105,858,000. The total number of voting rights of the Company
is 105,858,000 and this figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the Company, under
the Disclosure and Transparency Rules.

[neilyb675] 20/1/2015 14:33

increased Rio Tinto holding..."given the company's recent positive comments
confirming a materially higher cash return for shareholders during 2015."

[skinny] 20/1/2015 13:19

I've bought a few here this morning - I've been watching for a while and obviously wish I'd bought last week - still a reasonable proposition.

[speedsgh] 20/1/2015 13:13

Portfolio Update -

"The portfolio is currently trading at a net dividend yield of 6.7%, one of the highest levels since inception. However, given recent commodity price falls, we would expect certain companies to reassess the quantum of their dividends for 2015. We continue to expect the major integrated oil producers and diversified miners to be able to maintain marginal increases in their 2015 dividend payments."

Softening investors up for a possible review of the dividend paid out?

[eeza] 14/1/2015 10:06

Panic already setting in in the UK oilers.

[montyhedge] 14/1/2015 09:54

The oil debt market is about to have massive defaults, I think it be will be equilent to the dot com bubble, brown stuff will hit the fan next couple of months.

[neilyb675] 24/12/2014 08:12

last day before the ex div.........

[neilyb675] 12/12/2014 18:17

Shell have not cut their divi since the 2nd world war......was told this today.

[badtime] 12/12/2014 17:49

Decided to buy a few at the bottom today.....we shall see

[rambutan2] 12/12/2014 17:36

Remember, it has to pay out 85% of earned inc over its financial year, so no matter what forebodings the board may have about future income stream, if they don't see immediate cuts then they will pay out.

The probs are going to be if commod prices stay where they are will the port cos still be paying out so much in 12mths time?

[aleman] 12/12/2014 15:46

Surprisingly, that is a marginal increase in the final dividend to give 9.0p for the year.Had you bought at 83.74p earlier today, that would be a yield of 7.2%.

The Board of BlackRock Commodities Income Investment Trust plc is pleased to
announce that the fourth quarterly interim dividend in respect of the financial
year ended 30 November 2014 of 1.5375 pence per ordinary share has been declared by
the Directors, payable on 23 January 2015 to holders of ordinary shares on the register
at the close of business on 30 December 2014 (ex dividend date is 29 December 2014).