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BRNE Blackrock New A

43.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Blackrock New A Investors - BRNE

Blackrock New A Investors - BRNE

Share Name Share Symbol Market Stock Type
Blackrock New A BRNE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 43.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
43.50
more quote information »

Top Investor Posts

Top Posts
Posted at 06/11/2010 12:40 by hoggetwood
R0ck: No criticism at all; just an observation. I sold out of BRNE at 46p many months ago, when it looked as if it wasn't recovering well from the sub-prime- triggered global crash. The decision seems to have been vindicated. However, as you imply, now might be a good time to re-enter the sector. But I'm far from convinced that BRNE would be the right vehicle.

[I take your point about discount, but discount is not much use unless one can sell at a smaller discount. In other words, to be useful to the investor, the discount need to get less during the time the investor is holding the IT. I see no signs that this is going to happen with BRNE in the next year or so, because I think a longish period of rising nav will be needed before investor sentiment turns positive again for this share. I'd like to be proved wrong.]
Posted at 06/1/2010 14:46 by washbrook
FOR GUIDANCE


-------------------------------------------------------------------

BlackRock New Energy Investment Trust plc

Subscription Share Conversion of shares held in Certificated form

Shareholders wishing to convert their BlackRock New Energy Investment Trust
Subscription Shares, who hold their shares in Certificated form, should refer
to the instructions on the reverse of their Subscription Share Certificate(s).
Shareholders must lodge the relevant Subscription Share certificate(s) at the
office of Computershare Priority Applications, Corporate Actions, Bristol BS99
6AJ during the period of 28 days ending at 5.00 pm on the relevant Subscription
Date (1 February 2010, being the next following business day after 31 January
2010), having completed the notice of exercise, and a remittance for the
aggregate Subscription Price for the Ordinary Shares in respect of which the
Subscription Rights are being exercised. Shares will be allotted within ten
business days of the relevant Subscription Date.

Subscription Share Conversion through CREST

Shareholders wishing to convert their BlackRock New Energy Investment Trust
Subscription Shares, who hold their Shares through CREST, should use the
following participation and member account IDs when processing their
applications:

CREST Participant ID = 0RA20
CREST Member Account ID = NEWENERG

The USE (Unmatched Stock Event) instruction should be inputted to settle by 3pm
on the relevant Subscription Date (1 February 2010, being the next following
business day after 31 January 2010), in order to receive the new Ordinary
shares by the tenth business day of the relevant Subscription Date.

Subscription Share Conversion through the BlackRock Stocks & shares ISA or
Share Plan

BlackRock New Energy investors wishing to convert their Subscription Shares
should download the Savings Plan Subscription Shares Conversion Form or Stocks
& Shares ISA Subscription Shares Conversion Form which will shortly be
available from www.blackrock.co.uk/its, complete and return it to the address
given at the top of the form. Forms must be received at least seven business
days before the relevant Subscription Date on which the conversions are
applicable. Shares arising from the conversion will be issued within ten
business days of the relevant Subscription Date.

Market Values

The middle market quotation of the ordinary shares and of the subscription
shares in BlackRock New Energy Investment Trust plc, as derived from the Stock
Exchange Daily Official List, on the first dealing day in each of the six
months before the date of this announcement, including 4 January 2009, which is
also the latest practicable date before the date of this announcement, were:

Ordinary Shares Subscription Shares
3 August 2009 47.50p 7.88p
1 September 2009 44.00p 5.25p
1 October 2009 47.00p 7.25p
2 November 2009 44.00p 6.75p
1 December 2009 44.00p 5.38p
4 January 2009 48.25p 5.63p


Exercise dates

The subscription share rights conferred by the Subscription Shares will be
exercisable on each of 31 January, 30 April, 31 July and 31 October between 31
October 2009 and 31 July 2014 (both dates inclusive).

Exercise prices

31 January 2010 to 31 July 2010 46 pence per share

1 August 2010 to 31 July 2012 50 pence per share

1 August 2012 to 31 July 2014 59 pence per share


Contact:
Mrs A B Powley
Company Secretary
BlackRock Investment Management (UK) Limited

Date: 5 January 2010



END
Posted at 21/4/2009 08:07 by kinbasket
Proposal for Sub shares looks interesting. Discount today is difficult to calculate as last nights falls will have an effect but we must still be at about 15%.

I might add a few more to give me more Sub shares. At these levels it's still very much an accumulation game. Whether the price today is 30p or 40p it won't make too much difference in three to five years time.

It might be worth overweighting the ordinaries prior to the issue and letting some of them go afterwards. Keeping a larger holding of subscription shares. A usefull tactic for the smaller private investor.
Posted at 27/3/2009 08:23 by kinbasket
It depends on your timescale. Direct correlation is great for the short term. I can buy here today for a 20% discount. I am buying a lot of the same companies as INRG but for 20% less. I'm also getting fund management in the deal. Over an extended period I expect the discount to close and possibly even become a premium as the sector hots up over the next few years. There is effective gearing in buying ITs at a discount.

For a trader INRG mkaes more sense. For a long term sector investor BRNE is the better choice IMHO.
Posted at 14/10/2008 14:23 by watwungyi
everyone wants to buy at the lowest. but it's just impossible. so when this's gone so low like we saw recently, just top it up. for me this is a sort of 20-30 year investment. i set up a monthly saving plan with blackrock and top up whenever the market lows. my wife also has a pension with uss which is the largest investor here. i'm not concerned or worried about short term noises. they even creat opportunities. oil is going back to 150+ level soon. no one wants to sell oil at this price where dollar is increasingly useless. so bright future for alt energy.
Posted at 20/8/2008 21:14 by praipus
bubble mode will happen you need to checkyour charts ;-) and read this.....

fromthe ECO BB thread

greenisgood - 20 Aug'08 - 19:29 - 128 of 129


For those unfamiliar with the significance of the recently announced EU CITL link-up to the UN system for ECO the following article from poweralternatives.com should explain:

"August 20, 2008
Carbon Trading: The EU And The UN Finally Get Their Ducks In A Row

By Ivor Watt

It may not have been widely heralded, but earlier this month it was announced that testing to establish communication between the UN and the European Union carbon registries had been successfully completed. Unheralded, yes, but for the EU's carbon trading system, and also for several UK-listed companies, vitally important.

Although the EU Emissions Trading System (ETS) is the most - indeed the only - established mandatory cap and trade system for carbon emissions in the world, it has been under threat of stalling of late, due to the lack of communication with the UN International Transaction Log. This disconnect was threatening to unhinge the relationship between polluters in the developed world and the creators of carbon credits in the developing world.

But the latest moves mean that carbon emissions reduction certificates created in the developing world under UN initiatives can now be transferred into the EU system, freeing up what was threatening to become a debilitating bottleneck in the system. The official launch of communication between the two systems hasn't happened yet but should do so before the end of the year.

The final confirmation of the two systems' ability to communicate removes one of the last major uncertainties in the EU's carbon trading system and should now allow member states to issue their national allocation plans for domestic industries, which determine how much carbon companies are allowed to emit. Some countries had been using the lack of communication as a reason to withhold their allocation plans, adding to the uncertainty about the system.

Confirmation of communication between the registries is of great significance to several companies that specialise in aggregating portfolios of carbon credits in the developing world, where they are issued under the auspices of the UN's Clean Development Mechanism, and then selling them into the EU system to companies who are overshooting their emissions targets. These carbon trading companies were facing up to a potential cash flow problem in that credits they had forward sold, or promised, to clients were stuck in the system and unavailable for physically delivery. As a result their payment for said credits was also held up.

But now Camco International, EcoSecurities and Trading Emissions can all continue to build their portfolios in the confidence that the credits produced can be sold into the EU system. Investors who have seen the value of their investments in these companies slide in the past year due to uncertainties in the system should begin to see the share prices in these companies recover, as they recover the ability to prove the value inherent in their portfolios. All three companies have seen their share prices suffer as investors have switched to more established sectors. In the meantime, sentiment toward carbon credit portfolio aggregators has not been helped by the demise of one-time rival AgCert, nor by a profit warning from EcoSecurities issued last year.

Another company which has been unaffected by such tribulations, but which will also welcome the news of the removal of further uncertainty from the EU ETS system is Climate Exchange. Climate Exchange has been one of the biggest successes on London's Alternative Investment Market (Aim) over the past year, as it has enjoyed being perceived as a proxy for the growth of the carbon trading market itself, through its operation of the European Climate Exchange, the dominant clearing platform for carbon trades in the EU. With volumes rising incessantly and Climate Exchange seemingly maintaining its market share, the the removal of further uncertainty can only help its cause.

As the carbon market continues to mature, and the communication between the two registries aids this, the participants who have struggled to establish themselves over the past few years may finally begin to see the fruits of their labours realised
Posted at 08/7/2008 14:03 by gsands
Crikey! It's another world to me.

It's a good point though, that when the yield of the FTSE all share is higher than gilt interest, then the market might be ready to buy again.

However, for many investors, interest payable in a bog standard savings account is also of relevance.

I looked at your thread on bonds and I was interested to see that interest is paid daily. This must bump up the AER so comparisons become even more tricky.
Posted at 08/7/2008 13:59 by praipus
GRY Gross Redemption Yield.

I've copied this from selftrades website.

Yields
The yield of a gilt is important. Our gilt list shows these figures. However, the formulas are reproduced below to demonstrate their respective importance.

Because the price moves with supply and demand, the flat yield will alter. The flat yield can be calculated as follows:

gross coupon

price
x 100 = flat yield


Gilts trade at different coupons and prices. In order that investors can compare the relative attractiveness of different gilts, combining coupon and price, the gross redemption yield is used. This is calculated as follows:

[ gross coupon

price
+ (par-price)\years to repayment

price
] x 100


Gilts do not attract capital gains tax. However the yield is subject to income tax. Because investors pay tax at different rates, the relative attractiveness will depend on the amount of tax they must pay. A higher rate tax payer, for instance will be more inclined toward return from capital than income. A further calculation determines the net redemption yield:

[ { gross coupon

price
x (1-marginal tax) } + (par-price)\years to repayment

price
] x 100
Posted at 01/5/2008 10:30 by hoggetwood
Thanks for all your very useful postings. I'm not going to worry about short-term fluctuations, but then my holding is already in an ISA. The premium to NAV says a lot about investor sentiment for this sector, doesn't it? Like Zutalors (on the old MNE board), I'd like to see a bit more solar in the BRNE portfolio, but have some confidence in the decision-making of the BRNE team.

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