Blackrock World Mining Share Discussion Threads

[aleman] 01/3/2016 11:55

BRWM starting to catch up with the mining index a bit?


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[aleman] 01/3/2016 11:49

Base metals look to be building up a head of steam - and I mean over months, not just today:

[dlku] 01/3/2016 07:27

It's $37 at present, looking good to have a go at $40 in March.

[danieldruff2] 29/2/2016 19:17

Statements from BHP suggest they are only optimistic - medium term - on oil and copper

[racg] 29/2/2016 18:51

Impressed they held the final. Yes, well worded.

[neilyb675] 29/2/2016 18:46

14p div for the moment......21p for the year. I reckon 12p for next year sounds about right.

[aleman] 29/2/2016 18:42

Clear as mud but not their fault. Who knows how far the miners will cut their dividends in aggregate at this stage? It's nice to see that the buffers on the dividend highlighted - bond income, options income and royalty income - amounting to over 50% of the announced full-year dividend. Those suggesting the dividend might go to zero look to be well off the mark. I think the last time I suggested a possible number, I went for a range of 12-15p. Dividend cuts have been sharper than I thought but the buffer is bigger than I thought. Nobody can know what the dividend will be but I can say I'll be disappointed at less than 12p as things stand. Could the mining sector suffer any more damage and hurt the payout prospects further? Not likely based on average forecasts for metals prices, I'd say, but the realistic answer has to be yes. Could metals prices surprise the markets to the upside. Again, it's possible but I'd only guess at modest recovery, thanks to recent supply cuts, until the global economy stops weakening. At least it will be an interesting year ahead.

[scottishfield] 29/2/2016 17:40

RNS after the bell, well worded I thought.

[racg] 29/2/2016 14:11

Be very interesting to see how much income they hold back and how deep the cut will be. I guess 75% cut would be worst case, what does everyone else think?

[yupawiese2010] 29/2/2016 13:52

Ex div date yet to be confirmed.

Went ex div on the 26th of March last year.

[tonsil] 29/2/2016 13:25

Up upWhen is this ex Div?

[dlku] 26/2/2016 13:04

Bowl to 300p

[aleman] 25/2/2016 15:51

Diecount expanded again to 21.4% at yesterday's close.

[scottishfield] 25/2/2016 14:38

Thank you.

[racg] 25/2/2016 14:32

We will know at the final, how much they ll cut by, but no one knows at the moment. Historic, is shade over 10%.12p odd on books at this time.

[aleman] 25/2/2016 14:31

Nobody knows. There should be a 14p final to make 21p this year but miners are slashing dividends all over the place so the dividend should fall significantly next time

[scottishfield] 25/2/2016 12:27

What's the current yield here please? anyone

[aleman] 24/2/2016 17:57

Discount to NAV at yesterday's close was 18.5% - highest for a long time, I think.

[aleman] 23/2/2016 09:53

Aluminimum and Zinc trying to push their on to 7-month highs from 4 months or so. Other metals still in flatter trends. They seem to be more doing their own thing rather than slavishly following the dollar rate and constantly falling they did at the back end of last year. Just pointing out that some seem to be going up but it is not a general trend for all base metals.

I'd suggest the big bounce from an oversold position in miners' shares might be over and gains from here might be harder to win. Just a gut feeling. It would also coincide with many shares coming close to 200-day averages, which will tend to increase downwards pressure from technical selling. I fancy we will need better news coming out of miners to get through 200-day averages.

[opodio] 23/2/2016 08:59

===== =====
Ten Largest Investments

Company % Total
Assets
BHP Billiton 10.8
Rio Tinto 9.7
Lundin Mining 5.2
First Quantum Minerals 5.2
Norilsk Nickel 5.1
Fresnillo 5.0
Cerro Verde 4.0
Glencore 4.0
Rangold Resources 3.2
Banro Barbados 2.9

[dlku] 22/2/2016 23:58

Thats a massive 21p dividend

[dlku] 22/2/2016 23:58

Thats a massive 21p dividend

[racg] 22/2/2016 21:03

Wish the discount would close, quite stubborn.