Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock Income Strategies Trust LSE:BIST London Ordinary Share GB0001297562 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 111.25p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.3 20.7 7.6 14.7 299.14

Blackrock Income Strategies Trus Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
22/2/2017
17:27
And if that doesn't work, try ADIG
pherrom
16/2/2017
18:21
New ticker is AGID
fabius1
10/2/2017
08:19
Sold out of my remaining few BIST - NAV's been fine, and it's nearer to the Aberdeen reconstruction, but have had a divi and now marginally up, so moving on. No particular keeness for the newco. Good luck holders.
spectoacc
12/1/2017
09:30
FTSE - multiple highs. BIST - bleugh.
spectoacc
16/12/2016
19:41
We will email you when we have news on them. Aberdeen: how we will revive BlackRock Income Aberdeen fund managers Mike Brooks and Tony Foster discuss their plans to turn round BlackRock Income Strategies Trust (BIST). Comment Email a friend by Gavin Lumsden on Dec 16, 2016 at 08:53 Download BlackRock Income Strategies Trust (BIST ), formerly known as British Assets, has endured a turbulent few years and poor long-term performance. Last month its board sacked BlackRock after 20 months in charge and appointed Aberdeen Asset Management to run the £280 million global portfolio, which it intends to merge with the Aberdeen UK Tracker Trust (AUKT ) and rename Aberdeen Diversified Income and Growth (ADIGT). In this video interview fund managers Mike Brooks and Tony Foster talk about the future investment policy for the investment trust and how it will compare with their Aberdeen Diversified Growth fund. Can't watch now? Read the transcript Interview over at citywire.
contrarian joe
12/12/2016
16:04
But the share price will go nowhere until Aberdeen have taken over the reigns and we see where they want to invest what is left out of the tracker trust. Sitting on my sell finger for the time being.
getscenic
12/12/2016
15:45
To give a bit of credit here NAV has gone up to 121.27p. How did that happen!
orinocor
05/12/2016
17:45
NAV trying its best to get below 118p now.
orinocor
30/11/2016
14:49
If it is any comfort, Numis hold the new Aberdeen team in high regard. This isn't the result I was hoping for, but at least Black Rock got sacked.
tiltonboy
30/11/2016
14:33
Come to think of it - which NAV are they taking the 4% discount from for the cash return? I always use "..Debt at fair value, including income" but I note they're keeping the debt going within the next trust. Fair old difference (c.7p) for the calculation.
spectoacc
30/11/2016
11:29
Poor choice Aberdeen, doesn't inspire confidence that they have kept the same over complicated strategy & given it to a fund who specializes in Emerging markets.On the plus side was expecting a 30% divi cut.
contrarian joe
30/11/2016
10:06
Agreed - the claims being made sound very like the claims BIST were making. Why not just give it over to a proven manager running a trust trading at par. Merger with AUKT seems unnecessarily complex. On the plus side - goodbye Blackrock! You won't be missed.
spectoacc
30/11/2016
10:00
The problem is we are now 18 months from the first incarmation, will we be in the same position in another 18 months when Aberdeen have not cut the mustard, surely this upheaval is destroying capital. The fees and portfolio changes will surely dent qtr 1,2 and 3 in 2017. I think I have learnt a lesson from this. Buy I.T's that are expert in thier fields and have a good spread of I.T's covering different income sources, and manage my own portfolio of I.T's rather than trusting it to one company. Lets hope that LSLI don't bale out to one of these boutique outfits!
getscenic
30/11/2016
09:39
Funniest part of the RNS: "Prior to the strategic review, the Board had been implementing a nil discount control policy through share buybacks at a discount to NAV. In the year ended 30 September 2016 the Company purchased 7.6 million shares pursuant to this policy. " Nil discount policy hasn't been too successful!
spectoacc
30/11/2016
09:17
That assessment is being very kind imv, can think of far more choice words!.
essentialinvestor
30/11/2016
09:16
Yes good point, I misread - it'll be nearer 5% discount after costs I bet, so at c.95% of NAV. Can't say dividend cut is any surprise, but the sort of claims they're making don't inspire confidence: "the Board will also adopt a new investment policy, which targets a truly diversified multi-asset approach to generating highly attractive long-term income and capital returns." Marketing and PR bumpf.
spectoacc
30/11/2016
09:09
40% cash exit is not for BIST shareholder. Its for the Aberdeen shareholders. BIST shareholders are offered a 20% tender at 4% discount to NAV. I'd have bought at 105p but I don't see any point. They are slashing the dividend by 20% so I'd expect this new trust to trade at a healthy discount to NAV,
gbill11
30/11/2016
08:04
RNS - better than I expected - what swings it is the 40% cash exit option at about 97% of NAV. [Edit - actually 20% exit at 96% NAV before costs] Would have preferred them to partner with a zero-discount or even premium Trust, but at least Blackrock will be out the door. The "LIBOR +5.5% target" seems a bit of a laugh though - pick a number! And wonder what the existing manager will do between now and then - presumably not buy into any more "renewables"?
spectoacc
29/11/2016
17:11
Agreed, and at a time when the future of renewabales is under a cloud under Trump
getscenic
29/11/2016
16:35
Only just caught up with Monday's RNS, inc: "We have elected to reduce some of our UK credit holdings and have begun adding to alternative investments related to renewable energy. " Yup, happy that they're reducing "UK credit holdings" but renewable energy?? We're meant to be close to a change of manager! How easy will renewable energy holdings, whatever they might be, be to sell? Smells to me like Blackrock will still be manager after this very long and no doubt "thorough" review.
spectoacc
12/11/2016
11:48
The big seller is now out of the way, Brown shipley now out. Might help the share price but nav sinking daily is depressing. I have to say my passive funds have trounced some of my managed funds this year. Whoever takes this on and if they change the mandate will need time to sort this mess out, looks like another year of so so performance
getscenic
11/11/2016
21:44
Id'e of thought all those bond holdings would be returning more income due to the bond sell off,the downside is the capital loss on buying near or at the peak of the bond bubble as you have pointed out SpectoAcc.Personaly can't see yields rising much further,there seems to me some real value emerging in the bond/proxy type stocks.
contrarian joe
11/11/2016
12:04
NAV hasn't though - still slowly falling.
spectoacc
10/11/2016
11:35
Can tell the world as we know it is ending - BIST has ticked up.
spectoacc
10/11/2016
09:42
Be interesting to see "market rally" NAV, today & tomorrow..
spectoacc
Chat Pages: 4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:35 V: D:20170326 22:57:47