Blackrock Energy And Res... Share Discussion Threads

[atkijo] 23/4/2024 22:49

The discount to NAV remains at about the 10% mark, which is neither particularly surprising nor concerning. This is a classic cyclical sector. So I like that they have been purchasing their own shares for quite a number of months now which they hold in treasury (currently over 10m or c8% of total in issue).The current discount will almost certainly become a premium again at some point in the future, at which point they will sell the treasury shares - as they did a few years ago (when the share price was last at a premium to NAV). All makes good business sense to me. Hopefully we might also see something of a progressive dividend now as well (fingers crossed!).

[atkijo] 13/12/2023 17:49

Discount to NAV remains well over 10%. The recently announced divi has been nudged up a bit which is always welcome, although a slightly bigger nudge would be even more welcome obviously! Still at least the divi is increasing rather than decreasing, and they have committed to the new (slightly) higher rate into next year.

[2wild] 31/8/2023 21:50

Added yesterday at 113.7p on 11.4% discount to closing NAV OF 128.4p.

Oil and gas shares doing well, with Brent crude holding steady around USD85 Just need the mining stocks to recover from near 6 month lows, to see nav move back towards 140p.

[atkijo] 30/8/2023 22:40

Discount to NAV now well over 10% here. Remain happy to hold.

[2wild] 15/6/2023 13:34

Trading Ex 1.1p 2nd quarterly interim dividend this morning.

[2wild] 14/6/2023 11:52

Added this morning at 1:15p. About 11.5% discount to 130p current NAV.

[2wild] 09/6/2023 00:46

Look good value at 116.8p, 10% discount to 129.5p NAv. A few months ago these were trading at a premium.

[epo001] 12/12/2022 09:44

Any reason for today's drop?

I can only think of fears from yesterday's announcement of the prospect of practical fusion power. But if these fusion power companies are onto anything surely the Saudis would just buy them up with loose change from down the palace sofa.

[4spiel] 29/6/2022 11:17

The increase from 85p in about a year where the yield was decent. Need to be 60p to be anything good! Given the earnings always been surprised the divi on this one has remained ‘meagre’ throughout!

[badtime] 24/6/2022 17:32

Given the retrace bought some at a shade under 106p

[mister md] 24/6/2022 16:17

repurchased what I sold earlier this month - paid 107p

[binghall] 24/6/2022 10:18

It's ironic that I switched into a number of ITs to reduce volatility. Maybe a direct punt in junior miners may be the route to follow.

[tonytyke2] 23/6/2022 09:13

Yep, seems like it's oversold now and it's happened in such a short timescale. NAV 123.6 and share price to buy around 107p. Just bought some.

[gopher] 23/6/2022 09:02

This has taken some big hits recently and again today as discount to NAV rises again to 2021 levels

[mister md] 08/6/2022 09:07

also up 129% on BERI. Funny, I bought for the great dividend yield, which isn't that great anymore, but the +129% compensates for that ... may reduce stake slightly.

[carpingtris] 06/6/2022 16:52

now up over 100% here.. decisions indeed..

[skinny] 06/6/2022 12:03

A new 10+ year high today @149.50p.

Decision time looming.

[frederickbloggs] 27/5/2022 08:40

I am around 60% up on BERI shares in a fairly short yime scale. A good time to take the profits here?

[nimrod22] 26/3/2022 11:19

from todays newspaper.
"China’s Worsening Virus Threatens Commodities Supply and Demand"
"Widespread outages at metals processors, for example, could further lift markets that have already hit record highs in recent weeks because of the war in Ukraine".
"There’s also a flow-on risk for other commodities markets. Coal is China’s mainstay fuel and a key determinant of metals prices, which will only strengthen if the cost of production rises because of scarcity of the fuel".

[marktime1231] 07/3/2022 18:09

A ten year high maybe, good old BCI got to 180p before the 2008 crash. A rare and significant premium to NAV allowing new share issues is reinforcing progress, and copper briefly testing $5/lb, well done and good luck here.