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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Blackrock Com | BRCI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 70.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.60 |
| Top Posts |
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Posted at 27/9/2017 13:50 by goldguru2017 Kestrel Gold (TSX Venture Exchange symbol KGC.V)Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. The stock is appreciating rapidly (up 75% in 2 weeks) as investors become aware of its huge potential, but it still capitalised at only GBP4.5 million. - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$7.5 million (GBP4.5 million) - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected in next month to 6 weeks. Please do your own research on the Company before investing. Thank you for your time. |
Posted at 01/2/2017 17:44 by speedsgh Final Results - OUTLOOK ...Looking ahead for 2017, the Managers are optimistic. Although commodity prices could still be derailed by an economic recession in China, or a collapse of the OPEC deal, on balance there is a reasonable expectation that neither is likely to transpire. Overall, companies in the natural resources sector have stronger financial fundamentals than a year ago, and the sector seems well positioned to deliver for investors. On the dividend: ...The Board’s current target is to declare quarterly dividends of at least 1.00 pence in the year to November 2017, making a total of at least 4.00 pence for the year as a whole. This target represents a yield of 4.8% based on the share price as at the close of business on 30 November 2016. The Board is prepared to use revenue reserves to meet this target if portfolio income alone is insufficient.1 |
Posted at 29/4/2016 10:57 by aleman I've had a warning letter from BlackRock, warning that there is a cloned firm boiler room operation, quoting their london address and calling itself BlackRock Commodities, and trying to sell shares, property, wine and carbon credits in a cold-calling operation. I thought I'd warn everyone, bearing in mind some investors in nominee accounts might not get the warning letter. |
Posted at 14/4/2016 09:54 by aleman I think it is and it will - but not until after the election. Investment bloggers are saying it is around 30-50% overvalued. On GAAP earnings, the P/E is around 23. Private investors and funds are selling out. The big buyers are the companies themselves - buybacks using cheap debt. This has been a sell signal going back for several recessions but it does not suit the political agenda. There is so much spin going on that it is funny.Profit warning that earnings might fall 15% but shares hardly budge? Wishful thinking? Spin? Changing a model does not change the bad results and guidance. Positive GDP is not consistent with falling total business sales and total stocks int he government numbers I posted yesterday. We just had bad consumer retail sales numbers, with Mall sales down 6% and falling March sales leading to -0.1% Q on Q. Why should Good Chinese imports drive up US retailers sharply? The recovering gasoline price and recent spate of job losses is taking $s out of consumers pockets which could make April even weaker. Bad quarter priced in? JPM shares trade at the same price as 12 months ago. That says they are just ignoring bad news to me. They are worse placed now than they were as low interest rates squeeze margins and default rates are rising. ETFs still seeing outflows in March, when when investors were supposedly buying again on more optimism. This unexpectedly bad news saw the shares rise 8%+. Bad news is good news if its not awful news. Everything is being spun as good news but I have not seen any good numbers for months. It's just good if its not awful. And have you noticed how US shares and bonds have risen together recently? Odd. Somebody trying to generate a feel-good factor when there is actually no numbers coming from the private sector to feel good about and the US government debt and deficit seem to be deteriorating again. It smells fishy. Remember I said the commodities falls before Christmas smelled fishy and look what happened there. I think we'll get lots of good government news and PMI surveys etc for 6 months which will get revised down later. I'll be amazed if we get good corporate news from the US now they seem to have started cutting stocks. Better news from China and Emerging markets suggests the global outlook might hold up even if the US is a bit poorly. I do still worry about a black swan in debt markets. Total debt is rising but so are defaults. |
Posted at 22/7/2015 09:32 by unastubbs Published 22/7/15Companies in the mining sector are approaching “questionable& The commodities sector has had a challenging 12 months, suffering from a difficult macroeconomic environment and a plummeting oil price. Company share prices have suffered as a result and, with groups continuing to increase dividend payouts, this has led to some unusually high yields. While some investors had seen the high payouts as a reason to buy into mining firms, Ms Markham warned the dividend yields of some companies were approaching “extreme&rdquo In normal markets, these businesses had a 2 to 3 per cent dividend yield, she said. However, Anglo-Australian multinational mining group BHP Billiton currently has a dividend yield of more than 5 per cent. The stock is the manager’s largest holding, making up 5.8 per cent of her total assets. But if the yield climbs much further, then the market would begin to question its sustainability, she said. Between November 2014 and January this year, Ms Markham said she had been selling out of companies that she thought were in danger of not being able to pay their dividend. For example, she sold out of Canada Oil Sands, which then cancelled its dividend in January. In spite of these sales, the manager has recently been increasing her exposure to the mining sector in her BlackRock Commodities Income trust, which tends to focus mainly on the mining and energy sectors. “Mining was hit worse than energy in the downturn,” Ms Markham said. “Mining has suffered four year-on-year declines, [which] is the longest I’ve ever seen for the sector.” However, in future she thought both areas had an even chance of being the best performing area in her investable universe. Given this outlook she has shifted the trust’s portfolio so that it is now split 50 per cent each in energy and mining, whereas 12 months ago it was 65 per cent exposed to energy. Moving into the second half of this year, Ms Markham said she was optimistic the performance of the commodities sector would start to improve. “We are getting all the right signals that we are at the lowest point,” she said. “Companies are focusing on dividends, and supply and demand dynamics are beginning to rebalance.” However, the manager was keeping her optimism tempered. “It’s hard to tell when the cycle is going to turn again – there is still a lot to contend with,” she added. |
Posted at 28/5/2015 15:35 by aleman Yes but our existing holdings are at depressed prices. Will they be buying them up at MORE depressed prices? No. Buying ore at LESS depressed prices would be dilutive. Similarly depressed prices passes the consideration on to gearing and overheads. It might help if management charges were fixed rather than % as the latter just go up with greater size. The effect of gearing depends on whether it's maintained, reduced or increased and what the market does after.I'm not convinced managing the discount is of any benefit to me. It removes opportunity to buy more at a better discount or sell at a greater premium, altough it does help you get out at the bottom or buy in at the top. The latter helps investors who are unlucky or incompetent at the expense of the rest. Whether or not it benefits you depends on which group you are in! |
Posted at 16/2/2015 16:45 by neilyb675 Commenting on the markets, Olivia Markham and Tom Holl, representing theInvestment 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. |
Posted at 20/1/2015 13:13 by speedsgh 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? |
Posted at 19/1/2011 11:14 by davebowler Price of 160 but NAV 17 Jan at 154.22p ,a 4% premium , whereas CYN is at a c.10% discount to NAV. So, investors could get 14% more assets for selling this and buying CYN |
Posted at 19/11/2010 09:44 by davebowler This article mentions three of CYN's strategic holdings - precious metals , uranium and rare earth metals.Global opportunities - Shining a light on the gold story * Story by: Ed Bowie * Magazine: InvestmentAdviser * Published Monday , November 15, 2010 Gold has been a top-performing asset class in the past decade and this trend is set to continue. There are very few global market opportunities as compelling right now as the junior gold explorers and miners. Gold remains 35 per cent below its peak inflation-adjusted price of a little more than $2,000 per ounce, which was reached in January 1980. At this time gold and gold equities were estimated to have represented approximately 26 per cent of global assets. Today, following the equity bull markets of the early 1980s, this has now dropped to less than 1 per cent. If gold holdings were to be increased to just 2 per cent (less than one-tenth of historic norms) a total of 85,000 tonnes of yellow metal would be required. This, however, represents more than 30 years' production. It is estimated that total historic gold production - and therefore the amount of gold currently available to the market - is 165,000 tonnes. This means that if stacked in one place, the gold available today would create a cube with sides of less than 25 metres. Of this, 52 per cent is tied up in jewellery, with the remainder being held by central banks, by retail and institutional investors and with a small proportion in industrial uses or being unaccounted for. The most significant demand for gold typically derives from the jewellery sector - an industry very sensitive to movements in price as well as seasonal effects. For example, gold purchases soar in the lead up to certain religious festivals in India (the largest market for gold jewellery) and in the Christmas period in the US. Central bank holdings amount to almost 1bn ounces, close to 20 per cent of gold currently in circulation. Western nations typically hold larger proportions of gold as a proportion of their financial reserves, although some developing economies have been increasing their holdings. Indeed, following a decade of being net sellers of gold, central banks are becoming net buyers. The retail investment market, which is approximately a quarter of the size of the jewellery market, has also experienced strong growth over the past decade. The introduction of exchange traded funds (ETFs) has had a dramatic affect on the ability of investors to access gold, without the costs and issues associated with owning, transporting and storing the physical metal. The world's largest gold ETF, SPDR Gold trust, has grown from less than 10m ounces five years ago to almost 45m ounces today, with a doubling of the holdings taking place since the onset of the financial crisis in mid 2008. As frequently cited, gold is no-one's liability, meaning its value cannot be eroded by the credit worthiness of its issuer. The latter point has made gold an excellent wealth preserver; retaining its purchasing power over long periods of time, and acting as a safe haven during times of social and economic crisis. Gold is arguably benefiting from a perfect storm at present; with investment demand being driven by both fears over the deflationary and recessionary impacts on the credit worthiness of sovereign states, as well as the potential for significant money supply induced real inflation. Currently the reported unmined gold reserves on mining companies' inventories stand at approximately 1.5bn ounces - less than 30 per cent of total historically mined gold or 18 years of global production at current levels. Discoveries of new resources have declined steadily in the past 25 years. The net result means current production levels are only sustained from older or lower-quality mines, where operating costs are typically increasing as the assets are mined at greater depths or lower grades. The discovery cost of gold is set to increase dramatically, as will merger and acquisition activity, over the next 18 months. Junior miners will be acquired by major and mid-tier companies in order to replenish their dwindling reserves, as well as improve the quality of their resource base. The fundamentals for the gold market are robust and will remain so for the next 2-3 years. High quality gold equities offer the best means of gaining exposure. While the gold price has gained more than 25 per cent over the past 12 months, operating costs at gold mines have only grown a fraction and therefore operating margins and asset values have increased significantly. Furthermore, investors in successful junior gold companies will benefit from the growth of the companies' resource bases and production profiles. In addition to gold, platinum group metals are expected to perform well on the back of increasing autocatalytic demand and the fact 60-70 per cent of these metals come from South Africa, which presents a supply side risk due to potential labour and energy issues. With demand for clean energy increasing, the price of uranium should also perform well. To ensure continued competitive domestic supply, the advancing economies seem likely to impose tariffs on the import and export of commodities. India has already imposed of a 5 per cent duty on iron ore exports and China has restricted the export of rare earth elements which are so crucial to green and high tech sectors. Ed Bowie is investment manager of Altus Resource Capital Limited |
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