Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock Com LSE:BRCI London Ordinary Share GB00B0N8MF98 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 76.00p 75.50p 78.50p - - - 191,695 12:02:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.5 6.0 4.4 17.2 90.26

Blackrock Com Share Discussion Threads

Showing 601 to 624 of 625 messages
Chat Pages: 25  24  23  22  21  20  19  18  17  16  15  14  Older
DateSubjectAuthorDiscuss
31/10/2017
17:04
The unaudited net asset values for BlackRock Commodities Income Investment Trust plc at close of business on 30 October 2017 were: 77.20p Capital only 78.62p Including current year income
neilyb675
06/10/2017
13:53
Don't forget that NAV rns always refers to the end of the previous day. Todays 2p rise in NAV refers to close of play yesterday.
whilstev
05/10/2017
16:42
How did the fund manager manage a drop in NAV yesterday compared to the day before, considering its main holdings like rio, blt, glen, fm and many other commodity stock has gone up a lot yesterday and $/£ has gone up as well. Idiot.
riskvsreward
05/10/2017
12:05
Highest it's been for 6 months!
gateside
03/10/2017
12:10
Aleman - I accept the general point of your argument that you cant have your cake (of more income) and eat it (enjoy capital growth too). But in this case, at a very simple level, we seem to have given up all capital growth for a year, for an extra 2.5p of sold premium - ie we seem to have sold ATM options for (2.5*100/76)= 3.3% premium. That seems very very low, esp as the underlying have risen strongly, so you would expect the option vol to be correspondingly bigger too!
llef
03/10/2017
11:33
That's post the divi-cut too, so only 3p paid out in that time. 1.4% ongoing charge taken another penny off, and say GBP move another penny. Agreed tho - not sure why performance not better, since they do hold RIO & BLT as well as oilers. Can only be option holders taking away holdings at lower prices? 10% gearing should have added back a little performance.
spectoacc
03/10/2017
11:32
But oil shares don't go up 50% every year. You also have to add in the years there was no gain or they went down. It might be 25p extra income over 10 years, with a lost capital gain of 20p or 25p over 10 years. The first is spread out while the latter is concentrated in those years where mining shares soared. Buying BRCI shares is taking superior income from oil and miners while forgoing some of the exceptional gains. There is no such thing as a free lunch. You can't have higher income than other commodities trusts AND match their capital gains in the best years. looking at it over just one year is a little unfair. That's the principle, anyway. I still wonder a little at the underperformance in the most recent months, but it might just be the way options mature and/or are exercised
aleman
03/10/2017
10:42
last couple of posts have made me re-examine BRCI performance. If i look back a year to 30 sep 2016, gbp was 1.30 mining index was 127 rdsb was 20.00 BRCI NAV was 76p yesterday gbp was 1.33 mining index was 170 rdsb was 23.00 NAV was 76p That is a pretty shocking underperformance by BRCI. I cant believe its all down to the selling of call options to produce additional income, but I am at a loss to find any other reason for the dismal NAV performance. If it is down to the option selling, then the additional yield of (i think) 2.5p does not seem a resonable income for the capital gain that we have lost.
llef
03/10/2017
08:19
Nah BRCI always been mainly oil, BRWM always been mainly miners. Have commented on it many times above. Also, BRCI suffers in a rising market for their options-writing strategy. Works well in sideways markets - lots of premiums pocketed - but not so well in rising markets. Lots of premiums still pocketed, but now shareholdings being claimed by the option holders, at prices that are below market. BRWM do a bit of options-writing too, but I've kept them for the discount/yield. BRCI regularly used to trade at an unwarranted premium.
spectoacc
03/10/2017
08:12
Poor quality managers here. Far too much emphasis on oil companies. Do they do any research I wonder.
alfred
02/10/2017
19:37
With Miners and Oil companies both doing well, am very surprised at continual underperformance here.
gateside
27/9/2017
15:28
Seem to be filtering more & more of these types.
spectoacc
27/9/2017
14:17
Beware spam... goldguru2017 - 27 Sep '17 - 13:50 - 600 of 600 0 0 (Filtered)
speedsgh
27/9/2017
12:50
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goldguru2017
11/9/2017
16:19
The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce that the third quarterly interim dividend in respect of the financial year ending 30 November 2017 of 1.0 pence per ordinary share has been declared by the Directors, payable on 13 October 2017 to holders of ordinary shares on the register at the close of business on 22 September 2017 (ex-dividend date is 21 September 2017). 
neilyb675
22/8/2017
19:24
Seem to be a few anomalous factors operating. 1)The shares have been at a discount for the past 6 months and more recently has been steadily widening. 2)Recorded "sales" have regularly and massively exceeded "buys". 3)Dividends from top 10 holdings have/are increasing rapidly, admittedly from a low base. 4)A recovery in the dividend must surely be in the runes.
db125
22/8/2017
12:19
Considering that this is split between mining and oil, I am surprised at the lack of upward movement in the share price. Especially when you consider the strength of mining shares over recent weeks and months.
gateside
17/8/2017
06:33
Price / NAV
skinny
17/8/2017
06:21
@Aleman - the divi may well increase slightly in future, not disputing that. Just saying that a very oil-heavy portfolio may not see much in the way of gains. I don't personally think Shell's divi is sustainable for eg, but that's another argument.
spectoacc
16/8/2017
20:06
up to 1.25p imvhpo
neilyb675
16/8/2017
16:17
What you are saying does not tie in with what was reported at the interims. They suggested the dividend looks set to rise. The interim results showed revenue of 2.72p versus 2.12p last year, which finished as 4.43p at year-end. Full year revenue looks set to be over 5p so the payout will almost certainly increase but they will need things to settle down a bit to determine the level. Option income will reduce again, after its recent increase on the back of greater volatility. At the same time, the dividends received are expected to recover on the back of stronger balance sheets. It is unclear which will dominate, although I would lean to the latter. (Option writing income was 55% of interim revenue so option-writing has been backing the dividend considerably to avoid a bigger cut in the last year.)
aleman
15/8/2017
10:31
Hate to sell at a discount, and at a loss, but fear I'm out - will look to get back in sometime but it's become too small a position & seems the days of trading at par or even premium are long gone. Fwiw, BRCI's major holdings are: FQM RDSB RIO GLEN Exxon BLT Andarko Newcrest BP With the option-writing too, I'd have hoped for better than c.5.5% yield. I'd also fear - rightly or wrongly - that most of the above have seen the best of their recoveries. That may not be the case but I struggle to justify BRCI's 1.4% charges if the option-writing side isn't backing a larger divi (as it used to in the past).
spectoacc
10/8/2017
11:24
NAV is a bit up and down but price of oil and precious metals are creeping up so NAV should follow.
aleman
09/8/2017
15:14
77.7p NAV yesterday, fwiw.
spectoacc
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