Blackrock Com Share Discussion Threads

[spectoacc] 22/3/2017 09:09

Personally I think the NAV's higher - BRCI is very "oil" and oilers doing a lot better than miners. Eg Shell down 0.1%, BP down 0.2%, RIO down 2.9%.

Edit - offer looking a little heavy so probably going lower first.

[llef] 22/3/2017 08:44

very narrow spread right now at 76.5-76.75, so have just bought some more.
NAV last night was probably about 83p, so say 81p after today's losses, so that's about a 5p discount to "current" NAV.
some margin of comfort anyway.... :-)

[spectoacc] 21/3/2017 11:14

85p NAV for yesterday; seems to have left its premium days behind it. Happy to hold a few here tho.

[celeritas] 17/3/2017 15:21

ex divi next week.

[spectoacc] 17/3/2017 14:53

85.02p for yesterday's NAV, bit disappointing after oils/miners rally, was hoping for higher.

[spectoacc] 16/3/2017 09:18

Miners on a mission, but relatively small holding for BRCI. Oils also doing pretty well, about +2%, so expecting a nice NAV move to be reported tomorrow. Still NAV compression to hopefully come.

[spectoacc] 14/3/2017 16:09

Ta. NAV back over 84p as of yesterday but may have taken a knock today with oil price fall.

[speedsgh] 14/3/2017 15:54

Dividend Declaration -

The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce that the first quarterly interim dividend in respect of the financial year ending 30 November 2017 of 1.00 pence per ordinary share has been declared by the Directors, payable on 21 April 2017 to holders of ordinary shares on the register at the close of business on 24 March 2017 (ex-dividend date is 23 March 2017). The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 29 March 2017.

[spectoacc] 13/3/2017 12:35

@llef - sorry for slow reply, yes - back in, though it may just be a trade.

Friday's NAV 83.5p cum-income and the miners - if not the oils - up c.3% today.

[llef] 10/3/2017 12:41

SpectoAcc - yep, indeed it is - in fact I've added to my holding today because of that!

Are you still thinking of buying?

cheers

[spectoacc] 10/3/2017 12:36

Fair point @llef, though the current discount is the widest I've seen in a while (yesterday's cum-income NAV 83.36p)

[llef] 10/3/2017 09:37

SpectoAcc - I dont think you will see BRCI trading at similar discount to BRWM, as BRCI are empowered to launch tender offers for shares (at NAV-2%) if discount widens too much.

Details in final results 1st Feb were as follows

TENDER OFFERS

The Directors of the Company have discretion to make semi-annual tender offers at the prevailing NAV, less 2%, for up to 20% of the issued share capital in August and February of each year.

The Board announced on 14 June 2016 that it had decided not to proceed with a tender offer in August 2016 and on 16 December 2016 that the tender offer in February 2017 would not be implemented. During the year ended 30 November 2016, the Company’s shares traded at an average discount to NAV of 1.3% compared to a discount of 2.0% to NAV, the price at which any tender offer would be made, therefore it was not in the interests of shareholders for any tender to be implemented.

[spectoacc] 10/3/2017 08:21

Yesterday's oil drop won't have helped - waiting to see what the NAV has fallen to. BRCI a lot more "oil" than BRWM, CYN etc.

[spectoacc] 08/3/2017 10:15

Inching back into buying range. I'd like to see a discount closer to BRWM's now that the divis are about the same:

BRWM:
411.58p Capital only (undiluted)
423.80p Including current year income (undiluted)
s/p 366.5p

[celeritas] 23/2/2017 09:54

Ex-divi is March

[spectoacc] 23/2/2017 09:36

Have I missed an XD, or is it finally trading at a discount?

[spectoacc] 15/2/2017 09:30

Still not sure BRCI deserves to trade at par. There's plenty of others on similar yield, trading at large discounts. But perhaps I would say that, being no longer a holder.

(Their option-writing skills and resulting huge yield used to be a good argument for trading at NAV, though they were often even at a premium).

Ongoing charge 1.44% according to HL, which isn't particularly cheap.

[aleman] 08/2/2017 17:24

RTZ is 5% of portfolio:

[speedsgh] 01/2/2017 17:44

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

[badtime] 16/1/2017 17:05

Thank you :)

[spectoacc] 16/1/2017 15:17

I still prefer CYN ;)

But well done holders.

[topazfrenzy] 12/12/2016 14:08

Dividend could go up next year, great one for the pension pot.