Blackrock Com Share Discussion Threads

[spectoacc] 03/10/2017 09:19

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.

[alfred] 03/10/2017 09:12

Poor quality managers here. Far too much emphasis on oil companies. Do they do any research I wonder.

[gateside] 02/10/2017 20:37

With Miners and Oil companies both doing well, am very surprised at continual underperformance here.

[spectoacc] 27/9/2017 16:28

Seem to be filtering more & more of these types.

[speedsgh] 27/9/2017 15:17

Beware spam...

goldguru2017 - 27 Sep '17 - 13:50 - 600 of 600 0 0 (Filtered)

[goldguru2017] 27/9/2017 13:50

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.

[neilyb675] 11/9/2017 17:19

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). 

[db125] 22/8/2017 20:24

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.

[gateside] 22/8/2017 13:19

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.

[skinny] 17/8/2017 07:33

Price / NAV

[spectoacc] 17/8/2017 07:21

@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.

[neilyb675] 16/8/2017 21:06

up to 1.25p imvhpo

[aleman] 16/8/2017 17:17

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.)

[spectoacc] 15/8/2017 11:31

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).

[aleman] 10/8/2017 12:24

NAV is a bit up and down but price of oil and precious metals are creeping up so NAV should follow.

[spectoacc] 09/8/2017 16:14

77.7p NAV yesterday, fwiw.

[llef] 27/7/2017 11:53

yep, but there is a mechanism in place here for BRCI to buy back shares if discount gets too wide.I know they would prefer not to use it, as mkt cap is pretty small as it is, but that and the current divi of over 5% should stop the discount widening too far - I hope so anyway!

[aleman] 27/7/2017 11:49

Are investment trust discounts widening generally? I would guess so. There have been media articles suggesting it might happen. Historically, they have a habit if widening ahead of a slowdown or recession and narrowing ahead of market tops. Economic growth has been slower of late so it would be typical of discounts to widen again.

[llef] 27/7/2017 11:38

miners are up another 1.5% today
rdsb up 1% and gold is looking perky
do not understand the falling price here.
assume it will snap back at some stage

[spectoacc] 25/7/2017 16:37

We seem to be stuck on a persistent discount these days.

[llef] 25/7/2017 16:34

biggest holding first quantum minerals (8% of portfolio) is up 7% today.
wider mining index is up 4.5%
oils up 1.5%
augurs well for NAV update tomorrow

[essentialinvestor] 03/7/2017 15:44

NAV may show a boost to tomorrow.

[spectoacc] 27/6/2017 09:45

NAV come back a bit with the oil price. Glad of the divi on BRCI, though have taken hit on a few when price has looked reasonable (reasonable to the NAV rather than reasonable to what I paid).

[essentialinvestor] 14/6/2017 22:53

Saudi Aramco IPO to come, so would expect
SA to consider additional steps if oil continued to weaken.