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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Blackrock Emg | LSE:BEEP | London | Ordinary Share | GB00B0BN1P96 | ORD USD0.10 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 318.50 | 315.00 | 322.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMBEEP
BLACKROCK EMERGING EUROPE PLC (LEI - 549300OGTQA24Y3KMI14)
All information is at 30 April 2018 and unaudited.
Performance at month end with net income reinvested
One Three One Three Five *Since
Month Months Year Years Years 30.04.09
Sterling:
Share price -1.6 -10.7 8.3 50.9 37.7 141.3
Net asset value -1.8 -8.7 5.0 40.9 26.9 128.3
MSCI EM Europe -2.4 -8.4 3.9 23.0 -1.5 72.1
10/40(NR)
US Dollars:
Share price -3.4 -13.5 15.3 35.2 21.9 124.3
Net asset value -3.6 -11.6 11.7 26.2 12.3 112.2
MSCI EM Europe -4.1 -11.2 10.6 10.2 -12.8 60.0
10/40(NR)
Sources: BlackRock, Standard & Poor's Micropal
*BlackRock took over the investment management of the Company with effect from
1 May 2009
At month end
US Dollar:
Net asset value - capital only: 492.05c
Net asset value* - cum income: 507.78c
Sterling:
Net asset value - capital only: 357.23p
Net asset value* - cum income: 368.65p
Share price: 345.00p
Total assets^: GBP132.4m
Discount (share price to cum income NAV): 6.4%
Net gearing at month end: 8.5%
Net yield^^^^: 3.1%
Gearing range as a % of Net assets: 0-20%
Issued Capital - Ordinary Shares^^ 35,916,028
Ongoing charges^^^ 1.1%
* Includes year to date net revenue equal to 11.42 pence per share.
^ Total assets include current year revenue.
^^ Excluding 5,000,000 shares held in treasury.
^^^ Calculated as at 31 January 2018, in accordance with AIC guidelines.
^^^^ Yield calculations are based on dividends announced in the last 12 months
as at the date of release of this announcement, and comprise of the final
dividend of 15.00 cents per share, (announced on 23 March 2018, ex-dividend on
17 May 2018)
Sector Gross assets Country Gross
Analysis (%) Analysis assets
(%)
Financials 39.5 Russia 54.0
Energy 26.4 Poland 16.5
Consumer Staples 10.7 Turkey 13.9
Telecommunication Services 10.3 Greece 6.9
Health Care 4.9 Ukraine 3.5
Materials 3.6 Hungary 3.4
Information Technology 2.9 Pan-Emerging Europe 1.8
Consumer Discretionary 1.7 Net Current Liabilities (0.0)
Net Current Liabilities (0.0) -----
----- 100.0
100.0 =====
=====
Short position (1.5) (1.5)
Fifteen Largest Investments
(in % order of Gross Assets as at 30.04.18)
Company Region of Risk Gross assets
(%)
Sberbank Russia 10.4
Lukoil Russia 9.6
Gazprom Russia 7.5
PKO Bank Polski Poland 5.8
Rosneft Oil Company Russia 4.9
Novatek Russia 4.5
Alior Bank Poland 4.0
Lenta Russia 3.8
PZU Poland 3.7
National Bank of Greece Greece 3.6
Mobile Telesystems Russia 3.5
Turkcell Turkey 3.4
Gedeon Richter Hungary 3.4
Alpha Bank Greece 3.3
Bank Pekao Poland 3.0
Commenting on the markets, Sam Vecht and Christopher Colunga, representing the
Investment Manager noted;
Market Commentary
Market & Portfolio Performance
The MSCI Emerging Europe 10/40 Index fell by 4.1% in April 2018 (in US Dollar
terms), following developments in Turkey and Russia. The Company outperformed
the index over the period, with the NAV falling by 3.6% in US Dollar terms.
Markets in Turkey fell in April as the Turkish currency continued to weaken
reflecting increasingly challenging economic conditions. Politics also remain
an overhang with President Erdogan calling for an early presidential election,
which came as a surprise to the market. Russian markets sold off as Russia
faced new US sanctions targeting seven Russian oligarchs and 12 companies they
own or control, 17 senior Russian government officials, and a state-owned
Russian weapons trading company and its subsidiary, a Russian bank. US
sanctions primarily targeted Russia's commodities sector.
On the other hand, markets in Greece saw strong performance in April as the
Greek banks successfully passed the European Central Bank (ECB) stress test
without having to raise fresh capital.
The portfolio's outperformance in April is predominantly attributed to the
overweight to Greek financials and the short position in Turkey.
We funded additional positions in names such as a Sberbank and natural gas
producer Novatek by taking partial profit in one of our strong performing
Central European exposures Erste Bank.
23 May 2018
ENDS
Latest information is available by typing www.blackrock.co.uk/beep on the
internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV
terminal). Neither the contents of the Manager's website nor the contents of
any website accessible from hyperlinks on the Manager's website (or any other
website) is incorporated into, or forms part of, this announcement.
END
(END) Dow Jones Newswires
May 23, 2018 06:38 ET (10:38 GMT)
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