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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Blackrock Energy And Resources Income Trust Plc | BERI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -0.42% | 117.50 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 118.00 | 118.00 | 119.00 | 117.50 | 118.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/12/2023 | Interim | GBP | 0.01125 | 14/12/2023 | 15/12/2023 | 12/01/2024 |
| 20/09/2023 | Interim | GBP | 0.011 | 28/09/2023 | 29/09/2023 | 27/10/2023 |
| 06/06/2023 | Interim | GBP | 0.011 | 15/06/2023 | 16/06/2023 | 14/07/2023 |
| 13/03/2023 | Interim | GBP | 0.011 | 23/03/2023 | 24/03/2023 | 19/04/2023 |
| 07/12/2022 | Interim | GBP | 0.011 | 15/12/2022 | 16/12/2022 | 13/01/2023 |
| 12/09/2022 | Interim | GBP | 0.011 | 22/09/2022 | 23/09/2022 | 20/10/2022 |
| 08/06/2022 | Interim | GBP | 0.011 | 16/06/2022 | 17/06/2022 | 15/07/2022 |
| 15/03/2022 | Interim | GBP | 0.011 | 24/03/2022 | 25/03/2022 | 21/04/2022 |
| 09/12/2021 | Interim | GBP | 0.011 | 16/12/2021 | 17/12/2021 | 14/01/2022 |
| 14/09/2021 | Interim | GBP | 0.01 | 23/09/2021 | 24/09/2021 | 19/10/2021 |
| 08/06/2021 | Interim | GBP | 0.01 | 17/06/2021 | 18/06/2021 | 16/07/2021 |
| 16/03/2021 | Interim | GBP | 0.01 | 25/03/2021 | 26/03/2021 | 22/04/2021 |
| 08/12/2020 | Interim | GBP | 0.01 | 17/12/2020 | 18/12/2020 | 15/01/2021 |
| 15/09/2020 | Interim | GBP | 0.01 | 24/09/2020 | 25/09/2020 | 20/10/2020 |
| 09/06/2020 | Interim | GBP | 0.01 | 18/06/2020 | 19/06/2020 | 17/07/2020 |
| 17/03/2020 | Interim | GBP | 0.01 | 26/03/2020 | 27/03/2020 | 23/04/2020 |
| 11/12/2019 | Interim | GBP | 0.01 | 19/12/2019 | 20/12/2019 | 20/01/2020 |
| 18/09/2019 | Interim | GBP | 0.01 | 26/09/2019 | 27/09/2019 | 22/10/2019 |
| 11/06/2019 | Interim | GBP | 0.01 | 20/06/2019 | 21/06/2019 | 19/07/2019 |
| Top Posts |
|---|
Posted at 13/12/2023 17:49 by atkijo Discount to NAV remains well over 10%. The recently announced divi has been nudged up a bit which is always welcome, although a slightly bigger nudge would be even more welcome obviously! Still at least the divi is increasing rather than decreasing, and they have committed to the new (slightly) higher rate into next year. |
Posted at 15/6/2023 13:34 by 2wild Trading Ex 1.1p 2nd quarterly interim dividend this morning. |
Posted at 29/6/2022 11:17 by 4spiel The increase from 85p in about a year where the yield was decent. Need to be 60p to be anything good! Given the earnings always been surprised the divi on this one has remained ‘meagre’ throughout! |
Posted at 08/6/2022 09:07 by mister md also up 129% on BERI. Funny, I bought for the great dividend yield, which isn't that great anymore, but the +129% compensates for that ... may reduce stake slightly. |
Posted at 27/5/2022 08:40 by frederickbloggs I am around 60% up on BERI shares in a fairly short yime scale. A good time to take the profits here? |
Posted at 03/3/2022 20:09 by marktime1231 Agree with the defensive diversity in BERI but they don't seem to settle on a winning portfolio, continually making big adjustments, and not enough priority on income. And you are right, backing just one energy and resources stock, even a winner like RIO, would be too risky. But I decided to take my chances and see if I could do better.From the proceeds of selling BERI (at 88p up 64%) from my trading portfolio I have rinsed positions in MP Materials and Li-Cycle for 10-20% gains, and invested some of the proceeds in BMN, IES and RRE all of which are holding their own at the moment and are full of promise but no income or gains as yet. Meanwhile a small stake in BSE has paid out 28% (*) in a year, more income than from the whole of BERI, and could soar if it gets the Toliara license. The rest I transferred across to my ISA and in to RIO which is up 35% and paid out 13% (*) since. Some also in BP which BERI shunned and must be regretting its exit from oil. My income portfolio proceeds of BERI (at 90p for a 12% gain) went almost all on UKW and GRID which are up around 15% since and nearly twice the income from BERI. These long term bets on wind energy and battery storage have defensive qualities and are enjoying a similar outlook to commodities. Time will tell if I have got this right, ask me again in 2 or 5 years, but it feels like I am getting double the income and commensurate gains / prospects. (*) including next weeks ex-divs. |
Posted at 03/3/2022 13:10 by marktime1231 Yes and no JF. Sorry not to be riding this share price wave. Not sorry I reinvested directly in miners like RIO where the share price is also soaring but the pay out is super - over 10% even at current sp, compared to BERIs miserly 3%. Yes missed out on some capital gain but it felt like I was investing indirectly only for BERI to pocket the income themselves. BERIs strategy to transition progressively in to low carbon and renewables where the income stream is over the horizon is backfiring.The last commodities supercycle BERI eventually got up to 1.5p per quarter at which stage I was a huge fan, and I guess if you bought in cheaply there is an argument to hold for that sort of income to come round again in a year or two. Or you could take the capital gain now (6 months ago) and reinvest for 3 x better income in direct miner stocks. |
Posted at 09/12/2021 12:20 by marktime1231 Too little too late BERI at last upping the quarterly dividend to 1.1p for a 4.4% yield which will satisfy those of you content with modest returns, but not me when holdings like BHP RIO and EVR have all been yielding over 10%. Actually the yield on the very top holding, Vale, is reported to be 20% gross at the moment.No doubt the yield and share price has further to go, if commodity prices and demand for iron ore flourish again. But I am not waiting around hoping that BERI will eventually distribute some of the cash flooding in to its coffers. The management of this trust do not appreciate that the I stands for Income and instead uses cash to continuously adjust portfolios and pay themselves handsomely. My stake has been reinvested in select UK commercial property where asset values and share price are recovering strongly while paying a progressive 6-7% yield. |
Posted at 15/9/2021 22:12 by marktime1231 Guess the cash NAV component is income net of trading net of issues and buybacks less fees etc, not easy to get a clear picture of what is the raw income from underlying investments just by looking at the NAV rns. The interim report said H1 (net ?) income of 2.07p versus 2p dividends, but since then the big mining companies have been throwing off dividends.If in 2021 the top constituent companies are paying out 9-14% in regular and special dividends why should investors in BERI be content with a 4.5% yield. Might as well invest direct rather than wait for BERIs other portfolio holdings to come good. Having been in since way back and with an average cost in the 50s my exit price target was always 88p. I have sliced some profit and trimmed down a little at higher prices already, and have been dithering waiting to see whether Oldman Sacks' prediction of a commodity super-cycle comes good. China has dampened that outlook, so actually it is big oil and gas now set to appreciate but BERI has been divesting those in favour of renewables where income is still building slowly. BERI are holding back some of the super income stream without giving sufficient consideration to distribution. They overlook the priority, the I stands for income. Not the first time I have felt we are being cheated. Perhaps they can address that when giving lectures about discount management by investment trusts. Torn between selling out completely in the run up to ex-div, or keeping a small stake in case the price surges again. |
Posted at 25/5/2021 13:50 by marktime1231 BERI continuing to issue shares from Treasury at a small premium to NAV. A sign that there is strong institutional investor demand, and that the lull in commodity prices caused by factors such as China trying to suppress its own futures market is seen by those buyers as a temporary lull, the drivers of underlying NAV expected to resume upward progress shortly. Around 2.85 million shares still available, this is really good for BERI economics. The effect is to hold back the BERI share price premium for the time being, while providing the manager with fresh funds to invest for an immediate value gain on paper, hopefully income-enhancing while there are opportunities yielding over 5.25%.In the last supercycle BERI (BCI then) hit 150p, but I think that was driven by Brent in a $100-125 band providing oil majors with distributable surplus so BERI could sustain a 1.5p quarterly dividend. This time BERI is less exposed to an oil boom, it has most exposure to conglomerated iron and copper miners. Get the feeling that an increasing shift to what it calls "energy transition" is not going to immediately boost cashflow. If we don't get a signal about improving the payments soon it will make sense to trim and cycle into higher yielders. Could we see 110-120p this Summer ... well its down to big bets on CVRD/Inco, BHP Billiton and RTZ, so the bet is on continued demand for iron and copper at historical high prices. Oldman Sacks is convinced that there is a short- and medium- term structural supply shortfall in industrial metals at current rates of global growth recovery. How exciting. |
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