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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
|
|
|---|---|---|---|---|
| -2.00 | -1.69% | 116.50 | 16:35:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 118.50 | 116.50 | 118.50 | 116.50 | 118.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 15/9/2021 21:12 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 12:50 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. |
Posted at 19/4/2021 20:35 by brucie5 Ken, you hold these in preference to a discrete, selective folio of oil/gas shares?DGOC, WEN give a pretty good combined divi, skewed heavily of course, towards gas, which is the better part of the fossil energy sector. Combine it with BP. on a 5% divi and upwardly mobile chart - and also of course, a larger investor in hydrogen. At least that's the way I'm going! |
Posted at 19/4/2021 16:55 by kenmitch It doesn’t merit much discussion but I agree with carpingtris. Those of us who bought BREI at the bottom are getting a 10% yield. Sometimes shares investors bought end up paying an annual dividend of 100% and sometimes much more than that. An extreme example is Next. Anyone who bought Next at rock bottom 6p years ago was getting multiples of their buy price back in dividends ahead of Coronavirus. I always go for the yield on my buy price and not the yield at the current share price. E.g if the share halves after my buy and the 5% dividend is held then my yield is still 5% but it’s 10% for new buyers.Point taken that there are plenty of shares and Trusts paying bigger dividends than BREI at current prices, but imo so what. It’s what my dividend yield is that counts. |
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