Blackrock Energy And Res... Share Discussion Threads

[mister md] 04/5/2021 14:36

100p - what a stellar performance

[brucie5] 20/4/2021 22:07

Ken,

No you haven't imagined that switch. My folio has become substantially geared towards income generating stocks, where I can see upside value. It means I'm missing out on some continuing exuberance in more excitable situations, but the folio is up over 21% since January, which is fine going for me. Last year was considerably more, so I'm seeking to lock in gains.

Yes, I have continued to read your excellent bargain thread, and well done in securing those dividends from an early stage.

[kenmitch] 20/4/2021 09:07

Brucie.

No I don’t hold these in preference to shares. Guess you weren’t following the BARG (for Bargains) threads on Mike Walters site when I was posting and buying them during the big dip in Spring last year?

e.g I had held DGOC for a good while and added and posted at 59p and 67p. Dividend on that 59p top up is nearly 20%! Also bought and posted on Ferrexpo at £1.35 (£4 now) Evraz at ££2.10 and £2.31 and CAML at £1.52p in March and £1.38p in May. And also posted and bought CYN, BERI and BRWM for the Investment Trust portfolio on Mike’s site near the bottom too.

I’m tempted by Wentworth as like Ferrexpo and Evraz it gets 99 on Stockopedia, but the share has done little this year,so just watching for now. Your portfolio must have had a real boost since your focus switch away from early stage type Companies to quality shares and Trusts in sectors that are doing well.....or have I imagined that switch?

[brucie5] 19/4/2021 21:35

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!

[marktime1231] 19/4/2021 21:26

Absolutely fine that you want to look at it differently.

[kenmitch] 19/4/2021 17:55

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.

[marktime1231] 19/4/2021 17:01

Suppose it depends how you do the sums, but no! Getting 8% on the amount staked is not 8%. The yield is now 4.2%. I could sell all my BERI to buy EAT or SMIF or NCYT or SWEF or SHIP or GRID or RGL or ... and be getting 6% yield. So holding BERI means missing out unless there is growth out-performance or dividend progress on the way.

[carpingtris] 19/4/2021 14:22

Yes it might look a pedestrian DIVI to others but if your holding from ~50p then you are yielding ~8% are you not?

[marktime1231] 19/4/2021 12:27

Wondering what scope BERI have to start improving the dividend, which back in 2016 was a full 1.5p per quarter before being reset to the 1p of the last five years. At the moment the 1p quarterly dividend is well covered, there is a spare 0.7p in cash but I can't work out the rate-per-share at which it is receiving income. I suspect management are concentrating on rotating into green energy stocks and not so focussed on shareholder returns.

It doesn't have to step straight up to 1.25p or 1.5p per quarter, a smaller index to 1.1p would be a signal of better things to come. Otherwise we are sitting on a terrific capital gain since the share price recovered from 50p to 95p, but yield of only 4.2% and shrinking is looking pedestrian.

There is more gain to come if you believe the bullish outlook for copper but I am wondering if our money could be working harder to provide income, in EAT where there are also gains to be had or SMIF supplying a steady stream of monthly paydays, both yielding over 6%.

[skinny] 15/3/2021 14:00

The unaudited net asset values for BlackRock Energy and Resources Income Trust
PLC at close of business on 12 March 2021 were:

95.97p Capital only
97.40p Including current year income

[aleman] 24/2/2021 09:18

The trouble with having 30% of your income from options (mostly covered calls, I believe) is that they crystallise when your shares go up. You make a profit and get cash back but lose your shares and income and have to repurchase income somewhere else. Also, future calls are likely to bring slightly less money in if shares have risen. The effect of markets moves on options have been good for capital but bad for income, which is not ideal in an income trust, though it does balance out a period when dividends are likely to be rising quite strongly. The end result is any dividend increase is likely to be fairly modest.

[jfinvestments] 23/2/2021 21:43

I can't see that happening.

[csalvage] 23/2/2021 10:39

Any chance of a special dividend they will have a lot extra cash coming in.

[aleman] 15/2/2021 09:55

Yes. Click on bottom link in header.

[csalvage] 15/2/2021 09:49

Has the share price ever been higher than the Nav.

[skinny] 09/2/2021 10:36

You'd have to go back 7 years to its former incarnation!

Here's hoping.

[jfinvestments] 09/2/2021 10:32

90p hit. I think there will be a return to £1 a share soon.

[gateside] 04/2/2021 23:40

Final Results were issued after the market closed. Don't know why they never release results at 7am.Good results though.

[jfinvestments] 01/2/2021 12:34

Silver rise is helping today. I feel this could go 90p plus in the short-medium term.

[csalvage] 18/1/2021 15:16

Got my dividend with ii

[skinny] 15/1/2021 11:32

NET ASSET VALUE

BLACKROCK ENERGY AND RESOURCES INCOME TRUST PLC
54930040ALEAVPMMDC31

The unaudited net asset values for BlackRock Energy and Resources Income Trust
PLC at close of business on 14 January 2021 were:

94.38p Capital only
95.01p Including current year income XD

[carpingtris] 13/1/2021 14:40

Looking good here... shame all my holdings didn't do the same!

[wapping67] 11/1/2021 12:22

Interesting to see it’s stablemate BRWM move to a nav premium today

[skinny] 07/1/2021 12:15

Yes - quite a discount.

[tiltonboy] 07/1/2021 12:01

NAV 93.45p