ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

BERI Blackrock Energy And Resources Income Trust Plc

116.50
-2.00 (-1.69%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock Energy And Resources Income Trust Plc LSE:BERI London Ordinary Share GB00B0N8MF98 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -1.69% 116.50 226,804 16:35:19
Bid Price Offer Price High Price Low Price Open Price
117.00 118.00 118.50 116.50 118.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -20.02M -23.4M -0.1917 -6.10 144.59M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:19 UT 14 116.50 GBX

Blackrock Energy And Res... (BERI) Latest News (1)

Blackrock Energy And Res... (BERI) Discussions and Chat

Blackrock Energy And Res... Forums and Chat

Date Time Title Posts
12/10/202413:59BlackRock Energy and Resources Income Trust PLC315

Add a New Thread

Blackrock Energy And Res... (BERI) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Blackrock Energy And Res... (BERI) Top Chat Posts

Top Posts
Posted at 14/12/2024 08:20 by Blackrock Energy And Res... Daily Update
Blackrock Energy And Resources Income Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker BERI. The last closing price for Blackrock Energy And Res... was 118.50p.
Blackrock Energy And Res... currently has 122,019,497 shares in issue. The market capitalisation of Blackrock Energy And Res... is £142,762,811.
Blackrock Energy And Res... has a price to earnings ratio (PE ratio) of -6.10.
This morning BERI shares opened at 118.50p
Posted at 23/4/2024 21:49 by atkijo
The discount to NAV remains at about the 10% mark, which is neither particularly surprising nor concerning. This is a classic cyclical sector. So I like that they have been purchasing their own shares for quite a number of months now which they hold in treasury (currently over 10m or c8% of total in issue).The current discount will almost certainly become a premium again at some point in the future, at which point they will sell the treasury shares - as they did a few years ago (when the share price was last at a premium to NAV). All makes good business sense to me. Hopefully we might also see something of a progressive dividend now as well (fingers crossed!).
Posted at 08/6/2022 08:07 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 07:40 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 27/10/2021 11:44 by citytilidie
Thank you Marktime, but please keep an eye on BERI as they will create a good buying opportunity in the near future I’m sure. They are a good safe diverse share, and if the discount increases to 7/8/9% then I would jump back in again. I am in and out of shares like SHRS, VIP,BIPS ,BERI, JEFI and BP all the time as they all seem to have patterns once you keep your eye on them for long enough. Just sold BP earlier this morning just in case oil is adversely mentioned at COP26 next week. If they back down to 320 quite quickly then I will buy back.
A 10% difference in the share price plus a dividend of 4-5% is a great return if you can do it once or twice a year.
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 17/5/2021 15:00 by marktime1231
Held NCYF for some time, its current yield is barely covered and not sustainable, something they have already admitted in recent reporting will need to be rebased in the next year or two. Still holding while the NAV and share price slowly recover from the covid bath, approaching 60p I will move on unless they consolidate with another similar IT to give them scale. Rather like IPE and CMHY are now doing, the new entity not super-exciting levels of high yield but ones you can retire on. Trading small margin cycles is not my game usually, until there is a compelling opportunity like which just happened with BERI. Besides, we can usually see what drives BERI price but I have no idea what drives NCYF or its underlying holdings, why its value has been so slow to recover compared to similar debt ITs etc. Sustainability? Inflation?
Posted at 06/12/2019 16:43 by llef
I heard on CNBC yesterday, that the US Oil producers sub-index was close to dropping below the level it started 2010.
Given BERI distributes almost all its income, it's a strong headwind for the BERI share price to have overcome historically.
(That underperformance is the main reason I'm holding here - I'm hoping for some mean-reversion to take place).
Blackrock Energy And Res... share price data is direct from the London Stock Exchange

Blackrock Energy And Res... Frequently Asked Questions (FAQ)

What is the current Blackrock Energy And Res... share price?
The current share price of Blackrock Energy And Res... is 116.5p.
How many Blackrock Energy And Res... shares are in issue?
Blackrock Energy And Res... has 122,019,497 shares in issue.
What is the market cap of Blackrock Energy And Res...?
The market capitalisation of Blackrock Energy And Res... is GBP 144.59 M.
What is the 1 year trading range for Blackrock Energy And Res... share price?
Blackrock Energy And Res... has traded in the range of 104.20p to 127.00p during the past year.
What is the PE ratio of Blackrock Energy And Res...?
The price to earnings ratio of Blackrock Energy And Res... is -6.10.
What is the cash to sales ratio of Blackrock Energy And Res...?
The cash to sales ratio of Blackrock Energy And Res... is -7.13.
What is the reporting currency for Blackrock Energy And Res...?
Blackrock Energy And Res... reports financial results in GBP.
What is the latest annual turnover for Blackrock Energy And Res...?
The latest annual turnover of Blackrock Energy And Res... is GBP -20.02M.
What is the latest annual profit for Blackrock Energy And Res...?
The latest annual profit of Blackrock Energy And Res... is GBP -23.4M.
What is the registered address of Blackrock Energy And Res...?
The registered address for Blackrock Energy And Res... is 12 THROGMORTON AVENUE, LONDON, EC2N 2DL.
What is the Blackrock Energy And Res... website address?
The website address for Blackrock Energy And Res... is www.blackrock.com/uk/beri.
Which industry sector does Blackrock Energy And Res... operate in?
Blackrock Energy And Res... operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector.

Your Recent History

Delayed Upgrade Clock