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
  0.60 0.9% 67.00 442,426 16:35:22
Bid Price Offer Price High Price Low Price Open Price
66.80 67.40 66.80 66.00 66.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.36 5.73 4.37 15.3 77
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:50 O 50,000 66.8801 GBX

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

More Blackrock Energy And Res... News
Blackrock Energy And Res... Takeover Rumours

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

Blackrock Energy And Res... Forums and Chat

Date Time Title Posts
10/12/201920:50BlackRock Energy and Resources Income Trust PLC69

Add a New Thread

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

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Blackrock Energy And Res... trades in real-time

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

Blackrock Energy And Res... Daily Update: Blackrock Energy And Resources Income Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BERI. The last closing price for Blackrock Energy And Res... was 66.40p.
Blackrock Energy And Resources Income Trust Plc has a 4 week average price of 64p and a 12 week average price of 64p.
The 1 year high share price is 78.80p while the 1 year low share price is currently 64p.
There are currently 114,531,198 shares in issue and the average daily traded volume is 583,864 shares. The market capitalisation of Blackrock Energy And Resources Income Trust Plc is £76,735,902.66.
llef: Hi EssentialInvestor, No, I don't think it does deserve to sell on a much smaller discount, (and neither do you i guess, by virtue of your question :-) ) The only other explanation i can think of, is related to the following "discount management" change by BERI management announced on 28/jan 2019. As a consequence of that change, BERI seem to buyback shares when the discount exceeds 10%, whereas BRWM seem content with discounts up to 12-15% before launching buybacks. Both will use buybacks when the discount is significant, but obv have slightly different interpretations of what is significant! "The Directors have discretion to make semi-annual tender offers at the prevailing NAV, less 2%, for up to 20% of the issued share capital in August and February of each year. The Board announced on 25 June 2018 that it had decided not to proceed with a tender offer in August 2018 and on 11 December 2018 that the tender offer in February 2019 would not be implemented. During the year ended 30 November 2018, the Company’s shares traded at an average discount to NAV of 5.2% compared to the discount of 2.0% to NAV at which any tender offer would be made. The Board is conscious of the Company’s prevailing discount and recognises the importance to shareholders that the market price of the Company’s shares should not trade at a significant discount to the underlying NAV. However, it does not believe that discretionary semi-annual tender offers represent the most effective form of discount mitigation and the Board has concluded that it would be more appropriate for the Company’s share buybacks to be used, in normal market conditions, to seek to ensure that the share price does not trade at a significant discount to the underlying NAV per share. To this end the Board is proposing that the Company’s existing authority to buy back up to 14.99% of the Company’s issued share capital, excluding treasury shares, be renewed at the forthcoming Annual General Meeting (AGM)."
llef: Does anyone have a view on BERI buying back its shares at 10% discount to NAV (200k shares bought in last 2 weeks). Obv it gives support to the share price, and increases NAV of remaining shares, but if it continues for any length of time, won't it make the cap market so small that the costs will become unsustainable relative to market cap?
aleman: NAV edged up again. Share price not going to follow?
Blackrock Energy And Res... share price data is direct from the London Stock Exchange
Your Recent History
Blackrock ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191212 19:45:34