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
  0.30 0.32% 93.60 689,663 16:35:11
Bid Price Offer Price High Price Low Price Open Price
92.40 94.80 95.40 94.00 95.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.64 4.95 3.97 23.6 106
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:35 O 11,000 93.672 GBX

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Date Time Title Posts
15/3/202114:00BlackRock Energy and Resources Income Trust PLC227

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

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-12 15:29:3693.6711,00010,303.92O
2021-04-12 15:22:4494.426,3545,999.48O
2021-04-12 15:19:5894.422,1021,984.72O
2021-04-12 15:09:1594.363,6863,478.04O
2021-04-12 15:06:1493.4610,5899,896.95O
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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 93.30p.
Blackrock Energy And Resources Income Trust Plc has a 4 week average price of 88.60p and a 12 week average price of 76p.
The 1 year high share price is 97p while the 1 year low share price is currently 47.10p.
There are currently 113,470,349 shares in issue and the average daily traded volume is 390,983 shares. The market capitalisation of Blackrock Energy And Resources Income Trust Plc is £106,208,246.66.
jfinvestments: 90p hit. I think there will be a return to £1 a share soon.
wapping67: Historically this has roughly traded between 10-15% discount to NAV. A similar discount to that of its larger stable mate BRWM. The renewed interest in metals & mining (esp copper) has seen BRWM discount narrow to around 5%. The refocusing of BERI away from carbon should assist the market’s perception of the Trust and I suspect we may see the discount narrow to between 5-10% which would imply a share price 74-78p. The exposure away from large oil may eventually see a higher payout in a few years. The energy transition starts and ends with metal ! GLA
skinny: The unaudited net asset values for BlackRock Energy and Resources Income Trust PLC at close of business on 14 September 2020 were: 71.98p Capital only 73.72p Including current year income The Board of BlackRock Energy and Resources Income Trust plc is pleased to announce that the third quarterly interim dividend in respect of the financial year ending 30 November 2020 of 1.00 pence per ordinary share has been declared by the Directors, payable on 20 October 2020 to holders of ordinary shares on the register at the close of business on 25 September 2020 (ex-dividend date is 24 September 2020). The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 29 September 2020.
jfinvestments: Late reply but...It's not a bad trust. Commodities have fallen over the last few years, this trust shows that but does offer very affordable entry into the sector. Big oil and Barrick Gold (recent purchase for Warren Buffet).It's hard to say where this will go, I didn't expect the growth at the start of the summer. It's hit resistance at 64/65p. I can see it getting back to January levels in the medium longer term. And in the meantime 1p per share dividend is okay.
keith95: "Shocked how high these other 2 are. " Happy with a solid holding here .. copper and metals are taking off, with BERI known as an energy play being forgotten about ... .. this fund manager also plays futures, to earn extra income, that is also a plus for me. My own view, is that a fund manager trying to beat an index as a benchmark like CYN is simply a costly waste of my money ..... might just as well invest in the index via a tracker fund. So in the modern environment, one should ask what exactly does a fund manager add to a portfolio of stocks ... ... stock picking is a waste of time, because fund mangers publish maajor holdings, so why not just buy the major holdings oneself.
orinocor: Shocked how high these other 2 are. Beri has some catching up to do. NAV may be over 71p today. Let's see. Overall the portfolio is positive gain today.
orinocor: Discount is closing a bit now but there is so much more upside to this. Look at the historically low share prices of the O&G super majors like BP, Shell, Chevron et al. If oil prices climb back up to $50....
neilyb675: Commenting on the markets, Tom Holl and Mark Hume, representing the Investment Manager noted: The Company’s NAV increased by 14.7% during the month of April (in Sterling terms). Global equity markets started to recover in April as a rebound in oil prices, encouraging early signs of COVID-19 treatment trials and expectations of further government stimulus, helped to recover some of the losses experienced in February and March. For reference, the MSCI All Country World Index rose by 10.6%. China’s National Development and Reform Commission announced a step-up in infrastructure spending in the country to boost economic growth post COVID-19, which improved sentiment towards mining. Most mined commodities’ prices rose over the month, with copper, nickel and gold prices up by 4.5%, 6.0% and 5.8% respectively. The iron ore (62% fe) price was flat over the month, albeit at a healthy level of $85/tonne, having held up well this year. Within the precious metals space, April was a spectacular month for gold equities in which they exhibited a high beta to the rise in the gold price. This reflected a ‘catch-up̵7; market move, in our view, after they had lagged the gold price through Q1 2020. Sentiment around equities in general improved in April on the back of coordinated central bank action. The gold price finished the month at $1,705/oz., the highest level since December 2012. Within the energy sector, oil prices displayed volatility during the month but ended modestly higher, with Brent and WTI (West Texas Intermediate) at prices of $25/bbl and $24/bbl respectively. The energy industry is clearly experiencing an unprecedented demand shock. At the start of the year, oil demand was expected to grow by 1% year on year (1.0-1.2m b/d). The International Energy Agency now sees demand declining by 9% (or over 9m b/d). For context, this would mark only the third time in the past 35 years in which oil demand has contracted; 2008/09 being the other two. Even during the Global Financial Crisis in 2008, oil demand only fell by 2% peak-to-trough. April will likely mark the peak of demand destruction, as around 60% of the world’s population are under some form of lockdown, with oil demand in April expected to fall 25-30% year on year. April should also mark the peak of oil supply, following a jump in OPEC exports post the public falling-out between Saudi Arabia and Russia in March and ahead of the subsequently agreed cuts (9.7m b/d headline) that will begin in May. Land-locked crudes have the potential to run well below this for short periods too, given localised limitations on storage. WTI’s brief foray into negative pricing recently is obviously an extreme example of this, albeit the move there was exacerbated by low liquidity into contract expiry and the nature of the WTI futures contract, which physically settles. Those unable to take delivery of the oil needed to sell their contract before expiry to someone that was and this proved challenging given limited storage availability at the delivery hub in Cushing, Oklahoma.
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).
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)."
Blackrock Energy And Res... share price data is direct from the London Stock Exchange
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