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
  0.50 0.83% 60.70 105,211 16:35:06
Bid Price Offer Price High Price Low Price Open Price
59.60 61.80 61.60 61.60 61.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.64 4.95 3.97 15.3 69
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:34 O 1,600 60.372 GBX

Blackrock Energy And Res... (BERI) Latest News (2)

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Date Time Title Posts
24/9/202013:07BlackRock Energy and Resources Income Trust PLC204

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

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-25 15:14:3760.371,600965.95O
2020-09-25 14:57:3260.3715,9369,620.88O
2020-09-25 14:36:5960.375,0003,018.60O
2020-09-25 14:36:4161.804,0152,481.27O
2020-09-25 13:48:0260.2035,00021,070.00O
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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 60.20p.
Blackrock Energy And Resources Income Trust Plc has a 4 week average price of 59.80p and a 12 week average price of 56.40p.
The 1 year high share price is 74p while the 1 year low share price is currently 36.20p.
There are currently 113,470,349 shares in issue and the average daily traded volume is 230,700 shares. The market capitalisation of Blackrock Energy And Resources Income Trust Plc is £68,876,501.84.
aleman: It's paid out the current share price in dividends since 2007. Dividends from constituents have fallen because many diggers cut dividends after the 2015 commodities bust. We're only 3 years or so since the bottom of the cycle. On top of that, the company has eased off on heavy options writing which has probably traded some capital gain for enhanced income in the past - maybe too much. It's a useful income that follows a slightly different cycle from the rest of the market. It seems a worthwhile diversification for income seekers to me but don't expect massive capital gains while they write options to boost income.
aurelius5: It's difficult to know where to start with this one. Its share price is roughly where it was at the 2008 bottom and its divi is down 33% over the last few years. A no hoper? Maybe, but if you believe that the end result of endless debt, deficit spending and QE will be high inflation over the coming years then this could be a contrarian buy. What would you rather buy now, the crooked tower of BNKR or something at multi year lows?
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
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