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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Blackrock Income Strategies Trust | LSE:BIST | London | Ordinary Share | GB0001297562 | ORD 25P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 111.25 | GBX |
Blackrock Income Strategies Trus (BIST) Share Charts1 Year Blackrock Income Strategies Trus Chart |
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1 Month Blackrock Income Strategies Trus Chart |
Intraday Blackrock Income Strategies Trus Chart |
Date | Time | Title | Posts |
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22/2/2017 | 17:27 | Blackrock Income Strategies Trust | 79 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Top Posts |
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Posted at 10/2/2017 08:19 by spectoacc Sold out of my remaining few BIST - NAV's been fine, and it's nearer to the Aberdeen reconstruction, but have had a divi and now marginally up, so moving on. No particular keeness for the newco.Good luck holders. |
Posted at 12/1/2017 09:30 by spectoacc FTSE - multiple highs.BIST - bleugh. |
Posted at 16/12/2016 19:41 by contrarian joe We will email you when we have news on them.Aberdeen: how we will revive BlackRock Income Aberdeen fund managers Mike Brooks and Tony Foster discuss their plans to turn round BlackRock Income Strategies Trust (BIST). Comment Email a friend by Gavin Lumsden on Dec 16, 2016 at 08:53 Download BlackRock Income Strategies Trust (BIST ), formerly known as British Assets, has endured a turbulent few years and poor long-term performance. Last month its board sacked BlackRock after 20 months in charge and appointed Aberdeen Asset Management to run the £280 million global portfolio, which it intends to merge with the Aberdeen UK Tracker Trust (AUKT ) and rename Aberdeen Diversified Income and Growth (ADIGT). In this video interview fund managers Mike Brooks and Tony Foster talk about the future investment policy for the investment trust and how it will compare with their Aberdeen Diversified Growth fund. Can't watch now? Read the transcript Interview over at citywire. |
Posted at 12/12/2016 16:04 by getscenic But the share price will go nowhere until Aberdeen have taken over the reigns and we see where they want to invest what is left out of the tracker trust. Sitting on my sell finger for the time being. |
Posted at 30/11/2016 10:06 by spectoacc Agreed - the claims being made sound very like the claims BIST were making. Why not just give it over to a proven manager running a trust trading at par. Merger with AUKT seems unnecessarily complex.On the plus side - goodbye Blackrock! You won't be missed. |
Posted at 30/11/2016 09:39 by spectoacc Funniest part of the RNS:"Prior to the strategic review, the Board had been implementing a nil discount control policy through share buybacks at a discount to NAV. In the year ended 30 September 2016 the Company purchased 7.6 million shares pursuant to this policy. " Nil discount policy hasn't been too successful! |
Posted at 30/11/2016 09:09 by gbill11 40% cash exit is not for BIST shareholder. Its for the Aberdeen shareholders. BIST shareholders are offered a 20% tender at 4% discount to NAV.I'd have bought at 105p but I don't see any point. They are slashing the dividend by 20% so I'd expect this new trust to trade at a healthy discount to NAV, |
Posted at 05/11/2016 10:25 by orinocor Yes SHRS is much more attractive than BIST. I may revisit BIST if it falls below a quid but even then if NAV keeps relentlessly going down that may not be a bargain.The odd thing with BIST is its NAV keeps trending downwards no matter what. |
Posted at 31/10/2016 11:50 by spectoacc 20% more than possible - they shifted to a heavier bond weighting recently, right at the time the bond bull market seems to be over. Much the same as they did with their equity exposure! Need to see the next Factsheet to see latest holdings but performance vs the market is so bad, widening discount not a surprise.Shires - a quality player IMO - on a 2% wider discount, & Merchants (not one I'm a fan of for its expensive debt) 2% tighter, so BIST is in the middle, yet by far the worst performer. A shocking lack of impetus on the so-called strategic review too - what's the betting that in December they announce that the strategic review's conclusion is once again to hold a strategic review? " Further to the announcement dated 1 August 2016 of a review into the Company's investment objective and policy, the Board has considered a number of factors. These include the performance of the investment portfolio, the cost of the Company's debt, the cost of paying the dividend and its discount management policy. The Board has now decided to undertake a strategic review and to invite fund management groups, including BlackRock, with both established multi-asset management credentials and the experience of managing listed closed-end funds, to present proposals to the Board. A further announcement will be released as soon as practicable and before the publication of the report and accounts in December 2016" [Edit - just looked up the debt: "The Company also has a 6.25% Bond 2031 in issue, which equates to 17.2% of the Company's net assets."] |
Posted at 06/10/2016 19:16 by spectoacc Not saying BIST isn't a buy if you think the strategic review will produce something interesting, and it's clearly on a discount, but strewth - was even more right in the post above than I realised:Monday's close: 128.06p Capital only and including debt at par value 120.04p Capital only and including debt at fair value 130.81p Including current year income and debt at par value XD 122.79p Including current year income and debt at fair value XD Tuesday's close after massive market rally to all-time FTSE highs: 128.11p Capital only and including debt at par value 120.21p Capital only and including debt at fair value 130.88p Including current year income and debt at par value XD 122.98p Including current year income and debt at fair value XD By Wednesday: 127.66p Capital only and including debt at par value 119.89p Capital only and including debt at fair value 130.44p Including current year income and debt at par value XD 122.68p Including current year income and debt at fair value XD Equivalent for SHRS (top line only): 254.44p 258.01p 256.32p For MRCH, again just one figure for comparison: 489.63p 497.6p 495.04p So over 3 days (with the ftse's monster day in the middle) there were rises of 0.74% for SHRS, 1.1% for MRCH (benefitting from not having the fixed interest exposure of SHRS) and...a fall for BIST, continuing a long-lasting theme. |
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