Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock World Mining Trust LSE:BRWM London Ordinary Share GB0005774855 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.75p +0.22% 339.75p 341.25p 343.25p 341.50p 339.00p 341.50p 14,328.00 08:54:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 28.9 26.5 13.2 25.8 602.33

Blackrock World Mining Share Discussion Threads

Showing 2026 to 2045 of 2050 messages
Chat Pages: 82  81  80  79  78  77  76  75  74  73  72  71  Older
DateSubjectAuthorDiscuss
19/4/2017
15:17
After a strong start to the year, the mining sector has surrendered some of its gains owing to some profit taking. The sector had a positive reporting season with deleveraging emerging as the key theme, as improved commodity prices have allowed companies to significantly improve their balance sheets. For example, Rio Tinto and Glencore announced reductions in net debt of -30% over the last 12 months and -48% over the last 18 months respectively. Positively, the capital discipline story remained intact, with limited capex increases announced and management rhetoric still focusing on shareholder returns. Our view is that for now the pain of the recent down-cycle is too fresh and do not see companies falling back into old habits of poor capital discipline in the near-term. Many of the miners are now trading on attractive free cash flow yields, for example, Glencore, Rio Tinto and Vale (the Company’s three largest mining positions) are all trading on free cash flow yields of between 9% and 11%. The market does not appear to believe these yields are sustainable, with many still cautious of mining shares, but every day that commodity prices remain at current levels the miners are growing cash on their balance sheets. BHP Billiton, Glencore and Rio Tinto all announced sizeable increases in their dividends in the recent reporting season, less than two years after being forced to cut them, showing cash is being returned to shareholders. Looking ahead, we expect the mining sector’s performance to remain volatile but see the outlook as positive. The macroeconomic backdrop points to a stable to improving demand picture, whilst the underinvestment of recent years is constraining the supply side of the equation. Capital expenditure in the mining sector has fallen by two-thirds since the peak in 2012 and this is feeding through to production, with most mined commodities recording declines in 2016 versus 2015. China remains the key risk for investors in the mining sector and should sentiment deteriorate significantly again the sector would likely come under pressure.
neilyb675
18/4/2017
15:59
That's a big discount to NAV now..... DL
davidlloyd
18/4/2017
12:02
The unaudited net asset values for BlackRock World Mining Trust plc at close of business on 13 April 2017 were: 405.21p Capital only (undiluted) 410.72p Including current year income (undiluted) XD
neilyb675
09/4/2017
11:34
4.5% going forward, I d wager.
racg
05/4/2017
15:32
3.6% then. I expect that to rise as miners have recently started paying divis again or bigger dividends.
celeritas
05/4/2017
15:22
I think its a 13p divi for the year 2016 and that is expected to be at least maintained going forward.
mad foetus
05/4/2017
15:18
Whats the yield now?
celeritas
05/4/2017
15:15
bought back in, miners all up sharply today, this is 10p behind the curve.
mad foetus
05/4/2017
12:40
It is a growing dividend as miners are increasing their payouts to shareholders that is the main reason for me and the decent discount to NAV.
wskill
05/4/2017
10:41
Quarterly dividend here from now, good to stay in as a play on the miners without too much risk in one or two stocks, gold in the portfolio too as a hedge.
topazfrenzy
28/3/2017
17:36
Well under NAV here, a buy at these rates or at least a hold for the dividend IMO
topazfrenzy
22/3/2017
19:02
Sorry 335 limit order
action
22/3/2017
19:01
Buy order for 235 did not go through as if they see my limit buy order from my broker?
action
17/3/2017
13:47
The case for £5 here this year is intact IMO, way undervalued still.
topazfrenzy
16/3/2017
09:08
Sold the traders I bought last week. Bought them for 344, sold for 365 plus dividend to come, so not bad for a week's work.
mad foetus
16/3/2017
08:56
Worth emphasising that it's gone ex div today, so in reality share price is a further 9p ahead today
mad foetus
13/3/2017
21:53
Yes. They will open XD so Thursday's buyers buy without.
steve3sandal
13/3/2017
20:45
Quick question. Do I still get the dividend if I sell these shares on Thurs?
fenboy2
10/3/2017
15:42
I added too
s2lowner
10/3/2017
13:57
Miners all up, this should be 5p up today, not 5p down. Strong buy.
mad foetus
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