Blackrock World Mining Dividends - BRWM

Blackrock World Mining Dividends - BRWM

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Blackrock World Mining Trust Plc BRWM London Ordinary Share GB0005774855 ORD 5P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
16.00 4.68% 358.00 354.00 358.00 356.00 342.00 10:14:04
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Industry Sector

Blackrock World Mining BRWM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

action: Mining and gold shares up . But look at BRWM price.
action: The share price do not go up or down with underlying security. DYOR.
jonwig: Tempus article: The mining industry tends to be highly susceptible to the shifting patterns of macroeconomics, changes in global trade and, in particular, fluctuations in the prices of commodities. It’s no surprise, then, that the share prices of the world’s miners have been squeezed from time to time by the arm-wrestling over trade between America and China. Their tit-for-tat tariffs pose a clear threat of higher costs to mining companies as they send their products to these two vast, key markets. Yet the sector has its fans — devoted ones, too, who enthuse about the mining giants’ increasingly strong cashflows and balance sheets. And it is not only the miners that boast such support. If you are focused on the sector, you are not going to be friendless. Take Blackrock World Mining Trust. Established in 1993, in broad terms this investment trust offers a way for shareholders to tap into a diverse collection of mining and metals assets and to benefit in terms of capital appreciation and a pretty generous dividend yield. Where it differs from others is in its tendency to gear up its stakes in favoured companies by buying their debentures or paying royalties to receive a share of the revenues from specific mines. For example, it has acquired the rights to income from two iron ore deposits in Brazil operated by Vale, and has a similar arrangement with Oz Minerals, based in Australia. Although it invests predominantly in listed stocks, the Blackrock trust also invests in private companies, fixed-income securities and in physical metals. Otherwise, and for obvious reasons, Blackrock World Mining Trust’s biggest exposure is to diversified miners, or those wide-reaching companies that refine commodities as well as excavate them. Companies such as BHP, Rio Tinto and Anglo American together accounted for almost 39 per cent of the portfolio at the end of September. And there is no shame in that — it is an approach that should generate resilient earnings. The trust’s managers argue that they are also in a strong place to quickly shift the emphasis, and to that end they have increased their position in gold to the extent that gold producers accounted for 23.8 per cent of the portfolio on September 30, up from 13 per cent a year earlier. The flexibility of this investment trust has not stood it in particularly good stead in terms of performance. While it has recently begun to trade ahead of the Emix Global Mining index, its reference benchmark, it has underperformed over one, three and five years, assessed on share price and changes in net asset value. The trust remains convinced about the merits of the sector, many of whose member companies have stronger balance sheets, higher cash-generating abilities and, as a result, a greater propensity to pay very large dividends than investors have given them credit for. It is convinced that a revaluation of mining stocks is on the cards. Nevertheless, the backdrop is not great. There have been tentative signs of peace between Washington and Beijing, but it is early days. Even if the global economy were to avoid a recession, it is certainly heading for a slowdown, which is likely to have implications for demand. Energy costs are on the way back up. The shares, which closed 10p, or 2.9 per cent higher, at 354p yesterday, are at a discount to its net asset value per share of about 12 per cent, which it is hoped will narrow, based on its consistently improving dividend. The shares yield a rich 5.6 per cent, but have not managed to tempt this particular onlooker. ADVICE Avoid WHY Interesting and diverse portfolio, but performance has been patchy and the worldwide economic backdrop is unappealing
wskill: 441p NAV seems undervalued at present share price discount above 15% .
wskill: NA value back to 350p that's a decent discount with the share price at 301p.
encoma16: Latest net asset value is 342.97. Share price to net asset value is therefore standing at just over 80%. This for several months was pretty constantly fixed at 85%. There has been a decent uplift today in the share prices of Rio Tinto, BHP Billiton and Glencore. Taking this into account, the current share price should be in the 290's.
aleman: Share price gone wrong way again, today? The Mining Index closed up - just. free stock charts from
aleman: The Mining Index closed up 8.4% today, so it is quite possible that the discount expanded today despite the strong rise in the share price. First Quantum Minerals closed up 29.6%. It was 5.2% of the portfolio at the last monthly update.
rcturner2: racg, the fact that you think the share price is "absolutely shot" speaks volumes. I wish you well, I hope for you sake this does not tank further. However the effects of negative gearing have not yet applied to the miners, there is plenty of downside here. I would call the BRWM share price "dangerously high" and the risk is far more on the downside. Ignoring long term trend and momentum is a massive mistake.
aleman: I have a good record with individual companies (though plenty of mistakes still get made) . My record with sectors through investment trusts is much more patchy, although I made a great deal of capital and a huge increase in income jumping heavily into high yielding smallcaps in thw winter of 2008/9 when similar things were being said about them as are now being said about miners. I can;t know where the bottom is but, if I am buying for yield, it matters less. The historic yield here is 12% but that is clearly not the prospective yield and the price is adjusting. I'm guessing at a cut to 15p but the share price is indicating a cut to more like 8p. I think the share price is wrong. Options income will probably cover 4-5p. Will the dividend element fall from 18p to about 3-4p? It seems unlikely to me. If it halves to 9p, then you still have a 13-14p dividend with the option income added on and that's a prospective yield of about 7.5% at the current 179p. I think there is way too much pessimism out there and I think there is excess speculation ahead of the Fed meeting. Long $ and short commoodities is being reported as being a very crowded trade at the moment and there are signs that many miners are making the necessary cuts to production. A few small ones going bust will be a bonus to BRWM holdings. We must be getting close to that now.
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