Blackrock World Mining Investors - BRWM

Blackrock World Mining Investors - 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 Last Trade
-6.00 -0.99% 602.00 16:29:47
Open Price Low Price High Price Close Price Previous Close
620.00 600.00 620.00 602.00 608.00
more quote information »
Industry Sector

Top Investor Posts

madengland_: Tempus possibly a bit late to the table with a recommendation? Long term good fund in a sector with potential, but luring retail investors in at this entry point? Hmmm got to question that one. Somewhere above but close to 500p with a small discount to nav and a little more visibility of post Covid world. More ducks need to line up to carry this higher. Frothy at present imo
kenmitch: Brucie5 My thinking fwiw is that now is a bit late to be buying in to the Mining sector. There could well be further possibly substantial gains, but the gains have already been huge and the fab big buy opportunity has gone. Even so RIO is well worth considering.Good chance of dividend increase too. The 3 main Investment Trusts CYN, BERI and BRWM have all doubled or more since this time last year. So CYN dividend now 4.3% was 8.6% a year ago. Ditto BRWM just 3.4% now and 7% then and BERI 4.3% now and then 8.5%. BRWM discount has gone but BERI still 6% and CYN (less mainstream) 15%. Hard to choose the best of the 3 but BRWM is a good way in to a bit of RIO and BHP, their two largest holdings. EVRAZ (Stockopedia 98) 597p divi 8.9% is worth a look. But again it’s up 150% in a year 600% over 5 years. Still even after the big gains a big dividend. It’s just gone ex dividend unfortunately. FXPO 353p(Stockopedia 98) Dividend 6.8% excluding frequent specials. Results and perhaps another special, next week. But up 300% since this time last year and multi bagger over 5 years. CAML 256p (Stockopedia 94) Results soon. Dividend 4.74%. Possible increase. But yet again has doubled since this time last year. The gains show why though liking the likes of JAY too it’s best not to lift other gift horses in the mouth while waiting endlessly for progress from early stage Miners and early stage shares in general. For some reason a lot of private investors are addicted to hope shares. This applies to shares like EDEN. Fans have been certain of real progress for around 20 years. They miss a lot of MUCH better investment opportunities while waiting and don’t seem to realise that even FTSE100 shares and also Investment Trusts can, and do, multi bag. And some posters on such shares (not you Brucie!) won’t tolerate a word said against them. Sorry this reply isn’t much use and is off topic, but the few readers of this thread might see something that looks worth checking out, or thinking about.
poikka: Add to scenario nr.2 - pressure on Taiwan will include sailing naval vessels in Taiwanese waters - "watcha gonna do about it". Why am I interested in what's happening in the FE? Because I'm an investor and take note of anything that might affect my holdings.
madengland_: Stimulus paying dividends for mining stock investors
xtrmntr: From this week's IC.Trusts including Golden Prospect Precious Metals (GPM) and BlackRock World Mining Trust (BRWM), have made huge gains amid the gold rally of 2020. Here, there are strong arguments for taking some profits. With a vaccine on the agenda and investors feeling less risk-averse, for some the precious metal and other safe haven assets should lose some of their appeal. As Mr Moore notes, precious metal markets can be "notoriously fickle" – and the huge volume of money sitting in gold exchange traded funds (ETFs) could go elsewhere, hurting prices. However, some would argue that gold remains a good hedge against any return of inflation or future market volatility.Analysts at Stifel used a note issued in early December to make the case for taking profits on BlackRock World Mining Trust . While this was partly on valuation grounds, they also warned that a fall in special dividends received by the trust in the first half of 2020 could prompt its board to cut the dividend. The trust's shares recently traded on a dividend yield of 4.4 per cent.
jimcar: On a webinar today Monks IT (run by Baillie Gifford and classic growth investors) said they had just bought RIO and BHP, based on infrastructure spending and constrained supplies.
poikka: and... "Goldman Sachs expects gold to break out of its narrow trading range and soar through 2021 as the coronavirus recession gives way to higher inflation. Bullion has hovered around $1,900 per ounce after its summer rally to record highs fizzled out in August. US election uncertainty fueled a brief rally, but new hope for a virus vaccine pushed investors out of safe havens and into riskier assets. In the near term, gold doesn't have a clear catalyst to lift or drag on prices, analysts Mikhail Sprogis and Jeffrey Currie said. Yet the precious metal is poised to break out in 2021 as inflation concerns take center stage, they added. Goldman holds a $2,300-per-ounce price target for gold, implying a 22% rally from current levels over the next 12 months. Such a bounce would also place bullion at an all-time high."
poikka: Still a solid bet. ""The shiny metal has fallen out of favour because of reduced demand for haven assets as investors look forward to more normal times ahead in 2021 with the developments of the vaccines," ThinkMarkets analyst Fiona Cincotta said, but added the precious metal's outlook is not all gloomy. "With a recovering global economy, jewellery demand should pick up to offset some of the weakness arising from the investment side. Inflation is expected to pick up sharply if the global recovery accelerates. This should be good news for gold, traditionally a good inflation hedge."
davebowler: Tipped in the Investors Chronicle today - ...A way of getting some gold exposure but at a significant discount is via BlackRock World Mining Trust (BRWM), which had a 34 per cent allocation to gold stocks and bonds at the end of June. The trust holds the likes of Newmont Mining, Barrick Gold, Wheaton Precious Metals and gold-focused royalty specialist Franco Nevada – all of which have made strong gains this year. Commodities can be notoriously volatile, but the trust's shares traded on a 10.9 per cent discount to net asset value (NAV) on 18 August, with a 5.3 per cent dividend yield. While there is no certainty this dividend will be maintained, so far this year the board has paid its first half-year dividend of 4p a share, in line with last year, and stated its intention to continue this for the next two quarters...
davebowler: Stifel; BlackRock World Mining - NAV benefit from tax reclaim Adjustment: The Trust is pleased to announce a positive adjustment of 31 basis points to the NAV as at 18/08/20 due to the recognition of an expected receipt of tax reclaims for a value of £2,560,568 on foreign income in the Company’s accounts. BlackRock World Mining - interims to 30/06/20; H1 dividend maintained Stifel View: Given the market background, it was good to see the NAVTR actually going up over H1 2020, with this also being well ahead of the reference index. There was quite a sharp fall in the revenue EPS, which was down -23% over H1, reflecting lower dividends receivable. Despite this, the H1 total dividend was 8.0p, which was maintained at the same level as in 2019. The board do not make a forecast for the full year dividend to 31/12/20. However, last year there was 3.8p of revenue that reflected special dividends, whilst this year the income from special dividends has fallen significantly. Last year's total dividend was 22.0p, but the trust does not have a progressive dividend policy, so clearly the dividend paid could be reduced in 2020. However, even if it was cut to 18p, for example, the dividend yield remains a relatively high 4.3% and the shares offer reasonable value on a c.12% discount. We maintain a Positive recommendation. (Analyst: Iain Scouller) Performance: The NAV TR was +3.4% and the share price +3.7%. The Company’s reference index, the MSCI ACWI Metals & Mining 30% Buffer 10/40 Index (MSCI ACWI) returned -0.7%. The Company’s strong relative result compared with most other sectors has been as a result of its exposure to highly cash generative companies such as iron ore producers, as well as to gold miners which have continued to sell production at gradually rising prices. Revenue: Earnings amounted to 8.8p (H1 2019: 11.4p), a decrease of -22.8%. Only four special dividends totalling £330,000 were received in the period under review, whilst six special dividends totalling £10.2 million were received during the corresponding six-month period in 2019. Some of the mining companies in the Company’s portfolio are well-positioned on the dividend front, given their balance sheet strength and free cash flow generation. Dividends: A first quarterly dividend of 4.0p was paid (2019: Xp) was paid second quarterly dividend of 4.0p will be paid on 25/09/20, ex-dividend date 27/08/20. Leverage: At 30/06/20 leverage was 9.8% and maximum leverage during the period was 15.6%...... BlackRock World Mining…continued Outlook: The manager says "Unlike in previous periods of economic disruption, the mining sector has fared much better largely due to the time spent rebuilding the businesses post the 2015 low. With first half results highlighting the strong cash flows and decent yields, there is the prospect that those investors looking for quality equity income investments rotate into the resources sector allowing the consensus underweight positions to reduce. If this happens, the shares are likely to rerate towards historic multiples delivering material upside from current levels. Historic data shows that the largest and most consistent contributor to total shareholder returns in the mining sector comes from dividends. With this in mind, it is the aim of the Company to maximise the opportunities to enhance the yield of the portfolio to allow the Company to deliver a superior total return for its shareholders through the cycle."
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