Blackrock World Mining Share Discussion Threads

[boadicea] 14/3/2016 11:09

I held these many years ago as MWMT (Mercury WMT) and made a good profit then. Bought in again about a month ago as I thought the mining sector had reached a bottom. Safer in a trust as many individual miners are in a precarious financial position and there was the additional value margin given by the trust discount.
Needless to say I am quite happy so far - just sorry I didn't get more ~190p at the time.

[racg] 14/3/2016 09:20

Yeah I take it on board, looking strong this morning!

[boadicea] 14/3/2016 06:02

racg - Why spend e.g 100 pds on more shares when they will only become valued at 85 pds in the share price of the trust?
Far more beneficial to buy their own shares and effectively get 100 of underlying assets for 85 pds.
That also tends to reduce the discount giving a further gain for holders.

[racg] 12/3/2016 18:36

On balance I feel it is always better to either distribute excess cash or reinvest, not on share buy backs but as long as they only spend a little I m agnostic. A million GBP here or there won't make much difference either way considering the size of the trust.

[ceaserxzy] 12/3/2016 18:13

Nothing wrong with buyback at a big discount. They could sell down some of their holdings to buy back, not using the revenues, if buying your own shares is better than buying other company shares why not.

[racg] 12/3/2016 16:55

Mmmm, it's entering an interesting chapter I feel.

[brucie5] 12/3/2016 15:50

Looks quite strong. Unless the financial system is truly collapsing, and commodities with it, this looks like being an opportunity for the medium long term.

[racg] 12/3/2016 01:01

Mmmm another buy back, they seem awful free with using the income internally at the moment. Rather they distributed it back to me!

[brucie5] 10/3/2016 18:17

Thanks, Gym.

[aleman] 10/3/2016 16:52

Discount seems to be dwelling around 15% judging by yesterday's closing numbers.

[gymratt] 10/3/2016 13:01

hxxp://citywire.co.uk/money/investment-trusts/investment-trust-factsheet.aspx?FundID=2799

[gymratt] 10/3/2016 12:57

Brucie,
Here's a link to a pie chart on iii showing they have 20% gold, 16% other and 13.90 precious metals and stones..

That didn't work for some reason but see the next post..

[gymratt] 10/3/2016 12:47

Just had another little 'nibble '..1121 showing as a sell.

[brucie5] 09/3/2016 20:10

rogerbridge 9 Mar'16 - 09:53 - 1720 of 1723 0 0

Nice to see we have a third of the portfolio in gold and precious metals
----------------------------
Yes, very interesting. Since when, and where did you find this info, Roger? I'm particularly interested to know if this is a recent development.

[racg] 09/3/2016 17:57

Interesting they ve made a purchase of their own shares, after having cried off the idea in previous communications to the punters.

As it is at a substantial discount to NAV, I guess it is all to the good.

Whether it succeeds in narrowing the size of the discount - is an altogether different matter.

[aleman] 09/3/2016 16:34

Mining Index been up a bit, down a bit and up a bit again. Up 0.16% near close.

[rubberbullets] 09/3/2016 15:27

mining index tanking

[rogerbridge] 09/3/2016 09:53

Nice to see we have a third of the portfolio in gold and precious metals

[aleman] 09/3/2016 09:48

Base metals seem to be turning up again this morning after a couple of days of slight falls. Still generally at 4-7 month highs and looking like pushing on. Mining Index +1.0%. Correction over?

[sledin] 08/3/2016 20:56

Divi of 14p, worth 6.37% at toadys close, ex-div 24th March.

[smurfy2001] 08/3/2016 20:45

OK l found more info here,

[smurfy2001] 08/3/2016 20:42

When do they pay a dividend and what is the amount?

Didn't find any information here,

[bigbigdave] 08/3/2016 17:51

Miners overbought I think Aleman, AAL,GLEN etc up massively in a just few weeks so hopefully just a healthy correction!