Blackrock World Mining Share Discussion Threads

[neilyb675] 02/3/2018 18:33

Chairman purchase....

389.25p

x

20,000

[neilyb675] 26/2/2018 19:18

The Directors are recommending the payment of a final quarterly dividend of 6.60p per share for the year ended 31 December 2017. This, together with the quarterly dividends, makes a total of 15.60p per share (2016: 13.00p per share) representing an increase of 20.0% on the payments made in the previous financial year. The final dividend will be paid on 10 May 2018 to shareholders on the Company’s register on 23 March 2018, the ex-dividend date being 22 March 2018.

[madengland_] 14/1/2018 10:20

Year's Best Commodities Fund Is Betting on 2018 Mining M&Ahttps://www.bloomberg.com/news/articles/2017-12-29/year-s-best-commodities-fund-is-betting-on-mining-m-a-in-2018

[neilyb675] 11/1/2018 17:58

After two strong years, investors that have not been exposed to mining may now be questioning if they have missed the opportunity. We are, however, still a long way below the peak in 2011 and the sector continues to trade at a valuation discount to broader equity markets. Meanwhile, the miners are trading on very attractive cash flow multiples with Glencore, BHP and Rio Tinto all currently trading at forward free cash flow yields of around 10%, for example. For the mined commodities, in most cases, we believe they look reasonably fairly priced and so our base case is that they remain relatively range-bound at current levels which sees healthy profitability for the sector. Crucially, however, mining equities are still pricing in commodity prices well below current spot prices and, as such, we are constructive on the shares but neutral the commodities themselves. Many still distrust the miners, expecting them to make the same mistakes of the past in terms of poor capital discipline. Our view though is that the pain of the recent down-cycle is still too fresh in the minds of management teams for this to become a widespread issue in the near-term. We have begun to see moderate increases in sustaining capex announced but we believe for the most part these have been necessary increases rather than indicative of a widespread return to poor capital discipline.

[aishah] 08/1/2018 17:43

The outlook for miners remains "compelling", analysts at Barclays told clients, pointing to a raft of positive drivers for the sector.

Included among those were the strengthening macroeconomic backdrop, limited capital outlays, volume and mergers and acquisitions responses to higher prices from companies, strong earnings momentum and cash generation.

But according to Barclays the list of supportive factors didn't stop there, with the analysts going on to mention: rising returns on capital, under-leveraged balance sheets, cheap valuation multiples at current commodity prices and light positioning.

In their view, all of the above created "conditions for continued outperformance".

Copper, aluminium and gold were the broker's preferred commodities for 2018

[neilyb675] 28/12/2017 16:26

The unaudited net asset values for BlackRock World Mining Trust plc at close of
business on 27 December 2017 were:

442.89p Capital only (undiluted)
449.40p Including current year income (undiluted)

[neilyb675] 27/12/2017 10:39

Well spotted. Glad someone else on same page as me.

I topped up recently at 3.6155.

Also div reinvested at 3.90.

Easy hold and add.

[wskill] 27/12/2017 10:16

441p NAV seems undervalued at present share price discount above 15% .

[neilyb675] 14/12/2017 19:51

The unaudited net asset values for BlackRock World Mining Trust plc at close of
business on 13 December 2017 were:

413.26p Capital only (undiluted)
419.02p Including current year income (undiluted) XD

[neilyb675] 05/12/2017 21:04

The unaudited net asset values for BlackRock World Mining Trust plc at close of
business on 4 December 2017 were:

407.51p Capital only (undiluted)
413.01p Including current year income (undiluted) XD

[my5harebox] 01/11/2017 12:21

Added a few today. Seems to be lagging its constituents.

[racg] 27/10/2017 08:33

Cash generation ! Market will continue to rerate back to normal valuations.

[flying pig] 26/10/2017 15:18

Racg
Why?

[racg] 16/10/2017 07:59

2018 will be the year we break ground at £5

[flying pig] 03/10/2017 17:50

A full disclosure of portfolio investments for the BlackRock World Mining Trust
plc as at 30 June 2017 has been made available on the Company's website at the
link listed below

hxxps://www.blackrock.com/uk/individual/literature/policies/
bwmt-portfolio-disclosure.pdf

Worth a look

[foxy22] 06/9/2017 10:54

Big drop...worth getting. Into

[neilyb675] 03/9/2017 22:28

£4+ by Christmas

[racg] 22/8/2017 14:23

Anyone remember this is the high hundreds? Seems so long ago, but it wasn't. :)

[racg] 22/8/2017 14:21

Go go BRWM!:) :)

[aishah] 22/8/2017 12:46

Added more at the open.

[seroserio] 11/8/2017 10:34

not seen one flagged on my provider neily -strange -seen now from top of thread though, thanks. Good opportunity today :-)

[danieldruff2] 11/8/2017 06:17

Then you too, could afford a scraggy beard

[racg] 11/8/2017 04:42

I don't need to. That 3p divi is going to make me richer than Alan Sugar.

[neilyb675] 10/8/2017 20:10

read todays RNS