Blackrock World Mining Share Discussion Threads

[action] 06/4/2020 15:37

Unable to receive live quotes .

[action] 28/3/2020 12:03

Try to sell at lowest discount and buy at highest discount as per history below.

[action] 28/3/2020 11:34

BRWM current asset is 300p. Ie 11% discount. Highest discount 23%appxLowest discount 8% appx

[arja] 27/3/2020 15:03

davbebowler ,
not sure where you got your figures from as ADVFN shows well over 300 . seems to be a much bigger discount than normal as market so bearish

[action] 26/3/2020 10:49

20.56% correction

[action] 26/3/2020 10:49

Hl shows estimated value 319.61.Discount of 29.56%.

[davebowler] 24/3/2020 17:13

The unaudited net asset values for BlackRock World Mining Trust plc at close of
business on 23 March 2020 were:

276.50p Capital only (undiluted)
282.60p Including current year income (undiluted) XD

[fraser038] 23/3/2020 22:35

Not at the bottom yet. We could see sell orders below 160 before 2021.

[madengland_] 23/3/2020 15:33

This is a falling knife worth catching, but not brave enough to put my hands out quite yet.

[action] 23/3/2020 11:59

Newmount mining removed forward guidance.

[action] 17/3/2020 15:54

Mining and gold shares up . But look at BRWM price.

[action] 13/3/2020 12:54

The share price do not go up or down with underlying security. DYOR.

[johnhelme2704] 27/2/2020 19:05

end of year results published tonight...outstanding....dividend increased by 22% but just for this year (not year on year)...Funded by special dividends from constituents in portfolio

[andyj] 27/2/2020 12:48

Just goes to show that when panic hits the market, it does not matter where your money is.

[wskill] 18/2/2020 21:04

Over 30% in gold and precious metals will that include the diversified miners gold holdings maybe not but with gold now through 1600 this will suit me with the 5 percent yield.a safe haven could be .

[davebowler] 02/1/2020 15:57

Tipped here-

[davebowler] 18/12/2019 11:45

htTPs://www.blackrock.com/uk/intermediaries/products/investment-trusts/our-range/blackrock-world-mining-investment-trust/trust-information/insights/things-about-mining

[poikka] 04/12/2019 23:07

Moved up into the 350.

[essentialinvestor] 15/11/2019 11:53

Added.

Looks rather good value atm?

Barring a wider market correction.

[gateside] 14/11/2019 22:48

Ex Dividend next week on 21st November.Payment on 20th December.

[davebowler] 05/11/2019 17:18

HTtps://www.ii.co.uk/analysis-commentary/high-flying-sylvania-platinum-shares-still-full-optimism-ii509626?utm_source=IBMW&utm_medium=email&utm_campaign=ii_Afternoon_round_up_newsletter_051119%20%20B&utm_content=&spMailingID=7707327&spUserID=MTIxNjc2Mzk1NDM1S0&spJobID=1390486438&spReportId=MTM5MDQ4NjQzOAS2

[jonwig] 05/11/2019 09:25

I agree about the royalties investments, as they came unstuck with one a few years ago.

But yesterday I was talking to a broker who promoted them as having exposure to metals such as lithium for use in EVs. I can't corroborate that.

[jonwig] 05/11/2019 09:22

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

[kenmitch] 05/11/2019 09:00

Here’s Times link:-



Plenty of obvious plus points about BRWM in the Tempus article including 5.6% dividend and dividends increasing. Key negatives are Miles Costello (wonder how successful an investor he is?) is confident about worldwide slowdown, concerned about US/China trade war, and also underperforming benchmark, so it doesn’t float his boat.

I agree about taking little notice of newspaper share tips and advice. The tips are often based on broker comment and brokers are wrong more often than right.

Also note that Daily Mail City Editor is stuck with a large stake in Woodford’s suspended equity income fund and is angry with Hargreaves Lansdown for persuading him and many others to buy it. He also stressed re Woodford’s Patient Investment Trust that critics should note the key word...Patient, seemingly unaware of the many disastrous investments in it. With that limited competence why take any of his and similar often ill informed newspaper journalist advice seriously? As Mail City Editor failings show clearly, they are journalists and NOT investment experts! Ditto often inexperienced tipsters in Investment Magazines like Investors Chronicle. Some are first job after University! Simon Thompson is very good though, and brilliant at finding bargain priced shares. So if following newspaper/magazine advice check out the various writers and their investment record.

Obviously BRWM performance WILL be affected by negative US/China trade war news, but the prospects on that are 50/50 with it being in the interest of both sides to come to some sort of compromise in time. Ditto if worldwide slowdown, but again best to see how that pans out than sell BRWM now.

I’ve held BRWM since buying ahead of the worst of the falls in 2015, and then averaged down near the extreme low, and am very happy to continue to hold for now. BRWM is a great way to be exposed to the likes of RIO, BHO and other big miners imo.