Blackrock World Mining Share Discussion Threads

[jonwig] 07/1/2021 10:35

SP blue, NAV cerise.

[crazycoops] 07/1/2021 10:04

When was the last time BRWM was trading at a premium to NAV?

[davebowler] 07/1/2021 09:49

net asset values for BlackRock World Mining Trust PLC at close of
business on 5 January 2021 were:

561.02p Capital only (undiluted)
569.50p Including current year income (undiluted)

[madengland_] 06/1/2021 15:46

Thanks will take a look

[spangle93] 06/1/2021 15:45

I'm also in GPM for that reason, madengland, but haven't been in long enough to assess how decent it is.

[dogwalker] 06/1/2021 15:41

TIR, may suit. Not sure whether 'decent' though.

[madengland_] 06/1/2021 15:09

Hopefully we should see a flurry of divi growth when majors start reporting. Anyone know of any decent Trusts that have a basket of explorers and juniors?

[madengland_] 05/1/2021 12:13

Indeed. Iron ore is marching North, as are most industrials. Am guessing the nav will be a good 4% higher today after yesterday's moves BHP etc

[poikka] 05/1/2021 11:52

As far as I'm aware, BRWM don't hold Ferrexpo, but mention it as a hopeful sign.

[poikka] 05/1/2021 11:32

"Iron ore miner Ferrexpo rose 2.3% after announcing plans for 13.2 US cents special interim payout.

"The special interim dividend announced today reflects the strong operational and financial performance of the group in 2020, and strong balance sheet," the company said.

In respect to the 2020 financial year, Ferrexpo has declared 33.0 cents in dividends, up two-thirds from 19.8 cents. It will consider a final dividend ahead of reporting on its 2020 results in March."

Signs of things to come?

[madengland_] 04/1/2021 15:25

Despite my teenage kids assertions I still feel young and progressive.... clearly not. I hadn't looked at Ruffer for a few years but I am guessing the objectives remain capital protection and a return that beats inflation? I feel very uncomfortable with Bitcoin. Maybe I am old

[jonwig] 04/1/2021 15:19

Ruffer IT (RICA) bought a position in Bitcoin recently - it's going great guns.

Inflation fears - yes!

[poikka] 04/1/2021 15:17

Furthermore, gold mining stocks are paying increased divis.

[madengland_] 04/1/2021 15:10

Apparently inflation driven..... Bitcoin price surges past $34,000 for first timehttps://www.thetimes.co.uk/article/bitcoin-price-surges-past-34-000-for-first-time-lvfwsjxln

[madengland_] 04/1/2021 14:59

Well you never get poorer taking a profit for sure, although a read of the strategy and outlook statement from BRWM 21/12 is to me more use than IC comment. Personally still think I'd keep riding this even if I was lucky enough to to be in sub 300p. If the nav discount opens up on my current world view I'd consider adding

[jonwig] 04/1/2021 14:33

madengland - I think the point of IC is to follow their reasoning rather than their final "call".
I read the article too, and think "taking profits" doesn't mean selling out, just reducing. That might make sense if you bought under 300p.

[davebowler] 04/1/2021 13:14

The unaudited net asset values for BlackRock World Mining Trust PLC at close of
business on 31 December 2020 were:

525.20p Capital only (undiluted)
533.61p Including current year income (undiluted)

[madengland_] 04/1/2021 10:00

IC aren't exactly renowned for their calls. Looks to me that it's way to early to suggest selling into this rally in miners it could have a good more space to go. Strong balance sheets, good yields and infrastructure and industrial needs plus central banks printing. Quite happy owning a diversified basket of stuff in the ground. GLA

[digitaria] 03/1/2021 13:30

BRWM is not all about precious metals. It has greater exposure to diversified mining companies. Its income will lack special dividends from the big miners, assuming those do not pay specials in the near future, but FWIW the expected yields from RIO and BHP remain higher than the yield from BRWM. Regarding valuation, BRWM remains at a small discount to NAV, though in fairness that discount was much larger in the past.

[xtrmntr] 02/1/2021 14:37

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.

[poikka] 29/12/2020 14:40

"Longer term, we expect commodity supply to be constrained by the
underinvestment of recent years and continued capital discipline. Meanwhile,
commodity demand should continue to be buoyed by increased global
infrastructure spend as governments seek to kick-start their economies. Longer
term, we also expect the transition to a lower carbon global economy to also
support demand for certain mined commodities.

Turning to the miners, balance sheets are in strong shape, whilst earnings and
dividends are rising. Meanwhile, we see strong arguments for inflation
exceeding current expectations and, historically, the mining sector has
performed well on an absolute basis and relative to broader equity markets
during periods of rising inflation. We maintain a quality bias in the
portfolio, with a focus on companies with stronger balance sheets and lower
costs."

[davebowler] 24/12/2020 13:52

net asset values for BlackRock World Mining Trust PLC at close of
business on 23 December 2020 were:

525.52p Capital only (undiluted)
533.02p Including current year income (undiluted)

[tonytyke2] 16/12/2020 13:28

Just to say Hello to you guys.......

I am also invested here and £ overweight in the commodities sector, have CYN also. Invested for many of your reasons highlighted above....hedge, dividend, value etc.

Already have a number of value & infrastructure funds/trusts, but now also overweight in the renewables/clean energy space.

Have a good Xmas and good luck with your future investments!
TT