Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock World Mining Trust Plc LSE:BRWM London Ordinary Share GB0005774855 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 477.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
476.50 477.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 46.51 43.92 22.46 21.2 828
Last Trade Time Trade Type Trade Size Trade Price Currency
09:52:47 O 848 468.35 GBX

Blackrock World Mining (BRWM) Latest News

Blackrock World Mining News

Date Time Source Headline
02/12/202013:38UKREGBlackRock World Mng Net Asset Value(s)
01/12/202012:17UKREGBlackRock World Mng Net Asset Value(s)
01/12/202009:59UKREGBlackRock World Mng Total Voting Rights
30/11/202011:25UKREGBlackRock World Mng Net Asset Value(s)
27/11/202011:37UKREGBlackRock World Mng Net Asset Value(s)
26/11/202013:50UKREGBlackRock World Mng Holding(s) in Company
26/11/202011:22UKREGBlackRock World Mng Net Asset Value(s)
25/11/202013:14UKREGBlackRock World Mng Net Asset Value(s)
24/11/202012:16UKREGBlackRock World Mng Net Asset Value(s)
23/11/202012:30UKREGBlackRock World Mng Net Asset Value(s)
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Blackrock World Mining (BRWM) Discussions and Chat

Blackrock World Mining Forums and Chat

Date Time Title Posts
02/12/202016:29Blackrock World Mining Trust2,262
28/2/201010:25Two Great Resources Investment Trusts.16

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Blackrock World Mining (BRWM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-12-02 17:19:50477.02154734.62O
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Blackrock World Mining (BRWM) Top Chat Posts

Blackrock World Mining Daily Update: Blackrock World Mining Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BRWM. The last closing price for Blackrock World Mining was 477p.
Blackrock World Mining Trust Plc has a 4 week average price of 414p and a 12 week average price of 379.50p.
The 1 year high share price is 477.50p while the 1 year low share price is currently 208.50p.
There are currently 173,605,020 shares in issue and the average daily traded volume is 976,864 shares. The market capitalisation of Blackrock World Mining Trust Plc is £828,095,945.40.
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."
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."
poikka: BRWM has negligible amount in silver (30/6), but can invest up to 10% directly in precious metals.
poikka: keeping in mind, of course, that BRWM does NOT have a progressive dividend policy.
wskill: davebowler BRWM is still a great way to get gold exposure and a decent yield over 5% ok around 30% in gold I have been topping up at these prices .
davebowler: Amazingly after its impressive rise, BRWM is now 50% below its all time high!
investor73: Gold shares in the trust are up around 5% today. Should reflect in the share price tomorrow.
action: Mining and gold shares up . But look at BRWM price.
jonwig: 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
Blackrock World Mining share price data is direct from the London Stock Exchange
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