We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Last trough concluded with major uptrend line, which is bullish . Also the Relative strength indicator is above 50 on the weekly and daily charts, which is bullish . The RSI, has made bullish positive divergence. However there is a major down trendline at 118, and the sp, would require to rise above that price which also coincides with a recent weekly high price, before there can be significant move upward .
...in this dreadful market my quite large holding here over many years was showing an ever-decreasing profit and much else losses so I sold before the budget and split the proceeds between LGEN and AVIV which I already hold. It was common knowledge the Tory Budget would benefit them and their divi season is soon. Sorry but needs must!
We can't increase the dividend. The whole point is the spending transition and until that happens the dividend will not grow that much. Those wanting an income can buy BRWM.
The share price fell unfairly on Friday. Other than GLEN the other holdings held up well.
RyeSloan - I hold just like you and totally agree with your sentiments. I have been waiting for over £1.50 to lighten the holding a bit and am frustrated, particularly with all the energy giants announcing juicy profits but I suppose it will be best part of a year before these translate into income for BERI and they will doubtless insist on 'smoothing'.
And they sure were!
Bit disappointing they didn't bump the div by 5-10% or so though as they have plenty in the reserve at about 1.2x annual div and only just made the 85% min payout by a couple of percent this year. I get they probably expect revenue to have peaked or certainly don't expect the revenue received to rise meaningfully from here and are possibly re-allocating to lower yielding assets in the portfolio but still I think the scope was there if they wanted to.
But overall this just feels like a handy place to have some funds allocated to. No idea what the SP will do from here right enough but have never held this as a trading share just a very long term hold....which brings me back to my whinge about the div as always nice to see a rising div on my long termers!
...early Feb. Should be pleasant!
The dividends from mining and oil I am sure will mostly get re-invested in the clean energy sector. BERI I hope is the most exciting fund for the next 5 years. China going back into lockdown may hit mining but the opposite is true. the oil sector is manipulated by OPEC (and NOPEC) and the clean energy part is an absolute must.
Probably not! But commodities strongly facied for growth next year so I shall cling on a bit longer.
...pay out much bigger divis now rising interest rates will not favour this type of investment?
They could easily afford a 50% hike but will they see this as important?
..no rns
...takes a long recession and much lower commodity prices as a given. Am tempted to argue with that and may well swallow more of these shortly.
it's on their website...28th June 122 odd...
not sure if RNS feed is working particularly well
Assuming no global recession otherwise divi yield not special since 85p not so long ago!
... these have become absurdly cheap, but the market is a quagmire right now.
...they have stopped the daily RNS with asset value. Anyone kinow why?
Only going to go higher and very probable increased dividend, One of my longest and biggest holdings!
"With that in mind, hold gold. Hold things that are seeing their prices rise from supply crunches, such as fossil fuels and commodities. And absolutely crucially, expect volatility — and regular recession scares. There was a lot of that about in the 1970s — and there is going to be a lot of it about in the rest of the 2020s.".
Current asset value still north of £1.32. Any increase make it even cheaper. This is being punted by day traders which is very unusual for an IT but accounts for the sharp movements of late.
...latest RNS? Normally more shares in issue is not a good thing.
...today. Great time to buy more.
"China’s Worsening Virus Threatens Commodities Supply and Demand"
"Widespread outages at metals processors, for example, could further lift markets that have already hit record highs in recent weeks because of the war in Ukraine".
"There’s also a flow-on risk for other commodities markets. Coal is China’s mainstay fuel and a key determinant of metals prices, which will only strengthen if the cost of production rises because of scarcity of the fuel".
Looks as if the energy side of BERI will rising even further. "Hedge fund manager Pierre Andurand believes supplies of Russian oil into Europe will disappear in the light of warmongering from Vladimir Putin, as many traders expect crude prices to reach as high as $250 a barrel this year".
...a lovely look to it. Glad my boots are full!!
lucky to buy in at the bottom of the recent dip a few days back. I top sliced my Blackrock World Mining BRWM so as to raise some funds. I liked the idea of having some fuel/energy stocks as part of the holding rather than BRWM pure mining aspect (though they have done very well, but may come off the boil in near future).
.... Should have much positivity.