Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Olda,
Looking good for BERI now after long time in doldrums. I've just sold out of here due to the falling divi yield and split the proceeds 3 ways. Part in ASEI - general fund with 6.6% yield, part in RDSB for recovery play, and part in CEY for exposure to gold/mining sector. Will be interesting to see which works out better over time. Hopefully I will come back to buy here when the SP drops, as it has been on a tear since 60p a few weeks ago.
Good luck with your holding
Cheers - CSDI
...comes around. Time for BERI to have its time in the sun at last. I am in no rush to sell/
After a quick jump past 80p, I sold my remaining shares for 81.2p this morning, to give me a nice 20% return on this original investment, due significantly to the 1p per qtr divis accumulated over last 18 months. This may be a premature action, but happy to lock in the profit and reinvest part in a diiferent fund - ASEI - which yields a bit more than this one now (6.6% vs 5%).
Cheers - CSDI
Following its recent climb from 60p at end of October, I have taken profits on just under half of my holding. A nice gain of 14% including the divis. Still left some skin in the game (approx 7% of my SIPP) and will review again if SP gets to 80p. The spread on this share is quite significant some days, but tends to narrow later in the day from what I have seen.
Hi Folks,
Pleased to see that I have managed to get above the break-even line with this one. I have average cost of 72.5p.
with the divis received on 3 batches of 7p, 6p and 5p as bought at diiferent times, I am now 12% in profit.
This share was bought as part of my "HYP" for income in my SIPP.
When I buy for a trade my target is normally 10%, with the idea of rinse and repeat over a short period as possible.
Hopefully the SP can keep going for a while, but like gravity we all know it will come down at some point.
I would like to have a target price in mind to lock in any profit.
Any ideas at what level ?
If China keeps moving forward this has some legs left, but does lag the related BRWM trust.
Cheers - CSDI
Historically this has roughly traded between 10-15% discount to NAV. A similar discount to that of its larger stable mate BRWM. The renewed interest in metals & mining (esp copper) has seen BRWM discount narrow to around 5%. The refocusing of BERI away from carbon should assist the market’s perception of the Trust and I suspect we may see the discount narrow to between 5-10% which would imply a share price 74-78p. The exposure away from large oil may eventually see a higher payout in a few years. The energy transition starts and ends with metal !
GLA
Nice timing Mr T-of-D,
with it breaking a new 52 week high, is that not a good omen for some more rise to come ?
I am just glad to be back to break-even since buying in Q1 and Q2 2019. The divi puts a thin layer of icing on top for now.
Will commodities not continue to rise as we get back to work slowly, with China steaming forward.
Any chance it can run back to 80p plus levels, last seen in mid 2018 ?
I'm now clear here as of today .... 5.4% yield is not great in the current market .... bought a shed load at 45p and 50p had a couple of dividends these past 6 months ....
Copper and metals are flying but time to rotate out of here ... I will be back at a more attractive price.
GLA
GLA.
I bought in September at 65.0p this gives me 8.25% profit. I have bought as a long term dividend payer that diversifies my portfolio. They company is moving more towards renewable energy sources so there is scope for long term growth.
BERI has a good run with market since the end of October. A nice divi of 4p p.a offers a yield around 5.7%. With the NAV above 80p currently, there is a 15% discount if the NAV is correct.
Unusually for me, this holding has just gone above break even. I bought 3 bacthes bw March and July 2019 at average cost 72.5p, so with dividends of 7p, 6p, and 5p so far on my purchases, that puts me in a small profit.
Question is - what should my target price be ? as my normal target is 10% on a trade batch, but do not have target for this core holding. Certainly hope for a nice run until year end, wishing for a Santa Rally. Loking at the long term chart, this got to 193p back in 2008 before the Crash. Can't see that sort of price coming back, but like to have a target in mind.
In weekend FT back page. Says they are wildly too low! Someone has taken her at her word! Chart now bullish at last.
...why have the daily net asset value RNS's stopped at 13/11/20?
Next two dividends already covered .... to boot.
Still well below NAV. Diversified portfolio not dependent on any one company
What an excellent report
.... and next dividend covered C/O HMRC with £ collapsing ..... thanx Brexiters (sarcastic clap)
Excellent news ..... £1 Million quid should buy back a few shares .... rock on tommy.
:)
Grabbed some more first thing at 50p .... next divi looks covered ... bargain.
Lucky trade yesterday getting 54.6 p back in 50p .... sour UK market keeping this low ....
This fund invests in the miners as well as in the oil companies and the miners benefit from cheaper oil. Stock is at bargain level could temporarily go lower because of oil price but lot of rebound space here ahead.
Just doing a bit of research into BERI. Out of the top 10 holdings, First Quantum Minerals seems rather large and stands out a bit as a left field pick to an untrained eye. Anyone able to share any history/thoughts as to why it is such a large holding ?
Burst like ruddy balloon!
Not so sure now. Was 14.7% geared which is bad news in a dip. May have reduced gearing but is probably needed to maintain the dividend, because selling funds to lower gearing means the stock sold will yield zero. Will wait rather than buy or sell, unless SP falls further.
Discount to already hammered prices - as close to a no brainer as you're likely to get unless you think the world is coming to an end !
I have been topping up daily - thinking long term and collecting the dividends along the way !
May top up if fall continues.