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Started: stargate, 4 Jul 2023 08:32
Last post: stargate, 4 Jul 2023 08:32
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 .
Started: oldbutnowisa, 16 Mar 2023 17:10
Last post: oldbutnowisa, 16 Mar 2023 17:10
...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!
Started: oldbutnowisa, 18 Jan 2023 09:19
Last post: Danger_Mouse, 11 Mar 2023 18:42
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!
Started: oldbutnowisa, 8 Oct 2022 23:04
Last post: Danger_Mouse, 23 Dec 2022 12:20
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?
Started: oldbutnowisa, 18 Aug 2022 15:16
Last post: oldbutnowisa, 18 Aug 2022 15:16
..no rns
Started: oldbutnowisa, 14 Jul 2022 01:33
Last post: oldbutnowisa, 14 Jul 2022 01:33
...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.
Started: oldbutnowisa, 10 Jun 2022 14:05
Last post: katenip, 30 Jun 2022 10:56
it's on their website...28th June 122 odd...
not sure if RNS feed is working particularly well
...they have stopped the daily RNS with asset value. Anyone kinow why?
Started: oldbutnowisa, 8 Jun 2022 10:25
Last post: patxd, 17 Jun 2022 14:05
Assuming no global recession otherwise divi yield not special since 85p not so long ago!
Only going to go higher and very probable increased dividend, One of my longest and biggest holdings!
Started: oldbutnowisa, 16 Jun 2022 23:47
Last post: oldbutnowisa, 16 Jun 2022 23:47
... these have become absurdly cheap, but the market is a quagmire right now.
Started: nimrod22, 21 May 2022 18:01
Last post: nimrod22, 21 May 2022 18:01
"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.".
Started: oldbutnowisa, 14 May 2022 22:27
Last post: oldbutnowisa, 14 May 2022 22:27
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.
Started: oldbutnowisa, 1 May 2022 11:59
Last post: oldbutnowisa, 1 May 2022 11:59
...latest RNS? Normally more shares in issue is not a good thing.
Started: oldbutnowisa, 25 Apr 2022 10:45
Last post: oldbutnowisa, 25 Apr 2022 10:45
...today. Great time to buy more.
Started: nimrod22, 26 Mar 2022 11:17
Last post: nimrod22, 26 Mar 2022 11:17
"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".
Started: oldbutnowisa, 23 Mar 2022 14:36
Last post: oldbutnowisa, 23 Mar 2022 14:36
...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).
Started: oldbutnowisa, 8 Mar 2022 20:39
Last post: oldbutnowisa, 8 Mar 2022 20:39
.... Should have much positivity.
Started: ripley94, 7 Mar 2022 08:42
Last post: ripley94, 7 Mar 2022 08:42
I just need to raise funds no reflection on were share is going .
What is the Russian holding ( they did not name in RNS on Friday 4th )
Started: oldbutnowisa, 2 Mar 2022 23:30
Last post: oldbutnowisa, 2 Mar 2022 23:30
,,. I have a chunk of these in the pf. Right now we are in a sweet spot with £1.50 certainly achievable in the next few weeks.
Started: oldbutnowisa, 5 Jan 2022 10:10
Last post: oldbutnowisa, 24 Feb 2022 00:48
Agreed RyeSloan. Gold hitting new highs. Other commodities mostly roaring ahead. Inflation threatening. Where do you invest for safety mow? Look no further.
Not sure if it's possible to see how much the treasury shares cost in total but they bought back 700,000 of them in 2020 at 66.5p...they have been re-issued at over £1 recently so a not insignificant profit to the company on them! Treasury shares are now exhausted so any new issuance are new shares. As these are at a (modest) premium this is to the benefit of existing shareholders not only from that small premium but also helps to enlarge the overall NAV and thus shrink the OCF. As this is a relatively small trust the issuance of new shares is something that should be welcomed. It's certainly in a sweet spot just now that's for sure.
Good - useful comment thanks
not correct, patxd. The shares are ones which have been bought back by the co at lower price in the past and not cancelled. By ireissuing them again they are booking a profit.
But have been issuing a lot of new shares that are a dilution unless will provide immediate accrual!
Started: oldbutnowisa, 22 Feb 2022 22:15
Last post: oldbutnowisa, 22 Feb 2022 22:15
...playing out perfectly for this IT. Money should be pouring in,
Started: oldbutnowisa, 15 Oct 2021 15:48
Last post: oldbutnowisa, 15 Oct 2021 15:48
...it has made the quid and a number of holders have cashed in. The question now is has it got legs to go further and if so, how far?
The yield at this level is 4% and the divi was covered over twice by LAST year's earnings. Since many of its large holdings are in sectors which have become rather in vogue (energy and minerals as well as greeern resources) it is realistic to suppose that it will earn significantly more in the next reporting season and therefore probably increase the dividend. So in my book that is not a reason to sell for now.
Started: BuggerTheBanks, 17 Sep 2021 11:48
Last post: oldbutnowisa, 6 Oct 2021 10:54
Because, BTB, there's freezing cold water everywhere in case you haven't noticed. I've been in these for many years andnce upon a time they were over £1.50. Be very lucky to see them get near that now and if you hold a balanced pf, the rest would be massively underwater if BERI did get there. I am as sorry as the next sucker but that's the market now and with Boris not even looking for anything (except probably a successor) the bloodbath is set to get worse. I am just hoping these will go over £1 - and that my doom-laden prophesy is wrong!
Why isn't this £3 p/share???
Started: oldbutnowisa, 22 Aug 2021 14:37
Last post: oldbutnowisa, 22 Aug 2021 14:37
run up initially by inflation fears and now down again by the Fed's attitude. Annoying but I am still sure that inflation has not peaked or gone away. Holding for much longer. Can see thse doubling over 12-24 months.