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As someone else has said before, its not all about China!!! Look at the utter mess of the middle east and parts of India that's needs new buildings and Africa... Just food for thought. Take another 5-10yrs view here and everyone might just do well. We all hope!!
So, just wandering what weighting everyone has BRCI or will have come another drop in s/markets come new year? Most of my IT and funds are around 4.5% now having having bought many more stocks in the last quarter. The only risk can see is with the dividend coming under pressure... Or am I wrong. I own ALAI which is biggest yield alongside LRE which offers a S.D every year both around 7.4%
Agree with your sentiment on BRCI, and we also have the big possibility of a dividend cut at BHP in short-term due to falling eps (BHP's EPS of 40p for 2015!). I hold ALAI, TEM, FRCI, STS, MYI, MIC, Newton Global Inc, Threadneedle Global Inc.
I looked at this back in 2013, look where it is now. This trust fund currently trades at a 5.91%, though it has a dividend of 9%+, wouldn't touch too risky. http://www.hl.co.uk/shares/shares-search-results/b/blackrock-commodities-income-it-ordinary-1p
Agreed sold out yesterday for 18% profit. However I like this sad old pup and will return once dust settles.
Also the strong Dollar after the latest NFP print means commodities in general will fall. So BRCI will struggle to hit 70 by the end of the year.
I'm bullish, but 90-100p by the end of the year is very unlikely as some of it's investments e.g. BHP, Rio and Exxon are not moving out of their down trends. Whatever you observe in India and China, the overall global demand is not growing and so BRCI will stay depressed for some time to come.
Reassuring to know they are active and will need our commodities!! A friend of mine also went to India recently and concurs with what you're saying plus even more headroom for building basic sanitation/housing improvements etc he reckons. Five year chart not looking so good but the ten year shows decent upswings post-crash. Personally the SP not as critical as the continuation of the quarterly div whilst we wait to get back to the pound levels and one would assume they are 'covered' in this regard plus diversified across this sector and geographical mix. GLA
Thank you. I see this running back up to 90-100p by xmas , I have been to both India and China in last month and it is booming as usual, to hire signs everywhere. Roads, factories, housing , airports etc still being built , I cant see it slowing down.
Congratulations on being the only holder I've ever heard of sitting on a profit! Hopefully the underlying holdings will push the nav and premium to show you an even bigger one over time!! GLA
bought at 55p and 56p had divvy 1.5p and now look at the price, putting in the bottom draw for a few years, massive yield and cap gain , only wish I had bought more than 50k worth . gla
Definitely see that as a pleasant possibility for the ISA and SIPP. I'm also rather pleased by the dramatic change over recent days in the fortunes of BlackRock's other investment trust in the commodities sector: BRWM. GLA!
are flying and brci are invested it will take a little time for it to catch up but i see this 90 plus next week gla.
Dividend Declaration Mon, 14th Sep 2015 10:46 BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC - Dividend Declaration PR Newswire London, September 14 BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC ANNOUNCEMENT OF QUARTERLY INTERIM DIVIDEND 14 September 2015 The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce that the third quarterly interim dividend in respect of the financial year ending 30 November 2015 of 1.5 pence per ordinary share has been declared by the Directors, payable on 23 October 2015 to holders of ordinary shares on the register at the close of business on 25 September 2015 (ex-dividend date is 24 September 2015). Enquiries: Kerry V Higgins BlackRock Investment Management (UK) Limited, Secretary Telephone: 020 7743 1089
I'll take any positives on this one's performance the last six months,cheers! Glad to see us back over nav the last week or two,hopefully a dividend declaration any day as ex last year(quarterly interim) tail end of September unless I've missed it?
Looks like one set up during last week of August.....good indicator for LONG. Pity I only noticed it today.
Feeling good about getting in here quite heavily this week.
But look at the yield, a thing of beauty 10% +.
Getting close to my buy in target, months before I thought it would . looks good
...not a bad day here, at all, at all
Doubled up at sub 60p..average now = a smidge under 65p... ....Decent Long term Dividend play...
Thanks for your reply Appleby
back up today and this will catch up in a few days 69/70 imo got some more at 61.75
Looking for a major market fall, then buying in for longer term hold . Sub 50p and over 10% yield , then hold until £1.50 . Will take a while to get there but yield helps pass the wait. I will lump in £250k plus if it helps.
nibble at 66 8k of shares could rebound