The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
...with a first tranche at sub 70p (NAV = c.85p) as a long term/contrary dividend play. GLA & Best Regards, Blue
Anybody with any thoughts on this share Many Thanks
Hopefully the SP should pick up as some of the larger holdings seem to be recovering plus the quarterly ex this week too. GLA.
Value decreased as the oil price went down, reflected the chevron, bp. shell side and miners, tinto, bhp and glencore facing pressures. However, this is a good solid play for consistent divi income and with the bonus of growth on the up. 90p is a steal and have topped up.
Last year I saw this as an income fund with minimal capital growth prospect. However, I was stopped out and could have suffered a 30% loss. I've bought back in now and the yield is fantastic. Also the fund is positioned well for some capital growth, assuming commodities markets start to rise again. A contrarian play? Yes.
Revenue return and dividends The Company's revenue return per share for the year amounted to 6.20 pence (2013: 5.87 pence). It remains the Company's intention to pay four quarterly dividends. Details for the 2013 and 2014 financial years are set out in note 6 to the Financial Statements. Our objective this year was to pay dividends which in total amounted to at least 5.95 pence and I am pleased to report that we have exceeded this target by paying quarterly dividends amounting to 6.00 pence per share (2013: 5.95 pence). It is the Company's aim to pay dividends amounting to at least 6.00 pence per share for the year ending 30 November 2015. Our ability to match or exceed this target will depend on the dividend distributions from our underlying portfolio and should not be interpreted as a pro?t forecast. The target level represents a yield of 6.1% based on the share price as at the close of business on 28 November 2014. Your Company has now been operating for nine years. We have seen considerable turbulence and share price volatility over this period. However, in each ?nancial year, the ordinary dividends we have been able to pay to our shareholders have been ahead of the previous year.
Agreed,best way to look at this trust is an income rather than specifically growth. They seem very tuned into the income side of things and no doubt shuffle things around with that in mind rather than just sitting on their multitude of holdings. I doubt it'll ever double or whatever but it's clear that investing in the big mix of miners and oils currently is slightly contrarian in the short term but a great way into some stocks,particularly the overseas ones which would be expensive to buy individually, at cyclically knock down prices! GLA
I agree absolutely with those thoughts. The tasty BRCI divi paid on Friday has been re-invested along with some additional funds in my SIPP and I've also topped up the ISA. A nice long term holding IMHO which will give a steady income stream in the years to come. GLA
The board is alive!! Ditto, been adding these and the world ones but prefer these for the big oils mix and quarterly div. Last div came in Friday and seem to be fairly consistent just over nav. Once the 'perfect storm' of big oil and big miners both being hammered passes they'll creep back up as the quality and diversity they hold will reflect favourably. I was quite happy adding over a quid....didn't expect them to stay under very long so have been topping up like mad of late too...primarily for income. GLA
Well, I've been topping up my BRCI holdings in my ISA and SIPP at these low prices and also BRWM. I bagged a nice tranche of BRCI on the 15th Jan at 84.44p and the price has been ticking up over the past week or so. Patience, they say, is rewarded. As ever, DYOR and GLA.
i see we were discussing BRCI last year with a view to income. Since then I sold them to cut my losses, but now the income at near 7% looks hugely attractive. However, commodities are still in a downtrend so I'm reluctant to invest as my capital might go down even further.
do commodities get to fall? I'm calling the bottom and getting in
If you're looking for a quarterly yielder at a good entry level and with a good track record plus exposure to big oils and miners here and overseas then it's a compelling income buy with a touch of recovery about it too.
It's a hard call but does anyone see the potential in buying BRCI. It's diversified into a wide range of commodities, many of whom are trading at lows. But is there any potential for upside. I think yes, but I'm not fully convinced. Any comments?
very clearly made the wrong decision - but soon sold these anyway. today: APF = 350p and onwards and upwards BRCI = 160p and dipping. Motto: if someone is hyping the stock in the press, beware! L
Clearly I made the wrong choice! At least in the short term.
I bought this coy in preference to APF as it seemed to have a broader spread of commodities Not sure if I've done the right thing? Comments welcome!