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Finally made the plunge here with 5000 shares today just under 50p. Going to look at buying PLI as well sometime soon or CTY.
I have checked morningstar site and has NAV sp at 46.25p to current sp of 48.75p so that means its a premium of 5.42%.
Looks like my low prediction of 45p was a bit bullish, anyone predict a new low. Long termers must be keen to buy in to reduce average.
I couldn't agree more Appleby. I think the same about this BCRI's cousin's BRWM & BRFI. Buy now, very happy in 5-10 years.
Over 4% discount to nav , rarely have I seen this at a discount ,normally trades at a premium 1.4% ( source Morningstar). Not good for long term holders, but getting very interesting for people waiting for oil to go sub $20 a barrel and miners to bottom out. GLA in 5-10yrs this will shine again.
Were at a nadir at the time the daily nav was released and the SP normally trades at a premium but can also be bounced around on low volumes like anything else I guess,not sure how the charts come into it unless you're looking at all the holdings from that perspective. In simple terms if the big miners and big oils rise,so does this but normally a time lag of a day or two imo.
You're probably right. NAV down to 47.69p yesterday so if crude does fall toward $20 then could easily see this below 40p. Yield would be over 15% that point. Would love to be able to call the bottom with any confidence.
I predicted a lower of 39p but I am new to charting, thanks for reply
Need to delete the trailing square bracket on those image links if you click them. Wish you could edit posts.
Not an expert I'm afraid but plotting the dips this year suggests a bounce around 44p [http://imgur.com/M0PsgPB]. Thing is the price here tracks the NAV of the constituents so I drew some trend lines on RDSB which looks like that could well be due a bounce at current levels [http://imgur.com/zEBlAZQ] which would suggest that BRCI is already encountering resistance at this level. I don't see any sign of a trend reversal though.
Any chart experts on here like to predict a possible support level .
As predicted gone sub 50p on bid , looking to get in but you just know it will go lower
I see this going even lower, sub 50p for sure, however any buy around this level looks mega value on 10yr timeframe, yield looks attractive if held.
Ta. Bought 5000 today...
I'm not sure I can argue or justify the premium but as long as I can recall,this trust has traded at a premium to nav maybe reflecting the strengths of their diversity and abilities to deliver the income? Regarding the points about constituents raising divs,I can only assume they take a longer view on profitability than the short term view on the oil price.
I hear Canadian oil has hit $20 a barrel. GS did say 'OIL' would hit $20, but never said what type...WTI or Brent. I also read Chevron will possibly raising the dividend by 5%, something that XOM might do as well if RDS get the BG! I just question the 4% premium on this stock. Can anyone argue this point?
BRCI at a 4% premium to NAV. Shows two things that possibly no dividend is safe, and also that the team are working hard this month. Still watching here until 3rd or 4th week in Jan. Reuters did also repprt that miners / oil companies less likely to cut dividends due to them being able to take on more debt in lower interest environments. MYI has fallen to levels that I once saw back in 2009. Will be getting onboard very soon as its gone ex-divdend (-10.5p), and making it heavyweight around 8%. Did notice that there holdings have changed and BHP&RIO have dropped down the top 10: As of 31/11/15 Exxon Mobil Corporation6.1 First Quantum Minerals Ltd.5.4 Rio Tinto Plc5.3 BHP Billiton Plc5.3 Chevron Corp5.2 Royal Dutch Shell Plc4.9 Conocophillips4.8 Enbridge Income Fund Holdings Inc4.6 Statoil4.2 BP Plc4.0
I've got roughy one third to a half of my income p/f in diversified trusts depending on whether you do book cost or what they've now dropped to lol!! Plenty of negatives out there as ever the market decides which way to interpret,today clearly a downward sentiment!
Hi Kula, Thanks for that. I'm planning on buying more MYI (780p at least), STS, CYN or BRCI, and PLI. Forgot to also mention we have the BREXIT issue looming and Grexit...
2016 could be a volatile year, so have cleared out of Bonds and individual stocks in favour of cash to re-invest in any further routs. Meantime continue to hold and add to higher income investment Trusts with a portfolio of 18 separate ITs currently, the last added BRCI. The Saudi/Iran Sunny/Shia situation could push oil in 2016 ?
Thought SA had £90 to have there government breakeven, Venezuela for sure who MYI have a bond next month due need $160 a barrel. I at times forget inot buying directly into stocks with IT's, and its managers performance... So I suppose we can take bigger risks with these than stocks, as they're not going to go bust!! Haha. Atb both with your investments. MYI ex-div 8/1/15; CTY, CLIG, CYN ex_div 28/1/15 AAIF ex_div 22/1/15 Last question, how many stocks/funds/IT's do you both hold? I read that 30 is a good size to stay within.
yes,it's annoying and baffling,this unusual oil war that's going on,each trying to out do each other,for market share. but the Saudi's are actually the lowest cost producer at @ $20 a barrel,some fields even less. cant remember the Russians,but they're one of the highest cost producers.
Good luck whichever you decide,I think Murray international and shires are ex next week by the way. Bears certainly in charge on commodities at the moment but that won't always be the case I'm sure.
Amasing!! Most IT boards are dead... I have £15k from 3 stocks made 95% from, so have been holding that cash for 2wks or so on anticipation of some sort of fall come January sales time... My views of commodities short term don't look good, with so many uncertainities and so many shorters/traders really just pulling the oil down for a laugh! What the heck is goingto happen Saudi's who need $100 to break even... Until I hear of any dividend cuts in oilies like BP, then I will buy this one and 2 or 3 others (maybe top-up MYI) PLI, AAIF, STS or JEMI. I will have a look at those IT's you have vouched... I usually have the FT paper and check for a good 4% discount, but not many at the 4.5-6%, for STS. Happy New Year to you as well as Kulabkhan...
I've never seen this board so active! Cheers for the info there,most of the names are in my diversified mix, have been adding MYI recently and a few MRCH which has a good track record and vintage. Also another one MCT might be worth a look,trading on a chunky discount to nav and mostly Canadian but around a quarter in yank stocks so effectively a North American one,quarterly divs as with the others. I've added a few shires income too on current weakness,very steady. NCYF is another one I've added on weakness more from the point of view that a good mix of diversified funds gives a better frequency of income. On these I've gone the other way and maxed as the income is so diversified and paramount to the trust and if I didn't already have them in a balanced income p/f I'd be going in now as it's an easy way of buying the big stuff on the cheap imo. Happy new year to you both and all and looking forward to the divvy end of jan and hopefully a better 2016 on the SP.