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On 28 Feb i posted - "I can see this being 800p before very long". Here it is.
I agree with CR888 - who, in March posted - "I expect BRWM to go to 900 p at least."
I see 1,000p on the way.
According to an article in a newspaper today there's a 70% drop in aluminium, copper, nickel and zinc inventory over the past year. I'd assume that this will continue to push metal prices higher.
Looks like it has already started with todays rise ??
https://finance.yahoo.com/news/commodities-could-soar-40-investors-064145313.html
They are not 'clean' for long though! Already 14.3p income accrued in the year, 20% ahead of the amount same time last year. I hope the Board look to move up the interim div levels this year as while a nice fat final is always nice it would be good to get some of that income paid out quicker. An interim at the same level as Q3 would be 5.5p v earned of over 14p.
The final div also takes an age to be paid, being finally received in May for the year ending the prior December, quite why it's so long after the year end and only around 6 weeks before Interim 1 is a bit of a mystery to me. Does anyone know why the final has 2 months between XD to Pay compared to the usual 1 month?
good buying in point or top-up for those already holding.
Now the shs are 'clean,' I've noticed - sasa.
Big drop today - to be expected - gone xd.
CR888, would you like to revise your target-just temporarily of course?
and a 27pence per share final dividend. Ex divi on 17th March, payable 19th May.
Yes it is doing very well due to the massive rise in commodity prices. I am also invested in Blackrovk energy trust (Beri} and that is doing even better
I expect BRWM to go to 900 p at least, next target 825p
The S&P GSCI (vs BRWM in brackets) is a benchmark commodities index that tracks the performance of the global commodities market. It is made up of 24 exchange-traded futures contracts that cover physical commodities spanning five sectors. 16.38% one month return (15.34%). 62.73% (30.7%) one year. 22.8% (33.7) annualised 3 year return. 14.47% (20.97%) 5 year annualised. 1.07% (5.43%) annualised return over 10 years.
Roger that, musicman - the sp has been particularly strong over the past weeks; on the latest nav, it's on a 7% premium currently. A tad expensive but not that surprising, I suppose, given the demand for base metals and pms in the present climate.
The 4th Qtr figs should be out very shortly and with it a decent boost in the final divd to conclude a very successful year - sasa.
sasa43
got in a little while back and good for far hope it continues :)
GLA
Results were 4th March last year so hopefully this week...
Yes @SFH300 - I learned the same over 30 years ago. My very first investments were recommendations from IC and HL. Two went bust soon after. I've been told that companies have to pay IC for recommendations, wouldn't be at all surprised.
When are these due? Yahoo finance was telling me 28/2/22
I agree about the bumper dividend being likely. I can see this being 800p before very long.
Easy to do if your investment capital isn't already tied up in sh*t stocks that have left you >30% down. I will NEVER listen to the advice of investment journals* or HL again. < angry face >
* Yes, Investors' Chronicle and Money Week, I'm looking at YOU!
to buy on the dip this morning after Ukraine invasion caused a drop.
Having looked at this again BRWM appears to have an explicit policy of paying out almost all excess income. The final last year was pretty much bang on the difference between the two reported NAV’s.
So this year’s final would be about the 27p
mark. We’ll find out soon enough I suppose.
As for the current year well the miners seem more than happy to keep throwing off large divs with BHP the latest with a 50% increase to their interim. So the flow of income here doesn’t seem to be slowing down.
Volume Change (%) 10d / 3m. +30.3%
PE Ratio (ttm) 3.1.
Big increase in total revenue and operating profit.
Up some 25% over the past month; closed end funds don't normally show such fleet of foot. Must be hopes of a bumper final divd coming up, bearing in mind the earlier discount has now pushed on to a 6% odd premium - sasa.
Most of the miners are on a roll at the moment.