Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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One of the ultimate widows and orphans Trusts ? World population is forecast to rise a lot, and will increasingly be consuming more resources per head.
Sold 2500 BRWM on Friday, and moved them to wider discoubtvto NAV BRCI.
Topped up with 1000 more...
If this isn’t algorithm I don’t what it is, but there are three dates two one after the other of 1 share being bought.
First Quantum Minerals is at 7.5% of the trust as of 31/6/18
Speculation is mounting of the envitable takeover of First Minerals Ltd. BRWM hold a major stake in them. So indirectly this is a great positive for us..
LOve it your post JustChampers !!! Be good to see 20p maybe for next year then we will see what happens thereafter if effects from interest rates and stronger $ & €...
Thursday 17th August 2017 3p payed on 15th September 2017 buy shares up to close of business Wednesday and get dividend payment sell shares on e-x dividend day Thursday and still get dividend ( if the sp goes up)
Thank you Liberalman - Put it down to laziness and a desire on my part for an expert re-affirmation
Does anyone have a view on how much the full dividend will be for 2017? I see 1st quarter divi is at 3p. In my simple maths this means 12p divi. Looking at the yield at today's prices this equates to approx. 3.8% and not 5+% indicated by lse which is still showing 18p. Even last year's divi was 13p. Is there any upside to come from this or is the slowdown in China affecting it?
Thanks Liberal!! Sorry for posting my previous post..
Question of the dividend data on this site again http://www.hl.co.uk/news/articles/blackrock-world-mining-trust-the-recovery-story-of-2016 Kate Marshall | 27 February 2017 BlackRock World Mining Trust - the recovery story of 2016? Kate Marshall, Investment Analyst, reports on our view of BlackRock World Mining Trust following its recently released annual results for the year to 31 December 2016. NAV total return of 92.9% compared with 94% for the benchmark Share price total return of 100.6% Total annual dividend of 13.0p per share; down from 21.0p in 2015 Mining companies have focused on cutting costs and increasing productivity Dividends Last year the trust reported that a combination of lower commodity prices, and the likelihood of a number of companies to cut or cancel dividends, could lead to a decline in the trust’s income. A final dividend of 9.0p per share has been recommended for the year (to be paid on 12 May 2017 to shareholders on the trust’s register on 17 March 2017). This, together with the interim dividend of 4.00p per share, makes a total of 13.00p per share. This is a reduction from 21.0p per share in 2015. The managers expect the trust’s income to grow in 2017 as mining companies increase or reinstate dividend payments on the back of improved balance sheets and profitability, although there are no guarantees. http://www.hl.co.uk/shares/shares-search-results/b/blackrock-world-mining-ordinary-5p/dividends Full Year dividend is 13p not 18p, giving a yield 3.75 at close of play on 346p. explained in annual report below " The Directors are recommending the payment of a final dividend of 9.00p per share for the year ended 31 December 2016 (2015: 14.00p). This, together with the interim dividend of 4.00p per share (2015: 7.00p), makes a total of 13.00p per share (2015: 21.00p). The final payment will be made on 12 May 2017 to shareholders on the Company?s register on 17 March 2017, the ex-dividend date being 16 March 2017. We mentioned in the half yearly financial report that the Board would be increasing the frequency of dividend payments from twice to four times a year. It is intended that dividends will be announced in February, May, August and November and are expected to be paid no later than May, June, September and December in each relevant year. The Company will declare its first interim dividend in May 2017 to be paid no later than June 2017. It remains the Boards intention to seek to distribute substantially all of the income available. Income from ordinary dividends is expected to grow in 2017 as mining companies increase or reinstate dividend payments on the back of improved profitability and reduced balance sheet concerns. The Boards current target is to declare three dividends of at least 3.00p per share in the year to 31 December 2017 and to recommend a final dividend for approval by shareholders at the Annual General Meeting in 2018.
Discount today widens and stands st 14.5%, and also see debt rises and cash lowers. http://tools.morningstar.co.uk/uk/cefreport/default.aspx?SecurityToken=E0GBR01OPI]2]0]FCGBR$$ALL
I sold my Tesco stock at a loss and bought 1300 today. I see they have changed their weighting on RIO Tinto being too holding now. Discount to NAV is 13.5%, which I can see narrowing over coming weeks, hopefully.
UNABLE TO GET A ONLINE a problem i and overs have experienced , when selling online/ not being able to get a quote . (no online quote is available at this time ) this is nothing to do with this site LSE it's just a survey to try and find out how common this problem is, so if you have experienced a similar problem please let us know , i for instance tried last Friday afternoon to sell BRWM it took me approx, 30 minutes and a phone call to broker and by this time my profit turned into a loss.
BRWM Black Rock World Mining Trust next dividend 9p 2.56% ex dividend day Thursday 16th M arch 2017 paid on 12-May 2017 dividend yield was 3.77%
Heading towards a 15% discount on it's NAV when in early Feb it was 8%. BRWM is well into a pullback after getting a nosebleed at 400p. Strong Dollar and potential FED rate hike will make commodities fall and adversely affect miners. BRWM is flirting with its lower trend channel and may break it in the next few days.
What do you think about investing more in BRWM, though at 13p FY dividend pay out if that's correct(?) that gives a yield of 3.26%
Why has LSE not updated this BB with correct data regarding the dividend? I sent an email last year and said it would be amended in time!! Still nothing appears to have been changed. Dividend is still under scrutiny which I understand, but with the uptrend maybe it won't be cut too much.,
No sign of the uptrend changing. Now past 400p and should move higher to at least 447p last seen in 2014.
NAV today excluding income is 412.40p The price is moving slowly towards the NAV and may even trade at a premium soon. #hold
This has been strongly bullish since January last year. #hold
Eric, I don't have an issue with the discount to NAV as the mining industry is still emerging from a downtrend. Once the industry is attractive, profitable and growing I'd expect the NAV to move towards parity and even a premium.
Have the fund managers recognised iron ore has risen sharply from 380 in September to 644 today. A 0.1% iron ore asset allocation should have been reconsidered.