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Hi no they don't trade the shares, they are generally long term investors. They intimated they'd lean in the 12p revenue reserve a bit but I doubt whether they'd seek to maintain last year's dividend given the terrible capital performance and the near £75m of debt the trust currently has. Like to think they are well away from their gearing covenants but they should preserve some capital. So I suspect dividend will be cut. I hold a lot of this. It's not particularly well managed but it's geared into geared sector so should go up a fair bit if the underlying stocks rally.
Hi all, I see this trust consists of many different stocks etc. With rio ,blt and glencore amongst the highest percent of this . Are the management buying and selling the shares within the trust all the time or .... ? If anyone can give me the heads up that would be great. I bought a few of these recently and thinking to buy a few more. I see the dividend has been good last few years but with glencore dividend suspended and blt and rio dividend under pressure. What can we expect..? Good luck all Many thanks
Just bought a large position. Miners cheap, this fund cheaper and decent revenue reserve. Suspect they'll cut but might depend on BHP and Rio's dividends, if any.
Any idea if when we'll know if the dividend has survived, or more likely how much its cut to?
I also suffer from contrarian thinking as my default. I seem to enjoy the inner argument. I'm like that at work too which can frustrate the hell out of my colleagues. I don't know why I so often see the same thing so differently to the crowd.
I am buying not quite as regularly , but about every 8 weeks .Still trying to focus on upside . Divi certainly vulnerable but as an inveterate contrarian still think of recovery.
Anybody buying at these prices? I'm still buying mid month, month in month out.
Wake me up from my dream when this is back at £8.00. End of 2019. I can wait. I am also drip feeding, every month mid month.
My dreams are much less logical than that . It makes sense to steadily buy this trust hopefully on the way up this time . I continue to drip feed it for my SIPP. Commodity prices will turn .
I had a dream last night. Biotech fund managers are unloading Biotechs after making 300% in 5years and they are now putting that cash into commodity stocks and natural resources funds. Hopefully that dream don't turn into a nightmare lol!
Nice short squeeze across the board - Miners and Industrial Metals.
That's quite a rise today! Looking as though recent buys for the ISA and SIPP were wise.
Glencore is up a whooping 50% in Hong Kong. Talks of GIC eyeing a stake in its Agriculture business. In theory this should help push BRWM today.
A wise move at under £2.00 A clear buy at these levels IMO
Added a bit more to my ISA.
Been wavering for a while, who knows where the bottom is? I don't ! I've gone in light and will buy more if it falls by a decent amount. The Divi will probably get reduced at sometime but still be a good amount. Commodities must bottom out soon, weaker China and fed interest rate rise must be fairly well priced in by now. I look at it as a value long term holding with a good divi to pass the time. Also I saw this today so sentiment may be starting to change:- http://www.trustnet.com/News/625587/hawksmoor-why-we-are-buying-back-into-battered-commodity-trusts/
Buy on dips on the way up. Long term hold . Recovery will come .Big holding for me
Been buying a few for my ISA account. It's not quite out of the woods yet looking at the chart but the 2008 lows plus most of it's components are large cap miners piqued my interest.
Hi Blue, Thanks for the thoughts. I'll check out BRCI in more detail but looking at the 5 year chart quickly - wow - that's some long diagonal line down over time. Catching falling knives and all that. Anyway I am a big fan of dripping feeding and have multiple standing orders to take the thinking out of it as I have a job in the real world which is quite demanding. The only questions I leave myself is where, and when, to start and to finish. Perhaps time to start in BRCI. I do the same in BRFI, btw Runner
Hi Runner :-) Some decent reversals in the sector were seen today after a few 13 year lows yesterday! But I don't think this commodities rout is over just yet...so plenty of time to build a decent (birds) nest egg (soup) :-D I'm will also be taking this opportunity to add to my initial sub 70p tranche in #BRCI, hopefully at sub 60p GL & Best regards, Blue
BlueDealer, do you think the end-game is near - a dramatic reversal yielding massive profits for those in control (and us if we time it right)?
#BLT (at 11.4%) & #RIO at (10.3%) are the 2 biggest holdings in #BRWM... http://markets.ft.com/research/Markets/Tearsheets/Holdings-and-sectors-weighting?s=BRWM:LSE & both appear determined to beat China at its own game by overproducing iron ore till Chinese producers go bust on mass! SP Angel reckons its not just a few hedge funds but also China Inc. which has effectively manipulated commodity prices lower through the generation of significant paper volumes of short-term supply into the market... ...as Brucie might have said..."Good game, good game"
Keep topping up, every month, every month .... will be very happy in 2020 as patient money bears fruit. IMO. RIO, Glencore etc - can they fall much further?
Wowza! 640,000 buys after the Bell! Is this about to turn?
Yup me too, at sub 224p...just need steel balls & long term views! GL & Best regards, Blue