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Agree with you BARINGSBANK. $ strength will continue to weigh on commodities, and more so with the Iranians saying they could easily tolerate $25 a barrel of oil. That will be a bloody kick in the teeth if that transpires. More job losses, and more rigs cancelled for #BHP (already cut exposure in oil by 40%). Just my thoughts... Atb I hold RIO, BHP miners along with 30 other stocks & funds/trusts. Trusts range from MYI, MUT, STOS, TEM, AST
Another wee top up today . Fingers crossed
Most likely due to the price of copper, It hit a 5 year low on wednesday.
What is going on? any news?
Happy New Year all, I think this is a good time to buy, although I am already in and bursing losses. ANW has done well for me, but bumpy times ahead with Yingluck's impeachment trial coming up. NII has been a star up 30+%. Indian economy shows no sign of retreating. SMT another good one for me, techs and dividend. Not too shabby. SGRE is slow, but hoping for good returns over the next few years, it was always going to be a slow burner. BRFI, not bought yet, but will monitor and see how things go
This remains a hold for me, with the odd top-up to average down. I'm seeing BRWM as a 3 year hold from now getting back over 500p. That would mean significant profit for me in % and actual terms. I do need it at 500p though or my daughter will be inheriting these shares. BRFI -I bought at 127p and 121p now at about 114p. It should be doing better. Again though about 3% yield as here. Holding there too. ANW - heavily in the future of Thailand. On the negaitive side the cheap Russian Ruble has decimated the Russian tourist trade this winter - noticeably if you go to the Chonburi/Pattaya/Jomtien areas loved by the Russians.
Interesting perspectives guys, I am down on my purchase price, but with 5% dividend I was going to sit in the stock for a while. I am hoping for a return to increasing global growth and therefore more need to commodities. Although I note their is fear of deflation in India, ( despite NII is motoring at the moment). I haven't followed China at all. Although perhaps I should. The Nigerian economy is growing at 7% despite low oil prices and BRFI has taken a hit. Its perhaps another one for consideration, if the oil price recovers and the Nigerian and Kuwaiti economies weather the storm. Anyway for the moment I think i'll stick with this one, as 5% is good value.
Spottie , I enjoyed reading your post .good luck with the share.Always nice to read an opposing point of view.
FWIW, I think that much of the bad news has been factored into the price already, including the consequences of the broader macro-economics. That's why I've been buying up at below 300p. But GLA (and seasonal greetings!).
To be honest , I can only see this equity collapsing.China is starting to stagnate, commodities have been over stocked and the mining sector has had an atrocious year which I do not believe will be improved in 2015. This has presented a strong spread betting sell for me @ 302.54
Agreed Spottie, and I did buy more. JP
Indeed, so well worth topping up, especially last week when the share price was below 300p. A nice long term holding.
It has hit troubled time Runner, with the write down earlier in the year. However as you say a divident yield of 5% plus Net Asset Value of 90p above the share price looks like good value.
Nice yield if you buy at these prices ..... 5% plus.
Now th bad news is out,,,,, hopefully we can start heading north again ..... inshallah
http://www.hl.co.uk/news/articles/blackrock-world-mining-trust-research-update
I'm back in but not as low as Spottie ( good call). This should start to rumble in the next few months .
Well done Spottie, your time could prove impeccable.
I've also been in and out of BRWM over the last couple of years and this has served me well thus far. At the SP hich I bought into yesterday (348p) and with a yield of circa 6%, my take is that it's worth the risk of tucking a few away in the bottom drawer of my portfolio. As they say, "nothing ventured, nothing gained". But each to his own. GLA
I have been in and out of this for some time. I am suspicious that the risks of this Trust are just too great at the moment . On the face of it a buying opportunity but I would employ caution until fundamentals are clearer in sector.
Well, I topped up again with another tranche shortly after the market opened this morning with the price still dipping. Now it looks as though there's a lot of buying interest and blue on the screen.
My thoughts are that there has been an over reaction, so I bought a tranche on Friday. Given the RNS released after the market closed on Friday, which strikes me as a belated attempt at damage limitation, I'd reckon that the price may well tick up today.
Anybody any thoughts on where the price is likely to go from here? Is this an over reaction? It looks it to me.
Yes, interesting indeed. But as I said, I would have expected a discretionary manager (DFM) to have known of the connection and to have been required to jump through some hoops before executing such a trade in a stock with potential conflicts of interest attached. I would now have a number of questions for the DFM: Why buy the holding in the first place and was it bought in similar proportions for all your other clients with similar profiles? Did you liquidate all your other clients' holdings in BRWM? At the same time? Did Mr Mosely encourage you to buy the stock? Or to sell it? Were you aware of Mr Mosely's connection with BRWM? For me, cancelling the bargain sounds like putting the money back into the till after someone has noticed it is missing. Necessary, but not sufficient! I'd like to hear more about how this happened and whether any related events occurred, eg if the sale actually was undertaken at Mr Mosely's suggestion, then did the DFM sell other holdings effectively as a result of a nod and wink? Blackrock has its reputation to protect - I hope they don't think that just cancelling the trade puts an end to the matter when more transparency is needed. This is not so much about this trust as about compliance and corporate governance generally at Blackrock.