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Thanks for that Rye.
The 5.5p Q3 Div will still leave 25p of current year income as per the recent NAV announcements. So total income looks to be in the 40p range so far this year and 15.5p has been paid or pledged. Taking the min 90% figure for revenue distribution rules that would give about 36.5p for the year as a required distribution...less the 15.p5 would suggest a final around the 21p mark.
Obv there might be revenue expense to still book into the accounts so the above is just a rough estimate by a rank amateur but none the less I expect a bumper final div when it finally arrives (the final is always paid oddly late after the FY date).
3rd Quarter divided announced yesterday. I'm hoping for an increase in the final dividend next year.
Good timing !
@£5.17.
There is 30p of income sitting undistributed so far this year..and that's after 10p of div's and with 3 months of revenue still to receive. Revenue reserve at half year was already comfortably covering a years dividends so if they maintain the Qtr3 div at 5.5p then I'm expecting the final div for this financial year to be pretty chunky. They might do a final + a special but either way with a policy "to distribute substantially all of the Company’s available income" the final div will need to rise significantly to meet that policy!
BWRM has a roughly 15-20% exposure to primary Gold mining.....and these guys are ****ting cash at the moment.
A 4% dividend yield, in a stagflationary world with government bonds at negative real rates, is a huge positive.
I also see a migration out of cash and treasuries into tangible assets, in search of yield as the theme for 2022. Chinese demand is here to stay whatever in my book.
I dunno if it's got a little further to fall yet to be fair, it's still on my watch list though.. can definitley see an opportunity at the right price.
Looking cheap again, imv - sasa.
@NoelShempsky - still confident in your 800 share call by Christmas or sooner? The narrative all seemed so easy back in May/June.... commodities super cycle, stimulus, economy bouncing back. undersupply, possible inflation - nothing but roses and easy money. The stark reality for the majority of these commodities companies is that they fall and rise with the whim of the Chinese demand. Unfortunately this fund and its constituent shares have still got a way to fall yet to get back to earth - and the balance between predicted supply/demand.
Now trading at a 40p discount to NAV.. am tempted to have a dip.
Having noticed its absence of late, the website shows the NAV being 606p as at yesterday (1/9) so it is currently showing a discount of 8% at todays level, if anybody's interested...
Looks quite cheap now v recent sp prems - sasa.
The Board has announced a second quarterly dividend of 5.50p per share which will be paid on 24 September 2021 to shareholders on the register on 27 August 2021, the ex-dividend date being 26 August 2021. It remains the Board's intention to distribute substantially all of the Company's available income. Bought some more on the drop today and also like the small increase in dividend they have announced
A bit more detail, China are planning to sell metal reserves to reduce pri and the dollar is up: https://reut.rs/35yopFi
A bit more detail, China are planning to sell metal reserves to reduce prices and the dollar is up: https://reut.rs/35yopFi
It has had a fantastic run. I sold out to take profits some time ago and reinvested a smaller amount in my ISA. Cost me my yield of course, but can't have it all ways.
Commodities are down. Waiting for a 530p entry
In two days the SP has gone from 3 or 4% over nav to 5 or 6% under. Why? I have no idea.
Looks like news of nav vape has been out for a few days. Not sure what they seem o have fallen more than the companies invested in . Perhaps something to do with issue of shares too?
More on copper. It is an in-depth analysis of the copper market and mining issues. A brief extract -
“Beyond 2020, we forecast that consumption will outstrip production over the period to 2024, resulting in a growing refined market deficit and increasing copper prices,” states S&P Global Market Intelligence commodity analyst Thomas Rutland, in an October 2020 news release.
Fitch Solutions expects a shortfall of 489,000 tonnes in 2024 to rise to 510,000 tonnes in 2027."
https://aheadoftheherd.com/copper-con/
"Analysts: Copper Prices Could Double To $20,000 Per Ton
https://oilprice.com/Metals/Commodities/Analysts-Copper-Prices-Could-Double-To-20000-Per-Ton.html
"Don't Fight The Fed's Commodity "Put""
https://www.zerohedge.com/markets/dont-fight-feds-commodity-put
And here's the next one -
The Board of BlackRock World Mining Trust plc is pleased to announce that the first quarterly interim dividend in respect of the quarter ended 31 March 2021 of 4.50p per ordinary share has been declared by the Directors, payable on 25 June 2021 to holders of ordinary shares on the register at the close of business on 28 May 2021 (ex-dividend date is 27 May 2021)
Correct, it was.
I thought the current one should have ben paid yesterday
Next years final dividend will be a corker!