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Pin to quick picksBlackrock Engy Regulatory News (BERI)

Share Price Information for Blackrock Engy (BERI)

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Share Price: 116.50
Bid: 115.00
Ask: 116.50
Change: -1.75 (-1.49%)
Spread: 1.50 (1.304%)
Open: 115.50
High: 116.50
Low: 115.50
Prev. Close: 117.50
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Portfolio Update

27 Aug 2020 11:25

BlackRock Energy and Resources Income Trust Plc - Portfolio Update

BlackRock Energy and Resources Income Trust Plc - Portfolio Update

PR Newswire

London, August 27

BLACKROCK ENERGY AND RESOURCES INCOME TRUST plc (LEI:54930040ALEAVPMMDC31)
All information is at 31 July 2020 and unaudited.
Performance at month end with net income reinvested
OneThreeSixOneThreeFive
MonthMonthsMonthsYearYearsYears
Net asset value1.3%15.1%-0.3%-11.5%6.8%40.1%
Share price14.0%25.0%2.4%-10.1%6.3%25.9%
Sources: Datastream, BlackRock
At month end
Net asset value – capital only:68.56p
Net asset value cum income*:69.70p
Share price:63.60p
Discount to NAV (cum income):8.8%
Net yield:6.3%
Gearing - cum income:5.7%
Total assets:£79.1m
Ordinary shares in issue:113,470,349
Gearing range (as a % of net assets):0-20%
Ongoing charges**:1.5%
* Includes net revenue of 1.14p. ** Calculated as a percentage of average net assets and using expenses, excluding any interest costs and excluding taxation for the year ended 30 November 2019.
Sector Overview
Mining52.00%
Energy Transition 27.20%
Energy19.20%
Cash & Cash Equivalents  1.60%
-----
100.00%
=====
Sector Analysis% Total Assets^Country Analysis% Total Assets^ 
Mining:
Diversified17.1Global61.8
Gold14.2USA12.8
Copper11.6Australia7.6
Industrial Minerals3.4Latin America4.6
Iron1.5Canada4.1
Diamonds1.4Germany2.4
Steel1.2South Africa1.8
Platinum1.1France1.0
Nickel0.5Norway0.8
Subtotal mining:52.0United Kingdom0.8
Brazil0.5
Energy:Africa0.2
Integrated9.5Net Current Assets^1.6
E&P5.0-----
Distribution2.8100.0
Refining & Marketing1.5
Oil Services0.4=====
Subtotal Energy:19.2
Energy Transition:
Electrification14.2
Energy Efficiency5.9
Renewables5.1
Transport1.2
Storage0.8
Subtotal Energy Transition:27.2
Net Current Assets^1.6
----
100.0
=====
^ Total Assets for the purposes of these calculations exclude bank overdrafts, and the net current assets figure shown in the tables above therefore exclude bank overdrafts equivalent to 7.4% of the Company’s net asset value.
Ten Largest Investments
CompanyRegion of Risk% Total Assets
First Quantum Minerals*USA6.7
BHPGlobal6.4
Newmont MiningUSA4.4
Rio TintoGlobal4.4
Barrick GoldGlobal4.3
ValeLatin America3.7
EnelGlobal3.5
NextEra EnergyUSA3.3
VestasGlobal3.3
ChevronUSA2.8
\* The holding in First Quantum Minerals includes both an equity holding and a holding in several bonds.
Commenting on the markets, Tom Holl and Mark Hume, representing the Investment Manager noted:
The Company’s NAV increased by 1.3% during the month of July (in Sterling terms). Despite concerns around COVID-19 cases increasing in emerging markets such as Brazil, Iran and India, global equity markets continued to rise with the MSCI World TR Index rising by 4.8% in July. Chinese economic data was also better-than-expected, with its manufacturing PMI rising to 51.1, up from 50.9 in June, indicating continued expansion. On 15th July, OPEC had the 20th meeting for the Joint Ministerial Monitoring Committee, where they reaffirmed their commitment to supporting oil price stability. Against this backdrop, oil prices posted positive returns, with the Brent and WTI rising by 3.6% and 1.3%, to end the month at prices of US$43/bbl and US$40/bbl respectively. In terms of company news within the energy sector, the headline observations from earnings season were that most companies have beaten very low expectations. The energy equities remained relatively flat during the month, however European integrated oil companies outperformed their US counterparts. Mined commodity prices were up across the board in July. Copper and iron ore (62% fe.) prices were up by 7.0% and 7.9% respectively following stronger demand from China and concerns around supply disruptions in Central and South America. Elsewhere, the gold price returned +10.7% over the month, reaching a new all-time high of $1,975/oz., with declining real rates appearing to be the main positive tailwind. Turning to mining companies, the month saw second quarter production results being announced and, in general, operational disruptions were not as bad as had been feared. Within the energy transition space, the EU’s €750 billion recovery package to help economies recover from the COVID-19 impact was agreed in addition to the regular EU budget. Both the recovery package and the budget will be geared towards the green and digital transitions to help enable the EU to meet its ambitious climate targets. Clean energy is seeing focus in the US in the run up to the US Presidential Election with policies that include up to $2 trillion of clean energy spending over four years. All data points in US Dollar terms unless otherwise specified. Commodity price moves sourced from Thomson Reuters Datastream. 27 August 2020
ENDS
Latest information is available by typing www.blackrock.com/uk/beri on the internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV terminal). Neither the contents of the Manager’s website nor the contents of any website accessible from hyperlinks on the Manager’s website (or any other website) is incorporated into, or forms part of, this announcement.
Date   Source Headline
15th Mar 20244:04 pmPRNResult of AGM
15th Mar 20243:13 pmPRNDividend Declaration
15th Mar 202412:01 pmPRNNet Asset Value(s)
15th Mar 20247:00 amPRNTotal Voting Rights
14th Mar 20245:19 pmPRNTransaction in Own Shares
14th Mar 202412:14 pmPRNNet Asset Value(s)
13th Mar 20245:51 pmPRNTransaction in Own Shares
13th Mar 202411:54 amPRNNet Asset Value(s)
12th Mar 202411:39 amPRNNet Asset Value(s)
11th Mar 202412:27 pmPRNNet Asset Value(s)
8th Mar 202412:58 pmPRNNet Asset Value(s)
8th Mar 202410:45 amPRNDirector/PDMR Shareholding
7th Mar 202412:20 pmPRNNet Asset Value(s)
6th Mar 202412:19 pmPRNNet Asset Value(s)
6th Mar 20247:00 amPRNTotal Voting Rights
5th Mar 202412:02 pmPRNNet Asset Value(s)
5th Mar 20247:00 amPRNTotal Voting Rights
4th Mar 20246:29 pmPRNTransaction in Own Shares
4th Mar 202411:38 amPRNNet Asset Value(s)
1st Mar 20245:41 pmPRNTransaction in Own Shares
1st Mar 202411:49 amPRNNet Asset Value(s)
1st Mar 20247:00 amPRNTotal Voting Rights
29th Feb 202411:32 amPRNNet Asset Value(s)
28th Feb 20245:32 pmPRNTransaction in Own Shares
28th Feb 202411:22 amPRNNet Asset Value(s)
27th Feb 202411:11 amPRNNet Asset Value(s)
27th Feb 20247:00 amPRNTotal Voting Rights
26th Feb 202412:14 pmPRNNet Asset Value(s)
26th Feb 202410:22 amPRNPortfolio Update
23rd Feb 20245:17 pmPRNTransaction in Own Shares
23rd Feb 202412:26 pmPRNNet Asset Value(s)
22nd Feb 202411:23 amPRNNet Asset Value(s)
21st Feb 202411:20 amPRNNet Asset Value(s)
20th Feb 202411:56 amPRNNet Asset Value(s)
20th Feb 20247:00 amPRNTotal Voting Rights
19th Feb 202412:33 pmPRNNet Asset Value(s)
19th Feb 20247:00 amPRNTotal Voting Rights
16th Feb 20245:38 pmPRNTransaction in Own Shares
16th Feb 202411:44 amPRNNet Asset Value(s)
15th Feb 20245:22 pmPRNTransaction in Own Shares
15th Feb 202411:39 amPRNNet Asset Value(s)
14th Feb 202412:16 pmPRNNet Asset Value(s)
14th Feb 20247:00 amPRNTotal Voting Rights
13th Feb 202411:33 amPRNNet Asset Value(s)
12th Feb 20245:47 pmPRNTransaction in Own Shares
12th Feb 202411:37 amPRNNet Asset Value(s)
9th Feb 20244:13 pmPRNSubmission of Documents
9th Feb 202412:14 pmPRNNet Asset Value(s)
8th Feb 202412:03 pmPRNNet Asset Value(s)
8th Feb 20247:00 amPRNTotal Voting Rights

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