KEEPING CALM MIKE
27 Oct 2016
50p below NAV BLACKROCK WORLD MINING TRUST PLCThe unaudited net asset values for BlackRock World Mining Trust plc at close ofbusiness on 26 October 2016 were:367.18p Capital only (undiluted)374.06p Including current year income (undiluted) Good cushion at 50p below NAV. Think the sector has more recovery, and the weak £ is helping this UK Trust. K.C.
xstar
14 Oct 2016
Re: Citywire - Worth a read ... + 27%overall for the BRWM shares held in my ISA ,built up since Oct 2014..counting in nonDRIP dividends....so up 27% in 2 years..or 13.5% pa...???? ....or,sounding better still......cost about 13k...gain 3.7k... so can I count that as an average investment of 6.5k for 2 years and rough estimate 56% gain equivalent to 25% p.a.?Either way I wish I could say the same dor all my investments over the time I have been investing.. 
xstar
14 Oct 2016
Re: Citywire - Worth a read hi...I'm holding my BRWM shares which I have cautiously / fearfully accumulated over the last 2 years...My holding is up 17% overall.I think I reinvested some dividend income,but have turned off "autoreinvest" / DRIP on all my shares..reasoning that it helps me spread risk by looking for other/better? prospects with the dividend income that accrues.Counting in the dividend income that I have not reinvested in BRWM spices up the return.. I'll check and post when I do that..so its a strong hold from me while they rise and pay 4% ish ( non DRIP)
MJS1234
12 Aug 2016
Citywire - Worth a read [link] World Mining Trust (BRWM) has been the standout recovery story of 2016 with its net asset value (NAV) soaring 92% as the mining industry has rebounded from a five-year bear market. Shares in the investment trust managed by Evy Hambro and Olivia Markham (both pictured below) have struggled to keep pace with the dramatic turnaround in the portfolio but have gained 68% to make it the sixth-best performing closed-end fund so far this year, according to Numis Securities.The question is, can the £536 million fund's remarkable rally continue?So severe was the mining recession shareholders are still nursing a 43% loss over five years, despite the recent revival. As a result Hambro and Markham are cautious about calling the bottom of the market after what they call the sector’s ‘near death experience’ last year.Yet with the ‘peak pessimism’ of the start of the year behind them, the evidence is there to see. With some relief the managers report how mining companies are finally demonstrating financial discipline and that prospects for metal prices are improving due to renewed confidence in China and the strength in the dollar.‘We are well aware that after so many false dawns during the last few years, calling a low for the cycle is a high risk thing to do but given that the last few years have been the worst ever run on record and companies seem to be in better shape now that a year ago it feels more realistic rather than optimistic to be doing so,’ they write in the trust’s annual results.While expressing delight at the 48.6% advance in NAV per share in the first six months of the year, the duo caution that ‘things rarely continue to rally at the same rate for long periods of time’.‘In addition, the rally we have been through is in part a bounce from the very depressed point reached in January, as well as being enhanced by the weakness in the pound post “Brexit”,’ they said.‘If you remove the currency impact, share prices in US dollar terms have returned to levels last seen in June and, with commodity prices supportive of this move, it is likely that we will need to see additional catalysts during the balance of the year to justify further gains.’So far, so good then. The positive tone was, however, offset by bad news on the interim dividend which the board slashed by 43%, from 7p to 4p per share. That was expected, though, after the company held its dividend at its full-year results in March and warned of a collapse in investment income following dividend cuts from major mining groups such as BHP Billiton (BLT All eyes turn to the final dividend next year with the trust saying it will seek to distribute most of the income it receives – and increase the frequency of payments from twice to four times a year in 2017.While a similar cut to the final dividend is likely Numis analyst Ewan Lovett-Turner reckoned that would still leave an attractive level of income for shareholders. ‘Simply doubling the net revenue for the first half would lead to full-year earnings of around 13p, which if distributed would lead to a yield of 4.3%,’ he said in a note to investors. The trust currently yields 4.6%, less than half the level of earlier in the year. Growth not incomeThe company’s new approach to dividends could annoy shareholders who suffered from its previous high yield strategy which came unstuck with the ill-fated purchase of a royalty in London Mining.‘Whilst the dividend is clearly an important part of a shareholder’s total return it is important that investors know that the company will not chase income at the expense of capital appreciation,’ chairman Ian Cockerill reassured shareholders.Cockerill said the board had agreed with BlackRock
dancinglilly
11 Aug 2016
Re: Is the low being tested I am still invested and believe the sector will tick upwards. Still, couldn't help but sold some shares after the strong recovery this year. The dividend is still good considering the cuts some mining companies have made to their dividends.
Hardboy
11 Aug 2016
Interim Dividend Has not been dropped by as much as I feared. 4p. They usually double the interim for the final - so we can expect a FT dividend of 12p. At today's price that is around 4%.Still reasonable.
KEEPING CALM MIKE
09 Aug 2016
Re: Is the low being tested 1 year on and now the stock has been to all time lows, and back over £3.00 !!! Strong hold for me, think thew mining sector will tick ahead steadily.
le vin est par
17 Jul 2016
Re: Gold Producers.. Well done you. If you are not interested in the yield and have another stock that you are wanting to dip your digits into now then why not sell half your BRWM to recoup your original investment and run the remainder as a pure profit play?
Dingledangle
17 Jul 2016
Re: Gold Producers.. "But when do I sell?"If only we knew the answer to such questions. There have been various messiah's throughout history performing miracles, but to my knowledge none have predicted the price of 'peak' gold. One did receive a gift of gold I think, so maybe that says something?
xstar
16 Jul 2016
Gold Producers.. ..I blundered across SPGP awhile ago,and dipped my toes in.. showing 100% gain thus far,I recall reading that gold producers would "gear" the gold price fluctuations...it would have been nice to be in deep, but the risk is always that you would be in deep and worse off, so I am happy.But when do I sell? xstar
itsfatboyjim
11 Jul 2016
Re: Charts show great long term potentia... Brave boy! gl Nige
Nige the snake
11 Jul 2016
Re: Charts show great long term potentia... 90% of my portfolio is gold related
Hardboy
01 Jul 2016
Re: Charts show great long term potentia... Absolutely - in times of economic uncertainty Gold becomes more valuable; and that means gold miners' share price rises.
Nige the snake
01 Jul 2016
Re: Charts show great long term potentia... It may also be to do with what they hold in their Portfolio
Hardboy
30 Jun 2016
Re: Charts show great long term potentia... The recent rise is purely to do with the £ falling against the $.
