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Prices & Quotes - UK Markets - BlackRock World Mining Trust (BRWM)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 644.00p
Change Today:
1.00p
Market Cap:
£1,183.36m
Sector:
Equity Investment Instruments

BlackRock World Mining in bullish mood

By Lee Wild

Date: Thursday 16 Dec 2010

LONDON (ShareCast) - BlackRock World Mining narrowed its discount to net assets in November and thinks mining stocks at these levels are a good buying opportunity, especially with further takeover activity likely.

The trust’s discount to net asset value (NAV) is down to 15% - the lowest in three months - from 17.2% in October.

Managing director and portfolio manager Evy Hambro says the medium to long term outlook for the mining sector appears “robust”, with miners struggling to meet an increase in demand from emerging markets.

“As concerns over a double dip recession ease and commodity prices remain robust, our outlook for the market is positive,” Hambro said in his monthly portfolio update.

“The sector continues to trade near historically low valuations on a variety of metrics, suggesting current levels could represent an attractive entry point to the market for investors. At these levels, we would not be surprised to see further M&A activity within the mining sector.”

The trust grew net assets by 3.9% in November and the shares continued their rally, adding almost 7% over the month to 711.5p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BRWM Market Data

Currency UK Pounds
Price 644.00p
Change Today 1.00p
52 Week High 691.00p
52 Week Low 350.00p
Volume 174,563
Shares Issued 183.75m
Market Cap £1,183.36m

Performance Indicators

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BRWM Dividends

  Latest Previous
  Q1 Q4
Ex-Div 27-May-21 18-Mar-21
Paid 25-Jun-21 06-May-21
Amount 4.50p 8.30p

Trades for 15-Jun-2021

Time Volume / Share Price
10:37 1,166 @ 643.26p
10:34 25 @ 643.84p
10:32 32 @ 643.26p
10:29 4,400 @ 643.86p
10:28 153 @ 643.86p

BRWM Key Personnel

Chair David Cheyne