The Lemon Fool

ReallyVeryFoolish wrote:

Wuffle wrote:I have a bagger.

Generally I made an awful hash of the Covid dip so hold the applause.
I will be hanging on I think. The momentum seems to be holding in the raw commodities.

W.

Well done. I am a relative late comer to BERI but since buying in the mid 80's a few weeks/months back I am very happy with the price appreciation. As well as the dividends that I originally bought it for. Hanging on to this one too, I think there may be more to come.

RVF

monabri wrote:https://citywire.co.uk/investment-trust-insider/news/how-blackrock-energy-and-resources-made-94-return-trading-zero-carbon-transition/a1510714?re=85495&ea=91468&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly

"Mark Hume, co-manager of BlackRock Energy and Resources Income (BERI), explains how the trust played both sides of the clean energy transition to generate a remarkable 94% shareholder total return in the past year after the pandemic crash."

Keep up the good work!

monabri wrote:https://www.investegate.co.uk/blackrock-energy-and-resources/prn/dividend-declaration/20210914154721PC47F/


"BLACKROCK ENERGY AND RESOURCES INCOME TRUST PLC

ANNOUNCEMENT OF QUARTERLY INTERIM DIVIDEND

14 September 2021

The Board of BlackRock Energy and Resources Income Trust plc is pleased to announce that the third quarterly interim dividend in respect of the financial year ending 30 November 2021 of 1.00 pence per ordinary share has been declared by the Directors, payable on 19 October 2021 to holders of ordinary shares on the register at the close of business on 24 September 2021 (ex-dividend date is 23 September 2021). The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 29 September 2021."

I wonder where all those big dividends from Rio & BHP are?

richfool wrote:I noted that BRWM had managed to increase its dividend, so why not BERI.

monabri wrote:https://www.investegate.co.uk/blackrock-energy-and-resources/prn/dividend-declaration/20211209105207P5E8C/

"The Board of BlackRock Energy and Resources Income Trust plc is pleased to announce that a fourth quarterly interim dividend in respect of the year to 30 November 2021 of 1.10p per ordinary share (an increase of 10% compared to the previous quarterly dividend) has been declared by the Directors, payable on 14 January 2022 to holders of ordinary shares on the register at the close of business on 17 December 2021 (ex-dividend date is 16 December 2021).

This gives total ordinary dividends of 4.10p per share for the year ended 30 November 2021 against a target of 4.0p per share."

"....the Board is also pleased to announce that it is increasing the annual dividend target for the Company for the year to 30 November 2022 to 4.40p per share (an increase of 10% compared to the previous target). The Company will aim to meet this target dividend next year and beyond, primarily from a mix of dividend income from the portfolio and revenue reserves..."

BullDog wrote:Very nice to see BERI closing in on 150p. Given the highly cyclical nature of this trust's underlying holdings, I am wondering about taking the handsome profit here. Presently I am maybe ~80% up on purchase price and see an opportunity to recycle profits into a higher yield somewhere. What are other holders thinking? Thanks.

PrefInvestor wrote:

BullDog wrote:Very nice to see BERI closing in on 150p. Given the highly cyclical nature of this trust's underlying holdings, I am wondering about taking the handsome profit here. Presently I am maybe ~80% up on purchase price and see an opportunity to recycle profits into a higher yield somewhere. What are other holders thinking? Thanks.

Well its a personal choice isnt it, I hold BERI, BRWM & CYN as an inflation hedge and I dont see the mining/commodities/oil&gas price boom that has driven the SP up as anywhere near over yet. Some might want to top slice if they can see a good opportunity elsewhere, not quite sure where that would be right now - but its definitely an option.

Good luck whatever you decide to do.

ATB

Pref

richfool wrote:I have been adding to renewable energy holdings recently, with the thinking that they will be less volatile and represent something of alternative asset class to straight equities in the event of a selloff. They also provide a good dividend income.

BullDog wrote:Thanks for the replies. I am still overweight energy stocks, both conventional and renewables. I sold 2/3 my Shell holdings at 2400p but still overweight energy as a whole. I think I would like to top slice my BERI and remain in for an almost free ride. But there's no obvious higher yielding candidates that I haven't already topped up from the Shell sale. Thanks again.

PrefInvestor wrote:

richfool wrote:I have been adding to renewable energy holdings recently, with the thinking that they will be less volatile and represent something of alternative asset class to straight equities in the event of a selloff. They also provide a good dividend income.

Me too richfool and am quite heavily overweight in renewables holding all of BSIF, FSFL, JLEN, NESF, TRIG & UKW (and GRID & GSF but they arent really renewables IMHO) as I am !. Just hoping we dont get a windfall tax !.

ATB

Pref

PS Just waiting ATM to see how much my BSIF subscription gets scaled back