Date: Thursday 03 May 2012
LONDON (ShareCast) - March was the cruellest month for BlackRock World Mining Trust as its investments in mineral stocks took a bath.
The group reported a 7.6% fall in net asset value (NAV) in March, although the end-March figure still stands 4.3% higher than the end-2011 figure.
Furthermore, the performance in March bested that of the HSBC Global Mining Index, the index against which the trust benchmarks its own performance; the index was down 10.2% in March and was only up 0.8% on the year at the end of March.
Over the past year the NAV is down 16.4%, but up 41.4% over the past five years. It is only over the five-year interval that the trust fails to beat its benchmark index, which rose 46.6% over the five years to the end of March 2012.
The trust's largest holding is Rio Tinto at 9.3% of the portfolio, followed by BHP Billiton at 8.1%.
Gross assets at March 31st were £1,391.6m, with short term borrowings £42.56m.
Gearing stood at 3.2% and the share price discount to the NAV was 11.6%.
The share price fell 0.67% to 665.50p by 14:11.
NR
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Currency | UK Pounds |
Share Price | 564.00p |
Change Today | 5.00p |
% Change | 0.89 % |
52 Week High | 683.00 |
52 Week Low | 492.50 |
Volume | 518,687 |
Shares Issued | 191.18m |
Market Cap | £1,078.27m |
RiskGrade | 138 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Final | Q3 | |
Ex-Div | 21-Mar-24 | 23-Nov-23 |
Paid | 14-May-24 | 22-Dec-23 |
Amount | 17.00p | 5.50p |
Time | Volume / Share Price |
14:32 | 170,380 @ 560.14p |
16:35 | 13,602 @ 564.00p |
16:35 | 165 @ 564.00p |
16:35 | 769 @ 564.00p |
16:35 | 1,858 @ 564.00p |
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