First plunge with Investment trusts

greenglide

It is listed on the UK stock exchange, the dividends are paid in £ sterling and are part of the £5,000 allowance.

I see they are currently doing a share placement at the moment.

I don't hold this IT but I do have several others.

george4064

Thrugelmir wrote: »

Why are commodity stocks undervalued? Taking oil in isolation there's currently an over supply. Nor are prices likely to return to recently seen levels for 20 years. Personally I see little attraction in a broad sense. As Glencore has shown many of these companies are burdened with high levels of debt. Selling off assets is a necessity to simply stay solvent. For others it's a cut back in exploration and capex. Which will result in lower future revenues. I'm waiting until the mist has cleared and there's a little more certainty.

Just over a year on.

My BRCI holding is up 60%
Glencore up by 300% or so..

Contrarian investing. :T

Thrugelmir

george4064 wrote: »

Just over a year on.


Glencore up by 300% or so..

Contrarian investing. :T

So are you selling out?

george4064

Thrugelmir wrote: »

So are you selling out?

I dont hold Glencore, but I do have BRCI. Yes I am holding. :cool:

Thrugelmir

george4064 wrote: »

I dont hold Glencore, but I do have BRCI. Yes I am holding. :cool:

So you don't actually put your money where your mouth is.

I was buying into City Natural Resources last year so achieved a 45% gain plus dividends. Didn't expect the bounce back to happen so quickly. Still have ? marks over individual companies.

george4064

george4064 wrote: »

Any people here invested in BlackRock Comms Income IT (BRCI)?

Been thinking about investing in it, to get a broad exposure to the undervalued commodity stocks that have taken a hammering lately...

Thrugelmir wrote: »

So you don't actually put your money where your mouth is.

I was buying into City Natural Resources last year so achieved a 45% gain plus dividends. Didn't expect the bounce back to happen so quickly. Still have ? marks over individual companies.

I did put my money where my mouth is, hence I bought BRCI back in February 2016.

takesyourchances

TCA wrote: »

The £5k 0% band covers all dividends, whether UK or overseas.

Thanks very much for that as I would like to add this IT to my portfolio and wanted to be sure on this. Much appreciated!

bigadaj

takesyourchances wrote: »

Thanks very much for that as I would like to add this IT to my portfolio and wanted to be sure on this. Much appreciated!

It's at quite a large premium currently though, which may or may not be a factor.

takesyourchances

bigadaj wrote: »

It's at quite a large premium currently though, which may or may not be a factor.

I seen the premium is quite large, I had similar althought not as large when entering the Murray International IT (8% around at the time) and in time it worked out and it sung around as I added drip feed amounts.

I was thinking to stomach this premium with HICL to get the holding started and will add to it over time and I buy to hold looking to the very long term for dividends.