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Aktien New York: Gewinn­mit­nahmen zum Wochenende - Apple bleiben unter Druck


Donnerstag, 16.02.2017 17:25 von PR Newswire

PR Newswire

All information is at 31 January 2017 and unaudited.
Performance at month end with net income reinvested
One Three Six One Three Five
Month Months Months Year Years Years
Net asset value 2.2% 8.8% 20.3% 79.8% 5.7% -10.3%
Share price 1.6% 10.3% 31.9% 84.5% 7.6% -9.1%
Sources: Datastream, BlackRock
At month end
Net asset value – capital only: 86.17p
Net asset value cum income*: 87.12p
Share price: 89.13p
Premium to NAV (cum income): 2.3%
Net yield: 5.6%
Gearing - cum income: 4.2%
Total assets^: £115.2m
Ordinary shares in issue: 118,768,000
Gearing range (as a % of net assets): 0-20%
Ongoing charges**: 1.4%
* Includes net revenue of 0.95p.
^ Includes current year revenue.
** Calculated as a percentage of average net assets and using expenses, excluding any interest costs and excluding taxation for the year ended 30 November 2016.
Sector Analysis % Total Assets Country Analysis % Total Assets 
Integrated Oil 20.3 Global 49.0
Exploration & Production 18.3 USA 21.5
Diversified Mining 16.9 Canada 9.0
Gold 13.1 Latin America 4.4
Copper 6.9 Africa 3.5
Silver 3.7 Australia 3.2
Distribution 3.5 Europe 2.6
Nickel 2.8 Asia 0.4
Fertilizers 2.1 Net current assets  6.4
Oil Services 1.9 -----
Agriculture Science 1.7 100.0
Diamonds 1.6 =====
Steel 0.8
Net current assets 6.4
Ten Largest Investments (in % of Total Assets order)
Company Region of Risk % Total Assets
Royal Dutch Shell ‘B’ Global 6.1
First Quantum Minerals Global 6.0
Rio Tinto Global 5.9
ExxonMobil Global 5.4
BHP Billiton Global 4.0
Barrick Gold Global 3.0
Norilsk Nickel USA 2.8
ConocoPhillips USA 2.7
Anadarko Petroleum USA 2.6
Enbridge Income Fund Trust Canada 2.6

Commenting on the markets, Olivia Markham and Tom Holl, representing the Investment Manager noted:
The Company’s NAV rose by 2.2% during the month (in GBP terms with income reinvested).
Global markets made gains in January, with the Dow Jones Index crossing the 20,000 barrier for the first time ever. Markets were generally supported by robust economic data such as strong European and Chinese PMI’s.  January also saw the inauguration of the new President of the United States. Since taking office, President Trump has generally reiterated support for the domestic oil and gas industry, approving the construction of the Dakota Access and Keystone XL pipelines on the basis of job creation. The Keystone XL pipeline had been blocked by the previous administration on environmental grounds, with scepticism over the long-term job creation prospects.
In the energy sector, there was little change in oil prices during the month, with Brent gaining +0.7% and WTI falling by -1.9%, to finish the month at $56/bbl and $53/bbl.  The month also saw the first meeting of OPEC and non-OPEC members since the announcement of the co-ordinated cut. Early data and rhetoric from producers has been encouraging, but the cuts will, in our view, need to show up in real-time data before we see oil prices react. Oil prices were also held back by a moderate build in US inventories.
After a difficult December, the mining sector returned to trending upwards in January, buoyed by mined commodity prices remaining at elevated levels and some recording further price gains.  The commodity price strength seen last year has led to a dramatic improvement in free cash flow in the mining sector and companies are now looking to return capital to shareholders. The base metals saw strong performance with copper, aluminium and zinc strengthening +8.5%, +6.5% and +11.5% respectively, however nickel bucked this trend declining -0.7%. 
Elsewhere the gold price started the year at $1,160/oz and climbed +4.7% to finish the month at $1,211/oz.  This appeared to be driven by increased safe-haven buying interest perhaps in response to the unpredictability of President Trump’s policies and US dollar weakness on the back of declining treasury yields. 
16 February 2017
Latest information is available by typing on the internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV terminal).  Neither the contents of the Manager’s website nor the contents of any website accessible from hyperlinks on the Manager’s website (or any other website) is incorporated into, or forms part of, this announcement.