In QuotedData’s morning briefing 24 August 2022:
- BlackRock World Mining (BRWM) has posted its interim results for the six months to 30th June. Over the period, the trust’s NAV fell by 1.7% while its share price rose by 1.8%. This compares with a 4.3% fall from its index. Net revenue earnings were 20.07p per share, representing an increase of 7.7%. Despite the broader market turmoil, the income generated to date this year has been positive though some investee companies are choosing to prioritise share repurchases over dividends to shareholders. The board has announced a second quarterly dividend of 5.50p per share which will be paid on 30 September 2022. BRWM’s chair said: ‘Mining companies are generally in robust financial shape today with strong balance sheets and high levels of free cash flow being generated. Supply and demand in mined commodity markets is also generally tight and prices look well-supported. The transition to net zero carbon emissions will continue to create investment opportunities in those companies that service the associated supply chains.’
We also have interim results from JPMorgan American.