Blackrock Kelso Capital (BKCC) (BKCC)

[dubc]

. .



. . There is a whale circling . .




. . ; )

[redfalcon2]

Sooner or latter this will break out.been in sometime now. Glty

[FloatinGator]

someone is working very diligently to make sure this doesn't close above 6.54... sell trades right at the close last 2 days to push it back down...

[FloatinGator]

RSI 26 Close 6.52

http://stockcharts.com/h-sc/ui?s=BKCC&p=D&b=5&g=0&id=p81238311210&a=562279374

[soflodiver]

Bottom?

[toproller]

Hi

[soflodiver]

This looks like it's going to test 7.90 resistance again.

[redfalcon2]

Nice day in BKCC land.

[redfalcon2]

What are we looking for here a 21 cent divi or am I wrong. A little late on the news.tia

[TheFinalCD]

.95 WTFREAK ANYONE KNOW HOW MANY SHARES WENT OFF UNDER A DOLAR

[redfalcon2]

You called that,got to pick up more next week. glty

[adamp]

Anyone still around here? Looking forward to a small run leading up to earnings... no reason to believe earnings will disappoint.. should get back to the 9s hopefully.

[redfalcon2]

Don't have a lot of shares but got in this week.let's see what happens like to add more if things improve. long BKCC.

[Tech Master]

Solid quarterly results and stable dividend again. Analyst upgrade today as well.

Looking good.

[Tech Master]

Pretty decent entry point at this level today.

[johnsyn]

I think the masses have agreed with that today, just not heavily, dipping their toes back in, hoping to not get scalded.

I see you find Seeking Alpha a good source-I like market currents and don't pay too much attention to the armchair investor articles-such as this author is strickly a long-term investor. Funny he only invests in the one REIT.

[Tech Master]

A story about mREIT fears being overdone:

http://seekingalpha.com/article/291551-mreit-concerns-are-overblown-good-buying-opportunity?source=yahoo

[johnsyn]

And today, all the REITs are recovering.

[johnsyn]

Here's another mention on it thru SEEKING ALPHA-
Friday, September 2, 4:55 PM Mortgage REITs American Capital Agency (AGNC), Hatteras Financial (HTS), and Capstone Mortgage (CMO) have moved lower since the SEC announced on Wednesday it will seek comment on removing tax and leverage exemptions. Citi is doubtful the SEC will remove them, but cautions dividends would plunge if they do.

[johnsyn]

au contrair- the REITs took a royal beating since the announcement.

[Tech Master]

1) BKCC isn't a REIT. Its a BDC.

2) The SEC's request will have zero impact on the mREIT industry even if they regulate them as investment companies.

[johnsyn]

yep, too bad the SEC announcement about revamping a 1940 rule spooked everyone away from REITs again

[Tech Master]

10 days to ex-div. Kind of a freebie IMO.

[johnsyn]

glad you're happy with them and that they're doing better. Had them and when bad comments kept driving it down, was losing my butt and got out at loss.

[Tech Master]

BKCC didn't do a good job in 2010 or Q1 compared to their peers. They were too conservative and it effected their growth. However, the turned it up as was evident in their Q2 results.
The 12+% yield is a tasty treat.... especially when the NAV approaches $10 bucks now.

Management's style works will in choppy waters like today. They have a very balanced portfolio and they will steer through nicely. I really like BDCs in this climate. When banks aren't lending... BDC print money from leveraged loans.

[johnsyn]

Perhaps it was the ETNs that hold it, that was my thought problem:

http://seekingalpha.com/article/266384-new-bdcs-etn-gives-exposure-to-business-development-companies

[johnsyn]

here's first article that deals with negative recovery (You could be very right in the no expiration/withdrawal)

http://www.fool.com/investing/general/2011/06/20/is-blackrock-kelso-capitals-management-creating-va.aspx?source=itxsitmot0000001&lidx=4

[Tech Master]

What expiration date? BDCs do not have expiration dates. Please post a link of the "expiration" you are referring to...

The company announced it will continue to buy back shares as well.... I think that you're wrong here.

[johnsyn]

Actually, I don't think it will recover too much, it does have an expiration date, and like some other trusts I've seen with gigantic yields, once it's announced, it is slow death. If you own presently and have been taking divies, all is well.

[Tech Master]

BKCC is going to recover quickly from here. BKCC's conservtive style makes BKCC a good stock to own in this environment. If the banks tighten, BDC's still have money to put to work. BKCC has a low risk portfolio and offers an attractive yield to investors.

[johnsyn]

ex-dividend date of 6/15 coming up, so stock should climb despite the market problems. Nice to see you here, Techmaster, go YNDX and BKCC

[Tech Master]

Added shares today below $10.30. Dividend payment of 32 cents to shareholders of record on March 18 and a current NAV valuation of $9.62 makes share accumulation here pretty attractive. Possible dividend reduction later on is possible, but the company has a lot of dry powder to deploy right now. jmo

[Tech Master]

Right back to the offering price... that was predictable. Now back over 12...

[Tech Master]

BlackRock Kelso Capital Corporation (NASDAQ: BKCC) (“BlackRock Kelso Capital” or the “Company”) announced today that it has priced its public offering of 6 million shares of its common stock at an offering price of $11.95 per share, raising $71.7 million of gross proceeds. The Company has granted the underwriters an option to purchase up to an additional 900 thousand shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on October 22, 2010.

[Tech Master]

BlackRock Kelso Capital plans stock offering

BlackRock Kelso Capital plans stock offering to pay off debt, invest in companies

Monday October 18, 2010, 5:36 pm EDT
NEW YORK (AP) -- BlackRock Kelso Capital Corp. said Monday it plans to sell 6 million shares of common stock in a public offering.

The firm, which provides loans and debt securities to middle-market companies, said it will use the net proceeds to pay off debt and make investments in portfolio companies, which include Water Pik Inc. and Sentry Security Systems.

The date of the offering and the share price haven't been set. Citi, Bank of America Merrill Lynch, Credit Suisse and UBS Investment Bank are joint bookrunning managers for the offering.

BlackRock Kelso shares fell 80 cents, or 6 percent, to $11.88 in after-hours trading, having closed earlier up 17 cents at $12.69. Stock offerings increase the number of a company's shares outstanding, diluting current shareholders' stakes.

The company currently has about 65.5 million shares outstanding.

[Tech Master]

Earnings Calll November 4.

NEW YORK--(BUSINESS WIRE)-- BlackRock Kelso Capital Corporation (NASDAQ:BKCC - News) (“BlackRock Kelso Capital” or the “Company”) announced today that it will report earnings for the quarter ended September 30, 2010 on Thursday, November 4, 2010 prior to the opening of the financial markets.

BlackRock Kelso Capital invites all interested persons to attend its webcast/teleconference call at 4:30 p.m. (Eastern Time) on Thursday, November 4, 2010 to discuss its third quarter 2010 financial results. The Company’s third quarter earnings release will be available in the investor relations section of its website, www.blackrockkelso.com.

Members of the public who are interested in participating in the teleconference should dial, from the United States, [phone], or from outside the United States, [phone], shortly before 4:30 p.m. on Thursday, November 4, 2010 and reference the BlackRock Kelso Capital Corporation Conference Call (ID Number 11463403). A live, listen-only webcast will also be available via the investor relations section of www.blackrockkelso.com.

Both the teleconference and webcast will be available for replay by 7:30 p.m. on Thursday, November 4, 2010 and ending at midnight on Thursday, November 11, 2010. To access the replay of the teleconference, callers from the United States should dial [phone] and callers from outside the United States should dial [phone] and enter the Conference ID Number 11463403. To access the webcast, please visit the investor relations section of www.blackrockkelso.com.

[Tech Master]

New 52 week high today.

[Tech Master]

Any quarterly earnings estimates? I am goingto guess that the 32 cent dividend will be mainatined and that the special dividend will be distributed.

[Tech Master]

The presentation is no longer available via that link but it is on the company's web site.

Impressive.

[Tech Master]

Form 8-K for BLACKROCK KELSO CAPITAL CORP

13-Aug-2010

Regulation FD Disclosure


ITEM 7.01. REGULATION FD DISCLOSURE.
On August 13, 2010, BlackRock Kelso Capital Corporation (the "Company") posted to its website an August 2010 investor presentation.

The presentation is available at
http://blackrockkelso.com/InvestorRelations/Presentations/index.htm.

The information disclosed under this Item 7.01 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

[Tech Master]

Should be an interesting conference call coming up. I'd like to learn whats going to happen to the 2009 dividend holdover and when it will be distributed. $.42 cents is meaningful if its pushed out as a special dividend.

I'm expecting a nice NAV bump as well.

[Tech Master]

BKCC to report earnings ahead of the bell tomorrow. Should be a good quarterly result given the strong performance from other BDC's this quarter.

I added to my position today ahead of tomorrow's earning announcement.