BlackRock New Energy Investment Trust (LSE:BRNS) Shares Outstanding (Basic Average) : 234.98 Mil (As of Oct. 2013)

BlackRock New Energy Investment Trust Shares Outstanding (Basic Average) Chart

BlackRock New Energy Investment Trust Annual Data
	Trend	Oct04	Oct05	Oct06	Oct07	Oct08	Oct09	Oct10	Oct11	Oct12	Oct13
Shares Outstanding (Basic Average)		Get a 7-Day Free Trial					243.75	246.09	243.13	234.93	234.97

BlackRock New Energy Investment Trust Semi-Annual Data
	Apr04	Oct04	Apr05	Oct05	Apr06	Oct06	Apr07	Oct07	Apr08	Oct08	Apr09	Oct09	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13
Shares Outstanding (Basic Average)	Get a 7-Day Free Trial															239.55	234.91	234.95	234.97	234.98

BlackRock New Energy Investment Trust Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

BlackRock New Energy Investment Trust  (LSE:BRNS) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

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BlackRock New Energy Investment Trust (LSE:BRNS) Business Description