Premier Eng. Share Discussion Threads

[aleman] 27/6/2016 18:56

Big rise in NAV on Brexit day.

[aleman] 07/6/2016 13:41

I see OPG, the largest invetment at 9.9%, is to start paying dividends. It always worried me that PEW comitted so much to OPG, and it has suffered as OPG's price has fallen, but at least we should see some stronger income on the back of it. The expected maiden dividend (with an initial target of 15% payout) should have a yield of around 1.5% . If OPG equates to just under 14p of PEW assets, then that should add 0.2p to PEW income. That 0.2p should be in a position to grow quite quickly, although OPG is still prioritising debt repayment and has growth aspirations. It should be warned that OPG shares have fallen as expansion timelines have been missed, although they do seem to be getting there slowly.

[aleman] 28/4/2016 11:13

Premier Energy and Water Trust PLC

Premier Energy and Water Trust PLC announces an unchanged first interim dividend for the year ending 31 December 2016 of 1.9 pence per ordinary share. This first interim dividend will be paid on 30 June 2016 to members on the register at the close of business on 3 June 2016. The Ordinary shares will be marked ex-dividend on 2 June 2016.

The Directors have previously indicated that they expect that the total dividend for 2016, in the absence of unforeseen or exceptional circumstance, will be at least 8.00p per ordinary share. This expectation remains intact.

28 April 2016

Enquiries:

Premier Fund Managers Limited + 44 (0) 1483 30 60 90
Nigel Sidebottom
James Smith
Claire Long

[aleman] 21/4/2016 10:40

I can't see this placing getting far. It has to enhance NAV so outsiders must have to pay over NAV to get new shares issued. PEW rarely trades at a premium so I don't see any shares gettign issued in the next year. It seems a waste of time - or am I missing something?



Perhaps, the zeroes are expected to trade at a premium as interest rates turn increasingly negative and they can issue new shares if the premium on the new zeroes exceeds the discount on the ordinaries. I suppose that makes sense.

[aleman] 13/4/2016 13:53

NAV starting to show a little life - 145.23p.

[aleman] 26/2/2016 10:29

I remain a little concerned about the size of PEW's largest holding but OPG produced a good trading update, today. It look set to start paying dividends soon. That and the return of capital that PEW have to reinvest from REG mean that prospects look good for dividend rises from this year's payout of at least 8p (6.6% yield). I've noted the chart suggests the shares are about to break the downtrend or lurch downwards. The latter seems highly unlikely without some bad wider market news so I'm guessing the shares are about to start making progress again. I've topped up.

[aleman] 02/2/2016 12:28

Prospective dividend reduced to at least 8p - but there will be a return of capital to reinvest which should help that a bit.

[praipus] 02/2/2016 12:28

So dividend reduction out of the way.



Is that all the bad news? Will the price rise now?

[shavian] 04/1/2016 18:55

Almost all buys today, with OPG firming up. Hope springs eternal!

[mbu69] 10/12/2015 15:16

yes i have the zero's and i'm electing to take the cash rather than rolling over. The 4.75 GRY on the 2020 zero's seems a little low.

[praipus] 10/12/2015 11:40

Any holders of PEWZ here?

Prospectus for the new Z's

[praipus] 10/12/2015 11:38

How scary is this?


"
10 December 2015

Premier Energy and Water Trust PLC

Notification of expected breach of Investment Restriction

Premier Energy and Water Trust PLC (the Company) operates under a number of
investment restriction and one of these requires that not more than 20% of its
gross assets are exposed to the creditworthiness or solvency of any one
counterparty. The Company is required to make an announcement if it breaches
this investment restriction. Over the next few weeks the Company expects to
hold an increasing proportion of cash with its principal banker ahead of the
potential repayment of all or part of the existing zero dividend preference
shares (ZDPs) issued by its subsidiary PEWT Securities Ltd. This will result
in a breach of the 20% limit. The existing ZDPs redeem on 31 December 2015 and
the existing ZDP shareholders who have elected for the cash option are expected
to receive their cash consideration by 8 January 2016. After this date the
Company expects to operate in compliance with all of its investment
restrictions.

END
"

[mrphil] 02/12/2015 17:18

Let's hope they forgot xd has changed from Wednesday's then!

[skinny] 02/12/2015 17:13

And it's ex-dividend tomorrow @2.65p!

[mrphil] 02/12/2015 17:11

What's with the big fall today, or am I missing something?

[skinny] 02/12/2015 16:31

Released 11:35 02-Dec-2015


Premier Energy and Water Trust PLC announces that at close of business on 30 November 2015 its twenty largest investments were as follows:

% of total assets
OPG Power Ventures 8.0
Renewable Energy Generation 4.8
China Power Intl. Develop 4.2
National Grid 3.5
Nextera Energy 3.3
Beijing Enterprises Holdings 3.2
SSE PLC 3.2
First Trust MLP and Energy Income Fund 3.0
iShares Global Utilities ETF 2.9
China Everbright Intl. 2.8
Engie 2.6
EDP – Energias do Brasil 2.5
Greenko Group Ord and 8% Bond* 2.5
Pennon Group 2.4
Qatar Electricity & Water 2.3
Enersis 2.2
ACEA 1.8
TerraForm Global 9.75% Bond 15/08/2022* 1.8
Tenaga Nasional Berhad 1.8
Transelectrica 1.7
* Holding in both convertible bond and equity