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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Premier Miton Global Renewables Trust Plc | PMGR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 2.53% | 101.50 | 11:00:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 99.00 | 99.00 | 101.50 | 101.50 | 99.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/02/2024 | Interim | GBP | 0.0185 | 07/03/2024 | 08/03/2024 | 28/03/2024 |
| 09/11/2023 | Interim | GBP | 0.0185 | 30/11/2023 | 01/12/2023 | 29/12/2023 |
| 02/08/2023 | Interim | GBP | 0.0185 | 31/08/2023 | 01/09/2023 | 29/09/2023 |
| 26/04/2023 | Interim | GBP | 0.0185 | 01/06/2023 | 02/06/2023 | 30/06/2023 |
| 01/03/2023 | Interim | GBP | 0.0175 | 09/03/2023 | 10/03/2023 | 31/03/2023 |
| 27/10/2022 | Interim | GBP | 0.0175 | 01/12/2022 | 02/12/2022 | 30/12/2022 |
| 28/07/2022 | Interim | GBP | 0.0175 | 01/09/2022 | 02/09/2022 | 30/09/2022 |
| 28/04/2022 | Interim | GBP | 0.0175 | 01/06/2022 | 06/06/2022 | 30/06/2022 |
| 02/03/2022 | Interim | GBP | 0.0175 | 10/03/2022 | 11/03/2022 | 31/03/2022 |
| 03/11/2021 | Interim | GBP | 0.0175 | 02/12/2021 | 03/12/2021 | 31/12/2021 |
| 22/07/2021 | Interim | GBP | 0.0175 | 02/09/2021 | 03/09/2021 | 30/09/2021 |
| 28/04/2021 | Interim | GBP | 0.0175 | 03/06/2021 | 04/06/2021 | 30/06/2021 |
| 24/02/2021 | Interim | GBP | 0.027 | 04/03/2021 | 05/03/2021 | 31/03/2021 |
| 02/11/2020 | Interim | GBP | 0.025 | 03/12/2020 | 04/12/2020 | 30/12/2020 |
| Top Posts |
|---|
Posted at 26/4/2023 17:53 by whilstev Nice to see a rise in the dividend confirmed as I was hoping.Looks good for full year of about 7.40 pence. |
Posted at 06/4/2023 11:33 by adae Fair comment - double charges, but also double discount.How do they repay the ZDP in 2025? And I can't see much of a route to an increasing dividend. You can get nearly 5% in certain Treasuries. |
Posted at 06/4/2023 11:28 by whilstev Most of the companies it is invested in are themselves currently priced at a discount to their NAV so really the discount for PMGR is really higher than the current 20%. I think this is very generous. Only 3.1% is invested in China. I think if you want to take a position on the renewables sector then this is a good way of doing so. The gearing provided by the ZDP shares mean that if sentiment towards the underlying companies improves then performance of PMGR will accelerate. |
Posted at 06/4/2023 10:49 by adae Hargreaves Lansdown says ongoing charge 4.48%, I can't see where they get that from - possibly including the finance charge on the ZDP?Annual Report says 1.7% - being £395k of management fee, and £482k of operating expenses. I have a problem with that, on a trust that simply invests in others, and has a market cap of all of £25m. You're paying £877k a year on a £25m mkt cap IT in order for someone to stock pick for you, but they're picking many ITs that do themselves have charges, for example Greencoat, Next Energy, Foresight, Octopus. Why not buy those yourself, and pay a single set of fees. The other big problem is Drax being more than 6% of the trust. Burning woodchip is not renewable. At some point, regulation catches up. A number of smaller China investments. China is not investable. I don't see PMGR as cheap, the dividend isn't that high, the discount is reasonable but for a reason, and the overall size is tiny. I'd want a discount twice the current level. |
Posted at 01/3/2023 09:31 by whilstev PMGR has become a bit of a play on gilt yields slash interest rates so as the market worries about higher interest rates for longer the renewable sector is looking less attractive. We will have to wait for the balance between dividend yields and gilt yields to be more in our favour for PMGR to become more popular. Possibly later this year when interest rates will stop rising and maybe pressure for them to be cut again we will see PMGR become more fashionable. Hopefully a rise in the dividend this year will compensate while we wait. Long term I think this is a strong hold. |
Posted at 21/9/2021 15:22 by mancman1 petewyAre you expecting the dividend to be above the 7p mentioned in the interim report? |
Posted at 04/9/2021 15:07 by petewy It's been rising steady with a 5% divi(?)Top ten CHINA SUNTIEN GREEN ENERGY CORP LTD 7.00 2 DRAX GROUP PLC 5.50 3 CHINA EVERBRIGHT ENV GRP LTD 5.10 4 NATIONAL GRID 5.10 5 SSE PLC 4.90 6 NEXTENERGY SOLAR FUND 4.70 7 NEW ENERGY SOLAR 4.50 8 RWE AG(NEU) 4.50 9 GRESHAM HOUSE ENERGY STORAGE FD PLC 4.50 10 CHINA LONGYUAN POWER GROUP CORP LTD 4.20 Drax????? |
Posted at 06/1/2021 16:03 by aleman As I read it, they have no option but to cut the dividend. I sold out on that news. That might be seen as a bad move, given the further rise, but I put the proceeds into stuff that is also doing well, but with a higher dividend yield than is now likely here.The smaller ZDP issue size will result in a lower level of gearing and will therefore, all else being equal, result in lower volatility of the Ordinary Shares’ net asset value. Also, as there will be a reduction in the size of the Company’s portfolio, its revenue earnings per share and dividend are expected to be lower. |
Posted at 06/1/2021 13:03 by whilstev Still holding been my best performing trust over the last 12 months. Just hope they dont feel the need to cut the dividend. |
Posted at 27/11/2020 08:10 by aleman 27 November 2020PGIT Securities 2020 plc (the “Company” Result of Placing Further to the announcement on 3 November 2020, the Placing closed at 1:00pm yesterday. The Company is pleased to announce that pursuant to the Placing, PMGR Securities 2025 plc has raised a total of £3.35m from new ZDP shareholders at the issue price of 100 pence. This is in addition to the Rollover elections made by the Existing ZDP Shareholders as announced on 23 November 2020. 14,217,339 New ZDP Shares in PMGR Securities 2025 plc are expected to be issued to satisfy Existing ZDP Shareholders who opted for the Rollover Option and to new ZDP shareholders who have participated in the Placing. Application will be made for the New ZDP Shares of PMGR Securities 2025 plc to be admitted to the standard listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. Dealings in the New ZDP Shares of PMGR Securities 2025 plc are expected to commence on 1 December 2020. The New ZDP Shares will trade using the ticker PMGZ and under ISIN GB00BNG43G36. The Proposals remain conditional on the passing of the Resolutions to be proposed at the Second General Meeting, the FCA agreeing to admit to the standard segment of the Official List the Reclassified Shares and the London Stock Exchange agreeing to admit the Reclassified Shares to trading on its main market, and, subject only to allotment thereof, the New ZDP Shares to be issued pursuant to the Issue also being agreed to be admitted |
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