Premier Miton Global Ren... Share Discussion Threads

[steve3sandal] 27/11/2020 22:41

Agree the PGIT thing. What elsewhere?

[topvest] 27/11/2020 21:02

I've exited after having a small holding for 10 years. 150p was my intended exit price. Only a c4% total return per annum over 10 years which is poor. Ultimately, this trust is over-active, over leveraged, too small and has too high a cost base. Much better opportunities elsewhere.

[aleman] 26/11/2020 08:18

New thread after name change:

[praipus] 02/9/2020 19:47

Futures hedge was interesting too

[praipus] 02/9/2020 19:44

Your not alone :)

[aleman] 06/8/2020 10:53

I'm still concerned about gearing and recession/second wave of Covid but the results showed some good stability and renewables tend to be higher rated than other energy so the 8% yield has tempted me to buy some. I just wish I'd bought on a 13% yield in March!

[whilstev] 06/8/2020 09:54

I like the shift in emphasis in the portfolio to renewable energy. This I feel will be a positive for the trust as it will become more attractive to investors wanting to be in that sector. The earnings holding up well in the last 6 month period so the dividend looks secure.

[whilstev] 09/6/2020 12:45

NAV hitting 130.

[whilstev] 04/6/2020 13:21

Up another 4.5p must be a rise in price soon.

[whilstev] 03/6/2020 11:53

Had a small top up today at 111.5 so with dividend looking secure at the moment a nice 9%+ yield. Think the nav should be looking even better soon.

[neilyb675] 17/4/2020 08:32

95.00 - 114.00 (GBX) at 08:22:15
on Market (LSE)

[neilyb675] 15/4/2020 12:12

You seem to have answered your own question there.

[robsy2] 15/4/2020 08:04

Thanks neilley

You ask How do you mean if it will continue or not. Why wouldn't it?


Well it's 2020, so they have a continuation vote this year.I don't know if continuance is a formality or not or indeed who decides? .
Maybe it will be wound up? Maybe the powers to be at Premier Miton will decide the trust is too small to be of interest.The charges are 3.5% plus and the spread is 10% plus so it has limited appeal or they could go down the opposite road and get it up to a more viable size.

Some nice looking assets and an impressive dividend track record are the bull points.

[neilyb675] 14/4/2020 08:40

Does anyone know if this will continue or not and if it doesn't, how would that affect holders?
Any ideas on bid offer spread here ?

____________________________________________________

How do you mean if it will continue or not. Why wouldn't it.

From the most recent results (outlook):

The Company performed well in 2019, with a strong investment performance leading to a higher NAV, reduced gearing, and improved asset cover for the ZDP shares.
2020 will see many challenges, not least the progress of trade discussions between the UK and the EU, the US/China trade dispute, and the US presidential election. Already in 2020 we have had to contend with a flare up in tensions between the US and Iran, and also the Coronavirus outbreak in China. The virus has now spread beyond China, but at the time of writing the extent of its spread, and its consequent impact on the global economy, remains to be seen.
Your Board is particularly conscious of the maturity of the ZDP Shares in November 2020, and together with the Manager, will ensure the investment approach is appropriate for all shareholders with this in mind.
Despite the ever challenging geo-political backdrop, your Company’s portfolio is attractively valued and holds high quality asset-backed companies with growing earnings. In addition the portfolio contains several pockets of deep value in emerging markets. As such we remain optimistic about the continued performance of the Company.

This morning you can buy:

2000 @ 98.35p

This morning you can sell:

2000 @ 87.25p

Spread therefore is 11.10p which is 12.7%.

This is a yielding stock not a trading stock.

[robsy2] 14/4/2020 07:22

I've just discovered this . It looks good to me . Does anyone know if this will continue or not and if it doesn't, how would that affect holders?
Any ideas on bid offer spread here ?
If you have any info you can pass on I'd be grateful.
Best

[neilyb675] 26/3/2020 16:48

Yep was mispriced.

[skinny] 05/3/2020 07:34

.

Key performance indicator

The key performance indicator of the Company is the ZDP Share Cover. This is based on the Parent Company’s Gross Assets less Current Liabilities divided by its shareholders’ funds at the end of each year (the ZDP Shares will have a final capital entitlement of 125.6519p on 30 November 2020, equivalent to a gross redemption yield of 4.75%, subject to there being sufficient capital in the Parent Company).

At 31 December 2019 the ZDP Share Cover was 1.76x (2018: 1.49x).

[neilyb675] 26/2/2020 07:56

Its a beauty.

[whilstev] 26/2/2020 07:55

Oh well dividend maintained I suppose in the current environment the prudent thing to do.

[skinny] 20/2/2020 09:39

Net Asset Value