Premier Eng. Share Discussion Threads

[praipus] 16/10/2015 14:33

You've had a good run. Do you hold PEWZ too?

[aleman] 16/10/2015 13:43

A tip from Skinny at the end of 2012, I believe. I was looking for good value high yield shares. The 35p of dividends and 50%+ capital gain since then seem to confirm it was a good buy.

[praipus] 16/10/2015 11:54

Aleman, when did you first notice PEW and what made you buy originally?

[aleman] 10/10/2015 09:32

Somebody needs to! THey've regularly sung the praises of the investment team. Let's see what they say in the next results about letting links to the wind industry lead them into making a large bad investment when it should have given them a better insight. And they are still carrying another investment at a weight of 8.7%.

[praipus] 09/10/2015 16:22

Lol@ranting away...Aleman you sound like Victor Meldrew :)

[aleman] 09/10/2015 14:49

Looks like PEW will lose 2.2p annual dividend and gain 60p per share acquired so they will have an increased income if they can reinvest on a yield of more than 3.63%, which should not be a problem. I never liked the windfarm investment anyway. I always said it was uneconomic without subsidies and subject to political interference. Good riddance. Shame they lost so much money on it. I hope they learn a lesson from it. As well as not being my favourite investment, they bought too much at 7.7% of the portfolio - now worth much less!!!

[aleman] 09/10/2015 14:33

Well, that adds about 3p to NAV ... but what will it do to income?

[praipus] 09/10/2015 13:28

Offer for PEW's WIND holding

[skinny] 28/8/2015 13:11

What a difference a day makes -

[aleman] 11/8/2015 14:46

Well, I know it won't be the only reason but the £1m loss on Renewable Generation (WIND) in H1 did us no favours at all. They seem to gloss over it a bit. I was always a little uncomfortable with the weightings of the top 3 investments and the ongoing protests about expensive wind subsidies. This is not the way I fancied reducing the weighting! I think I would put that one down to poor judgement. I still think heavy weightings in Chinese companies is a little worrying and would like to see them reduced a touch. I'm not sure the reduced revenue for last year has been explained well enough either. This is supposed to be a stodgy utilities trust with slowly increasing revenues that have been geared up a bit. I know the NAV will move up and down quite a bit with the gearing but I expect underlying revenue to rise. A fall of 11% in revenue per share merits more explanation, I think.

[lizafl] 21/7/2015 10:05

Also utilities have generally been weak because of the prospect of interest rate rises.

[philo124] 21/7/2015 07:51

22.5% exposure to China I guess.

[philo124] 21/7/2015 07:49

Any views on why this has been weak over the last few weeks?

[shavian] 22/6/2015 20:55

OPG Power commences operations at Chennai IV power station. OPG share price on a good rising trend. Looks like this has been missed by PEW investors. Current weakness could be a good opportunity to add.

[skinny] 03/6/2015 16:06

That 200 on the offer has been there for days now - it must give sooner or later.