Premier Eng. Share Discussion Threads

[aleman] 07/3/2014 17:11

Anybody think it's a little odd that a fund with a stated aim of high income has 8.8% invested in a stock with zero yield and 7.5% in a stock yielding less than 2%?

[aleman] 07/3/2014 16:34

Portfolio update out. 8.8% in OPG. Seems to be doing well and looks promising but 8.8% seems a tad heavy. The recent trebling of their holding in RNWH after they had just doubled seems odd and I'd say the 7.5% in there is too high.

Premier Energy and Water Trust PLC announces that at close of business on 28
February 2014 its ten largest investments were as follows:

% of total assets

OPG Power Ventures 8.8

Renewable Energy Generation 7.5

Kunlun Energy 4.2

Fortune Oil 4.1

China Suntien Green Energy 4.0

GDF Suez 3.6

Ecofin Water & Power Conv 6.00% 3.4

National Grid 3.4

China Everbright Intl. 3.3

SSE PLC 3.1

OPG thread:

[philo124] 06/3/2014 17:12

ex dividendS, lol.

[aleman] 06/3/2014 16:31

I'd forgotten it went ex-dividend yesterday.

[aleman] 03/3/2014 15:29

Amazing how NAV just keeps going up. That's 6p in two days.

[philo124] 27/2/2014 16:39

XD next Wednesday.

[philo124] 20/2/2014 21:03

Fantastic.

[praipus] 18/2/2014 15:49

Increasing WIND holding to 7.54%

[philo124] 11/2/2014 15:07

Great. £1600 up in sip plus divis.

[aleman] 11/2/2014 15:01

Very nice indeed.

Premier Energy and Water Trust PLC announces a fourth interim dividend for the
year ended 31 December 2013 of 5.25p per ordinary share which comprises of a
base dividend of 4.5p base dividend plus a further 0.75p additional dividend
paid in accordance with the policy announced in August 2013 to run down the
Company's accumulated revenue reserve by the scheduled wind up date of 31
December 2015. Excluding the additional dividends, the total base dividend in
respect of the year is therefore 10.00p per ordinary share, an increase of 7.5%
over the 9.30p per ordinary share in respect of the year ended 31 December
2012. This fourth interim dividend will be paid on 31 March 2014 to members on
the register at the close of business on 7 March 2014. The Ordinary shares will
be marked ex-dividend on 5 March 2014.

[oniabsta] 08/2/2014 09:45

Similarly I was wondering if the company had intentions of continuing after the wind up date.
I rang the company (01483 306090)and was fortunate enough to be put through to
James Smith.
The short answer is yes. They would consider the options and the shareholders would vote for the continuance or otherwise.
Of course the Zero's would have to be paid out, they may sell new zero's to replace the gearing.
I got the impression that their consideration of this is still some way off (w/up date 31/12/15)perhaps the middle of next year? (my thoughts not his).

[aleman] 05/2/2014 10:27

Anybody been in a trust as it approached wind up before? I'm wondering when they'll start considering options.

[asmodeus] 05/2/2014 10:26

NAV up a bit now, though.

[asmodeus] 31/1/2014 16:20

Really? NAV down from 170.96 to 158.57 in a week? What am I missing!

[philo124] 31/1/2014 08:55

Pretty good.