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Share Name Share Symbol Market Type Share ISIN Share Description
Premier Global LSE:PGIT London Ordinary Share GB0033537902 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +1.32% 115.00p 113.00p 117.00p 115.00p 113.50p 113.50p 42,852 15:59:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.0 2.3 11.6 9.9 20.80

Premier Global Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
02/10/2018
10:44
Net Asset Value
skinny
27/3/2018
10:16
I think a recession is starting (and not just in UK). SUS today reported a 60% jump in already large loan loss provisions on its subprime auto lending for 2017. I'd say that is a recessionary-sized increase and I very much doubt 2018 is looking any better so far.
aleman
27/3/2018
09:33
thanks for that Aleman. Assumed it was the gearing, also notice a major shareholder has been reducing stake over recent months I will hold on to these for the longer term. Not convinced there will be a major further correction in (UK) market, and happy to collect dividends along the way
mister md
27/3/2018
09:22
Add in the zeroes and the discount is around 8%. Whilst high by recent standards, that is not high for the current market and will not be high if there is a downturn. Discounts can hit 20% or more in a recession. That would be about 45% on ordinaries at current NAV and would get probably get higher if fund value fell nearer NAV of the zeroes. This means ordinaries here are very high risk due to the high gearing which moves NAV up and down quicker and magnifies the discount that the market typically gives to investment trusts with less gearing. One should expect the ordinaries to have a high beta and be very volatile. That's great in a rising market, where a shrinking discount and high gearing will add to NAV increases but what you are seeing is the reverse. A 10% fall in stockmarkets has seen a 30% fall in the ordinaries. Another 5-10% fall in the stockmarket might see the shares fall another 15-30%. After that, the double figure yield will start changing the way the ordinaries are viewed but the gearing will be even higher then. (It's conceivable you could end up with ordinaries NAV of 0p and share price of 20p or 30p in a recession as they are still worth a figure for prospective yield.) If markets rise again these will bounce hard but the economy is stuttering - globally as well as in the UK. (See H&M Q2 numbers out today - sales down in Europe, China and a bit in US) This one is a bit of a rollercoaster thanks to gearing. It's just been oddly calm for several months as it happens. Https://about.hm.com/content/dam/hmgroup/groupsite/documents/en/cision/2018/03/2145888_en.pdf
aleman
15/12/2017
13:41
sorry Guys, just added the news for the Nav's etc
getscenic
15/12/2017
13:28
HTtps://www.premierfunds.co.uk/media/5066/premier-global-infrastructure-trust-trust-factsheet.pdf?dm_i=1I55,5CFVY,F0DMVO,KNESG,1
davebowler
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