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PGIT Premier Miton Global Renewables Trust Plc

145.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Premier Miton Global Renewables Trust Plc LSE:PGIT London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 145.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
140.00 150.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 145.00 GBP

Premier Miton Global Ren... (PGIT) Latest News

Real-Time news about Premier Miton Global Renewables Trust Plc (London Stock Exchange): 0 recent articles

Premier Miton Global Ren... (PGIT) Discussions and Chat

Premier Miton Global Ren... Forums and Chat

Date Time Title Posts
27/11/202022:41Premier Global Infrastructure Trust51

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Premier Miton Global Ren... (PGIT) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Premier Miton Global Ren... (PGIT) Top Chat Posts

Top Posts
Posted at 27/11/2020 22:41 by steve3sandal
Agree the PGIT thing. What elsewhere?
Posted at 27/11/2020 21:02 by topvest
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.
Posted at 04/6/2020 12:21 by whilstev
Up another 4.5p must be a rise in price soon.
Posted at 20/2/2020 09:25 by whilstev
Share price catching up with the rise in NAV. I am hopeful for a small rise in the full year dividend due next week.
Posted at 13/7/2019 17:17 by carterit
24073337 preference shares ,to be redeemed at 125.65 p on 30/11/2020=30.248M

Total current assets less liabilities = 55.4 M

Number of ordinary shares=18,088,480
Value of ordinary shares = (55.4-30.248)=25.152M
Value of ordinary shares based on preference shares redemption price of 125.65 in Nov 2020 = 25.152/18,088,480=1.39
Posted at 29/3/2019 14:38 by jonwig
Research note:
Posted at 27/3/2018 09:22 by aleman
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.
Premier Miton Global Ren... share price data is direct from the London Stock Exchange

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