Premier Miton Global Ren... Share Discussion Threads

[whilstev] 09/3/2023 16:38

Discount near 20%. Very disappointing, thought this would be a relatively safe area of the market to be in - got that wrong. Am holding long term now with yield over 5% and surely they will be able to increase this over the next couple of years to compensate me.

[aspringo] 09/3/2023 15:33

Taken leave of my senses, bought more at 1.36. I think I'm the only one.Good luck any holders left.

[aspringo] 01/3/2023 09:51

Agree with previous post, I'm up to 20k now. That was another 5k of mine today. Why it was a split deal at 145.3??Part.of my SIPP, so hopefully it all comes good with time. Same as JARA, SEQI etc.

[whilstev] 01/3/2023 09:31

PMGR has become a bit of a play on gilt yields slash interest rates so as the market worries about higher interest rates for longer the renewable sector is looking less attractive. We will have to wait for the balance between dividend yields and gilt yields to be more in our favour for PMGR to become more popular. Possibly later this year when interest rates will stop rising and maybe pressure for them to be cut again we will see PMGR become more fashionable. Hopefully a rise in the dividend this year will compensate while we wait. Long term I think this is a strong hold.

[dickiehhh] 28/2/2023 11:25

Anyone know why price continues to fall? Underlying holdings of renewables such as UKW doing fine

[whilstev] 11/11/2022 11:53

Signs of life ?

[novision] 06/4/2022 20:27

NAV up to 212p - 17% discount

[novision] 29/11/2021 13:31

a bit old (Aug 21) but interesting background on the changes which have gone on here.

hxxps://corporate-premiermiton.huguenots.co.uk/srp/lit/ND0kP6/Edison-Investment-Research_Premier-Miton-Global-Renewables-Trust-plc_13-09-2021.pdf

[mancman1] 21/9/2021 14:22

petewy

Are you expecting the dividend to be above the 7p mentioned in the interim report?

[petewy] 04/9/2021 14:07

It's been rising steady with a 5% divi(?)
Top ten
CHINA SUNTIEN GREEN ENERGY CORP LTD 7.00
2 DRAX GROUP PLC 5.50
3 CHINA EVERBRIGHT ENV GRP LTD 5.10
4 NATIONAL GRID 5.10
5 SSE PLC 4.90
6 NEXTENERGY SOLAR FUND 4.70
7 NEW ENERGY SOLAR 4.50
8 RWE AG(NEU) 4.50
9 GRESHAM HOUSE ENERGY STORAGE FD PLC 4.50
10 CHINA LONGYUAN POWER GROUP CORP LTD 4.20


Drax?????

[novision] 15/3/2021 16:40

Anybody know what's going on here? It's up and down like crazy recently.

[mister md] 15/1/2021 21:16

another week of outperforming the overall market here - impressive

[whilstev] 07/1/2021 09:38

Yes its all a question of by how much hopefully not too much. Would hope they can keep the yield at least above 4.5% which given the current NAV is about 8p.The underlying performance of the portfolio itself has been very impressive of late.

[aleman] 06/1/2021 16:03

As I read it, they have no option but to cut the dividend. I sold out on that news. That might be seen as a bad move, given the further rise, but I put the proceeds into stuff that is also doing well, but with a higher dividend yield than is now likely here.

The smaller ZDP issue size will result in a lower level of gearing and will therefore, all else being equal, result in lower volatility of the Ordinary Shares’ net asset value. Also, as there will be a reduction in the size of the Company’s portfolio, its revenue earnings per share and dividend are expected to be lower.

[whilstev] 06/1/2021 13:03

Still holding been my best performing trust over the last 12 months. Just hope they dont feel the need to cut the dividend.

[the deacon] 06/1/2021 09:20

Surprised there's not more interest here. Anyone holding?

[aleman] 27/11/2020 08:10

27 November 2020

PGIT Securities 2020 plc (the “Company”;)

Result of Placing

Further to the announcement on 3 November 2020, the Placing closed at 1:00pm yesterday. The Company is pleased to announce that pursuant to the Placing, PMGR Securities 2025 plc has raised a total of £3.35m from new ZDP shareholders at the issue price of 100 pence. This is in addition to the Rollover elections made by the Existing ZDP Shareholders as announced on 23 November 2020.

14,217,339 New ZDP Shares in PMGR Securities 2025 plc are expected to be issued to satisfy Existing ZDP Shareholders who opted for the Rollover Option and to new ZDP shareholders who have participated in the Placing.

Application will be made for the New ZDP Shares of PMGR Securities 2025 plc to be admitted to the standard listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. Dealings in the New ZDP Shares of PMGR Securities 2025 plc are expected to commence on 1 December 2020. The New ZDP Shares will trade using the ticker PMGZ and under ISIN GB00BNG43G36.

The Proposals remain conditional on the passing of the Resolutions to be proposed at the Second General Meeting, the FCA agreeing to admit to the standard segment of the Official List the Reclassified Shares and the London Stock Exchange agreeing to admit the Reclassified Shares to trading on its main market, and, subject only to allotment thereof, the New ZDP Shares to be issued pursuant to the Issue also being agreed to be admitted

[whilstev] 26/11/2020 09:35

Thanks for the new thread Aleman.

[aleman] 26/11/2020 08:15

Just starting a new thread to follow the company after changing its name from Premier Global Infrastructure Trust (PGIT). Old thread is here: