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PMGR Premier Miton Global Renewables Trust Plc

0.00 (0.0%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Premier Miton Global Renewables Trust Plc LSE:PMGR London Ordinary Share GB0033537902 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 106.00 6,773 08:00:00
Bid Price Offer Price High Price Low Price Open Price
105.00 107.00 106.00 106.00 106.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -2.15M -4.59M -0.2516 -4.21 19.33M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:58:22 O 2,773 107.50 GBX

Premier Miton Global Ren... (PMGR) Latest News (1)

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Date Time Title Posts
24/8/202312:09Premier Miton Global Renewables Trust31

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Posted at 03/12/2023 08:20 by Premier Miton Global Ren... Daily Update
Premier Miton Global Renewables Trust Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker PMGR. The last closing price for Premier Miton Global Ren... was 106p.
Premier Miton Global Ren... currently has 18,238,480 shares in issue. The market capitalisation of Premier Miton Global Ren... is £19,332,789.
Premier Miton Global Ren... has a price to earnings ratio (PE ratio) of -4.21.
This morning PMGR shares opened at 106p
Posted at 06/4/2023 10:28 by whilstev
Most of the companies it is invested in are themselves currently priced at a discount to their NAV so really the discount for PMGR is really higher than the current 20%. I think this is very generous. Only 3.1% is invested in China. I think if you want to take a position on the renewables sector then this is a good way of doing so. The gearing provided by the ZDP shares mean that if sentiment towards the underlying companies improves then performance of PMGR will accelerate.
Posted at 06/4/2023 09:49 by adae
Hargreaves Lansdown says ongoing charge 4.48%, I can't see where they get that from - possibly including the finance charge on the ZDP?

Annual Report says 1.7% - being £395k of management fee, and £482k of operating expenses. I have a problem with that, on a trust that simply invests in others, and has a market cap of all of £25m.

You're paying £877k a year on a £25m mkt cap IT in order for someone to stock pick for you, but they're picking many ITs that do themselves have charges, for example Greencoat, Next Energy, Foresight, Octopus.

Why not buy those yourself, and pay a single set of fees.

The other big problem is Drax being more than 6% of the trust. Burning woodchip is not renewable. At some point, regulation catches up.

A number of smaller China investments. China is not investable.

I don't see PMGR as cheap, the dividend isn't that high, the discount is reasonable but for a reason, and the overall size is tiny. I'd want a discount twice the current level.
Posted at 01/3/2023 09:31 by whilstev
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.
Posted at 28/2/2023 11:25 by dickiehhh
Anyone know why price continues to fall? Underlying holdings of renewables such as UKW doing fine
Posted at 06/1/2021 16:03 by aleman
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.
Posted at 27/11/2020 08:10 by aleman
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
Premier Miton Global Ren... share price data is direct from the London Stock Exchange

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