Premier Miton Global Renewables Edison review on Premier Miton Global Renewables
14 März 2022 - 8:00AM
RNS Non-Regulatory
TIDMPMGR
Premier Miton Global Renewables
14 March 2022
London, UK, 14 March 2022
Edison issues review on Premier Miton Global Renewables Trust
(PMGR)
Premier Miton Global Renewables Trust (PMGR) has reported a
strong performance for FY21 (to 31 December), with NAV and share
price total returns of 19.8% and 30.7% respectively, compared with
a 22.5% decline in its new benchmark, the S&P Global Clean
Energy Index. The divergence is largely down to PMGR's greater
exposure to generation and distribution, in a year when capital
goods and technology companies struggled against a backdrop of
higher input costs and deteriorating investor sentiment. Manager
James Smith points to Chinese exposure and UK 'yieldcos' as points
of interest, given China's push towards greater self-reliance, and
the attractive inflation-linked revenues and high yields on offer
in the UK.
PMGR's pivot from a broad utilities mandate to a focus on
renewable energy has been beneficial for shareholders in the past
three years, with manager James Smith's bottom-up and
valuation-aware investment process feeding into a global portfolio
of assets that should benefit from the current power price
environment as well as the push towards energy security and net
zero emissions. The dividend has been rebased to a lower level as a
result of the smaller pool of total assets following the ZDP
rollover in late 2020, but the FY21 dividend was fully covered by
income and has scope to grow. Although the fund is small and highly
geared (both of which may be seen in a negative light by potential
investors), we see the current 17.5% discount to NAV as
unwarrantedly wide given the trust's strong performance record
under its refreshed mandate.
Click here to view the full report or here to sign up to receive
research as it is published.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first in-market 17 years ago, Edison now has
more than 100 analysts covering every economic sector.
Headquartered in London, Edison also has offices in New York,
Frankfurt, Amsterdam and Tel Aviv and a presence in Athens,
Johannesburg and Sydney.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information, please contact Edison:
Sarah Godfrey +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
Victoria Chernykh +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAGPUCPWUPPGPG
(END) Dow Jones Newswires
March 14, 2022 03:00 ET (07:00 GMT)
Premier Utilities Trust (LSE:PUT)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Premier Utilities Trust (LSE:PUT)
Historical Stock Chart
Von Jul 2023 bis Jul 2024