Assisted by a marked depreciation of sterling and no currency hedging, Premier Energy and Water Trust’s (PEW’s) NAV has risen by 26.1% since the UK’s EU referendum. PEW has little exposure to UK companies, a geared structure and many holdings that the manager believes are materially undervalued. The share price has not kept pace with recent NAV growth, allowing a discount to emerge. In addition, PEW’s 4.9% yield (based on its forecast dividend of 8p) could rise from here as PEW has reached its full year revenue targets just half way through its year.

05 Sep 2016
A BREXIT beneficiary
Premier Miton Global Renewables Trust Plc GBP (PMGR:LON) | 141 1.2 0.6% | Mkt Cap: 25.7m
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Ed Marten
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8 pages
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A BREXIT beneficiary
Premier Miton Global Renewables Trust Plc GBP (PMGR:LON) | 141 1.2 0.6% | Mkt Cap: 25.7m
- Published:
05 Sep 2016 -
Author:
Ed Marten -
Pages:
8 -
Assisted by a marked depreciation of sterling and no currency hedging, Premier Energy and Water Trust’s (PEW’s) NAV has risen by 26.1% since the UK’s EU referendum. PEW has little exposure to UK companies, a geared structure and many holdings that the manager believes are materially undervalued. The share price has not kept pace with recent NAV growth, allowing a discount to emerge. In addition, PEW’s 4.9% yield (based on its forecast dividend of 8p) could rise from here as PEW has reached its full year revenue targets just half way through its year.