Assisted by a marked depreciation of sterling, to which it is unhedged, Premier Energy and Water Trust’s (PEW’s) NAV has soared by 26.1% since the UK’s EU referendum. PEW has little exposure to “UK plc”, 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, which we think provides an opportunity for long term investors. In addition, PEW&rs
05 Sep 2016
A BREXIT beneficiary
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A BREXIT beneficiary
Premier Miton Global Renewables Trust Plc GBP (PMGR:LON) | 90.8 0 0.0% | Mkt Cap: 16.6m
- Published:
05 Sep 2016 -
Author:
Ed Marten -
Pages:
8
Assisted by a marked depreciation of sterling, to which it is unhedged, Premier Energy and Water Trust’s (PEW’s) NAV has soared by 26.1% since the UK’s EU referendum. PEW has little exposure to “UK plc”, 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, which we think provides an opportunity for long term investors. In addition, PEW&rs