Premier Miton Global Renewables Trust (LSE: PMGR)

Last close As at 18/04/2024

GBP0.93

−0.50 (−0.54%)

Market capitalisation

GBP17m

Premier Miton Global Renewables Trust’s investment objectives are to achieve high income and realise long-term growth in the capital value of its portfolio. It seeks to achieve these by investing principally in the equity and equity-related securities of companies operating primarily in the renewable energy sectors and other sustainable infrastructure investments. The trust is structurally geared via zero dividend preference shares maturing in 2025.

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Equity Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Key Management

  • Claire Long

    Head of Investment Trusts

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (3.9) (27.5) (35.1)
Relative (5.0) (30.9) (34.9)
52 week high/low 145.5p/90.8p

Overview

The energy developers segment of Premier Miton Global Renewables Trust’s (PMGR’s) holdings accounts for 30.2% of its portfolio (at 29 February 2024). These developers can generate significantly higher returns than other sections of the portfolio (eg yield plays and investment trusts) due to higher initial capital investment and development risk. PMGR’s portfolio remains a diversified approach to renewable energy asset investing, with a mix across technologies, geographies and corporate structures. Asset values in renewables have been under some pressure of late due to rising bond yields and, in some sectors, falling forward power price curves, though these are two trends that have arguably run their course.

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