Premier Miton Global Renewables Trust (LSE: PMGR)

Currency in GBP

Last close As at 06/02/2023

GBP1.59

0.50 (0.32%)

Market capitalisation

GBP29m

Premier Miton Global Renewables Trust’s (PMGR) investment objectives are to achieve a high income and realise long-term growth in the capital value of its portfolio. PMGR 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 (ZDPs) maturing in 2025.

Equity Analyst

Victoria Chernykh

Victoria Chernykh

Director, Investment Trusts

Key Management

  • Claire Long

    Head of Investment Trusts

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.3 6.0 (6.5)
Relative (1.7) (4.7) (9.8)
52 week high/low 197.5p/148.0p

Overview

Since its launch in March 2012 to end-September 2022, Premier Miton Global Renewables Trust’s (PMGR) share price has returned over 250%. During the past 12 months the performance has been very volatile, and the manager, James Smith, has responded by restructuring the portfolio away from Chinese holdings towards higher-yielding UK and European companies. Smith believes that as energy security concerns will result in governments and companies signing long-term contracts with renewable energy producers in the UK and Europe, the share prices of renewable companies should start to stabilise.

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