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Premier Energy & Water Trust – A BREXIT beneficiary

Premier Energy & Water - It's a £24m rollover!

Premier Energy & Water Trust – A BREXIT beneficiary is Marten & Co’s update note on the fund since the EU referendum

Premier Energy & Water Trust – A BREXIT beneficiary, 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.

PGIT : Premier Energy & Water Trust – A BREXIT beneficiary

160905 PEW Update MC

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