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Utilities Research

11 Mar 2020

Premier Global Infrastructure Trust – Don’t stop me now

 Don’t stop me now A much-improved 2019, helped by falling interest rate expectations, translated into 38.3% gains for Premier Global Infrastructure Trust (PGIT) ordinary shareholders. Before the viral panic engulfed markets, PGIT was having a strong start to 2020 as well, with the shares hitting 147p on 21 February. In unsettled markets, the predictable and […]

11 Mar 2020

Premier Global Infrastructure Trust – Don’t stop me now

 Don’t stop me now A much-improved 2019, helped by lower interest rate expectations, translated into 38.3% gains for Premier Global Infrastructure Trust (PGIT) ordinary shareholders. Before the covid-19 panic caused markets to stumble, PGIT was having a strong start to 2020 as well, with the shares hitting 147p on 21 February. In unsettled markets, the […]

10 Jan 2020

QuotedData’s economic roundup – January 2020

Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]

30 Oct 2019

Premier Global Infrastructure Trust – Strong income growth

 Strong income growth Aided by the significant gearing provided by its ZDP shares, Premier Global Infrastructure Trust’s (PGIT’s) ordinary shares have provided an NAV total return of 34.4% during the last 12 months. The returns have been achieved despite PGIT having a significant allocation to Asia, and particularly China, which has faced a headwind from […]

30 Oct 2019

Premier Global Infrastructure Trust – Strong income growth

 Strong income growth Premier Global Infrastructure Trust’s (PGIT’s) ordinary shares have provided an NAV total return of 34.4% during the last 12 months, boosted by the trust’s split capital structure (see page 13). The returns have been achieved despite PGIT having a significant allocation to Asia, and particularly China, which has faced a headwind from […]

17 Oct 2019

Ecofin Global Utilities and Infrastructure Trust – compelling three-year track record

 Compelling three-year track record Ecofin Global Utilities and Infrastructure Trust (EGL) has just had its third birthday, and it has much to celebrate. Since launch, the trust has built a compelling track record (NAV and share price total returns of 44.9% and 50.8% respectively) while outperforming a range of comparable indices, including MSCI World Utilities, […]

07 Jun 2019

QuotedData’s economic roundup – June 2019

Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]

11 Apr 2019

Ecofin Global Utilities and Infrastructure Trust – Unrecognised outperformance

Year-to-date, Ecofin Global Utilities and Infrastructure Trust (EGL)’s manager, Jean-Hugues de Lamaze, has successfully avoided the fall-out from the bankruptcy of Californian utility PG&E, and the trust’s NAV performance has been very strong (a total return of 10.9% to the end of March 2019), outperforming both the MSCI World Utilities and S&P Global Infrastructure Indices. Given this, […]

11 Apr 2019

Ecofin Global Utilities and Infrastructure Trust – Unrecognised outperformance

 Ecofin Global Utilities and Infrastructure Trust – Unrecognised outperformance Year-to-date, Ecofin Global Utilities and Infrastructure Trust (EGL)’s manager, Jean-Hugues de Lamaze, has avoided the fall-out from the bankruptcy of Californian utility Pacific Gas & Electric (see page 4), and the trust’s NAV performance has been strong (a total return of 10.9% to the end of March 2019), […]

29 Mar 2019

Premier Global Infrastructure Trust – Quick out of the blocks in 2019

With a cloud hanging over emerging markets, and adverse sentiment overriding strong micro-economic fundamentals, Premier Global Infrastructure Trust (PGIT) had a testing 2018. However, in the first two months of 2019 it has made an excellent start. Aided by its geared capital structure, PGIT has returned 20.6% in NAV total return terms, closely matched by its […]

29 Mar 2019

Premier Global Infrastructure Trust – Quick out of the blocks in 2019

With a cloud hanging over emerging markets, and adverse sentiment overriding strong micro-economic fundamentals, Premier Global Infrastructure Trust (PGIT) had a testing 2018. However, it has made an excellent start in 2019. In the first two months of the year, aided by the gearing provided by its zero dividend preference shares, PGIT has made 20.6% […]

15 Mar 2019

John Laing Environmental Assets Group – Life extensions to boost NAV?

John Laing Environmental Assets Group – Life extensions to boost NAV? John Laing Environmental Assets Group (JLEN) says its NAV per share at the end of December 2018 was 102.8p, up 2.4p over three months. The dividend remains on-track to match the target of 6.51p for the year. Revenue generation was on budget, reflecting above-budget […]

15 Mar 2019

John Laing Environmental Assets Group – Life extensions to boost NAV?

John Laing Environmental Assets Group – Life extensions to boost NAV? John Laing Environmental Assets Group (JLEN) says its NAV per share at the end of December 2018 was 102.8p, up 2.4p over three months. The quarterly dividend payments remain on-track to match the target of 6.51p for the year. The company’s revenue generation was […]

05 Mar 2019

US Solar Fund – Making hay – IPO

US Solar Fund – Making hay US Solar Fund Plc (USF) is a newly established closed end investment company that is focused on the large and growing solar market in the US. It invests in utility scale solar farms and sells the electricity generated to creditworthy counterparties through long-term power purchase agreements (PPAs). From 31 […]

05 Mar 2019

US Solar Fund – Making hay – IPO

US Solar Fund – Making hay US Solar Fund Plc (USF) is a newly established closed end investment company that is focused on the large and growing solar market in the US. It invests in utility scale solar farms and sells the electricity generated to creditworthy counterparties through long-term power purchase agreements (PPAs). From 31 […]

07 Feb 2019

Bluefield Solar Income Fund – Walking on sunshine

Bluefield Solar Income Fund – Walking on sunshine Faced with rising prices for secondary solar power projects, Bluefield Solar Income Fund (BSIF) has taken a strategic decision not to focus on growing its portfolio during the last couple of years. Instead, a focus on increasing operational efficiency, coupled with a 32.5% increase in the power price, has […]

15 Oct 2018

Ecofin Global Utilities and Infrastructure – Staying nimble

Ecofin Global Utilities and Infrastructure – Staying nimble Ecofin Global Utilities and Infrastructure Trust (EGL) is two years old. The period since its launch has been one in which utilities and infrastructure have faced significant headwinds from rising interest rates and investors’ focus on growth stocks. Despite this, it has thrived. EGL’s manager has been nimble, […]

15 Oct 2018

Ecofin Global Utilities and Infrastructure – Staying nimble

Ecofin Global Utilities and Infrastructure Trust (EGL) is two years old. The period since its launch has been one in which utilities and infrastructure have faced significant headwinds from rising interest rates and investors’ focus on growth stocks. Despite this, it has thrived. EGL’s manager (Jean-Hugues de Lamaze) has been nimble, moving to take advantage […]

18 Jul 2018

Quarterly Investment Companies Roundup – Second Quarter 2018

QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]

25 Apr 2018

Quarterly investment companies roundup – First quarter 2018

Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]

18 Apr 2018

QuotedData’s investment companies roundup – April 2018

QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]

18 Jan 2018

QuotedData – 2017 review of the year

QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside:  US markets hit new highs despite three interest rate rises.  Perceived low/no growth areas such as Europe and Japan burst into life.  Asia’s technology stocks surged.  India’s […]

28 Nov 2017

Premier Global Infrastructure Trust – Evolution, not revolution

Premier Global Infrastructure Trust – Evolution, not revolution Premier Global Infrastructure Trust (PGIT), formerly Premier Energy & Water, has announced a change of investment emphasis within its portfolio. PGIT’s investment objectives remain unchanged (high income and long-term capital growth – see below) but fuller use is now being made of the existing authority to invest […]

12 Jul 2017

Premier Energy and Water – ‘Pocket rocket’

Premier Energy and Water – ‘Significant latent value’ Marten & Co published an update note on a company invested in the utilities sector Premier Energy and Water (PEW) has become Premier Global Infrastructure (PGIT) Helped by its significant zero dividend preference share borrowings, sterling depreciation and some notable successes within its portfolio, Premier Energy and […]

12 Jul 2017

Premier Energy and Water – ‘Significant latent value’

QuotedData is publishing a new update note on a company in the Split Capital  sector: Premier Energy and Water – ‘Significant latent value’ Helped by its significant zero dividend preference share borrowings, sterling depreciation and some notable successes within its portfolio, Premier Energy and Water Trust (PEW’s) NAV and share price have beaten the MSCI Utilities Index […]

14 Jun 2017

QuotedData investment companies roundup – June 2017

QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]

23 May 2017

Ecofin Global Utilities and Infrastructure Trust – Structural growth, low volatility and high income

Ecofin Global Utilities and Infrastructure Trust (EGL) invests in utilities and other economic infrastructure equities (see definition on page 4) and is looking to deliver a total return (capital gains and income) of 6-12% per annum to shareholders over time. These sectors are traditionally less volatile than global equities in general, and the manager expects […]

10 Apr 2017

QuotedData investment companies roundup – April 2017

Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup    

14 Feb 2017

QuotedData investment companies roundup – February 2017

Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup

05 Sep 2016

Premier Energy & Water Trust – A BREXIT beneficiary

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. […]