The Premier Miton Global Renewables Investment Trust is a collective fund that holds investments in green energy assets

Overview – Premier Miton Global Renewables Trust plc

It holds:-

Greencoat UK Wind 6.7% of the fund
NextEnergy Solar Fund 6.4% of the fund
RWE 6.4% of the fund
Drax Group 6.3% of the fund
Octopus Renewables Infrastructure Trust 5.7% of the fund
Aquila European Renewables Income Fund 5.3% of the fund
Atlantica Sustainable Infrastructure 5.0% of the fund
Iberdrola 4.4% of the fund
Grenergy Renovables 3.7% of the fund
Harmony Energy Income Trust 3.7% of the fund
Clearway Energy A Class 3.7% of the fund
Foresight Solar Fund 3.6% of the fund
SSE 3.5% of the fund
Corporacion Acciona Energias Renovables 3.0% of the fund
Bonheur 3.0% of the fund
National Grid 2.7% of the fund
Gresham House Energy Storage Fund plc 2.5% of the fund
Algonquin Power & Utilities 2.2% of the fund
Northland Power 2.1% of the fund
Enefit Green 1.8% of the fund
Gore Street Energy Storage Fund 1.6% of the fund
China Suntien Green Energy 1.5% of the fund
US Solar Fund 1.3% of the fund
Cloudberry Clean Energy 1.2% of the fund
Greencoat Renewable 1.2% of the fund
7C Solarparken 1.2% of the fund
Eneti 1.1% of the fund
Opdenergy 1.1% of the fund
MPC Energy Solutions 1.0% of the fund
Cadeler 0.9% of the fund
China Everbright Environment 0.9% of the fund
Omega Energia 0.8% of the fund
Solaria Energia y Medio Ambiente 0.5% of the fund
Boralex 0.5% of the fund
Atrato Onsite Energy 0.5% of the fund
Subsea 7 0.4% of the fund
Fusion Fuel Green 0.4% of the fund
SDCL Energy Efficiency Income Trust 0.3% of the fund
Greenvolt Energias Renovaveis 0.3% of the fund
Innergex Renewable 0.3% of the fund
Clearvise 0.2% of the fund
GCP Infrastructure Investments 0.2% of the fund
Fusion Fuel Green Warrants 0.0% of the fund
Cash/Net Current Assets 1.0% of the fund

Total net assets of Premier Miton Global Renewables Trust PLC amounted to £46.9 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown % of total net assets:-

Yieldcos & funds 38.9% of the fund
Renewable energy developers 29.1% of the fund
Renewable focused utilities 10.1% of the fund
Energy storage 7.8% of the fund
Biomass generation and production 6.3% of the fund
Renewable technology and service 2.3% of the fund
Electricity networks 2.7% of the fund
Waste to energy 0.9% of the fund
Renewable financing and energy efficiency 0.5% of the fund
Liquidation portfolio 0.4% of the fund
Cash/Net Current Assets 1.0% of the fund

Geographical Allocation % of total net assets

United Kingdom 35.1% of the fund
Europe (ex UK) 31.1% of the fund
Global 21.2% of the fund
North America 7.4% of the fund
China 2.3% of the fund
Latin America 1.8% of the fund
Cash/Net Current Assets 1.0% of the fund

https://www.londonstockexchange.com/stock/PMGR/premier-miton-global-renewables-trust-plc/company-page

The Blackrock World Mining Trust, is a London listed investment trust, specialising in mining companies, globally. It was established in 1993.

https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-world-mining-investment-trust/performance-holdings#holdings-breakdown

The investment company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

BLACKROCK WORLD MINING TRUST PLC BRWM Stock | London Stock Exchange

Today, the UK banking giant, pays out its May 2023 dividend.

https://www.lloydsbankinggroup.com/

1.6p a share.

https://www.londonstockexchange.com/news-article/LLOY/total-voting-rights/15937648

As at 28 April 2023, the total number of shares issued by Lloyds Banking Group plc with rights to vote which are exercisable in all circumstances at general meetings is 66,006,787,187

Thus:-

66,006,787,187 x £0.016 = £1,056,108,594.992

£1,056,108,594.992 Million = £1.056 Billion paid to shareholders.

https://www.londonstockexchange.com/stock/LLOY/lloyds-banking-group-plc/company-page

Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties.
Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. [www.dmo.gov.uk]

https://dmo.gov.uk/data/pdfdatareport?reportCode=D2.1PROF7

Another deficit month, thus to bridge the gap, needs to borrow on the bond market in April 2023, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 6 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

19-Apr-2023 4 1/8% Treasury Gilt 2027 £4,241.5650 Million
18-Apr-2023 3¾% Treasury Gilt 2053 £2,812.4990 Million
13-Apr-2023 3¼% Treasury Gilt 2033 £4,062.4970 Million
12-Apr-2023 0 1/8% Index-linked Treasury Gilt 2039 3 months £1,124.0240 Million
05-Apr-2023 0½% Treasury Gilt 2029 £4,374.9970 Million
04-Apr-2023 1 1/8% Treasury Gilt 2039 £2,250.0000 Million

£4,241.5650 Million + £2,812.4990 Million + £4,062.4970 Million + £1,124.0240 Million + £4,374.9970 Million + £2,250.0000 Million = £18,865.582 Million

£18,865.5 Million = £18.8655 Billion

On another way of looking at it, is in the 30 days in April 2023, HM Government borrowed:- £628.85273333333333333333333333333 Million each day for the 30 days.

We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2027 to 2053. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“

The L&G Optical Technology & Photonics ESG Exclusions UCITS ETF is a London listed ETF that is investing in Optical & Photonics technology companies

Top 10 constituents 32.4% of the fund
Rest of Index 67.6% of the fund
No. of constituents in Index 36

Top 10 investments:-

Horiba 3.8% of the fund
Aixtron 3.3% of the fund
Stratasys 3.3% of the fund
Topcon 3.2% of the fund
Desktop Metal 3.2% of the fund
IPG Photonics 3.2% of the fund
Nikon 3.1% of the fund
Jenoptik AG 3.1% of the fund
Renishaw 3.1% of the fund
Keyence 3.1% of the fund

LEGAL AND GENERAL ASSET MANAGEMENT LAZG Stock | London Stock Exchange

The UK Government spends more money than it earns from the taxes it collects.
It runs a budget deficit.

That deficit (the difference between tax revenues and government expenditure is £139bn.

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/march2023

This deficit of £139bn equates to 5.5% of gross domestic product (GDP).

The key message is the Public sector net debt (PSND ex) at the end of March 2023 was £2,530.4 billion.

That is 99.6% of GDP.

…..we are in it together…..

The FTSE-100 is the UK Index of the UK’s largest companies.

Astra Zeneca is the UK’s largest firm, worth £183 Billion.

The Top 10 UK companies are worth £980,551 Billion, that is just short of £1 Trillion

(263) Flow of Pi – YouTube

The abrdn Private Equity Opportunities Trust plc is a London listed investment trust, providing access to a diversified portfolio of private equity investments to investors.

https://www.abrdnpeot.co.uk/en-gb

This is delivered through the investment objective, which is to achieve long-term total returns through holding a diversified portfolio of private equity funds and co-investments, a majority of which will have a European focus.

Largest 10 Funds (% of net asset value)

3i2020 Co-investment €2.5bn fund 5.1% of net asset value
Advent International Global Private Equity VIII €13.0bn fund 4.5% of net asset value
CVC Capital Partners VII €16.4bn fund 3.8% of net asset value
HgCapital8 €2.5bn fund 3.6% of net asset value
IK Fund VIII €1.9bn fund 3.3% of net asset value
Altor Fund IV €2.1bn fund 3.2% of net asset value
Structured Solutions IV Primary Holdings €125mn fund 3.2% of net asset value
Nordic Capital Fund IX €4.3bn fund 3.1% of net asset value
Exponent Private Equity Partners III, LP.£1.0bn fund 3.0% of net asset value
TowerBrook Investors IV $3.6bn fund 2.8% of net asset value

Total 37.5 % of net asset value

Net assets £1,146.8 million
Net Asset Value 745.9p per ordinary share
Yield 3.0%
Market cap £731.8 million
Share price 476.0p
Distributions £1.5 million
Drawdowns £10.8 million
Discount to Net Asset Value (36.2)%

ABRDN PRIVATE EQUITY OPPORTUNITIES TRUST PLC APEO Stock | London Stock Exchange

Beneath the old iron bridges, across the Victorian parks
And all the frightened people running home before dark
Past the Saturday morning cinema that lies crumbling to the ground
And the piss stinking shopping center in the new side of town
I’ve come to smell the seasons change and watch the city
As the sun goes down againHere comes another winter of long shadows and high hopes
Here comes another winter waitin’ for utopia
Waitin’ for hell to freeze overThis is the land where nothing changes
The land of red buses and blue blooded babies
This is the place, where pensioners are raped
And the hearts are being cut from the welfare state
Let the poor drink the milk while the rich eat the honey
Let the bums count their blessings while they count the moneySo many people can’t express what’s on their minds
Nobody knows them and nobody ever will
Until their backs are broken and their dreams are stolen
And they can’t get what they want then they’re gonna get angryWell it ain’t written in the papers, but it’s written on the walls
The way this country is divided to fall
So the cranes are moving on the skyline
Trying to knock down this townBut the stains on the heartland, can never be removed
From this country that’s sick, sad, and confusedHere comes another winter of long shadows and high hopes
Here comes another winter waitin’ for utopia
Waitin’ for hell to freeze overThe ammunition’s being passed and the lords been praised
But the wars on the televisions will never be explained
All the bankers gettin’ sweaty beneath their white collars
As the pound in our pocket turns into a dollar

This is the 51st state of the U.S.A.
This is the 51st state of the U.S.A.
This is the 51st state of the U.S.A.

The Gresham House Energy Storage Fund PLC is a London listed investment company, building Battery Energy Storage Systems.

The company seeks to provide investors with an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility scale operational energy storage systems, which utilise batteries and may also utilise generators, located in Great Britain, Northern Ireland, and the Republic of Ireland

https://www.londonstockexchange.com/stock/GRID/gresham-house-energy-storage-fund-plc/company-page

Yesterday, NatWest Group (formerly The Royal Bank of Scotland), paid out its May 2023 dividend.

https://www.natwestgroup.com/

10p a share.

https://www.londonstockexchange.com/news-article/NWG/total-voting-rights-and-capital/15900743

Thus, the total number of shares in The Natwest Group is 9,593,494,746

9,593,494,746 x £0.10 = £959,349,474.6 = £959.3494746 Million

£959.3494746 Million = £0.9593494746 Billion

https://www.londonstockexchange.com/stock/NWG/natwest-group-plc/company-page