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EAT European Assets Trust Plc

87.00
1.00 (1.16%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
European Assets Trust Plc LSE:EAT London Ordinary Share GB00BHJVQ590 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 1.16% 87.00 467,030 16:35:08
Bid Price Offer Price High Price Low Price Open Price
86.30 87.90 87.00 87.00 87.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice -174.05M -0.4834 -1.80 313.26M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:58 O 100,000 86.70 GBX

European Assets (EAT) Latest News (1)

European Assets (EAT) Discussions and Chat

European Assets Forums and Chat

Date Time Title Posts
28/3/202411:34European Assets Trust202
19/2/202414:41European Asset Trust. Continental small/medium company investment Fund68
31/3/202212:16European Assets Trust 4
20/3/202011:14Just havin' a look.49

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European Assets (EAT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 17:07:3686.70100,00086,700.00O
2024-03-28 16:35:5987.0020,00017,400.00O
2024-03-28 16:35:0887.0011,60010,092.00UT
2024-03-28 16:15:4687.87169148.50O
2024-03-28 16:05:3086.761412.15O

European Assets (EAT) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by European Assets Daily Update
European Assets Trust Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker EAT. The last closing price for European Assets was 86p.
European Assets currently has 360,069,279 shares in issue. The market capitalisation of European Assets is £313,260,273.
European Assets has a price to earnings ratio (PE ratio) of -1.80.
This morning EAT shares opened at 87p
Posted at 04/1/2024 12:44 by essentialinvestor
For income I've plumped for SHRS, HHI and LLPC for 2024.

In terms of EAT, the main headwind is macro over the next 12 months or so.
As price often troughs while fundamentals continue to worsen, I would hope we have seen 'the low' in late last year.
Posted at 03/1/2024 23:02 by marktime1231
Trimming off some capital gains for a 6% distribution is a perfectly reasonable strategy when the asset value is soaring, which it has done in the past and may well do so again. What is the betting we end 2024 with NAV in 110-120p territory?

A bit like investing in SMT when it returned decades of stellar growth but without having to sell off chunks of shares to derive an income. And without having to worry about CGT. You are right though, this income trust model is not for everyone.

In years where capital value contracts, to keep the faith in EAT, you have to imagine the yield is being paid from the notional "reserve" accumulated in previous years when capital value was growing strongly. Sometimes realised in hard cash when a portfolio asset is bought out. At least this way we get continuity of income, and so long as contractions are short to be replaced by steady growth we end up net winners in the long term.

On the one hand regretting not selling some off when the share price hit 140p three years ago, on the other hand pleased to have built up and retained holdings averaging in the low 80s. It still looks blue in my portfolio and the effective yield is 7% even in these tough times. On a rainy day I will add up what income it has paid me over the years.

But, to answer your question, the natural income from EATs portfolio is only around 2-3% or so before management fees. As you would expect when invested in small and medium enterprises looking to grow.
Posted at 03/1/2024 19:59 by essentialinvestor
What % of the dividend is coming from capital, rather than revenue.

I don't see an attraction in an uncovered dividend, unless they are using revenue reserves. I hold EAT as per recent posts, as thought bearish sentiment and NAV discount allowed for a lot.

But celebrating the size of a payout partly deducted from capital is a strange reason for any celebration.
Posted at 03/1/2024 19:55 by investingdad
I'll be buying EAT regularly if it is under 90p from here on out. That's a great yield with assets that are priced higher and still some recovery potential though setiment is poor.
Posted at 27/12/2023 09:27 by investingdad
EAT is taking a run at last year's end of year share price. Only have three days for this to hold up and make sure that nav stays healthy! Might just get that 98 or 99p nav. I feel it was 96p last year, I could be wrong. However, below 90p is a good price considering.
Posted at 18/12/2023 15:08 by essentialinvestor
It's welcome and as mentioned a couple if weeks back this was overdue a move.

2024 may be tough for much of mainland Europe - if recent macro is any guide,
however you could slso may s case thst EAT is trading near longer term sentiment lows.
Posted at 18/9/2023 18:07 by investingdad
Looks like EAT is selling off today due to this. Mild technical recession' forecast in eurozoneS&P Global Market Intelligence are predicting a "mild technical recession" in the eurozone, in the second half of this year.Currently, US is the only direction of travel for investors. Arguably India too based on the trusts I hold. I think momentum from increasing price forecast may help the US but it is over valued and certainly not cheap. There will be a correction there at a point too as indexes are being driven by an increasing small amount of stocks. Europe will take time to recover, however, EAT has hit my near term numbers today below 84p is buying opportunity for me. I'll add this week. The current Nav hanging around 93.3p is opposite to what we are all hoping for, hopefully it can resist a sell off whilst setiment isn't through the floor.
Posted at 30/8/2023 12:12 by investingdad
A very good post Mark!Today's NAV 96.33 , with the right momentum it can press higher. Obviously, lots will be made from the ECB and its interest hiking process so it is anything but guaranteed. I have held EAT for a while, I have sold out of other growth focused trusts when needed to, and let this tick along. 150p was the selling point of the current cycle, however there will always be another if you have time. I have been buying throughout this year and previously. When it is below 90p I buy, and below 80p (rarely) I buy a lot more. My yield is double digit, so beating inflation and not having to move about too much. However, capital is down as we know the share price is sub 90p. But if you have time and can afford to be patient, it is a solid trust, in my opinion.
Posted at 30/8/2023 11:19 by marktime1231
Remember it is NAV not share price which sets the dividend. Last year we ended in a dip at around 97p. It would not take much of a rally from here to end 2023 at that mark or higher.

The surges to 120p+ and 150p+ in recent years now seem distant and show how sensitive even sound diverse stock portfolios are to macro economic factors. The income those phases produced was superb though, and the possibility that we will see those days again is a good argument for accumulating EAT while the share price is at such a historically low level.

In previous cycles I have forgotten or chosen not to top-slice and bank some gains, perhaps that was a mistake in hindsight but the rewards for holding on have been good.
Posted at 25/5/2021 13:18 by marktime1231
And with today's progress to 135p I think EAT share price is hitting a 5-year and all-time high? Thank goodness I stuck with EAT through its bad patch.

Since EAT converts asset value growth into dividends, by setting a 6% of year-end NAV as the payout, hopefully this means we can look forward to even better income next year. But it is NAV and not share price or the shrinking discount we need to watch. And remembering NAV gets diluted as Sterling gains on the Euro, so we are running into a slight breeze.

NAV peaked at 145p recently and is now about 142p compared to 2020 year end at around 136p. Ending they year over 150p for a 9p+ annual dividend would be terrific.
European Assets share price data is direct from the London Stock Exchange

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