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EAT European Assets Trust Plc

84.00
0.40 (0.48%)
18 Apr 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 0.48% 84.00 83.80 84.60 83.80 83.40 83.40 309,879 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 32.19M 34.89M 0.0969 8.63 301.02M
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 83.60p. Over the last year, European Assets shares have traded in a share price range of 73.00p to 95.70p.

European Assets currently has 360,069,279 shares in issue. The market capitalisation of European Assets is £301.02 million. European Assets has a price to earnings ratio (PE ratio) of 8.63.

European Assets Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
28/3/2024
11:34
Good to hear they're thinking about it and taking action. I can't help feeling the dividend strategy is a hinderance to the investment strategy, ie it limits the manager or dominates his and her thinking. Personally I wouldn't object if they wound it back a bit
makinbuks
28/3/2024
07:44
Interesting article. https://citywire.com/investment-trust-insider/news/under-the-cosh-european-assets-wants-a-more-clinical-portfolio/a2438753?re=118720&refea=1266143#ShowComments
investingdad
27/3/2024
20:27
It is a shame it is 9 months out from year end and the dividend calculation! However I am hoping that markets led by US continue to go well into the election and into November outcome, then leading into a Santa rally. We might just get a decent dividend and hopefully with it comes an inflow of cash as sentiment continues to move to higher risk and smaller companies. There is a sector wide issue for sure. There is also a huge move to passive investing for retail investors. Trusts are less fashionable and in general under performing with greater fees.
investingdad
27/3/2024
14:02
The NAV discounts blowing out is largely sector wide.

MYI often traded at a premium in the past, now near an 11% NAV discount.

essentialinvestor
27/3/2024
13:55
NAV 99.21p. Highest for about 11 months, I think?
aleman
14/3/2024
12:56
The discount widening here means we are due a share price step up, other European investment trusts have tracked up on improving economic outlook. Perhaps with the next divi announcement. Bring on the 90s.
marktime1231
19/2/2024
14:41
86.40 - 88.90 (GBX) at 14:41:26
on Market (LSE)

neilyb675
14/1/2024
15:19
ME conflict spreading is very unhelpful. May be available under 80 pence again?.
essentialinvestor
04/1/2024
12:44
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.

essentialinvestor
03/1/2024
23:07
Appreciate the replies, good to hear different views.
essentialinvestor
03/1/2024
23:02
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.

marktime1231
03/1/2024
21:03
Revenue earnings are around 2.6p per annum so that might be about 3.5p from capital in 2024 - so rather lower than previous years. I think the idea is you might get better growth in the long run if you are exposed to (some non-dividend small cap?) growth shares but still get a healthy dividend by using capital to top up the lower income that growth shares generate. It's a strategy and I see nothing wrong with that if it is clear, which it seems to be. The untilised capital element automatically drops when times are tougher while some other income trusts would pay out from reserves to maintain an uncovered dividend - which is a strategy that is also ok if it is clear. So long as you get what you pay for, you can make your own risk assessments - unlike HFEL, for example, where the dividend scalping and new investment policy don't seem to be clearly expressed by the company or understood by shareholders. It feels like they are making it up as they go along.

When you get older and need income more than growth, there are a few different strategies to enhance income, perhaps at the expense of future growth. I see no problem in holding a mix of investment trusts that are operating slightly different strategies like this, so long as there is clarity. People will have slightly different tax positions so might not all agree 100% about all those strategies. Such is life.

aleman
03/1/2024
19:59
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.

essentialinvestor
03/1/2024
19:55
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.
investingdad
03/1/2024
16:53
Quarterly dividend going to be 1.475p then? Bought at 89p, that would be 6.6% yield.
aleman
29/12/2023
15:40
A yield of 6.6% approx
creme de menthe
29/12/2023
13:42
Slight increase in dividend for next year looks likely. c.1.48p/share per quarter
contango1
29/12/2023
13:05
98.78p NAV today
cwa1
28/12/2023
16:04
Yes, that's the aim.
aleman
28/12/2023
15:59
Just to confirm Next years dividend is 6% of year end NAV ?
panshanger1
28/12/2023
14:35
One day to go and i am sure tomorrow is a half day trading! Fingers crossed the momentum keeps up. I would be happier with the 100p nav but feel it isn't happening, think it will fall just short. It is one of my largest holdings and I have continued to top up monthly this year whilst it has been below 90p.
investingdad
28/12/2023
13:01
NAV 98.89p. Looks like this one is going to surprise me with a dividend that is higher than I had budgeted for next year. It's one of my bigger holdings. It's about time I had some good news.
aleman
27/12/2023
14:12
98.11p today. Agree we are not seeing a return above 100p yet, but it is closer than it has been for a while.
investingdad
27/12/2023
10:42
Dec 30th 2022 RNS was 97.01p, Most recent one(22/12/23) was 97.76p. So going to be pretty similar to last year-unless anything momentous crops up!
cwa1
27/12/2023
09:27
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.
investingdad
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older

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