European Assets Share Discussion Threads

[aleman] 05/10/2022 10:15

50-day getting closer to the 200-day. We could be getting into top-up territory.

[cwa1] 28/9/2022 07:15

October Quarterly Dividend

European Assets Trust PLC ("the Company") announces that a dividend of 2.2 pence per share will be paid on 31 October 2022 to shareholders on the register on 7 October 2022, having an ex-dividend date of 6 October 2022.

[jfinvestments] 31/8/2022 12:36

Getting closer to where I am seeing the worthwhile risk. But at current NAV (30/8/22 - 95.69p) you are probably looking at 1.4p per share. 30% drop in dividend or so? It is very much for the longer term now. When this does get back to 2p per share it will be worth the investment, but feels it could be a while off.On the positive side, EU is looking closer to filling the reserves for winter. They are looking at energy pricing for consumers too. Negatives: war still on going, energy war is fully taking place. Gazprom cutting supply for three days. This will happen as things go forward and the winter gets closer Reports of energy limiting/blackouts are still very much in consideration. Rates about to rise. Has Cosh bought any energy based holdings recently?

[jfinvestments] 24/8/2022 16:04

I am seeing no news to change my mind that this is worth buying in bulk just yet. The energy crisis and euro instability is just too much for now. I'll top up, but I think low 80p could happen or lower if there's a crash. I'm going to top up monthly but I'm not buying anything big yet.

[scrwal] 24/8/2022 12:45

I sold a couple of weeks ago taking a loss but was looking to reinvest short term elsewhere. The continued fall has vindicated my decision.
If my short term plan works I may reinvest back in.
The widening discount is ideal for buying since the divi is 6% of NAV.

Seeing this was 140.25p on 4th Jan this has been a bad year.

[marktime1231] 24/8/2022 12:33

In again at under 88p, to go again I would have to sell something at a disappointing loss. The discount and recovery opportunity here is now so deep I might be tempted to do just that.

[marktime1231] 17/8/2022 12:29

A bit puzzled by yesterday's first NAV bulletin, and by the discount still widening. Determined to add another big chunk before October, anything in the 80's would be irresistable.

[jfinvestments] 16/8/2022 10:20

I hope it's a good amount! As we need this NAV to be stable at year end!

[aleman] 16/8/2022 09:01

Heavy rain is predicted over the Rhine's catchment this week.

[jfinvestments] 12/8/2022 13:33

I am firmly of the belief that this share price has a greater probability of hitting the recent lows than it getting to All time highs or even above Nav in the next quarter. I think the war in Ukraine is still happening, countries hitting recession, inflation, but energy shortages are the primary concern. Added issue: The heatwaves are causing the Rhine to be at lower levels therefore allowing less transport of goods including fuel (particularly important given Germany's coal plan). Nations preparing for organised blackouts. Saying that though, I am riding out this shorter term, I will keep topping up below 100p and add below 88p. There is still one good dividend left of 2.2p, and I hope that the nav remains at the 100p mark (although this will disappoint me, it is still 6%).

[marktime1231] 12/8/2022 11:17

Strange divergence here the EAT discount is widening even though NAV appears to be firming above 100p etc. Looking to put myself in cash to take advantage if the share price drifts again.

[jfinvestments] 06/8/2022 20:09

It's currently 2.2p , but the nav was 101p from when I looked end of the week. There is a bit of a recovery for the time being as people buy back some of the oversold growth.

[kenmitch] 06/8/2022 11:53

Brucie5.

EAT dividend policy is 6% of NAV at year end.

Current NAV is around £1 so assuming little change that would mean a cut from 8p a year to 6p and 1.5p quarterly against current 2p. Still not bad, and with increases likely again as eventually (we hope) NAV rises significantly again.

[jfinvestments] 04/8/2022 14:18

You never can tell where the bottom is, very true. But I think the energy issues in eurozone will mean things are not there just yet. If there's a resolution with Russia then maybe, but currently Gazprom output is 40% lower than this time last year. Germany is trying to get coal up and running (it won't match their requirements as it isn't a quick process).

[marktime1231] 04/8/2022 12:50

You may have missed the bottom?

Having doubled up too soon on the way down I was happy to grab some more in the low 90s. I figured there is potential upside if the fear of European recession means underlying stocks have been oversold by around 10%, isn't that often the way? And a prayer that EAT drags back up to at least 100p+ and maybe even 110p+ NAV by year end.

6% is 6% so EAT is worth a go if we are around the bottom, and when you think there is an unreasonably wide discount to NAV in the share price

[rcturner2] 04/8/2022 06:55

Brucie, the dividend here will highly likely by cut significantly, since they use a very simple % of NAV to set the dividend each year. The key for me is the discount. I am only go to buy here again when the discount moves out to some extreme level. I have 14p dividend pencilled in for SYNT which is over 7% at current share price, so I think in fact the yield is better on SYNT than here (going forward).

I am starting to think that we are in for a proper "winter of discontent" coming up this year.

[jfinvestments] 03/8/2022 18:33

I agree, you don't have to make a decision yet on this one. I am waiting a little longer to invest in a larger sum. There is likely to be a sell off again below the 88p range we saw recently. I hope I'm wrong and energy crisis/food supply is more stable than than I'm currently envisaging as I could see this hitting November onwards which would mean next to no recovery for dividend.

[brucie5] 03/8/2022 13:30

Yes indeed, also read your comment on Synt. This has the higher dividend yield, no? And the greater spread of risk to buy down into coming recession. But Synt greater upside when we come out, I would think. I hold both and considering a top up, but there's no hurry, and indeed some likely benefit in waiting one's time.

[rcturner2] 03/8/2022 07:45

I have been debating doubling up on EAT, but I must admit I am bit spooked about what is happening in Europe at the moment. There are some serious issues ahead. If we have energy rationing this winter, which is entirely possible, then expect some large falls in stock markets.

[cwa1] 03/8/2022 07:43

Hmmmm...



Not sure if "highlights" is the coreect word...

Highlights for the half-year ended 30 June 2022:



· Net Asset Value total return of -31.4% in comparison to the benchmark return of -21.0%.

· Share price total return of -31.8%.

· An annual dividend of 8.8p per share for 2022 representing a dividend yield of 9.2% based on the Company's closing share price of 95.7p on 1 August 2022.



"European smaller companies represent a large, diverse market, composed of a collection of dynamic, entrepreneurial businesses that through time are expected to navigate their way well through challenging operational circumstances. These characteristics were not rewarded in the first half. We are confident that they will be over the long term."

[marktime1231] 01/8/2022 11:09

Well HL didn't hold on to it over the weekend but made it available too late on Friday. Reinvested this morning. I remain hopeful of NAV > 100p at year end, your 1.4p quarterly hopefully conservative.

[jfinvestments] 29/7/2022 18:20

I got mine first thing with II haven't had any issues with them. The app is improving too. As for the share price here, yes it is good to see some rebound from 88p mark. I haven't topped up recently with any larger amounts, only because the uncertainty regarding the dividend payment for next year (I still think 1.4p per quarter seems a safe estimate) but will reinvest the dividend from today and monthly small amounts. Buying a share for less than £1 is always a good idea with this trust for me. I'm sitting on about 12% dividend return thanks to that policy - it wipes out the capital loss.

[marktime1231] 29/7/2022 16:23

Positive share price today, everyone reinvesting the splendid dividend?

Frustrated that HL has still not credited the amount to my account, not for the first time being slow, furious if it hangs on to my cash over the weekend. The amount would have got me ready to make a top up somewhere. The so-and-so's do this so often it can't be by accident, other platforms are reliably prompt.

[jfinvestments] 15/7/2022 07:37

https://twitter.com/FinanceJohnath1/status/1544567228850388997?t=Jt8cNK6O2J7CdBQTbvBDEA&s=19I unfortunately saw this one. There could be another fall late July. I'm refraining from further purchases just yet.