European Assets Share Discussion Threads

[marktime1231] 15/11/2023 13:28

Yes added a few at 82p, the boost from underlying NAV increase tends to follow a day or so later in a rising market. Might get the Santa rally you were hoping for fter all.

[essentialinvestor] 15/11/2023 13:12

Looking cheap ?.

[investingdad] 06/10/2023 16:06

I'll be adding over the next 5 years, at these prices although I will be disappointed by the NAV and resulting income loss from dividend change. It is a good enough trust. It will get back to 100p and then to 150p. But not this year, nor do I think next. But sentiment will change.

[essentialinvestor] 06/10/2023 12:39

* very small as mentioned, a few £k. Far from brave.

[marktime1231] 06/10/2023 12:35

Eroded by a deepening gloomy outlook for European industry and an ex-div kick down, things are not heading our way. Brave add may turn out to be a good one things may turn up again.

[essentialinvestor] 06/10/2023 12:32

NAV is plummeting.

[essentialinvestor] 28/9/2023 22:45

Added a very small amount this morning for some diversification.

[danieldruff2] 24/9/2023 14:31

It was a discussion nobody was having when the price was a lot higher. All you can do is look at the very long term price (20+ years) and it's generally trending upwards, but with lulls such as now. 6% is a bit high to give away and there's minimal growth here as a result.

[essentialinvestor] 24/9/2023 12:19

A large slug of their dividend appears to come from capital, that's the salient point.

Now some may be fine with this, however it merits at least a mention,
if not some discussion.

[danieldruff2] 24/9/2023 12:12

The performance over the last year or two largely mirrors one of my other holdings, BBH, which pays 3% a year, and SSON, which pays nothing. All tend to be mid market sized investors.

[kenmitch] 24/9/2023 12:06

A good idea surely to research ourselves to help decision making?

e.g this official site for all Investment Trusts and only Investment Trusts:-



The above link brings up the page for European Smaller Companies Trusts.

Just click on the red heading for each of the 4 Trusts to bring up loads of information.

If the link is blocked by ADVFN then just Google. aic compare companies and then search for the European Trusts.

[essentialinvestor] 18/9/2023 18:16

EAT v MTE, any views appreciated.

[investingdad] 18/9/2023 18:07

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.

[investingdad] 30/8/2023 12:12

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.

[marktime1231] 30/8/2023 11:19

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.

[investingdad] 26/8/2023 18:03

There is plenty of time for nav to gain momentum. It had made good progress to above 94p recently. There are plenty of economic issues and geopolitics which could play their part between now and year end. The reality is that the smaller companies might still have some tough times ahead with rates hikes. I have seen lots of 'stagflation' talk beginning when it comes to Eurozone. I am just hoping that the smaller companies sector can stay resilient. I do miss the 2.2p days! A visit to 97p year high and a further Santa Rally would be helpful come December. Fingers crossed. Though, at 86p or so I am going to keep buying as this will get back to 100p and 150p again in time.

[zac0_4] 26/8/2023 13:05

Looks like we're heading for another dividend cut, in monetary terms, for 2024.

[investingdad] 10/8/2023 21:51

I listened to the AGM and the half year reports in which they seem to have outperformed the market in 1m and 6m however longer term it is different. Thr managers seem to find very niche smaller companies, like a company that fits parts in diggers or the helmet company which was referenced a lot in the past. It is smaller companies and this is not the economic conditions for that, high interest loans and tighter lending. I feel I did read they were looking to change to allow some larger company exposure. Might be wrong? NAV was making a run towards 100p last time I checked. If you want out and out growth, other trusts are better for that. The dividend is valuable for compounding in my view. Hopefully returns are better and the 6% is at least 6p.

[cwa1] 15/5/2023 16:09

A modest, but better than nothing, director share purchase...

[marktime1231] 28/4/2023 11:05

We have to be patient for the recovery here and we will be well rewarded. A double discount indeed.

What's the betting that hl delay crediting the EAT dividend to our accounts today and cling on to the cash over the long weekend. Something like this happens every time, can't be an accident. (Landed in ajb first thing this morning).

[investingdad] 05/4/2023 18:55

I haven't stopped buying, bought big at about 90 something p just before the 2020 crash, then bought at different very cheap rates. I bought some but fewer as it got towards 150p and now I am topping up regularly and lareger below 90p. For me, it yielded about 13% overall, and importantly compounds at a very good rate. I think the latest report was a bit of a worry, with little to celebrate. And there is some talk of moving away from purely smaller companies. Time will tell whether it does and proves successful, but I agree, 5 years down the line, this is worth more than 92p per share. Hopefully towards the 200p (or beyond).

[topvest] 05/4/2023 12:32

Well I've bought a few more to hold long-term. I think a number of small cap trusts are quite good value. Of course, they might go lower with a recession. Looking 5 years ahead though they will almost certainly be higher than they are now with a bigger dividend. 6.5% dividend yield is also attractive, even after the cut.