European Assets Share Discussion Threads

[brwo349] 02/9/2024 12:31

the discount is now over 13% again since NAV is 100.76 and buy price is 87.5p

[brwo349] 13/8/2024 10:01

bought more this morning at 84.2 for an over 12% discount

[brwo349] 06/8/2024 20:13

NAV only down 1%. Impressive. I thought it would be much worse.

[brwo349] 29/7/2024 13:21

I forgot about the high dividend. The yield is 6.8% some of which is paid out of capital. That will go some way to explaining the apparently poor NAV performance.

[brwo349] 29/7/2024 12:37

NAV up to 98p. My mistake. I checked back to the beginning of the year and the NAV was just over 98p so it's flat for the year. I dont know why the investments have performed so poorly. Maybe it's a smaller european companies sector wide issue. I've added today.

[nerja] 26/7/2024 15:36

I have but can’t say it’s with any real conviction

[brwo349] 26/7/2024 14:34

There cant be many equity trusts down year to date but this is one.
It is down 3.5%. Glancing at the chart the NAV is actually up about 6% it's just the share price has not followed. I've been topping up here today,

[essentialinvestor] 15/7/2024 08:40

12% discount to NAV is towards the top of the usual range, it got to 13-14% at one point, from memory.

[rcturner2] 15/7/2024 07:13

I am back in today for a reasonable sum. Decent risk/reward at this price.

[brwo349] 03/7/2024 10:53

EAT going ex dividend 1.475p tomorrow

[brwo349] 19/6/2024 13:42

I bought this morning for the income at under 88p.

I also purchased CHIB which is a UK income trust on a double digit discount with a yield of 6.25%.

[aleman] 19/6/2024 13:06

The discount is getting high again by historic standards, at over 13%.

[investingdad] 04/6/2024 08:38

The likelihood that interest rates will settle at a higher level than the past decade will help European stocks to outperform their global peers, according to Citi strategistsLet's hope so!

[aleman] 23/5/2024 09:23

Some economists are now saying an ECB rate cut is coming in June on the back of weak inflationary pressure seen in the latest EU Flash PMI narrative. European shares seem to have turned up since the PMI was published.

[marktime1231] 22/5/2024 16:45

New board member Kate of the Cornish Bowdens buying in, helping the cause.

[makinbuks] 21/5/2024 07:57

Yes, I imagine there are quite a lot of sellers ignoring the NAV and just grateful for the recent recovery, that volume will eventually clear

[essentialinvestor] 20/5/2024 12:34

90 pence proving resistance, however
If NAV keeps rising then not for long.

[marktime1231] 20/5/2024 11:41

And a new Chairman I think.

So long as NAV keeps improving the discount is less of a worry, an opportunity in fact if the new guys are minded to close the gap with a bit of portfolio pruning and ...

[makinbuks] 20/5/2024 09:26

From Citywire

"European Assets (EAT) leaps into second place in our ‘cheap’ list with shares in the poorly performing smaller companies trust falling to a 13% discount after the replacement of fund manager Sam Cosh this month, just behind UK small-cap IPU in the top spot on a wider 16% discount."

[kohsamui] 19/5/2024 14:26

I just looked up the performance record of the new head investment manager- I don’t understand why he is being given mandate as it’s shockingly poor…1 star rated.
I was thinking about taking advantage of widest discount in a while, but now I see why !

[marktime1231] 17/5/2024 16:15

Yes NAV still on the front foot, approaching 104p. I added this week when the yield hit 6.7% and on the prospect of further strong progress. The window to buy in the 80s must be closing. It will be interesting to learn which direction the new manager is going to take us, a portfolio refresh to weed out strugglers and perhaps more active management of the discount.

[aleman] 17/5/2024 13:52

Share price not keeping up with NAV generates a potential yield of 7.0% here atm. I think that's the first time where I've calculated it reaching that level (if current values were to hold until the next trigger date of course).

[essentialinvestor] 10/5/2024 12:44

Mark,
appreciate the reply and your view, thanks.


Good to see SKG as a top holding.