European Assets Share Discussion Threads

[marktime1231] 28/11/2024 12:11

Better fortune and better stock picking and we should eventually recover, and that opportunity is still worth holding for. This is about as low as I remember. But we are struggling for the sort of good news which will give us another Christmas NAV rally to hold up the dividend. Fingers crossed though, every penny helps.

[investingdad] 01/11/2024 21:33

I think it is entirely reasonable to mention that it reached it's highest point (since the 90s) in the everything rally following COVID and then was sold off due to profit taking but also the rotation away from smaller companies. Hopefully you haven't overlooked me also saying it isn't ideal performance and agreeing. The new managers need to do better. I know they hold shares which have seemingly had a good 2024, but it's always a question of what and when they bought them.I am fully of the belief that it will get above 100p again in the future, I've no idea how long it will take, but I will reinvest dividends and top up when I see value.

[investingdad] 31/10/2024 07:32

Yes, but that was well truly the everything rally rather than EAT being a better prospect at that point. I agree however the performance has not been good enough, though it is smaller companies based which have also struggled yet not to the same extent. Yet to see much change from the new managers in terms of progress but there have been some changes in the top ten from a quick look. Industrials making up nearly 40%.I remain holding and picking up dividends, buying at this price has served me well in the past, but I am not excessively buying either.

[essentialinvestor] 31/10/2024 00:15

In October 2021 the share price was near £1.50.

Utterly dire.

Nice day for SWR.

[marktime1231] 30/10/2024 23:48

Yes. NAV is around 95p and could easily rally a few pence like it did last year. The share price discount has widened but that doesn't affect the dividend, it boosts yield.

[investingdad] 30/10/2024 21:39

Still time for a rally to 90p with a US election rally before the annual a Santa rally?

[aleman] 30/10/2024 09:44

Starting to look like the 2025 dividend will fall significantly but it might then have a slightly higher cover. (So 5p and 45-50%?)

[brwo349] 30/10/2024 08:23

Kepler Trust Research

[rogerrail] 11/10/2024 12:15

Apologies misread your post, As always depends on what time period you chose which is very subjective, for me happy with a return of 9% in a year which is nonetheless below the peak and somewhat dissaponting that it hadnt kicked on from there but thats the story for the whole stockmarket .

[essentialinvestor] 11/10/2024 11:48

I have 98.78 pence per share from the last December RNS before the new year.

[essentialinvestor] 11/10/2024 11:40

Did I misread?.

[rogerrail] 11/10/2024 11:36

How did you come to that conclusion?NAV has risen from 87.86p 10/9/23 to 96.09p 10/9/24That's over 9% increase.

[essentialinvestor] 10/10/2024 17:08

Yes, NAV has gone nowhere YTD.

I've been very critical of performance in the past so can fully understand the Manager change.

[marktime1231] 09/10/2024 17:01

Eight of the top ten holdings are up 30-90% over a year with one (Smurfitt) flat. That EAT has made no real progress means the rest of the portfolio must be dogs. I am beginning to share the frustration that we seem to be underperforming the index, the new investment manager they brought in to fix this needs to crack on. Hopefully things will come good next year.

[essentialinvestor] 09/10/2024 08:23

Added yesterday.

Rates accross the Eurozone should now be on a steep downwards trajectory.


Wish I'd bought some Cairn Homes myself!.
Top holding for EAT.

[brwo349] 02/10/2024 13:57

In for some more at 84.64p. Another one that is being sold down and just before going ex dividend.

[aleman] 26/9/2024 07:18

October Quarterly Dividend

European Assets Trust PLC ("the Company") announces that a dividend of 1.475 pence per share will be paid on 31 October 2024 to shareholders on the register on 4 October 2024, having an ex-dividend date of 3 October 2024.

In addition, the Company has paid dividends of 1.475 pence per share in January, April and July 2024. These four interim dividends, with a cumulative total of 5.9 pence per share, provide an annual payment to shareholders representing six per cent of the closing net asset value ("NAV") per share of the Company as at 31 December 2023.

As at 25 September 2024, the latest practicable date prior to publication of this announcement, an annual dividend of 5.9 pence per share represents a yield of 6.9 per cent calculated with reference to the Company's closing share price of 85.7 pence that day.

The level of dividend paid each year is determined in accordance with the Company's distribution policy. The Company has stated that, barring unforeseen circumstances, it will pay an annual dividend equivalent to six per cent of its NAV at the end of the preceding year. The latest published NAV for the Company was 97.2 pence as at 24 September 2024.

[brwo349] 23/9/2024 22:20

Added another 5K today. It's nice having some euro exposure.

[rogerrail] 21/9/2024 13:20

NAV is however up circa 6% in the past year and 8% in 2 years.

[steve3sandal1] 20/9/2024 18:55

I quite like the management changes here. A few presentations and infomercials from them and the portfolio has churned significantly over the past few months. The stock case studies are largely names I've never heard of but which have been chosen on the basis of very strong competitive positions in their industries. That's a major tick for me. I had previously held under the last regime but left I think following underperformance. I've bought 4 times recently on down days and around the current share price Look forward to following EAT news.

[brwo349] 19/9/2024 13:51

yes it is down 2% for the year which is a terrible performance even if some of the dividend is paid out of capital. Due a reversal in fortunes especially with a dividend soon to be announced

[ih_538656] 17/9/2024 13:23

Huge underperformance against MTE over 12 months.

EAT may be overdue some better fortune - astute stock selection an imperative.

[aleman] 02/9/2024 15:48

... making the implied yield 6.9%.