European Assets Share Discussion Threads

[spectoacc] 24/10/2016 15:41

@lizafl - fair point. "4th of 4 better than 40th of 40" about the best response I can think of.

[lizafl] 24/10/2016 14:31

Yes, SpectoAcc, you're quite right. I'd forgotten about the effect of the widening discount. In fact checking on Trustnet, I see that NAV performance is in a rising trend. However, EAT's 1 year and 3 year performance figures put it 4th out of 4 trusts in its sector. Perhaps that explains the rising discount?

[spectoacc] 24/10/2016 13:58

Seems to be on an unusually large (c.9.5%) discount lately, anyone know why? Not sure it's fair to say the performance has been poor when the discount's gone wider & the divi comes off the NAV, though agree it'd look a lot less healthy without £ tank.

[nimbo1] 18/10/2016 11:50

All valid points. If it fell another 5% or so I'd have a few more.

[lizafl] 17/10/2016 10:17

Performance isn't great though - it's been on a downward trend since April 2015. I hate to think where the share price would be without the benefit it's had from the 20% depreciation of the £.

[nimbo1] 16/10/2016 20:14

At this price and exchange rate the yield is 8.5% assuming the last divi payment is maintained...

[masurenguy] 07/7/2016 14:26

Brexit blues !

[nipper66] 12/4/2016 10:02

Good value Great divi.

[montyville2] 16/3/2016 16:04

Happy to continue holding here and will look to top up on weakness. Looking forward to the London presentation in early May.

[masurenguy] 16/10/2015 08:10

The investment objective of the Company is to achieve growth of capital through investment in quoted small and medium-sized companies in Europe, excluding the United Kingdom. A high distribution policy has been adopted and dividends have been paid mainly out of other reserves. The Board announced and paid dividends totalling EUR 0.7581 (net) per share for the year to 31 December 2015 payable in three instalments in January, May and August.

Review of the period to 30 September 2015

This was a more difficult quarter for European Assets Trust with our total return underperforming a weak market. Following on the strong first half, the markets faltered over the summer months as principally weakness in emerging market economies caused investors to question whether Europe could thrive in an environment of a slowdown in growth of global output and trade. The recent Volkswagen scandal also weighed heavily on the European equity markets. Over the quarter our NAV returned -2.8% in Sterling terms, which was behind the index which delivered -0.7%. Nevertheless, our performance year to date of +9.5% is still comfortably ahead of the benchmark's return of +7.5%.

Recent economic activity in Europe has not, however, in contrast to global activity, disappointed with domestic demand and consumer confidence continuing to recover. This remains a good backdrop to invest in more domestically focused smaller companies. We are not however economic forecasters and believe that our strengths lie in stock selection. On this front, the recent market falls have provided more opportunities to both add to existing holdings as we have continued to issue shares, but also provide a strong pipeline of new investment opportunities. As is our process, we will continue to focus on company fundamentals and our team will work hard to identify the investment opportunities that will deliver strong returns for our shareholders over the long term.

Over the three month period ended 30 September 2015 the Company issued 3,220,000 new Ordinary Shares for a total consideration of £34.7 million representing 12.0% of the Ordinary Shares in issue at 30 June 2015. During the period the Company also issued 7,987 Ordinary Shares from treasury via scrip dividend. To facilitate this issuance the Company published a prospectus in July 2015. This prospectus allows the Company to issue up to 9 million new Ordinary shares at an issue price of at least net asset value and a premium to cover the commissions of issuance. 5 million shares were made available for issue under a blocklisting facility. Of this current blocklisting facility as at 30 September 2015 2.4 million remain available for issuance.

[plasybryn] 22/1/2015 14:08

QE bigger than expected. Won't this be good for European Stocks medium term.
Takes a bit of time to filter through.
Dow Jones did well on the back of all this "thin air" money.

[lord gnome] 07/1/2015 08:30

Nice divi increase for the coming year. +8.5% in Euros should repair any damage caused by exchange rate changes. I just wish we could have four equal quarterly payments. The current arrangement is odd to say the least.

[kiwi2007] 17/10/2014 08:54

Nice to be able to get back in at a decent discount...good yield too...

[nipper66] 26/3/2014 16:49

This stock is still a strong buy in my hbo

[chrisgail] 08/1/2014 07:52

Excellent dividend, this Company just keeps on delivering, should be a long-term hold in everyone's portfolio.

[plasybryn] 14/11/2013 17:23

£10 on its way.

[plasybryn] 06/8/2013 14:06

Goes Ex dividend tomorrow, so buy today if you want the end of August income payment.

[plasybryn] 23/7/2013 16:17

Still performing

[wirralowl] 17/6/2013 09:21

Thanks, tiger, will check it out.

[tiger20] 15/6/2013 16:19

A buy in yesterdays Investment Chronicle with 5.5% dividend

[wirralowl] 03/6/2013 20:15

Bought in this morning on the dip at 832p. Still see Europe as risky, but valuations are cheap and wanted some exposure to Euro income, so fits the bill quite nicely. Decent discount to NAV too, pretty difficult to find nowadays in many IT's.

[pherrom] 06/2/2013 10:06

I've answered my own question.

The 2013 dividends will be paid in three equal instalments of Euro 0.1834 per share on 31 January, 31 May and 30 August 2013. The January dividend payment of Euro 0.1834 will be paid to shareholders on the register on 11 January 2013, having an ex-dividend date of 9 January 2013.