European Assets Share Discussion Threads

[marktime1231] 30/6/2021 12:27

Thank you Aleman, the stuff about dividends was known so they are just crowing, the bit about reserves and cash was interesting. What are they trying to say, we are loaded, our yield is safe, we have deep pockets ... are they grumpy that EAT sits on a discount of around 9%, but that is normal.

The answer is to buy shares off the market at such a discount rather than sit on unused reserves? Or fold the trust and give everyone a 9% bonus?

Much more interested in outlook, value being created in stock holdings to improve NAV and so improve future dividends.

[aleman] 30/6/2021 07:43

July Quarterly Dividend

European Assets Trust PLC ("the Company") announces that a dividend of 2.0 pence per share will be paid on 30 July 2021 to shareholders on the register on 9 July 2021, having an ex-dividend date of 8 July 2021.

In addition, t he Company has paid dividends of 2.0 pence per share in January and April 2021. It will also pay a further dividend of 2.0 pence per share in October 2021. These four interim dividends, with a cumulative total of 8.0 pence per share, provide an annual payment to shareholders representing six per cent of the closing net asset value per share of the Company as at 31 December 2020.

As at 31 December 2020, the Company's audited financial statements reported a Distributable Reserve of £346 million. In addition, as at 28 June 2021, the latest practicable date prior to publication of this announcement, €15 million of the Company's €45 million multi-currency loan facility with RBSI was undrawn and the Company had a cash balance of €9.6 million.

[panshanger1] 01/6/2021 08:29

New all time high @ 138.50

[north sea boy] 25/5/2021 14:39

9p would certainly exceed my expectations Marktime, and I would be very happy see it maintained at current 8p. But as you say, very glad that I have stuck by this one myself. Best wishesNSB

[marktime1231] 25/5/2021 14:18

And with today's progress to 135p I think EAT share price is hitting a 5-year and all-time high? Thank goodness I stuck with EAT through its bad patch.

Since EAT converts asset value growth into dividends, by setting a 6% of year-end NAV as the payout, hopefully this means we can look forward to even better income next year. But it is NAV and not share price or the shrinking discount we need to watch. And remembering NAV gets diluted as Sterling gains on the Euro, so we are running into a slight breeze.

NAV peaked at 145p recently and is now about 142p compared to 2020 year end at around 136p. Ending they year over 150p for a 9p+ annual dividend would be terrific.

[panshanger1] 28/4/2021 12:38

New 52 week high @133

[rcturner2] 13/4/2021 12:02

The dividend is 8p for 2021 making a yield of 6.37% at the current share price.

[panshanger1] 08/4/2021 17:15

Nice to finish up on ex div day

[panshanger1] 07/4/2021 17:28

Spot on Took the HL figure without thinking Still offering value IMO

[aleman] 07/4/2021 16:13

The yield is 6.4%.

[panshanger1] 07/4/2021 10:57

Still on 11% discount yielding 5 % Happy to hold

[aleman] 07/4/2021 10:50

Ex-dividend is tomorrow. 2.0p.

[panshanger1] 08/2/2021 12:51

Discount starting to narrow

[soi] 12/1/2021 22:17

Hi

I was invested in this ages ago, sold out and only recently re looked.
Yes, quite a nice yield at current share price

I nibbled a few @ 120.44. High looking at chart, divi baked in albeit may drop by same amount tomorrow.
Modest size buy, allowing for a further tranche or 2.

Good Luck to holders

[north sea boy] 07/1/2021 14:52

Quite an impressive performance from EAT this year; well done folks.

NSB

[goldthorpe] 07/1/2021 08:49

8p dividend for 2021; NAV still creeping up. Lovely.

[panshanger1] 30/12/2020 11:36

At this NAV yield likely to be around 7% next year GLA

[panshanger1] 30/12/2020 11:35

Happy here NAV making good progress Not much gearing and wider than average discount

[panshanger1] 09/12/2020 11:15

Good progress continues Next year div will be calculated at 6% of year end NAV -currently at larger than average discount to said NAV Happy to hold GLA

[panshanger1] 09/10/2020 08:34

Very steady here and nice diversification if your looking for income Gearing has been reduced

[north sea boy] 16/9/2020 20:01

Just looked at that a few minutes ago myself Nipper; looking very promising at the moment, but another 15 weeks or so is a long time to hold my breath in hope.

I also welcomed the decision at start of year to state dividends in sterling from the outset, taking the FX uncertainty out of the equation.

All the best

NSB

[nipper66] 16/9/2020 17:11

Recovered well during the past four months .If the net asset value holds or even increases up to the new year the dividend pay out for next year will be rewarding.

[panshanger1] 25/8/2020 10:07

All quiet here Recovered nicely from Cov 19 lows Decent dividend and reasonable discount still

[andyj] 01/5/2020 09:51

I actually sold out yesterday morning after a good run. It has been in my portfolio for several years and been one of my disappointments. Good luck.

[jfinvestments] 01/5/2020 07:42

EAT did well yesterday contrary to the markets in general. it could head back towards 86p today, and lower in time given impact of c-19 on eurozone. Good dividend. I'm sticking with it.