European Assets Share Discussion Threads

[panshanger1] 15/2/2022 11:58

Nibbled a few here for the dividend income - not much of a discount though Will add over coming weeks if opportunity presents itself

[marktime1231] 25/1/2022 17:59

Looking at the remaining 6.6p dividend this year yield would be 5.5% if you can get some at 120p. Thereafter 6% of year-end NAV. Is the share price / NAV heading back to 140p+ from here, well I would hope so yes but it could also drift a bit further with inflation and economic drag in Europe as we overcome Omicron. You could hedge your bets by taking it in instalments eg some in case this is the low and some either if it dips lower and/or when it becomes clear values are on the rise again.

Even though my average buy price is so much lower I mentally set myself a buy price of 120p, wondering whether there could be a 10% bounce ahoy.

[killing_time] 25/1/2022 16:09

Yep me, I have been buying this this afternoon, locking in a 7.2% div.

[cwa1] 25/1/2022 15:55

Someone thinks it's fair value...

[panshanger1] 25/1/2022 09:33

Still yielding over 7% at this price

[cwa1] 13/1/2022 12:23

XD this morning for 2.2p, pay day 31/1

[cwa1] 12/1/2022 17:06

Capital Partners with almost 5%:-

[marktime1231] 10/1/2022 14:50

Understandable. The macro pressure is downward on underlying stock prices just at the moment, I'm wondering if there may be an even more tempting opportunity to add on the way.

[panshanger1] 06/1/2022 18:32

FWIW Long interview with Sam Cosh in last weeks investor chronicle

[marktime1231] 06/1/2022 16:27

Rounded up to four x 2.2p thank you Bank of Montreal or Threadneedle or whatever name you go by these days.

To think you could have bought these under 80p during the covid crunch.

Surprised an investment giant has not sought to replicate this model of converting a bit of growth in to top drawer distribution. Income investors would be lining up.

The share price performance has been boosted by the narrowing of the discount, used to average around 10% now under 5%. If that trend continues to the point where EAT trades at a modest premium 2-3% we could arrive at that pivotal moment where the trust can expand, issue new stock at a small gain, propel itself forward using demand momentum. Why not, other income trusts with a solid track record do it.

Nevertheless the performance of EAT rests on the growth of its basket of pan-European small and mid-caps, and as the man on the telly says they can go down as well as up. We can be happy with years of steady progress but that does not mean it will always be linear and so impressive.

[cwa1] 06/1/2022 07:40

As a relative newcomer here I have to say I'm reasonably happy with that

[rcturner2] 06/1/2022 07:16

Dividend for next year will 8.8p (a 10% increase on last years 8p).

Current yield is about 6.3%.

[marktime1231] 04/1/2022 22:24

Oh well a tiny undershoot at 145.95p means the dividend will be only four x 2.18-2.19p. Can't be too disappointed with that, what a good start to 2022.

[rcturner2] 04/1/2022 14:59

EAT is a fairly boring investment trust that gives exposure to the European economy while also providing a pretty substantial income. I like it for what it is. A total return of between 5 and 10% a year will do me fine.

[marktime1231] 04/1/2022 13:25

My guess for year end will be a NAV of 146.xx and so a dividend to be annouced for 2022 of four x 2.19-2.2p. An rns to that effect on Thursday maybe, with a short fuse eg ex-div the following week and payday before the end of January.

But for gloomy reports of omicron having a hard impact on the German economy this would be an obvious add. There might be a bumpy first quarter. Then yes total return will likely continue here as well as anywhere else, as we get past the drag of covid19, the unwinding of supply chain problems, etc. Just imagine the boost if and when unrestricted travel returns. Not the spectactular performance of out-and-out growth trusts, but enough to convert in to top drawer 6% income and a good chance of 10% yield progression.

[marksp2011] 28/12/2021 08:49

The question is whether the Total return will hold up?

The Divis are great and I am reinvesting in BGEU/MTE rather than EAT.
BGEU has been a disappointment but MTE has done well. Different strategies.

[marktime1231] 23/12/2021 16:38

EAT doing its best to get back to 150p before 31 Dec, but unlikely to make it even with a Santa rally and all sorts of theories about Omicron. Somewhere mid 140's meaning a dividend next year around 8.7p maybe. And we know because we have already seen there is more to come in a less-infested world.

[redips2] 14/12/2021 16:15

Welcome to the world of EAT.

[cwa1] 14/12/2021 15:00

Afternoon

For no particularly good reason I had pencilled in a price of 135p as being worthy of taking a handful here...so I've joined your merry band with a maiden purchase...

Good fortune to one and all :-)

[marktime1231] 03/11/2021 16:45

Every reason to worry about NAV since that is how they calculate next year's dividend. NAV performance is both growth and income progression, a unique investment trust which is having a brilliant run.

[rcturner2] 03/11/2021 07:23

My personal opinion of EAT is that it is a long term hold and there is no need to worry about the NAV as it will look after itself.

[north sea boy] 02/11/2021 19:48

Just need it to hang on to that level until 31 December; it would certainly be useful if it can. Fingers crossed, and still holding.

NSB

[marktime1231] 02/11/2021 19:19

Indeed rebounding, I suspect we will hear NAV was back up through 150p again today. Splendid.

[marktime1231] 14/10/2021 14:27

NAV looks to be progressing again, let's hope we have turned the corner and are heading back towards 150p.

[aleman] 28/9/2021 15:24

To: RNS

From: European Assets Trust PLC

Date: 29 September 2021

LEI: 213800N61H8P3Z4I8726


October Quarterly Dividend


European Assets Trust PLC ("the Company") announces that a dividend of 2.0 pence per share will be paid on 29 October 2021 to shareholders on the register on 8 October 2021, having an ex-dividend date of 7 October 2021.


In addition, the Company has paid dividends in January, April and July 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 30 June 2021, the Company's unaudited interim financial statements reported a Distributable Reserve of £336 million. In addition, as at 27 September 2021, the latest practicable date prior to publication of this announcement, €5 million of the Company's €45 million multi-currency loan facility with RBSI was undrawn and the Company had a cash balance of €12.2 million.



Enquiries:

Scott McEllen

BMO Investment Business Limited Tel: [phone]