European Assets Share Discussion Threads

[marktime1231] 30/6/2022 13:13

I have used this year's contribution tax relief and some accumulated dividends to top up the EAT holding in my SIPP this morning at 93p, ahead of the 2.2p payday in July, with fingers crossed that we can hope for markets to stabilise and NAV 100p+ by year end.

[cwa1] 29/6/2022 07:16

July Quarterly Dividend

European Assets Trust PLC ("the Company") announces that a dividend of 2.2 pence per share will be paid on 29 July 2022 to shareholders on the register on 8 July 2022, having an ex-dividend date of 7 July 2022.

In addition, t he Company has paid dividends of 2.2 pence per share in January and April 2022. It will also pay a further dividend of 2.2 pence per share in October 2022. These four interim dividends, with a cumulative total of 8.8 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 2021.

As at 28 June 2022, the latest practicable date prior to publication of this announcement, an annual dividend of 8.8 pence per share represents a yield of 9.1 per cent calculated with reference to the Company's closing share price of 97.0 pence that day.

[aleman] 18/6/2022 16:27

It's understandable to think that on ADVFN. The odd thing is how many decent investors are still on here despite the multitude of nutters. Most decent questions still get decent answers, though.

[aleman] 17/6/2022 17:02

It's set soon in the new year on Dec 31st NAV.

[jfinvestments] 17/6/2022 16:52

0.0144p dividend per quarter at 96p NAV. A fairly big drop for the next year. I think there is a further drop coming and I hope it recovers in time for when they set the dividend from (I still don't know what date that is?).

[contango1] 17/6/2022 15:57

nav 96 on 16-6-22

[jfinvestments] 07/6/2022 23:06

Okay, well plenty of time and volatility ahead. I can see 6.5p being a likely amount which will be disappointing compared to this year's. Interestingly, over the last 6 months the performance Vs other EU based shares: https://twitter.com/FinanceJohnath1/status/1534289475240607745?t=tWX2wngCc2tUPanqG-qtTg&s=19I like that they have a good allocation to semiconductors etc in the portfolio and I bought big into this trust when it was at 99p just before full March 20 crash and I kept topping up throughout the pandemic. So I'm averaging a yield which is far higher than 6%. I will bulk buy at 98p and blow 90p on the next dips (if they happen) and partly make up for the predicted gap in dividend. 5 years time I think this share price will be above 200p and we'll have all doubled from here. For those seeking income and who don't need the money for a few years, this would offer £1000/1.03 would equal about 970 shares, which at 4.4 for the final two Qt would give ?£42. Then add on (6p div next year per share) that's about £58. I.e 10% income from 18 months. All depends on share price at year end but it's a risky market and this is still the beginning of a crash for me. (P.s. I hope I'm wrong).

[jfinvestments] 06/6/2022 22:05

A fall of 1.5-2p is looking very likely annoyingly. I still think it is a well run trust, but I have enjoyed the 2.2p dividend. When was/is year end?

[aleman] 01/6/2022 13:57

NAV still recovering at 107.64p so the potential dividend for next year is growing again. Anything over 6p would be nice on my recent top-up.

[aleman] 18/5/2022 11:39

NAV dropped from 154p to 100p (-35%) and is now going up again. Allow for higher inflation, and that could be the bottom (at a fall of more than 40% after EU CPI of 7.4% - most of which occurred in just the last few months). 2 x 2.2p dividends to come this year and then it will reset. If it just goes up a bit that will be fine. If we get to 120p NAV and a 4 x 1.8p dividend, I'll be very happy, but 100p and 4 x 1.5p would not be the end of the world. I've bought some more as this looks good value for the longer term, barring a nasty escalation in Ukraine would that mess up everything anyway.

[contango1] 12/5/2022 10:26

Yesterday's nav 101p "indicated" dividend for 2023 6p. Discount to nav 3% average discount over the past year 7%. Suggesting an share price of 94p. Also bear in mind an share price and nav falling for 8 months

[lord gnome] 11/5/2022 18:35

Any dividend cut will take effect in 2023. The company pays out 6% of nav each year. If nav drops to £1 then the 2023 payout will be 6p and not 8.8p. We need nav to climd to around 140 - 150p to maintain the current level of divi next year. Good luck with that, I say.

[catch007] 11/5/2022 16:31

fordtin: Good point thank you, and one I am aware of hence I used the word 'May' in my commentary it is not certain. There has been a sea change in market sentiments in the past 6 weeks with the Ukrainian war impact I hope like you, dividends continue as the yield is excellent for an income portfolio hence my top up today. GL

[fordtin] 11/5/2022 14:39

catch007 -

I can't see EAT cutting the dividend any time soon having published the following only six weeks ago;

"... a dividend of 2.2 pence per share will be paid on 29 April 2022 to shareholders on the register on 8 April 2022, having an ex-dividend date of 7 April 2022.

In addition, the Company has paid a dividend of 2.2 pence per share in January 2022. It will also pay further dividends of 2.2 pence per share in July and October 2022. .."

[catch007] 11/5/2022 13:54

Had a nibble at 98.6p this morning to add to my holding. Sell off way overdone imho and though may suffer further falls in short term will recover in time. I suspect the divi may be trimmed however will remain attractive at these levels. GLA

[brucie5] 09/5/2022 19:56

Shares tend to fall fastest towards their ultimate destination after the £1 threshold crossed. Just an observation. This may be brutal, but it's an income IT, so a case of safety in numbers...

[marktime1231] 09/5/2022 13:43

The trick to investing in EAT is to buy in when you think the share price will be higher at 31 Dec next, then if all goes to plan you are buying a 6%+ future dividend. Look beyond the short term payments, and the next one is months away yet.

I was waiting for under 100p to double up, but I am still not sure what the bottom is or what the year end might bring. Could we see something in the 80s even?

[brucie5] 07/5/2022 21:44

Back to £1. A break below would be interesting.

[brucie5] 04/5/2022 17:02

Added by >10% today, and it'll no doubt get lower still.

[panshanger1] 28/4/2022 08:37

Almost certainly as it will be 6% of year end NAV

[rcturner2] 28/4/2022 08:30

The dividend they pay in future may well be lower than the current dividend.

[lima666] 28/4/2022 07:57

Panshanger1, are you suggesting the dividend will be much lower than currently offered ?

[panshanger1] 28/4/2022 07:32

Don't forget though that next year's dividend is based on the year end NAV and not earnings They can pay out of capital here to cover shortfall if necessary