European Assets Share Discussion Threads

[rcturner2] 03/8/2022 06:45

I have been debating doubling up on EAT, but I must admit I am bit spooked about what is happening in Europe at the moment. There are some serious issues ahead. If we have energy rationing this winter, which is entirely possible, then expect some large falls in stock markets.

[cwa1] 03/8/2022 06:43

Hmmmm...



Not sure if "highlights" is the coreect word...

Highlights for the half-year ended 30 June 2022:



· Net Asset Value total return of -31.4% in comparison to the benchmark return of -21.0%.

· Share price total return of -31.8%.

· An annual dividend of 8.8p per share for 2022 representing a dividend yield of 9.2% based on the Company's closing share price of 95.7p on 1 August 2022.



"European smaller companies represent a large, diverse market, composed of a collection of dynamic, entrepreneurial businesses that through time are expected to navigate their way well through challenging operational circumstances. These characteristics were not rewarded in the first half. We are confident that they will be over the long term."

[marktime1231] 01/8/2022 10:09

Well HL didn't hold on to it over the weekend but made it available too late on Friday. Reinvested this morning. I remain hopeful of NAV > 100p at year end, your 1.4p quarterly hopefully conservative.

[jfinvestments] 29/7/2022 17:20

I got mine first thing with II haven't had any issues with them. The app is improving too. As for the share price here, yes it is good to see some rebound from 88p mark. I haven't topped up recently with any larger amounts, only because the uncertainty regarding the dividend payment for next year (I still think 1.4p per quarter seems a safe estimate) but will reinvest the dividend from today and monthly small amounts. Buying a share for less than £1 is always a good idea with this trust for me. I'm sitting on about 12% dividend return thanks to that policy - it wipes out the capital loss.

[marktime1231] 29/7/2022 15:23

Positive share price today, everyone reinvesting the splendid dividend?

Frustrated that HL has still not credited the amount to my account, not for the first time being slow, furious if it hangs on to my cash over the weekend. The amount would have got me ready to make a top up somewhere. The so-and-so's do this so often it can't be by accident, other platforms are reliably prompt.

[jfinvestments] 15/7/2022 06:37

https://twitter.com/FinanceJohnath1/status/1544567228850388997?t=Jt8cNK6O2J7CdBQTbvBDEA&s=19I unfortunately saw this one. There could be another fall late July. I'm refraining from further purchases just yet.

[marktime1231] 14/7/2022 11:59

Really surprised we have dipped in to the 80s did not expect to ever see that again, left with the hope that NAV is going to hold up stronger than the share price European economies desperate for some brighter news, it feels like we have not quite seen peak inflation yet though.

[catch007] 30/6/2022 18:19

marktime1231: I did the very same for a small top up of 1000 shares at 93p and I follow the same logic as yourself. I remain heavily underwater with EAT. I also bought into SRE today at 90p and looking to increase my exposure in SERE given the dividend opportunity. GL

[marktime1231] 30/6/2022 12:13

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 06:16

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 15:27

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 16:02

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

[jfinvestments] 17/6/2022 15:52

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 14:57

nav 96 on 16-6-22

[jfinvestments] 07/6/2022 22:06

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 21:05

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 12:57

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 10:39

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 09:26

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 17:35

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 15:31

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 13:39

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 12:54

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