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Share Name Share Symbol Market Type Share ISIN Share Description
European Assets Trust Plc LSE:EAT London Ordinary Share GB00BHJVQ590 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.60 0.62% 97.20 480,692 16:35:21
Bid Price Offer Price High Price Low Price Open Price
97.00 97.40 97.60 95.40 96.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 6.86 5.37 1.27 71.6 350
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:32 O 13,524 97.275 GBX

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Date Time Title Posts
24/1/202317:14European Assets Trust137
31/3/202212:16European Assets Trust 4
31/8/202108:22European Asset Trust. Continental small/medium company investment Fund67
20/3/202011:14Just havin' a look.49

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Posted at 05/2/2023 08:20 by European Assets Daily Update
European Assets Trust Plc is listed in the General Financial sector of the London Stock Exchange with ticker EAT. The last closing price for European Assets was 96.60p.
European Assets Trust Plc has a 4 week average price of 90p and a 12 week average price of 87.80p.
The 1 year high share price is 126p while the 1 year low share price is currently 75p.
There are currently 360,069,279 shares in issue and the average daily traded volume is 1,142,830 shares. The market capitalisation of European Assets Trust Plc is £349,987,339.19.
Posted at 24/1/2023 17:14 by 123ct
The stock holdings are all small to medium sized growth companies that fell because their p/e ratios got cut on rising interest rates, they are just cyclical and will recover when growth stocks return to being back in demand.

I wouldn't over think this about politics and energy prices, globally the whole sector of growth stocks as everyone knows sold off last year but as the managers say the business models are strong, good cash flow and little or no debt just wait and wait and wait.

EAT fell 30% last year so about the same as Nasdaq and that is all large companies so you may see that when Nasdaq recovers growth companies should then be back in favour.

Psychology always trumps fundamentals

Posted at 14/11/2022 19:55 by aleman
EAT versus STOXX 50 as far back as the index goes. It outperforms in bull markets and underperforms in bear markets. It could be a false start but it has outperformed by about 7% in the last month. (Ignore the different colors for EAT between the two.)


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

Posted at 14/11/2022 17:33 by aleman
Euro shares up a bit and £ down a bit against the Euro today should see NAV announced above 100p tomorrow. The share price looks like it will indeed test the 200-day very soon, as speculated 2 weeks ago. Can it get through? It does not happen often at the first attempt but it's always good to see it try to, anyway.
Posted at 26/10/2022 19:50 by aleman
Cash and equivalents at the interims was 5.9p so there should be little immediate need to sell any depressed stocks to pay the dividends. If they pay 4.4p in H2 there is still 1.5p left (absent further significant trading). However, there are revenue earnings that approach 3p per year which reduce the need to sell, too. They probably push year-end cash to nearly 3p after 4.4p of H2 dividends. If NAV hits 100p at the year end and the dividend turns out to be 6p, it will be nearly half covered by next year's income and only need a slightly more than 3p dip into cash reserves - and less if NAV is lower. That cash looks to be there. In other words, a likely level of dividend for next year is likely to be already about covered before any stock sales are needed (again, absent any singificant trading in the meanwhile) .

One other point to consider. Gas for hour-ahead delivery to Europe fell BELOW ZERO on Monday. LNG tankers are queueing to deliver soon at moderately elevated - but more than halved - November prices but can't as the EU system is full up. There is no gas shortage - just infrastructure and cooperation issues which seem to be slowly improving. The Netherlands Nov gas price has fallen to 99 Euros/MWh from 350 but it's less than half that in Spain and Portugal where there is less need and limited capacity to pipe to the rest of Europe. The reserve shortages and other outages are now patchy. EU electricity generation only uses 15% gas and falling - and the system is packed. French nuclear is slowly coming back on line, increasing spare capacity and allowing more substitution. It's raining again after the drought and the hydro generation outlook is improving a bit. It's all stacking up to be not bad at all unless there is a big cold snap but they might manage even then and any problems might be relatively localised. It's not entirely clear how it will work out but prices have fallen greatly and the outlook has improved greatly. It's still uncertain but looking far better than the low point in August when a series of events indicated a possible crisis brewing. EU shares and bond yields do not really reflect the energy/inflation outlook improvement but are starting to respond a bit. They probably have a bit of catching up to do unless there is a cold snap soon and national self-interest starts getting in the way again. It looks like they will probably muddle through and the inflationary pressures will reverse - but nothing is certain. Such is life.

https://edition.cnn.com/2022/10/26/energy/europe-natural-gas-prices-plunge/index.html

I topped up recently at 84p+. Apart from the above, inflation was over 10% in the past year. If things normalise to something like how they were next year then, all things being equal, NAV should be over 10% higher. This goes for lots of shares. Some are cheaper than you think at first glance when you look at charts.

Posted at 26/10/2022 14:47 by aleman
NAV gone over 90p.

I'm beginning to wonder if these have bottomed, as the 50-day tries to level out for the first time after over a year of falling. Top to bottom, EAT shares have fallen 51.2%. Add in inflation over those 11 months and a real fall of 55-56% sounds like a possibly completed bear market. Why would it have turned? EU energy prices have collapsed after warnings they would double again from what actually turned out to be the summer peak. The main driver of inflation this year has almost completely reversed since August and energy prices are pretty much back to where they were a year ago. (Spots below and futures a bit higher - but falling.) Should EAT's price also return to year ago levels as this feeds through?

Posted at 12/8/2022 12:33 by jfinvestments
I am firmly of the belief that this share price has a greater probability of hitting the recent lows than it getting to All time highs or even above Nav in the next quarter. I think the war in Ukraine is still happening, countries hitting recession, inflation, but energy shortages are the primary concern. Added issue: The heatwaves are causing the Rhine to be at lower levels therefore allowing less transport of goods including fuel (particularly important given Germany's coal plan). Nations preparing for organised blackouts. Saying that though, I am riding out this shorter term, I will keep topping up below 100p and add below 88p. There is still one good dividend left of 2.2p, and I hope that the nav remains at the 100p mark (although this will disappoint me, it is still 6%).
Posted at 04/8/2022 11:50 by marktime1231
You may have missed the bottom?

Having doubled up too soon on the way down I was happy to grab some more in the low 90s. I figured there is potential upside if the fear of European recession means underlying stocks have been oversold by around 10%, isn't that often the way? And a prayer that EAT drags back up to at least 100p+ and maybe even 110p+ NAV by year end.

6% is 6% so EAT is worth a go if we are around the bottom, and when you think there is an unreasonably wide discount to NAV in the share price

Posted at 03/8/2022 06:43 by cwa1
Hmmmm...

https://www.investegate.co.uk/european-assets-tst--eat-/rns/half-year-report/202208030700046710U/

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."

Posted at 07/6/2022 22:06 by jfinvestments
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).
Posted at 25/5/2021 13:18 by marktime1231
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.

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