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
  0.00 0.0% 146.00 1,799,855 16:35:07
Bid Price Offer Price High Price Low Price Open Price
145.00 145.50 148.00 145.50 148.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 3.50 2.28 0.53 285.1 526
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:34 O 151,402 146.03 GBX

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Date Time Title Posts
17/9/202112:26European Assets Trust10
31/8/202109:22European Asset Trust. Continental small/medium company investment Fund67
27/8/202113:00European Assets Trust 2
20/3/202011:14Just havin' a look.49

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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 146p.
European Assets Trust Plc has a 4 week average price of 143p and a 12 week average price of 133.50p.
The 1 year high share price is 152p while the 1 year low share price is currently 98.80p.
There are currently 360,069,279 shares in issue and the average daily traded volume is 735,102 shares. The market capitalisation of European Assets Trust Plc is £525,701,147.34.
marktime1231: Treated myself to a few more EAT hoping this brief lull in NAV back to low 150's is ready to turn up again, and the next 2p on its way in October.
marktime1231: NAV around 155p and the discount narrowing to about 4%, had me looking back over the charts. For long periods of the last decade EAT has traded at around par, so why not again, a premium even. The chart shows a compounding share price return of very nearly 10% pa while delivering a 6% yield. There may be pure growth trusts which have done better on a total return basis, but not many income trusts? Every income or retirement portfolio should have some.
marktime1231: Yes NAV within a whisker of 150p again, I wonder if it will stick this time. Did demand get a boost from people reinvesting dividends paid today, as you say a strong uptick late on. EAT performance over the last year has been tremendous.
marktime1231: When I wrote EAT might hit 150p NAV in the next few weeks I of course meant minutes. edit ... just short by a whisker, so weeks it is then.
marktime1231: A dividend of 9p or more will be payable in 2022 if NAV on 31 Dec 2021 is 150p or more. The declared dividend policy is to pay 6% of NAV as at closing year end, the figure is usually established and declared in early January. The progress in NAV and direction of travel indicates a NAV of 150p will be met in coming weeks, but it may not hold as you say. What is the outlook for European small- and mid-caps, good momentum for now, things can swing around but I am hopeful we will continue to see growth in the year ahead. EAT has had a turbulent few years but recent progress has been linearly positive. Not sure where the NAV growth is coming from or what the opportunities are, quite a diverse portfolio, happy to leave it to the managers. Since it is such a good performer I sense the manager is disappointed that there is still an 8-10% discount to NAV on the share price, but since I am here for long term income that is not really an issue. If it does return to a modest premium it would allow the manager to expand the fund. Already overweight here otherwise I would be adding with confidence.
marktime1231: 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: 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.
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.
rcturner2: The dividend is 8p for 2021 making a yield of 6.37% at the current share price.
north sea boy: Quite an impressive performance from EAT this year; well done folks. NSB
European Assets share price data is direct from the London Stock Exchange
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