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Share Name Share Symbol Market Type Share ISIN Share Description
European Assets Trust NV LSE:EAT London Ordinary Share NL0012838817 ORD EUR0.10 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.26% 97.25p 96.50p 98.00p 97.50p 97.25p 97.50p 55,707 08:31:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 68.3 202.6 0.5 32.80

European Assets Trust Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
Migration to the United Kingdom - HTTPS:// European Assets Trust N.V. ("the Company") is pleased to announce that it expects to bring forward proposals to its shareholders to migrate the legal seat and structure of the Company from the Netherlands to the United Kingdom. There will be no change to the investment policy or dividend policy as a result of this migration and the investment team will also remain the same. The Company has established a subsidiary European Assets Trust PLC to act as its successor vehicle. The Company believes that the benefits associated with the proposed migration include: · a simplified corporate structure. European Assets Trust PLC will be a United Kingdom resident investment trust, an investment vehicle that is widely accepted and understood in the UK intermediated and direct (retail) marketplace; · a single jurisdiction for current and future regulation - the United Kingdom; · a reduction in the ongoing charges rate; and · a premium listing on the London Stock Exchange and eligibility for inclusion in the FTSE UK Index Series. European Assets Trust PLC will not be listed in the Netherlands. Subject to receipt of certain regulatory approvals and other consents which are currently being sought, the migration will be proposed to shareholders of the Company. It is anticipated that the Company will provide a further update during the week commencing 26 November 2018.
That looks a bit breaky outy
A fairly honest assessment in today's Interim Management Statement: "While our portfolio delivered a good absolute return, it was disappointing to give back some further relative performance following a difficult first half of the year. Indeed this continues to be a very challenging period for the portfolio. We are however pleased that our shareholders are still seeing a positive total return this year, though in truth, we have the depreciation of Sterling to thank for most of that. "
@lizafl - fair point. "4th of 4 better than 40th of 40" about the best response I can think of.
Yes, SpectoAcc, you're quite right. I'd forgotten about the effect of the widening discount. In fact checking on Trustnet, I see that NAV performance is in a rising trend. However, EAT's 1 year and 3 year performance figures put it 4th out of 4 trusts in its sector. Perhaps that explains the rising discount?
Seems to be on an unusually large (c.9.5%) discount lately, anyone know why? Not sure it's fair to say the performance has been poor when the discount's gone wider & the divi comes off the NAV, though agree it'd look a lot less healthy without £ tank.
All valid points. If it fell another 5% or so I'd have a few more.
Performance isn't great though - it's been on a downward trend since April 2015. I hate to think where the share price would be without the benefit it's had from the 20% depreciation of the £.
At this price and exchange rate the yield is 8.5% assuming the last divi payment is maintained...
Brexit blues !
Good value Great divi.
Happy to continue holding here and will look to top up on weakness. Looking forward to the London presentation in early May.
The investment objective of the Company is to achieve growth of capital through investment in quoted small and medium-sized companies in Europe, excluding the United Kingdom. A high distribution policy has been adopted and dividends have been paid mainly out of other reserves. The Board announced and paid dividends totalling EUR 0.7581 (net) per share for the year to 31 December 2015 payable in three instalments in January, May and August. Review of the period to 30 September 2015 This was a more difficult quarter for European Assets Trust with our total return underperforming a weak market. Following on the strong first half, the markets faltered over the summer months as principally weakness in emerging market economies caused investors to question whether Europe could thrive in an environment of a slowdown in growth of global output and trade. The recent Volkswagen scandal also weighed heavily on the European equity markets. Over the quarter our NAV returned -2.8% in Sterling terms, which was behind the index which delivered -0.7%. Nevertheless, our performance year to date of +9.5% is still comfortably ahead of the benchmark's return of +7.5%. Recent economic activity in Europe has not, however, in contrast to global activity, disappointed with domestic demand and consumer confidence continuing to recover. This remains a good backdrop to invest in more domestically focused smaller companies. We are not however economic forecasters and believe that our strengths lie in stock selection. On this front, the recent market falls have provided more opportunities to both add to existing holdings as we have continued to issue shares, but also provide a strong pipeline of new investment opportunities. As is our process, we will continue to focus on company fundamentals and our team will work hard to identify the investment opportunities that will deliver strong returns for our shareholders over the long term. Over the three month period ended 30 September 2015 the Company issued 3,220,000 new Ordinary Shares for a total consideration of £34.7 million representing 12.0% of the Ordinary Shares in issue at 30 June 2015. During the period the Company also issued 7,987 Ordinary Shares from treasury via scrip dividend. To facilitate this issuance the Company published a prospectus in July 2015. This prospectus allows the Company to issue up to 9 million new Ordinary shares at an issue price of at least net asset value and a premium to cover the commissions of issuance. 5 million shares were made available for issue under a blocklisting facility. Of this current blocklisting facility as at 30 September 2015 2.4 million remain available for issuance.
European Assets Trust NV is a UK based closed-end investment company, which aims to achieve capital growth via investments in quoted small and medium-sized continental European companies. Its portfolio includes sectors, such as telecommunications, healthcare, technology, consumer services, industrials, basic materials, financials and consumer goods. The Company seeks investments in small and medium-sized companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index. EAT will not invest more than 20% of its total assets in any one company. The Company does not restrict its investments to any specific industrial sectors. F&C Investment Business Limited (F&C) is the investment manager of the Company. Geographical Analysis: 30 Sept 2015 Country: % of net assets Ireland: 21.8 Germany: 18.2 Italy: 11.8 Switzerland: 8.8 Spain: 8.8 Denmark: 7.9 Norway: 5.7 Sweden: 4.7 Portugal: 4.0 Finland: 3.2 France: 3.0 Netherlands: 2.1 Total: 100.0
QE bigger than expected. Won't this be good for European Stocks medium term. Takes a bit of time to filter through. Dow Jones did well on the back of all this "thin air" money.
Nice divi increase for the coming year. +8.5% in Euros should repair any damage caused by exchange rate changes. I just wish we could have four equal quarterly payments. The current arrangement is odd to say the least.
lord gnome
Nice to be able to get back in at a decent discount...good yield too...
This stock is still a strong buy in my hbo
Excellent dividend, this Company just keeps on delivering, should be a long-term hold in everyone's portfolio.
£10 on its way.
Goes Ex dividend tomorrow, so buy today if you want the end of August income payment.
Still performing
Thanks, tiger, will check it out.
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