Tr European Growth Investors - TRG

Tr European Growth Investors - TRG

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Stock Name Stock Symbol Market Stock Type
Tr European Growth Trust Plc TRG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-10.00 -0.69% 1,430.00 16:35:07
Open Price Low Price High Price Close Price Previous Close
1,430.00 1,425.00 1,440.00 1,430.00 1,440.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

DateSubject
15/10/2018
16:28
chc15: I may buy more, but the only way this trust will bounce back is if an activist investor buys in, or the fm is changed.
05/10/2018
09:27
chc15: It is, the recent performance has been terrible, if a tracker fund beats it, then the trust is a dog. I really hope an activist investor buys in, clears the board out and changes the fund manager, it needs to happen.
26/11/2013
11:32
davebowler: 4 Nov Winterfloods; We have published an analyst note today on TR European Growth*, which is available through the Analyst Notes section of our new research website www.winterfloodresearch.com and is summarised below. Turnaround in performance under Beckett Ollie Beckett took over responsibility for TR European Growth from Stephen Peak in July 2011. Since then, the fund's performance has stabilised and its portfolio has been extensively repositioned with an emphasis on good quality, mid and small cap companies. Stock selection is on a bottom-up basis with macro factors a secondary consideration. Traditionally this fund has been very growth orientated, and although the manager is a growth investor, the fund has a balanced portfolio of growth and value stocks at present. TR European Growth's long-term performance record has been volatile, although over the last ten years, the fund's NAV is up 257% compared with 235% for its benchmark, the HSBC Smaller European Companies ex UK index. Performance has improved under Ollie Beckett and since he assumed responsibility for the fund in July 2011, the NAV is up 17% compared with 14% for the benchmark. Performance has been stronger in share price terms over the period, up 25% on a total return basis, due to the discount tightening. Winterflood View Ollie Beckett has done a good job for shareholders in TR European Growth. Performance has picked up and the portfolio has been realigned in line with its mandate. It is now a genuine European mid and small cap equity fund. Given this turnaround, we believe that shareholders will be supportive at the fund's continuation vote at its AGM later this month. The manager makes a strong case for investing in European smaller companies at this stage of the cycle and, despite a partial recovery this year, valuations are still reasonable compared with longer-term averages. European smaller companies offer greater potential returns albeit with greater risk than mainstream European companies. Discounts on European large cap investment trusts have tightened considerably this year and a number are trading on premiums. In contrast TR European Growth is trading on a 13% discount. We believe that this presents an opportunity to investors who accept the manager's thesis that Europe is in a recovery phase that will benefit smaller companies.
26/9/2012
09:55
davebowler: Winterfloods; · With TR European Growth on an 18% discount and facing a continuation vote in 16 months time, the manager is clearly focused on improving performance. Consequently we are recommending this fund at present as a recovery play, particularly for contrarian investors comfortable with the risks of investing in European small caps.
02/8/2012
12:19
davebowler: Winterflood; With TR European Growth on an 18% discount and facing a continuation vote in 16 months time, the manager is clearly focused on improving performance. Consequently we are recommending this fund at present as a recovery play, particularly for contrarian investors comfortable with the risks of investing in European small caps.
02/4/2001
13:04
keyboard: Owston, Because there is the possibility of a hard landing in the US, the situation in Europe might deteriorate beyond present forecasts, which is why I suggested drip-feeding into TREG, particularly if one already holds shares in this. I have done this in the past with TREG and other ITs, when markets have been volatile, and never regretted it. The pound-cost average price works in favour of the investor. I agree with you about the warrants. But I thought there is still some life left in them. Don't they expire in 2004?
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