European Assets Trust (EAT)

Business description

EAT is an investment company incorporated in the Netherlands and listed on the LSE and Euronext. It targets capital growth through investment in quoted small- and medium-sized companies in Europe (ex-UK), taking the HSBC Europe (ex-UK) Smaller Companies Index as benchmark. A high distribution policy has been adopted; dividends have been paid from a combination of income and capital.

Stock data

Market cap.£439.1m
Last close1,227.50p
High / Low (52 weeks)1350.0p / 1201.0p
Stock market listingLN, EU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Three European investment trust tips

Mon, 20 Nov 2017 12:56:15 GMT

BRIEF-European Assets Trust Says Total Dividends For 2018 Will Be Euro 0.88 ...

Fri, 05 Jan 2018 07:30:00 GMT

Our 2016 investment trust tips reviewed

Tue, 10 Jan 2017 10:52:30 GMT

The investment trusts I've been buying and selling

Fri, 27 Jan 2017 15:11:15 GMT

European Assets Trust declares dividend

Fri, 05 Jan 2018 09:22:30 GMT

Investment summary

European Assets Trust (EAT) aims to generate long-term capital growth through investing in listed European small and mid-sized companies. It has a distribution policy to pay 6% of its prior year-end euro-denominated NAV, which supports an attractive yield, currently 5.4%, significantly higher compared with peers. This has helped support a share price premium to EAT’s cum income NAV. The EMIX Smaller Europe ex-UK index had another strong year in 2017, and equity valuations are now more challenging. Notwithstanding, the manager Sam Cosh observes that earnings recoveries are far from mature for many sectors and believes that EAT is well positioned to benefit as Europe’s recovery broadens out.

Last updated on 07/02/2018

Key management

Sam Cosh, Fund manager

Company address

Exchange House
Primrose Street
London
EC2A 2NY
United Kingdom
0207 628 8000
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