European Assets Trust

takesyourchances

Thrugelmir wrote: »

Where are you obtaining the discount from? HL is only estimated not actual.

I've found them considerably out in the past so no longer rely on their accuracy.

Ah I was looking at HL as that's my broker. Any better places to check this more accurate?

takesyourchances

george4064 wrote: »

I've been a long-term holder myself, I would buy more if I were in different circumstances (currently saving for a house deposit).

http://www.hl.co.uk/shares/shares-search-results/e/european-assets-trust-eur0.10/share-charts

Thanks I've some p2p money back from reducing and building my ITs up and this has been one I've been looking to buy into.

george4064

takesyourchances wrote: »

Ah I was looking at HL as that's my broker. Any better places to check this more accurate?

You can always calculate it yourself.

Take the latest share price and the latest NAV from the 'News' tab on the EAT page.

I calculate it at approximately -6.9% discount at the moment.

bowlhead99

takesyourchances wrote: »

Thrugelmir wrote: »

Where are you obtaining the discount from? HL is only estimated not actual.

I've found them considerably out in the past so no longer rely on their accuracy.

Ah I was looking at HL as that's my broker. Any better places to check this more accurate?

NAV is published daily through a regulatory news service. You can see the RNSs on londonstockexchange.com website or other financial data sites sich as ADVFN.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EAT/13669684.html published today says the NAV at close of business on 5 June was 124.63p per share.

While the share price at that time (i.e. close of business 5 June) was a little over 115p rising to about 116p by the end of 6 June.

takesyourchances

george4064 wrote: »

You can always calculate it yourself.

Take the latest share price and the latest NAV from the 'News' tab on the EAT page.

I calculate it at approximately -6.9% discount at the moment.

Thanks for explaining how to work out the discount. Seems to be a good time to buy in this trust and I was close a few months back but took out a few others and have some funds free again and I'd be buying to hold long term.

takesyourchances

bowlhead99 wrote: »

NAV is published daily through a regulatory news service. You can see the RNSs on londonstockexchange.com website or other financial data sites sich as ADVFN.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EAT/13669684.html published today says the NAV at close of business on 5 June was 124.63p per share.

While the share price at that time (i.e. close of business 5 June) was a little over 115p rising to about 116p by the end of 6 June.

Thanks for that I'll bookmark these sites as I've been looking at HL prior so great to have more accurate details.

Voyager2002

Maybe think again:
http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1524756390498006600.html


Personally I have a large holding in the Europe (ex-UK) small cap sector, but I access it by mean of a pair of ETFs.

bowlhead99

Voyager2002 wrote: »

Maybe think again:
http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1524756390498006600.html

I don't know that getting a quarterly performance result that differs from its benchmark (which, being an active fund, it is deliberately not trying to match) by 0 3% would give you cause to think again. Apart from it being old news, nobody should have an expectation that it will be ahead of a benchmark every quarter

Personally I have a large holding in the Europe (ex-UK) small cap sector, but I access it by mean of a pair of ETFs.

I prefer active investors in the small cap space as I think generally the market across Europe as a whole is not perfect or efficient so there can be opportunities for managers doing bottom-up research on companies or even in selecting the favoured countries or industries at a high level.

Also if you buy the assets via an IT at an (e.g.) 8% discount, but still receive the income (dividends) from the assets after costs at an un-discounted rate, it adds some value to your overall return, even if when you eventually sell you also do it at a discount.

takesyourchances

I have freed up some funds to top up my S&S investments on the recent drops, my EAT holding has dropped a fair bit, has anyone topped up EAT recently?



Looks like a good opportunity to take advantage of the lower price.

le_loup

If you have it in an ISA and you want a 6% yield, why not.