EOT.L

European Opportunities Trust Plc
European Opps. Trust - Update from QuotedData
29th October 2024, 12:26
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 0850K
European Opportunities Trust PLC
29 October 2024
 

A person sitting on a rock looking at a mountain Description automatically generatedA picture containing text, sign, clipart Description automatically generated









European Opportunities Trust - Update from QuotedData

29th October 2024

Geared to growth

European Opportunities Trust (EOT), the most growth-focused of its peers, has posted decent absolute (positive) returns during the last couple of years but has been held back by its strong growth focus in an environment where inflation has been more stubborn than anticipated. The associated higher interest rates tend to impact growth stocks more heavily as they tend to have a larger proportion of their value discounted from some point in the future.

There are signs that this is now changing and, if the outlook for the economy deteriorates, EOT's focus on more resilient business-to-business (B2B) companies should be an additional benefit, particularly if previously robust consumer spending continues to show signs of faltering.

In the meantime, the manager has been taking advantage of negative sentiment towards Europe and periods of heightened uncertainty to add to the portfolio at attractive valuations. The board has been very active in buying back shares, enhancing the net asset value of the trust (NAV), but EOT's low double-digit discount also offers an opportunity.

Full Research:

https://quoteddata.com/research/european-opportunities-trust-geared-to-growth-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on European Opportunities Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

QUOTEDDATA
50 Gresham Street | London EC2V 7AY
Tel: +44 (0) 20 3691 9430

www.quoteddata.com | research@quoteddata.com | www.martenandco.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAQKCBBBBDDAKB]]>
TwitterFacebookLinkedIn