EUROPEAN OPPORTUNITIES TRUST PLC ORD GBP0.01

Symbol: EOT

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Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 25th Apr 2019 to 25th Apr 2020-3.11%
  • 25th Apr 2020 to 25th Apr 2021-0.04%
  • 25th Apr 2021 to 25th Apr 2022-1.39%
  • 25th Apr 2022 to 25th Apr 202310.21%
  • 25th Apr 2023 to 25th Apr 20248.40%

Key Information

Benchmark MSCI Europe
Sector IT Europe
Gearing 105%
Ex-Dividend Date 2 Nov 2023
Dividend Pay Date 27 Nov 2023
Total Dividends - Year to Date3.5
Dividend Yield (%)0.4079

Net Asset Value (Nav)

Latest actual NAV 952.51
Latest actual NAV date 22/04/2024
NAV frequency Daily
Premium/Discount -9.75%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.41%
Performance Fee No
AMC 0.80%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.41%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

European Opportunities Trust PLC is a United Kingdom-based closed-ended investment company. The Company's objective is to invest in securities of European companies and in sectors or geographical areas which are considered by the investment manager to offer good prospects for capital growth, considering economic trends and business development. Its single holding shall not constitute more than 10% of the Company's total assets (calculated at the time of investment). The Company shall not take legal or management control over any investments in its portfolio. It shall not have more than 50% of the investments in securities which are not qualifying securities or government securities for the purposes of the United Kingdom Individual Savings Account (ISA) regulations. It invests in various sectors, such as healthcare, industrials, information technology, materials, financials, energy, consumer staples and consumer discretionary. Its investment manager is Devon Equity Management Limited.

Financial Summary

BRIEF: For the six months ended 30 November 2023, European Opportunities Trust PLC revenues increased from -£5K to £40.8M. Net income totaled £34.7M vs. loss of £5.6M. Revenues reflect Realized G/L on Investments Securities increase from -£7.1M to £34.9M, (Loss)/return per ordinary share increase from £6K to £38K. Basic Earnings per Share excluding Extraordinary Items increased from -£0.06 to £0.36.

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      -3.05% -1.38% 12.80% 8.40% 17.80% 14.09%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      266,162 bytes PDF Document; last updated 31 Mar 2024
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      110,299 bytes PDF Document; last updated 01 Jan 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      1,757,469 bytes PDF Document; last updated 31 May 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      910,479 bytes PDF Document; last updated 30 Nov 2023
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      634,839 bytes PDF Document; last updated 16 Sep 2015

      Management Team

      Alexander Darwall has managed this fund for 23 years and 5 months.

      Alexander Darwall Alexander Darwall is the Chief Investment Officer of Devon Equity Management Limited, which he founded in 2019. He was formerly head of strategy for European equities at Jupiter Asset Management, where he worked from 1995 to November 2019. He has been the lead portfolio manager to European Opportunities Trust PLC since its launch in November 2000. Before joining Jupiter, Alexander trained as an investment analyst with de Zoete & Bevan (BZW) before moving in 1987 to Enskilda Securities in Paris, where he became head of French equity research. He joined Goldman Sachs in London in 1992, where he worked as a French equity analyst. Alexander has a degree in History from Cambridge University.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/05/2023

      31/05/2022

      31/05/2021

      31/05/2020

      31/05/2019

      31/05/2018

      Total Revenue 36.70 39.16 14.52 12.72 72.84 104.27
      Gross profit 26.19 29.89 6.57 3.13 57.53 83.80
      Operating Profit/Loss 25.15 28.76 5.33 2.02 56.55 82.85
      Profit Before Tax 25.15 28.76 5.33 2.02 56.55 82.85
      Profit After Tax 23.80 27.52 4.42 1.08 55.63 81.49
      Equity Holders of Parent Company 23.80 27.52 4.42 1.08 55.63 81.49
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/05/2023

      31/05/2022

      31/05/2021

      31/05/2020

      31/05/2019

      31/05/2018

      Total Non-Current Assets 936.32 951.75 936.97 913.33 993.25 926.76
      Total Current Assets 10.40 9.51 13.83 29.55 21.91 21.68
      Total Assets 946.71 961.26 950.81 942.88 1,015.16 948.44
      Total Liabilities 83.78 88.64 71.82 19.96 87.67 75.24
      Total Net Assets 862.94 872.62 878.99 922.92 927.48 873.20
      Shareholders Funds 862.94 872.62 878.99 922.92 927.48 873.20
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 862.94 872.62 878.99 922.92 927.48 873.20

      Investment involves risk. You may get back less than invested.