Shares of European Opportunities Trust (LON:EOT – Get Free Report) shot up 1.9% during trading on Thursday . The company traded as high as GBX 897 and last traded at GBX 895. 22,649 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 108,599 shares. The stock had previously closed at GBX 878.
European Opportunities Trust Price Performance
The stock has a market cap of £412.44 million, a P/E ratio of 22.63 and a beta of 1.21. The business’s fifty day moving average price is GBX 852.82 and its 200 day moving average price is GBX 881.56.
European Opportunities Trust (LON:EOT – Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported GBX 1.20 EPS for the quarter. European Opportunities Trust had a net margin of 73.73% and a return on equity of 5.01%.
European Opportunities Trust Company Profile
Objective of the Company
The objective of the Company is to invest in securities of European companies and in sectors or geographical areas which are considered by the Investment Adviser to offer good prospects for capital growth, taking into account economic trends and business development.
Investment Policy
The Company will, at all times, invest and manage its assets, with the objective of spreading risk and in accordance with the following policies:
Investment Restrictions
Notwithstanding the broad powers of investment available to the Company as a closed-ended fund, the Board has adopted the following investment restrictions:
no single holding shall constitute more than 10% of the Company’s total assets (calculated at the time of investment);
the Company will not invest in unlisted securities;
the Company will not invest in derivative instruments, whether for efficient portfolio management, gearing or investment purposes;
the Company will not invest in other listed closed-ended investment funds.
the Company shall not take legal or management control over any investments in its portfolio; and
not more than 50% of the Company’s investments may be in securities which are not qualifying securities or government securities for the purposes of the UK ISA Regulations.
Borrowing limits
The Directors consider that long-term capital growth can be enhanced by the use of gearing through bank borrowings.
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