European Opportunities Trust (LON:EOT) Announces Quarterly Earnings Results

European Opportunities Trust (LON:EOT) issued its earnings results on Wednesday. The company reported GBX 1.20 earnings per share for the quarter, Digital Look Earnings reports. European Opportunities Trust had a return on equity of 12.84% and a net margin of 88.38%.

European Opportunities Trust Price Performance

Shares of LON:EOT traded down GBX 1 during trading on Thursday, hitting GBX 882. 10,458 shares of the company were exchanged, compared to its average volume of 98,357. European Opportunities Trust has a 1-year low of GBX 735.13 and a 1-year high of GBX 965. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 9.14. The company has a market capitalization of £411.53 million, a P/E ratio of -20.01 and a beta of 0.86. The business’s 50 day moving average is GBX 903.24 and its 200-day moving average is GBX 913.30.

About European Opportunities Trust

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.