Abrdn Latin American Inc... Share Discussion Threads

[aleman] 07/12/2017 12:56

Rather disappointing. They've carried on at the same rate for now.



Aberdeen Latin American Income Fund Limited

Legal Entity Identifier (LEI): 549300DN623WEGE2MY04





First Interim Dividend

7 December 2017

In accordance with the Company's stated aim to pay a minimum dividend of 3.5p pence per share for the year, the Board of Aberdeen Latin American Income Fund Limited (the "Company") has today declared a first interim dividend of 0.875p per Ordinary share (2017: 0.875p) in respect of the year ended 31 August 2018 payable on 30 January 2018 to Ordinary shareholders on the register at close of business on 15 December 2017 (ex-dividend date 14 December 2017).

Dividends will continue to be paid quarterly, all in the form of interim dividends.

It remains the Company's aim to grow dividends over time. This remains subject to investee company performance, the level of income from investments, currency movements and unforeseen circumstances.

[my retirement fund] 19/10/2017 08:37

Seems unloved and undervalued tight now.

[aleman] 19/10/2017 07:53

Results are out. Revenue earnings 4.77p per share and a big increase in revenue reserve to about 3.2p per share, i.e. nearly a year's current dividend payments, from around 2.0p previously. This fund is underpaying its income. They weren't to know at the time, but the £'s fall after the Brexit vote offset the revenue weakness from the Brasilian recession that brought the dividend cut. Expect higher dividends in the near future. If they pay less than 4p this year, the revenue reserve will likely rise above a year's payments, which starts to look odd and would raise questions about the fund's aims. I'd guess they'll kick off at 0.95p and possibly have a higher final to get to 4p or a little more.

[4spiel] 27/7/2017 14:50

Plenty of money apparently for buy backs and stock not expensive to hold. Considering it has been much higher 120 I think long ago suggest that it took the pain long ago recovery maybe protracted but meanwhile it's good quarterly payout there is good free cash flow it's a non sterling investment.Better bought before yes I am long term holder.

[mister md] 25/7/2017 15:45

.. shareprices of retailers collapsing, gold edging higher... a few more signs of (anticipated) slowdown perhaps

[aleman] 25/7/2017 10:30

The discount to NAV has widened significantly over the last 6 months but it narrowed significantly in the 6 months before that.



I'd say the current discount is a bit higher than the 5-10% I would expect but it has been here before and won't necessarily shrink back anytime soon. I'm thinking we are seeing an economic slowdown, where widening discounts are common. As an old hand, I sometimes think widening investment trust discounts are actually a useful lead indicator of economic slowdown. It often indicates private investor sentiment in a way that gets lost in the huge volume of automated trades and big money flows led by traders and professional managers in the main market shares

[mister md] 25/7/2017 08:44

is the gap to NAV widening ? 85p NAV now ...

[aleman] 21/6/2017 13:59

Third Interim Dividend

21 June 2017

In accordance with the Company's stated aim to pay a minimum dividend of 3.5p per share for the year, the Board has today declared a third interim dividend of 0.875p per Ordinary share (2016: 0.875p) in respect of the year to 31 August 2017 payable on 28 July 2017 to Ordinary shareholders on the register at close of business on 7 July 2017 (ex dividend date 6 July 2017).

Dividends will continue to be paid quarterly, all in the form of interim dividends.

It remains the Company's aim to grow dividends over time. This remains subject to investee company performance, the level of income from investments, currency movements and unforeseen circumstances.

[aleman] 26/5/2017 10:35

NAV 81.76p. Company bought back at 70.18p. Seems a pretty good deal as it's a while since we saw such a large discount.

[aleman] 08/12/2016 14:24

No benefit from weak £ ? £ is 4.3 BRL compared to 5.0 at Brexit.
8 December 2016

Aberdeen Latin American Income Fund Limited

In accordance with the Company's stated aim to pay a minimum dividend of 3.5 pence per share for the year, the Board of Aberdeen Latin American Income Fund Limited (the "Company") has today declared a first interim dividend of 0.875p per Ordinary share (2015 - 0.875p) in respect of the year to 31 August 2017 payable on 30 January 2017 to Ordinary shareholders on the register at close of business on 16 December 2016.

Dividends will continue to be paid quarterly, all in the form of interim dividends.

It remains the Company's aim to grow dividends over time. This remains subject to investee company performance, the level of income from investments, currency movements and unforeseen circumstances.

Aberdeen Private Wealth Management Limited

Manager and Company Secretary

End

[aleman] 08/12/2016 14:17

8 December 2016

Aberdeen Latin American Income Fund Limited

In accordance with the Company's stated aim to pay a minimum dividend of 3.5 pence per share for the year, the Board of Aberdeen Latin American Income Fund Limited (the "Company") has today declared a first interim dividend of 0.875p per Ordinary share (2015 - 0.875p) in respect of the year to 31 August 2017 payable on 30 January 2017 to Ordinary shareholders on the register at close of business on 16 December 2016.

Dividends will continue to be paid quarterly, all in the form of interim dividends.

It remains the Company's aim to grow dividends over time. This remains subject to investee company performance, the level of income from investments, currency movements and unforeseen circumstances.

Aberdeen Private Wealth Management Limited

Manager and Company Secretary

End

[dr biotech] 11/11/2016 12:38

NAV fell a hefty 5p over the last day. Not really sure what to expect of a Trump presidency - his stated policies of heavy spending on infrastructure and other areas, combined with large tax cuts aren't all going to be possible. He has promised everything, lets see what he can deliver.

[aleman] 09/11/2016 13:51

Heavy Trump fall this morning but not recovered like everything else. Discount now a hefty 18%.

[dr biotech] 24/10/2016 15:23

Nice effort keeping this thread going aleman. My holding here is only a few k not really enough for me to take a deeper interest but I do read your posts. Can't see the £/$ changing ingratiate anytime soon so is a medium term hold for me

[aleman] 24/10/2016 15:07

Accumulated income has dropped over 1p to 0.64p. What is going on there? It rose slightly a year ago to 0.07p. This large drop renders most of my previous ssuggestions of a higher dividend inappropriate. I've never seen any trust's accumulated income fall so much before. I've sometimes seen smaller falls which have probably been application of monthly or quarterly charges against the income account. Anybody any idea what it might be? (The ex-dividend reduction was earlier in the month.)

On a better note, NAV was up again to 85.92p.

[aleman] 20/10/2016 13:23

NAV up again - 85.06p.

[aleman] 19/10/2016 07:55

Results out. Revenue reserve pretty much doubled to 2.0p so there is likely to be a dividend increase for 2016/17. (I'd guess from daily updates the revenue reserve now equates to 2.5p+.) Although revenue reserve has been accruing quickly, some expenses will rise this year after a reduction last time. Reserves might start to accrue a bit more slowly when the higher level of expenses kicks in. Prospects for a dividend increase still look good.

Gearing reduced through the year as asset values rose. Gross assets of £56m had £7.5m of debt against them for NAV of £48.5m. Debt has fallen another £1m since year end.

[aleman] 18/10/2016 14:26

Acc. income 1.79p versus 0.04p a year ago so 1.75p higher now from 0.93p higher at the start of June.

[aleman] 14/10/2016 07:59

83.69p so discount getting bigger.

[aleman] 11/10/2016 12:19

Yesterday's NAV 82.48p. £ down again sharply today at $1.225.

[aleman] 10/10/2016 16:07

NAV up to 81.00p. £ just keeps falling.

[davebowler] 07/10/2016 14:30

6 Oct NAV Aberdeen Latin American Income Fund Limited Undiluted Including Income 79.28p Ordinary

[aleman] 07/10/2016 13:25

Accumulated income = 1.63p (xd) on 6/10/16 which compares with 0.00p (xd on 9/10/15. So accumulated income now 1.63p higher than a year ago. 3 months ago it was 0.93p higher, which suggests underpaying by 0.7p per quarter - or 2.8p per year! I know timing can make a difference but, superficially, this seems to be getting a bit silly. Are they are going to have to increase the dividend again - and by quite a bit?