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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abrdn Latin American Income Fund Limited | ALAI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 60.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 60.25 | 60.25 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 15/12/2022 15:15 by nick rubens I keep looking at this fund as a possible long term investment in case I get my short term trading buys and sells wrong, which is often, hence I tend to be a longer term than intended investor.On the face of it it looks great value but it just seemingly withers away over the years. Yes there is a big yield but overall it doesn't seem to be behaving like a good dynamically managed emerging markets fund, unless they have all struggled for the last several years. The management cost doesn't help, though it's not excessive I suppose, but where is the performance(I believe it's voluntarily capped at 2% of the fund value)? I understand as Aleman does that that Brazil are ahead on the rate cycle, hence expected rate cuts should be coming,presumably lifting the equity markets and potentially the bond values also? It's an interesting fund and certainly won't keep us awake at night as do many of the smaller company shares here on the stock exchange I'm looking to buy I suppose, just not certain when, perhaps as the NAV rises and if the share price lags it at first? |
Posted at 14/12/2022 11:25 by nick rubens NAV falls a bit further today, Brazil Real currency weakens further. I expect the share price is determined solely by demand on the market and/or selling (perhaps NAV influencing investors one way or another). Still, not much daily or regular volume in this fund. I wonder if there are any monthly savings plans invested here which would automatically bring in monthly buys or perhaps there has been some redemptions as with most funds recently due to the cost of living rises. |
Posted at 25/7/2017 10:30 by aleman 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 |
Posted at 16/12/2015 10:39 by mister md Rebasing the Level of Future DividendsThe Company has maintained the current level of dividend payments at 4.25p per Ordinary share since its launch in July 2010. At a time when the yield on cash and gilts is so low, the Directors believe that the attraction of income and income growth is still very important to Ordinary Shareholders and the market generally. Having regard to the challenging economic environment in the Latin American region, and indeed globally, and following discussions with the Investment Manager, the Board concluded that maintaining dividends at the current level was unlikely in the short to medium term and the weak currency environment exacerbates this. Furthermore, the Board felt that seeking to maintain a high level of dividends was inhibiting the Investment Manager from conviction investing which is detrimental to achieving future capital growth and, accordingly, to the total return to Shareholders. The Directors believe that rebasing future Ordinary dividend payments to a level that: - is sustainable and offers the prospect of longer term growth; - remains attractive within the emerging markets closed-end funds sector; - increases the Company's investment flexibility to achieve capital growth through increasing the weighting to equities when deemed appropriate; and - as a result, offers Shareholders the prospect of an enhanced total return; should be attractive to Shareholders as a whole and will enhance the Company's appeal to investors generally. The Board decided, therefore, to rebase the annual dividend to 3.5p per Ordinary share for the financial year commencing 1 September 2015. Accordingly, in the absence of unforeseen circumstances, it is the Board's intention to declare first and second interim dividends in respect of the financial year ending 31 August 2016 each of 0.875p per Ordinary share. |
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