Abrdn Latin American Inc... Share Discussion Threads

[aleman] 23/5/2022 13:48

The dividend cover should benefit significantly from the strength of the Brasilian Real of late so a dividend cut looks considerably less likely now than it did at the end of last year. The rise of income earnings at the interims from 1.04p to 1.53p seems to back this up.


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[aleman] 21/12/2021 18:02

I think a dividend cut to 2.5p looks likely. From the finals:

The Board has reviewed revenue forecasts and, as previously reported, believes that, if the volatility experienced in the Latin American region continues and currencies remain weak, it is likely that the payment of a sustainable and covered dividend may necessitate a lower dividend payment in future years. We will continue to review this position closely.

[my retirement fund] 21/12/2021 17:51

Current yield 7.4%.

Reading the divi update and declaration and looking at the capital reserves, things look fairly comfortable or am I reading the tea leaves wrong ?

[neilyb675] 24/11/2021 13:18

Aberdeen Latin American Income Fund Excluding 53.04p Ordinary
Limited Undiluted Income
Aberdeen Latin American Income Fund Including 53.58p Ordinary
Limited Undiluted Income

[wllmherk] 06/10/2021 16:25

I noticed that too MRF so decided to buy a few after taking profits in RECI.

wllm :)

[my retirement fund] 06/10/2021 15:42

Discount looking wide

[loganair] 27/11/2020 20:31

Which one?

Aberdeen is 60% Equity / 40% Bonds which puts me off whereas Blackrock is 100% Equity.


Aberdeen 5.35% Yield - Blackrock 5.85% Yield so very similar there.


Aberdeen - Brazil 46%, Mexico 24.6%, Columbia 8.0%, Uruguay 6.3%, Peru 6.2%, Chile 4.7%, Argentina 3.8%.

Blackrock - Brazil 65%, Mexico 21.5%, Chile 5.1%, Argentina 4.8%, Peru 1.7%, Panama 0.9%......Talking about their next country investment being Venezuela.


Aberdeen 49% above 52 week low - Blackrock 46%
Aberdeen 24% below 52 week high - Blackrock 39%

Aberdeen 31% below all time high (July 2019)- Blackrock 46% (Aug 2017)

[boystown] 23/8/2020 21:18

How safe do those of you who undoubtedly know a lot more than me perceive the >7% yield to be here, or is BRLA a safer bet, given the latter's lower mgt fees?

I have a couple of ITs, but no current exposure to Brazil / the Americas.

[tiltonboy] 20/6/2019 12:49

NAV has been strengthening so nothing has really changed.

[my retirement fund] 20/6/2019 12:32

Indeed. Do you think this upward trend is on the premis of the fund being wound up rather than people running from Woodfords funds?

[tiltonboy] 19/6/2019 14:36

MRF,

The discount is still out at 14.2%.

[tiltonboy] 19/6/2019 06:34

The fund is totally irrelevant at £50m and should be wound up. The discount has remained in the 12-15% range for a long time, against a 10% target.

MCP have all but thrown the towel in, and was quite a bit larger. It's time for ALAI (and a few others) to follow suit.

[my retirement fund] 19/6/2019 04:47

Interesting that we are seeing the long standing NAV discount shrink a little. Its still fairly large but certainly going in the right direction.Wonder if it new blood from the Woodford debacle or something else?

[hsduk101] 29/4/2019 13:54

Not a bad half year report on this today. They have pretty much out performed their bench mark.

profit, EPS, Net assets are all up. Small amount of cash held, but looks good so far

[tiltonboy] 10/1/2019 20:05

20k a day buy-backs have stopped for the time being(closed season), but didn't work anyway. The fund is sub-scale, and should really be wound-up.

[my retirement fund] 10/1/2019 19:52

Deserves to be trading closer to 80p

[neilyb675] 20/6/2018 12:23

Nav up

Aberdeen Latin American Income Fund
Limited Undiluted Excluding Income 69.87p Ordinary
Aberdeen Latin American Income Fund
Limited Undiluted Including Income 71.26p Ordinary

[nick rubens] 08/6/2018 15:17

NAV falling daily here as the Pound strengthens against the Brazil Real.

[goldpiguk] 25/5/2018 15:28

Hi,

I'm watching this as well, but I won't be joining the party just yet. With Brazilian currency weak and epected to fall further and other Latin American countries with currency question marks, the outlook in the short term does not look great.

If I do take a position it will only be small. The trust has quite high charges (over 2%) and also invests in fixed interest sovereign debt leaving it exposed to a fall in the value of Latin American currencies. I looked at the portfolio and was slightly put off by this.

Although I have been following the company for several months I really need to do more research. I think ALAI could throw up a wonderful buying opportunity at some point this year.

Goldpig

[my retirement fund] 25/5/2018 14:32

Been watching like a hawk and also with a yield just over 5.5% joined you

[topvest] 25/5/2018 13:18

I've taken a small position.

[tiltonboy] 11/1/2018 19:16

Just stays in a 10-12% range all the Time, with 28th 20k daily buy-back not helping. I've tried to buy some decent size but can't trade, admittedly I go on just above the bid.

MCT also trades on a ridiculous Discount, but at least you can trade that one

[my retirement fund] 11/1/2018 17:26

Still a rather shocking discount to NAV