Abrdn Latin American Inc... Share Discussion Threads

[aleman] 07/11/2022 14:23

The Real is at a 1-year high so I think the dividend should be covered now, after worriesmonths ago that it might be trimmed again.


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[aleman] 07/11/2022 14:17

I've followed these many years and I don't recall the discount getting this big before. Perhaps that's with it being around 1/3rd fixed interest which have been volatile of late - but I'd guess that it would revert back to the mean in time. There would be around a 15% gain on the shares if the discount just dropped to back to 10%, or 64p - and that would still be high by recent standards.

[aleman] 07/11/2022 14:07

NAV 70.93p. Discount over 20% on mid-price.

[my retirement fund] 11/10/2022 16:28

67.56p now

[my retirement fund] 04/10/2022 22:18

67.12p now still no change in discount

[aleman] 22/9/2022 12:35

NAV up again to 66.71p so discount is pretty hefty at over 19%.

[my retirement fund] 16/9/2022 21:19

Little surprised by the need to warn again

[aleman] 16/9/2022 15:34

Post 148 still seems to apply.

[cwa1] 16/9/2022 13:54

Is this a "card marking" exercise to soften up holders to the prospect of a potential dividend cut?

Fourth Interim Dividend

The Board is pleased to declare a fourth interim dividend of 0.875 pence per Ordinary share (2021: 0.875p) in respect of the year ending 31 August 2022 payable on 28 October 2022 to Ordinary shareholders on the register at close of business on 7 October 2021 (ex-dividend date 6 October 2022).

The current level of dividend has been maintained, supplemented by revenue reserves, despite the impact of the Covid-19 pandemic and the difficult global economic backdrop. The Board has previously stated that the payment of a sustainable and covered dividend may necessitate a lower dividend payment in future years. Together with the Manager, the Board continues to analyse the impact on revenues and places great emphasis on exercising prudence, particularly in these uncertain times, to ensure that the robustness of the Company's balance sheet is maintained, and continues to keep its distribution policy under review.

[my retirement fund] 07/9/2022 12:13

Looking at the NAV, nearly three QTR's of a years worth of dividends in the bag already (2.24p). Will be a case for a dividend increase of a special dividend at this rate.

[my retirement fund] 01/9/2022 11:12

Nothing new there but seems to add some confidence to the current dividend

[cwa1] 31/8/2022 16:38

Edison update:-



Discount towards higher end of 12-month range

ALAI’s 18.3% discount is towards the wider end of the 4.2% to 19.9% range over the last 12 months and is above the 10.7% to 13.1% range of average discounts over the last one, three, five and 10 years. An improvement in the fund’s relative performance could see it being afforded a higher valuation. ALAI is on course for the seventh consecutive year of a 3.50p per share annual dividend and currently offers an attractive 6.7% yield.

[my retirement fund] 31/8/2022 14:46

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[cwa1] 16/8/2022 16:28

Afternoon

Joined the crew here and have taken some at 52p. Based on not much more than the discount to NAV and bountiful yield, which I hope remaims payable. I'm also hoping that the NAV will increase a bit by the next report. The share price has been flatlining compared to the irrational exuberance of the wider market generally, so possibly some element of catch up could be overdue? Yes, I have the rose tinteds firmly in place now :-)

A tiny exposure to Latin America may, or may indeed not, give a little spark of interest to the portfolio. Here's hoping

[my retirement fund] 16/8/2022 11:43

To me the 7% income looks more solid than ever now and they already have in excess of 6 months dividends accrued in the NAV alone! I have a decent weighting here.

[brwo349] 16/8/2022 11:26

NAV is 63.11p
Discount 17.5%

[brwo349] 16/8/2022 11:25

I bought at under 52p as well. I think there is an opportunity here with the NAV discount suddenly shooting upwards. I've also compared it to brla which is up 15% ytd compared with only 4% for alai.

[aleman] 11/8/2022 14:07

I topped up at 51.9p. NAV has risen again to 61.46p. That's a pretty good discount to buy at with Brasilian interest rates falling and shares rising. Brasilian annual inflation peaked in April. Good yield, too.

[my retirement fund] 10/8/2022 15:13

Looking unloved good discount, improving and good yield so took a few

[aleman] 23/6/2022 17:16

I just C&Ped it really quickly. I didn't even notice. (3 kids and dogsitting atm - I get distracted a lot!) That's a howler. Glad to see you were paying attention. How long before they correct?

[gerry53] 23/6/2022 17:04

Pity they can't even get the correct dividend information out.

[aleman] 23/6/2022 15:54

They are still issuing the warning with the dividend but the improved trend at the interims suggested that the dividend might be close to covered this year.

23 June 2022

Third Interim Dividend

The Board is pleased to declare a second interim dividend of 0.875 pence per Ordinary share (2021: 0.875p) in respect of the year ending 31 August 2022 payable on 26 May 2022 to Ordinary shareholders on the register at close of business on 6 May 2022 (ex-dividend date 5 May 2022).

The current level of dividend has been maintained, supplemented by revenue reserves, despite the impact of the Covid-19 pandemic and the difficult global economic backdrop. The Board has previously stated that the payment of a sustainable and covered dividend may necessitate a lower dividend payment in future years. Together with the Manager, the Board continues to analyse the impact on revenues and places great emphasis on exercising prudence, particularly in these uncertain times, to ensure that the robustness of the Company's balance sheet is maintained, and continues to keep its distribution policy under review.

[my retirement fund] 25/5/2022 10:16

I have just bought back in, looks compelling income and value.