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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 11/7/2023 15:46 by aleman Brasil CPI of 3.19% has dipped below its 3.25% target for 2023 (3.0% for 2024 and 2025). Brasil is now expected to start cutting interest rates significantly. It's 2-year bond has already fallen from 13% to just under 10% and a similar fall has happned for 10-years.ALAI should be doing really well - oh, wait ... They decided to wind themselves up just when the patient were starting to benefit from Brasilian/Latin American recovery. Wonderful timing. |
Posted at 14/12/2022 16:06 by aleman Dividend cut? Revenue earnings last year were 4.84p and revenue reserve around 4p. They're just backing down a bit from statements suggesting it might be cut. A rise actually looks more likely. Revenue earnings would have to fall nearly 28% for the dividend to be uncovered, though exchange rates can add to earnings variations. Although GBP/BRL is up 10% in the last couple of months, it's only around the average of the last year so not much swing there as yet. It always wants watching, though.Brasilian inflation has been coming down nicely, setting up for rate cuts. |
Posted at 14/12/2022 15:28 by my retirement fund Needs to fall to 45p imo, could fall to 30p if dividend cut next time, this time they warn again but maintain it. |
Posted at 11/11/2022 08:06 by aleman Wow. Revenue earnings of 4.84p. Not only is the dividend covered. It should be increased this year. I'm guessing 1p each quarter. |
Posted at 07/11/2022 14:23 by aleman 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.free stock charts from uk.advfn.com |
Posted at 16/9/2022 13:54 by cwa1 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. |
Posted at 07/9/2022 12:13 by my retirement fund 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. |
Posted at 01/9/2022 11:12 by my retirement fund Nothing new there but seems to add some confidence to the current dividend |
Posted at 31/8/2022 16:38 by cwa1 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. |
Posted at 23/6/2022 15:54 by aleman 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. |
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