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LSE company dividends information has been updated. You can find this is in the menu on any Quote page. ADVFN team.
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  6. Abrdn Latin American Income Fund Limited (ALAI)

  7. Abrdn Latin American Income Fund Limited (ALAI) Share Price

ALAI

Abrdn Latin American Income Fund Limited

60.00
0.00 (0.0%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Latin American Income Fund Limited LSE:ALAI London Ordinary Share JE00B44ZTP62 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
Upgrade Icon
  0.00 0.0% 60.00 280,572 08:00:04
Bid Price Offer Price High Price Low Price Open Price
59.50 60.50 61.50 60.00 61.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unit Inv Tr, Closed-end Mgmt 3.03 2.15 3.80 15.00 34.27
Last Trade Time Trade Type Trade Size Trade Price Currency
16:48:55 O 30,000 59.50 GBX
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Abrdn Latin American Inc... (ALAI) Latest News (2)

Abrdn Latin American Inc... News

Date Time Source Headline
02/6/202315:39UKREGabrdn Latin American Income Fund Ld Quarterly disclosure
02/6/202313:22UKREGabrdn Latin American Income Fund Ld Net Asset Value(s)
31/5/202313:28UKREGabrdn Latin American Income Fund Ld Net Asset Value(s)
30/5/202315:54UKREGabrdn Latin American Income Fund Ld Gearing disclosure
30/5/202315:47UKREGabrdn Latin American Income Fund Ld Holding(s) in Company
30/5/202312:51UKREGabrdn Latin American Income Fund Ld Net Asset Value(s)
26/5/202312:38UKREGabrdn Latin American Income Fund Ld Net Asset Value(s)
25/5/202315:55UKREGabrdn Latin American Income Fund Ld Holding(s) in Company
25/5/202312:34UKREGabrdn Latin American Income Fund Ld Net Asset Value(s)
24/5/202311:59UKREGabrdn Latin American Income Fund Ld Net Asset Value(s)

Abrdn Latin American Inc... (ALAI) Discussions and Chat

Abrdn Latin American Inc... Forums and Chat

Date Time Title Posts
26/5/202311:22Aberdeen Latin American Income188
31/8/201215:04to have one1

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Abrdn Latin American Inc... (ALAI) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Abrdn Latin American Inc... (ALAI) Top Chat Posts

Top Posts
Posted at 15/3/2023 07:42 by cwa1
Disappointing for some I suppose...

15 March 2023

Proposal to Liquidate the Company

The Board of abrdn Latin American Income Fund Limited (the "Company") announces that proposals will be put forward for the Company to be placed into summary winding up (the Jersey solvent liquidation process commenced by members' special resolution), with the cash proceeds of the liquidation being returned to shareholders (the "Proposals").

While the Board believes that the Company's strategy remains attractive in the longer term, it is aware that the Company's small size makes it difficult to attract significant demand for its shares and that the discount at which the shares trade to net asset value is likely to persist.

The Board has considered the views of its largest shareholder and its professional advisors and, taking into account the composition of the share register as a whole, believes that the Proposals are in the best interests of shareholders.

The Company will publish a Circular in due course setting out details of the Proposals and to convene an Extraordinary General Meeting at which approval for the Proposals will be sought from shareholders. It is anticipated that, if shareholder approval is forthcoming, the Company would be placed into summary winding up by the end of May 2023.

The Board will recommend that shareholders vote in favour of the Proposals.
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Posted at 05/1/2023 19:47 by my retirement fund
Lot of volume today and another drop in nav and share price just a normal day for this fund really
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Posted at 07/11/2022 14:07 by aleman
NAV 70.93p. Discount over 20% on mid-price.
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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.
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Posted at 31/8/2022 16:38 by cwa1
Edison update:-

https://www.edisongroup.com/publication/valuation-providing-attractive-opportunities/31278/

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.
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Posted at 16/8/2022 11:25 by brwo349
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.
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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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Posted at 19/6/2019 06:34 by tiltonboy
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.
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Posted at 25/5/2018 15:28 by goldpiguk
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
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Posted at 07/12/2017 12:56 by aleman
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.
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