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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.0% | 60.25 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 60.25 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 10/7/2023 | 16:40 | UKREG | abrdn Latin American Income Fund Initial Liquidation Distribution |
| 14/6/2023 | 07:00 | UKREG | London Stock Exchange Notice Cancellation - abrdn Latin American Income Fd.. |
| 13/6/2023 | 17:00 | UKREG | FTSE Russell Abrdn Latin American Income Fund |
| 12/6/2023 | 12:30 | ALNC |  IN BRIEF: abrdn Latin American Income Fund shares suspended |
| 12/6/2023 | 12:05 | UKREG | abrdn Latin American Income Fund Ld Result of EGM |
| 12/6/2023 | 06:30 | UKREG | Official List Suspension-abrdn Latin American Income Fund |
| 09/6/2023 | 13:34 | ALNC | TRADING UPDATES: Medica shareholders back takeover; Arecor optimistic |
| 09/6/2023 | 11:35 | UKREG | abrdn Latin American Income Fund Ld Net Asset Value(s) |
| 09/6/2023 | 09:33 | UKREG | abrdn Latin American Income Fund Ld Repayment and Cancellation of Loan.. |
| 08/6/2023 | 11:45 | UKREG | abrdn Latin American Income Fund Ld Net Asset Value(s) |
Abrdn Latin American Inc... (ALAI) Share Charts1 Year Abrdn Latin American Inc... Chart |
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1 Month Abrdn Latin American Inc... Chart |
Intraday Abrdn Latin American Inc... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/7/2023 | 21:32 | Aberdeen Latin American Income | 195 |
| 31/8/2012 | 14:04 | to have one | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 11/7/2023 14:46 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 16/6/2023 11:32 by mancman1 The listing has now been cancelled. According to the latest NAV announcement the value is 62-63 per share. Winding up costs have been included in the calculation since the original announcement. The company has no gearing. How much it held in cash and how much in equities at the time of the last announcement (9th June) is an unknown, but I imagine that they have been reducing holdings for some time.No indication has been given as far as I am aware of the date of the distribution. |
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. |
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 |
Posted at 07/11/2022 14:07 by aleman NAV 70.93p. Discount over 20% on mid-price. |
Posted at 16/9/2022 12:54 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 31/8/2022 15:38 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 16/8/2022 10:25 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. |
Posted at 23/6/2022 14:54 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. |
Posted at 19/6/2019 05:34 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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