Blackrock Latin American... Share Discussion Threads

[strollingmolby] 27/8/2012 12:43

IC section this week on Brazil, featuring BRLA:

[svetz] 25/2/2012 01:47

You should have received details of the tender offer in the post by now....price is 98% of the NAV on 30th March. Tender is for up to 5% of the company's shares. Can tender for more than your 5% but will only get more if other holders do not take up their full entitlement. Closing date is 3pm 19th March.
I intend to tender for as many as possible then buy back at a lower price.

[robow] 22/2/2012 12:46

does anyone know anything about the tender offer please

[restassured] 20/2/2012 10:31

Nice steady recovery.

[fundjockey] 06/1/2011 05:09

Riskblue

I am still with BRLA despite its autumn price consolidation. Winter seems to have brought back some growth.


What do you think about GPM Golden Promise Precious Metals-an IT on steroids? Listened to their enthusiastic and knowledgable manager and their performance is suberb. It's now also suitable for an ISA

TREWSA

The AIC site use the last NAV currently 777 for calculating Discount however has never been more than + or - 5% so irrelevant to me. More important to me is the long term capital growth. It could be bought for £1 in 2003 and its now worth nearly £8

The accepted wisdom with IT's is to buy in a bull market to take advantage of the gearing but sell when you think a correction is about to take place. They can't ungear easily as the money is borrowed.


I did use to be a buy and hold investor but not any longer.

FJ

[trewsa] 14/10/2010 14:21

Anyone know which figure to use for calculating discount?

[riskblue] 11/8/2010 07:10

I'm with you FJ. I have slowly moved into several IT's over last two years. partly for the spread of shares, but mostly to get exposure to different global markets at, in my opinion, less risk than direct shares. So far has worked well. The fact that IT's are out of favour is another plus for me.

[fundjockey] 08/8/2010 12:19

Hi guys 6 posts in a year seems light for this IT. Is everyone buying ETR's now instead of IT's?

I have held BRLA since July 2007 when it was sub £5 and see no reason to sell. It's just unexciting however keeps ticking up and hopefully can break through resistance at £6.70

Direct investment in shares seems to many to be more attractive but often market prices, overhangs or permit problems can severely affect single company share prices.

For this reason I recently also bought into Templeton Emerging Markets Investment Trust however my timing has not been all that good and I am still down 5%

Strange however it seems Investment Trusts seem to be a little out of favour compared to say 10 years ago. Buying ETR's seems very impersonal to me however I might be a bit old fashioned!

FJ

[don carter] 02/7/2010 07:50

Just down with the market? Or am I missing something? The surge has definitely stopped and it's having difficulty getting going again.

[tdoghouse] 04/11/2009 20:19

I've bought in today. Have taken a deliberate approach to investing in companies that have either direct or indirect exposure to Brazil, India and Far East - infact anywhere except the UK. Have added it to my holdings in SST and JII. A good long term investment for me - I think it's high probability to be higher in 5 years time compared to the FTSE All Share.

[field3] 13/10/2009 07:36

Looking to invest in BRLA and Invesco Perpetual Latin America (which I have in the past) but just wary of the rise. I guess for long term investing this should not make too much a difference but feel there has to be a correction at some point.

[washbrook] 07/10/2009 12:21

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2 Stocks outperforming the market.
BRLA=Blackrock Latin America I.T
cyn=City Natural Resouces High Yield Trust
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CLICK GRAPH TO ENLARGE

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[coincall] 06/10/2009 12:18

mangal,

Hope this helps to build the possible future picture!

Brazil and the IMF

Published: October 5 2009 14:45 | Last updated: October 5 2009 23:49

What a fortnight for Brazil . Rio 's victory over three developed-world metropolises to host the 2016 Olympics boosted the self-esteem of a country keen for respect on the world stage. It was accompanied by two other events that led to fewer sambas but which were still important: the upgrading of Brazil to investment grade by Moody's, the final holdout among ratings agencies, and Brazil's agreement to provide the International Monetary Fund with a $10bn loan – giving after years of taking. The IMF deal is part of a long-discussed $80bn likely to come from the Brics, rounded out by Russia , India and China . The holders of a collective $2,800bn in reserves are looking for more influence at the institution. With under 10 per cent of voting power – less than a third of what European Union nations collectively wield – they feel under-represented. Reforms approved to expand voting power of developed nations by 5 percentage points do not do enough to dispel the perception that the IMF is a primarily North Atlantic institution.

Critics of larger changes to the status quo might say that swollen reserves in part reflect a fleeting commodity windfall for countries such as Brazil and Russia , which were among the funds' largest supplicants in the past 11 years. Though richer, the Brics still have more primitive financial systems than, say, Belgium . But the banking meltdown of the past two years has demolished such arguments. For the first time, a crisis of developed countries' own making was eased by developing ones. Brics are an obvious source of funds to underpin the global recovery, so why not demand more clout? As western institutions have reminded them through periodic crises over the decades, money talks.

[mangal] 06/10/2009 09:33

How long will the current Olympics-sparked euphoria last? or how far can the share price go?

[strollingmolby] 07/9/2009 10:28

Investment objective
To obtain long term capital appreciation through investment in quoted Latin American securities.



Ten Largest Investments as at 31-Jul-24:

Company
9.7% Petrobras (Equity & ADR)
8.0% Vale (ADS & Equity)
5.7% Grupo Financiero Banorte
5.6% Walmart de Mexico y Centroamerica
5.5% Banco Bradesco (Equity & Pref shares)
4.5% B3
4.2% Grupo Aeroportuario del Pacifico ADS
3.4% Itau Unibanco ADR
3.2% Hapvida Participacoes
3.1% MAG Silver Corp
52.9%

NAV charts incl premium/discount can be seen here: