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It went up to 61.25 and disappeared. Had sold so do not know what happened
One you can despair of sometimes but it’s been around a long time and pays good yield from interesting portfolio
Falling as fast it rose just a few weeks ago.
NAV rocketing the last couple or so weeks. Is it the share values of the portfolio rising or the bonds rallying? Seems to be greater demand for the company shares also recently, that I've not seen for a while. Long may it continue, it's been in the doldrums for a long time.
Maybe a change of Govt in Brazil to a left wing President ousting the right wing incumbent might be significant soon and maybe negative
This share being manipulated buys shown as sells
Is this being wound up soon? Seems to go nowhere!
##. ITS A BUY ##
BRASILIA, Sept 10 (Reuters) - Brazil’s government on Tuesday slightly raised its 2019 economic growth forecast and said the worst for the economy is probably behind it, but showed no sign it is willing to ease up on its commitment to austerity and strict fiscal discipline.
Speaking to reporters in Brasilia after the growth outlook for this year was raised to 0.85% from 0.81%, Economy Ministry Secretary Adolfo Sachsida insisted that the government’s three main fiscal rules will stay in place.
It is also too early to say whether the economy’s recovery, which he believes is now underway, will allow the government to reduce the 34 billion reais ($8.25 billion) budget freezes it has announced so far this year, Sachsida added.
Over last 2months Brazilian large caps are outperforming the US counterparts and rest of the world who have been in downtrend. I bought 8000 of these end October.
On Bloomberg today, Brazil, Argentina & Uruguay were mentioned. Analysts said that Latin America’s largest economy needs to export more value added goods to remain competitive. I’m a buyer of these tomorrow. I currently hold BRWM, HFEL, SOI, STS, MUT, MYI and MRCH
Are you buying any more at these all time low numbers??
Current NAV has dropped from 80p to 71p. Dated July in 1month..
http://tools.morningstar.co.uk/uk/cefreport/default.aspx?tab=8&SecurityToken=F00000JOAL%5D2%5D0%5DFCGBR%24%24ALL&Id=F00000JOAL&ClientFund=0&CurrencyId=GBP This trust will underperform for a LONG time..
Latin American holdings flourishing over the last month and politically, all relatively stable....wonder if this will start to nicely impact the share price? We shall see...GL all
Yup noticed that a lot of buy backs happening... very interesting as it's a good sign and will push share price towards nav at some point..
Patxd, don't worry.. I'm used to people ignoring me :-)...j/k I'm still in this collecting divs.. still think it's good fund..
Sorry did not reply to your post earlier in year ! Good Luck!
Never be too greedy unless a quick trade and you know what you are doing! Not putting all eggs in one basket certainly. But a small holding in these not that risky amongst other different holdings -look at low PE. There are far more risky ones with PE's of 40 or more '
Also to mention regular weekly buy backs of this stock.
As long term holder am teetering on a Buy rating but retaining long term hold now. Outlook has improved somewhat in this region and the stock potentially has much leeway to potentially recover. Good quarterly payout.
Patxd, bought these some time ago, not only is Latin America coming off its lows, this also plays a nice currency hedge.. They own shares in SA which pay out a set yeild, once converted to £ it works out a lot better, NAV is about 79, but trading low 70's.... ADN, the parent company has been buying into it own fund for 6 months which is a great sign. I expect if ALAI remains high in price and Latin America continues to do well, the div might increase Q2-q3, this fund isn't interested in div coverage, as it's a income fund... Expect a slow in price, before it continues higher... I'm in for long term div exposure..
Santander report good results in Brazil offsetting their weak performance in UK. Brazil is the main contingent in this portfolio- but it does not include Santander.
This is well below net asset value. With new US growth Latin America can grow too.
Still a few pence below NAV and with a 6 per cent yield . Frankly at a comfortable price with plenty of upside depending upon recovery in the Latin American components. It's nice to see this yield without a dizzy price to buy them for.
Probably some profit taking on the recovery from recent lows. Patience a virtue here. Sure many long abandoned this but if this stock hangs in - there long term rewards will be good and well deserved for the holders.Naturally all equity investments are risks and for my part this a small investment amongst others .