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Brazilia has had another shrinking in GDP, by 1.7% in 3rd quarter of the quarter of the year compared with 2nd quarter, deepening in the countries worst recession in 25 yrs. Compared with a year ago, the economy is 4.5% smaller. The Brazilian President, Dilma Rousseff, has been trying to cut spending and raise taxes, and this new fall is going to make the latter harder... Her government are also entangled in corruption scandal.
Sorry.
So, just wandering what weighting everyone has BRCI or will have come another drop in s/markets come new year? Most of my IT and funds are around 4.5% now having having bought many more stocks in the last quarter. The only risk can see is with the dividend coming under pressure... Or am I wrong. I own ALAI which is biggest yield alongside LRE which offers a S.D every year both around 7.4%.
In my income p/f I'm a good 50% in a mix of IT's mainly because they're diversified and quarterly yielders most of the time. My most significant ones aside from here are BRCI,MCT(added a few recently),HFEL,NCYF,IPE,MYI and JEMI. Good luck with yours too mate.
Just bought in my Stocks ISA... 12:40:18 48.49p 11,389. £5,523 Even better its non stamp duty & PTM levy!!
Thanks James, and well done with BLRA. I will be buying £4500 ALAI this week when iv time... One question. What weighting do you have these Trust units? Mine are 5%. Though iv one in Murray Income sitting around 10% in value sitting niecly at around 345% having held over 17yrs. Think that's my best trust fund profit margin...You?
I guess Brazil is the big one to watch within this one but generally the fund seems fairly diversified so happy to hold and collect the divs,albeit rebased forwards. EM seem to be in turmoil all over,JEMI still right down there and the Blackrock latins too on the chart although I'm actually sitting on a profit on the latter which makes a pleasant change! Well done on the ones three years ago, quite relieved I didn't buy these three years ago! GLA
Thanks for update for us all to see and be reminded about... http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12515127.html Just was watching a piece about the Argentinian presidential elections and made me check up on ALAI replies to my post this week. I will add that the strengthening of the US$ will impact the emerging markets to a negative outlook, so this rebasing of the dividend I was thinking would have been to at least half it! But to only reduce to 7.7%, still leaves for further downgrades in future... Argentinian government I hear has only got $40bn in federal reserves to cover the next party to take seat... We all hope that the Brazilian Olympic games can help economy grow next year from tourism. Think I will sit on wall with this trust, or maybe place an order tomorrow. My stockbroker picked this out 3yrs ago when around 100p so great not to have picked! Think I bought Newton Global Income W Inc instead and has gained 28% plus the dividends as well. Atb
Thanks for update on that James... http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12515127.html Just was watching a piece about the Argentinian presidential elections and made me check up on ALAI replies to my post this week. I will add that the strengthening of the US$ will impact the emerging markets to a negative outlook, so this rebasing of the dividend I was thinking would have been to at least half it! But to only reduce to 7.7%, still leaves for further downgrades in future... Argentinian government I hear has only got $40bn in federal reserves to cover the next party to take seat... We all hope that the Brazilian Olympic games can help economy grow next year from tourism. Think I will sit on wall with this trust.
After the current quarterly due next week,the future payments are rebased for "sustainability" at 3.5p as per the update on September 25th.
The Chronicle this week picked out the best trusts and funds to invest atm. ALAI wasn't even mentioned, but Blackrock Latin America was along with Aberdeen Asian Income. Something tells me its to do with the abnormally high dividend yield.
If we compare these two trusts, I would opt for the Blackrock Latin America trust over this. Dividend I much safer over short term.
http://www.hl.co.uk/shares/shares-search-results/a/aberdeen-latin-american-income-ord-npv Shows everything on the one page
...54.5p says FT paper.
When the Brazilian economy recovers so will this fund!!! We also have the Olympics next year, so maybe this might start an upward trend from Easter time? I will be selling my Imperial Tobacco (+200%) and invest here, thik this has to be close to a bottom... I have 6 funds / trusts, best has been MIC and FC over last couple of years. Looks like its best to invest in funds UK Biased! Lol
Cheers for your thoughts on these and others. I have to say I've been tempted by the income side as well as the largest discount to nav in recent years so added a few this week. There seems to be a good mix of equities and fixed interest and from what I can see the dividend history has been consistent...thus far! Hope I don't regret saying this but as a rule the divs being quarterly seem to cushion the characteristic exd drop in SP! As you alude and I concur,nothing is guaranteed and risk ever present! Nice to hear from you and let's hope this emerging marketplace re-emerges at some point...good luck all.
these are cheap James but hold as part of a balanced portfolio in small proportion. they could go lower depending on so many of the global and regional uncertainties. Indeed everything is uncertain. they pay more than SFR - I like SFR for different reasons it's got more stock price potential. There is more upside potential in these than LLPC or D and they don't have the UK house price risk. There will be buying in these because dividend has been declared but you might get them cheaper XD because they may not pay any more dividends ever but they may continue paying all the time without fail all the way through this and you might pick up more cheaper meanwhile. I think Aberdeen would be reluctant to close this security. you are holding here stakes in the equity and bonds of some great companies Vale included. Some of the bonds will in time mature and the yields of replacements if bonds are replaced may be different. With every investment total loss is never to be ruled out but depending on your broker - you can buy these in ISA in say Jarvis. X-02 account for £5.95 with no fees . 600 and the pending dividend covers your purchase. Yes you can get a few more of these very cheaply- not an amount that you cannot make up somewhere else. I do not promote this - I am disappointed by the fall in the value of this but I have only a small proportionate number and keep my fingers crossed long term.
Div declaration today showing above plus buy backs means they think they're worth buying too!
Have a sizable holding here through the Aberdeen Investment Trust Share Plan. Region totally out of favour along with Russia in the Emerging Markets sphere. This will come good eventually on a long term basis and patience is required and lots of it. The quarterly high yield at the moment make this more bearable as there could be a lot more downside to come.
Missing this quarter. Only buy backs. await monthly fact sheet.
Recent NAV about 66/67p but the trend has been depressing. holdings are substantially in bonds that is at least providing more reliable cash flow . only a small holder of these and it would be good to be able to think there are worth adding to at some point . Because they are a fund operated by -Aberdeen not as vulnerable as holding a share and this may survive until there is a recovery in the region. similarly whilst Fed may be wishing to raise rates and may in small measure do that there is obvious limit to the extent that they can let the U.S. Dollar rise because of its effect on the U.S. Trade balance and of course adversely effects the value of the Latin American currencies
NAV is now 74p that is 10 p more than the SP
NAV now around 91p ! Recovering well and still undervalued !
Quarterly Dividend 1p per share. Still has leeway to make up long term and cheap under 93p