abrdn Emerging Markets Equity Income Fund Inc T.AEF

Primary Symbol: AEF

abrdn Emerging Markets Equity Income Fund, Inc. (the Fund) is a non-diversified closed-end, management investment company. The Fund's investment objective is to seek to provide both current income and long-term capital appreciation. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets equity securities. The Fund invests in a range of sectors, including information technology, financials, consumer discretionary, materials, industrials, communication services, energy, consumer staples, utilities, real estate, health care, private equity, and short-term investment. The Fund's investment adviser is abrdn Investments Limited. abrdn Investments Limited is an indirect, wholly owned subsidiary of abrdn plc.

NYSEAM:AEF - Post by User

abrdn Emerging Markets Equity Income Fund Inc > AEF on radar!

Bullboard Posts

Next >>

Comment by nini222on Feb 06, 2018 10:10pm

164 Views

Post# 27516178

RE:AEF on radar!

Any thoughts on if this is good/bad? They are selling a business they purchased barely a year ago for US$70M in cash + 22Million or so shares. On the surface it doesn't look like they are getting less money onces you factor them keeping US$47M in loans receivable but it's hard to make sense of the press release and whether they retain the credit facility debt post-close. It did seem like the least stable business they own and it had management turnover issues so it may be a positive that they get rid of that noise.

Tony and Ian do a really crappy job of communicating with shareholders. I'm long and this does look really undervalued (raised capital at $10/share just a year ago) but I'm getting frustrated with how poorly the management team communicates.You have to wonder what they were thinking closing this deal just a year ago and now wanting to get rid of it.

Bullboard Posts

Next >>

Visionstate set to leverage success in the U.S. market