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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 > Low volume
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Comment by nini222on Mar 27, 2018 9:48pm
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Post# 27791674

RE:RE:RE:RE:RE:RE:RE:Low volume

RE:RE:RE:RE:RE:RE:RE:Low volumeWill really depend on how bad of shape those private label or w/e they are businesses are...let's say it's EBITDA is $36M ($153M+US$35M / 5.1 (per the PR). Now let's say you attach a 7x multiple for EV/EBITDA, you get a EV = US$252M, less the $152M of debt leaves about US$100M of value or US$1.42/share. This doesn;t factor in any value for hte PPNs. I also think US$36M EBITDA is giving them alot of benefit right now....the bank didn't and they would have seen 2018 forecasts.

Also, 7x EV/EBITDA for what by all public information are 2 rather crappy medium sized businesses may be generous.

Just my opinion but the biggest red flag is not so much the financials right now but more the management team - when u put ur money into a public company the management team importance cannot be overstated and these guys couldn't be less trustworthy or competent.
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