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Voya Asia Pacific High Dividend Equity Income Fund T.IAE


Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.


NYSE:IAE - Post by User

Comment by Darilonon May 09, 2013 6:22pm
81 Views
Post# 21359553

RE: RE: My take

RE: RE: My take

Frankly, I'm ok if the P/E stays where it is until the end of 2014.  Cash flow per share will likely almost triple (production almost triple, share float increased by 15% or so?) and therefore profits should be up considerably.  Frankly, with depletion and tax credits gumming up the profit statements, I prefer to look at cash flow multiples.  IMHO, IAE should be trading at 3x future 12 month cash flows based on production of 14kb/d, which would place the SP around $3-4 with further upside coming from GSA.

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