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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

Post by dbeaudeon Jun 16, 2014 7:51pm
300 Views
Post# 22665048

Some pretty good volume on a positive day

Some pretty good volume on a positive dayThe market has accepted that Stella will be next year. The question now is whether the last two wells will be as good at the first and fully de-risk the estimated production estimate. Also at 14000 BOEPD and current crude prices, the company would generate ~$380 million cash flow and the shares are trading at ~2.2 times this forward 12 months CFPS. Also trading at just 75% of core sum of the parts NAV. If the wells meet the high expectations and if they can keep their production level above 13000 BOEPD and if current crude prices stay in this current range then there very well could be move upward in share price back up to the high twos. Another benefit of these current numbers is that they will generate more than enough cash over the next year to fund the rest of Stella and maintenance capex.
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