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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 equity securities and will select securities through a bottom-up process that is based upon quantitative analysis. Voya Investments, LLC is an investment adviser of the Fund.


NYSE:IAE - Post by User

Comment by konzelmannon May 29, 2012 1:14pm
190 Views
Post# 19956805

RE: RE: RE: RE: RE: Sellof will last a few days...

RE: RE: RE: RE: RE: Sellof will last a few days...

After selling a lot of my holding into the hype of the buyout, it's nice to get this chance to get my shares back at a very reasonable price.  Not buying it all back at once because it's a bit of a falling knife today, but one has to feel that any purchases in this price range will be pretty profitable long-term. 

With Athena running, Ithaca should be worth in the $2.5-$3.25 range on a good day just based on current production.  Obviously we're heading into the summer and today is not a 'good day.' 

Without a buyout, and not factoring in future potential, I think there's a safe opportunity to buy now and start selling in that $2.5-$3.25 range.  If you want to be a bit more aggressive and look further into the future, things should go higher. 

Will we hit $1.70 or re-test 52 week lows?  Who knows.  But it's pretty safe to start buying a few now and see what happens.  If we re-test 52 week lows that would be below $50,000 per flowing barrel based on current production, not even looking at future production potential. 

With the money in the bank and the available credit, plus cashflow, this is a safe stock.  Buy some up at a relatively good price and you'll be rewarded long-term without a doubt.  Getting the low is always nice, but we're low enough right now that there's a lot of potential profit on the table.  Upside is far greater than the potential downside.

Normally I wouldn't be a buyer in May, but I just had to buy some today.  I sold enough around $3 that it' a no brainer to buy some back on a day like today.

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