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.

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Voya Asia Pacific High Dividend Equity Income Fund > RLI calculation

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Post by dbeaudeon Jul 22, 2014 9:52pm

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Post# 22772086

RLI calculation

current RLI = 2P/Production = 70M/14.5MBOEPD/365 = 13.25 Post Stella RLI = 6.85 This is what every oil producer dreams of....exploiting the maximum amount of reserves that they can. This will improve their NAV through monetization of their reserves. With a Cash flow of $800 million they will have all the cash they need to replace reserves through the continuation of accretive acquisitions. One does not include debt in the PE calculation. As the PE indicates, it is price(share) to earnings ratio. Just for the record they are trading at a forward 12 month EV/CFPS of 3.82 and a 2914 EV/CFPS of 2.62 which h is ridiculous compared to peers.

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