Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by Doug2Bon Jul 27, 2014 4:55am
454 Views
Post# 22785210

Risk Reducing

Risk Reducing
Although the FPF1 delay was frustrating and has delayed GSA first oil, the FPF1 refurb is not the high risk part of the project IMO.  The greater risks lay in the sub sea work which has gone swimmingly and is largely de-risked now.

Interesting how PFC had to explain to their shareholders why the PFC GSA revenue was delayed as the smaller PFC share  (20% as I recall) was significant to their future profits - Ithaca is about one eight the size of PFC (market cap) with nearer three times the GSA revenue coming its way - puts things into perspective.

PFC's message to shareholders re FPF1 delay was more expansive than IAE's, they basically said that elements of the work had to be completed before winter and doggedly trying to keep to that schedule would introduce unacceptable risks to the project.  PFC was a major holding of mine from 2009 and I became quite familiar with their modus operandi.  If they make a call such as the GSA delay, they usually get the call right and then put great effort into the final delivery phase.

Doug
<< Previous
Bullboard Posts
Next >>