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 Darilonon Aug 25, 2014 1:31pm
374 Views
Post# 22875411

More reliable measure of performance than EPS

More reliable measure of performance than EPS
Those focusing on EPS must be new to the energy industry.  For decades cash flow has been the real measure to look for since there's a lot of finagling that happens to determine earnings - depretiation, amortization, depletion, etc.  On another note, there is no doubt whatsoever that IAE has a strong financial position wrt debt.  Cash flows at current production rates will continue to be strong, and will pay for the bulk of capex foing forward.  In the middle of next year we will likely see a transformed company with double this years production and massive cash flows.  My cash flow models indicate a very small per share hit due to production being delayed to mid 2015.  The nearly 20% pull back from June highs provide a good buying opportunity as long as no macroeconomic forces intervene ala 2008.  We are currently at a 4:1 cash flow multiple, which is reasonable if you discount the huge increase in production due next year.   Discounted NPV calculations based on predicted cash flows will show you very quickly that IAE is undervalued at this price and in fact should double from here as the new production is derisked.

Some times I wonder if the immature name calling and shallow analysis on this board is an intentional attempt to both obfuscate the facts and derail intelligent discourse.  If you can converse intelligently on the subject you will be more persuasive and at the same time force everyone else to raise their level of discussion.  I welcome any intelligent conversation whether positive or negative, but neither mindless chearleading or bashing will get anywhere.
<< Previous
Bullboard Posts
Next >>