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Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA


Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.


NYSE:PTA - Post by User

Comment by mrpanickon Oct 08, 2014 2:13pm
105 Views
Post# 23010979

RE:2015 Cash flow estimate

RE:2015 Cash flow estimateI have enterprise value at about 160 mil US based on 870 mil shares at 22 cents and 30 mil of net cash. So I have ent value / 2015 operating cash flow = 160/135 = 1.2X.  That's assuming slightly lower oil prices, very moderate production success and no decline in oil transporation costs.  Transporation costs have been very high and there is an opportunity for them to drop - especially if negotiations with farmers & FARC stay on track.  There is also mention in the presentation of alternative routes for selling oil in Putamayo which would greatly lower costs there and pipeline extensions (probably a couple years off still) that would reduce costs at LM.  

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