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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 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.


NYSE:IAE - Post by User

Comment by Monkey_Spankon Dec 07, 2014 11:59pm
397 Views
Post# 23204991

RE:Les and $2.53 Options...

RE:Les and $2.53 Options...GG, your enthusiasm is just a tad out of touch.  IAE will be awash in debt next summer (perhaps fall) when Stella starts to produce.  As well, there will be start-up hiccups without a doubt on this complex field for at least 6 months.  So, best case scenario, let's assume that Stella begins producing in early Q3 next year, and that full, sable production takes 6 months.  This takes us to Q2 2016, and then IAE has to begin to seriously shed it's considerable debt which will take another year at least.   So, the $$$$$$$ that you are referring to will most probably come, but it won't be until well into 2017.  The share price is currently sitting at $1.06 and will most probably drop to under $1.00 tomorrow.  With the Saudi's unwilling to cut production, IAE share price will languish well under $1.50 for the next couple of years until Stella is stable and proved out AND the debt is paid down.  My guess is this company will be sold for less than $2.00 by next summer.  And you know what, THAT would be a blessing.  The sooner the BOD pulls the plug on this company, th better.
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