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 > Now You Can See How Fast Things Can Change

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Comment by Doug2Bon Jan 30, 2016 5:41pm

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Post# 24509331

RE:RE:Now You Can See How Fast Things Can Change

30k barrels a day at, say, £20 net earnings per barrel after costs and taxes etc.

Approx £200M per annum. a PE ratio of 10 gives a market cap of £2B. One could argue that this would stretch the asset ratio but such is the current discount to TBV that even a 20x re-rating would not over stretch the asset ratio that badly and the debt will clear rapidly once GSA pumping at north of $50, quickly moving the TBV upwards.

Doug

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