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Jaya announces new US$20mn two year charter contract for a new build
By Kevin Scully-Financial Blog  •  August 26, 2013
Jaya announces new US$20mn two year charter contract for a new build Monday, 26 August, 2013  10:26 AM
Posted by Kevin Scully

Jaya has announced today that it has secured a two year US$20mn contract for Jaya Vigilant - a DP2 PSV new build.  This is good news and consistent with our positive view on the stock that its recurrent charter income is growing steadily even for its new builds.  I continue to like the stock see my recent results commentary - more so now that its dividend policy has improved - with total FY2013 dividend of 4 cents giving a running yield of 6-7%.


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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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