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%.