Osakesijoittaminen

Golar LNG (GLNG)

Jep, tällä hetkellä kurssi arvottaa kaiken liiketoiminnan nollan arvoiseksi.

Shipping pois niin saadaan arvo näkyviin, voisin melkein lisäillä jos valuu vielä.

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Aika kesy reaktio uutisiin, vahvassa pidossa laput. Katsotaan kuukauden päästä asiaa uudestaan.

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Toiselta foorumilta bongattuja tietoja:

Analysoidaan, että jokainen uusi toteutuva flng-projekti lisää arvoa 7-10$ per osake.

Tiukassa holdissa pysyy vielä laput. Olen samaa mieltä, että laivat pitäisi saada myytyä edes jollain hintaa pois niin ehkä silloin markkina tajuaisi Golarin todellisen arvon. Ehkä jonkinlainen re-brändäys vielä siihen päälle niin voisin toimia.

January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”) have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition Ltd. (“Hygo”) to New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”).

Hygo, a gas to power and downstream LNG distribution company, is owned 50% by each of GLNG and by funds and other entities managed by Stonepeak.

Under the terms of the merger agreement, NFE will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash. The transaction values Hygo at an enterprise value of $3.1 billion and an equity value of $2.18 billion. Pursuant to the transaction, GLNG will receive 18.6 million shares of NFE Class A common stock and $50 million in cash, and Stonepeak will receive 12.7 million shares of NFE Class A common stock and $530 million in cash, which includes a cash settlement of its preferred equity tranche of $180 million. As part of the transaction, GLNG and Stonepeak have entered into customary lock-up provisions in relation to the stock consideration they will receive. Completion of the transaction is subject to the receipt of certain approvals and third-party consents and the satisfaction of other customary closing conditions, and is expected to occur in the first half of 2021.

In addition, NFE has today also announced that it will acquire 100% of the common units and general partner units of Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) at a price of $3.55 per unit. GLNG holds 30.8% of the issued and outstanding common units in GMLP. In connection with the acquisition, GMLP’s incentive distribution rights will be cancelled. GMLP’s 8.75% Series A Cumulative Redeemable Preferred Units will remain outstanding. The transaction is valued at a $1.9 billion enterprise value and $251 million equity value.

Golar saa ~1.05mrd usd edestä NFE:n osakkeita + 50milj cash. Sit myy vielä tankkerinsa (Golar Partners) mistä saa ~85milj. Koko market cap nyt Golarilla 1.38mrd. Eli jää taalan verran arvoa tälle FLNG-projektien liiketoiminnalle ja muulle. Muutama kuvankaappaus mitä keräsin.

Stocktwits:

Tankkerit:


Ostaja NFE:

Golarin itsensä nousut hyytyi:

-> Ehkä tässä nyt mietin että ostaako NFE tässä omilla “kuplahintaisilla osakkeilla” ?

edit. tuli vielä analyysiäkin perään:

  • Golar LNG’s (GLNG +3.7%) sale of both the Hygo Energy joint venture and Golar LNG Partners (GMLP +22.6%) to New Fortress Energy (NFE -3.6%) eliminates nearly all of Golar’s financing issues, Stifel analysts say.
  • The firm’s estimate of Hygo’s valuation dropped to $750M after the delayed IPO, but New Fortress is paying Golar LNG $1B ($950M in stock and $50M in cash) for GLNG’s 50% stake in Hygo as well as assuming debt; with a $1B valuation (or $9.19/share), the solidifies a better than expected valuation, Stifel says.
  • As a result of the deal, Stifel raises its sum-of-the-parts estimate $25/share with ~$9/share of that realized.
  • And while Golar LNG is selling the downstream part of the business, the company does have its FLNG technology and the currently booming shipping assets, Stifel notes.
  • “While the uncertainty around the shipping assets should likely have the shares trading at a discount to that SOTP estimate, we believe there is still room to run from where the shares are today, especially as most near-term financing issues have been solved with this transaction,” Stifel says.
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