Today I’m reviewing a small-cap oil & gas midstream firm by the name of GasLog Partners LP.Its trading ticker symbol is GLOP. I last reviewed GLOP December 22nd2017.
GasLog Partners LP owns, operates & acquires liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. As of February 8, 2018, it had a fleet of 12 LNG carriers including three vessels with modern tri-fuel diesel-electric.
The company was founded in 2014 and is based in Monaco.
I use three key data points to gauge the value of any dividend equity or fund like GasLog Partners LP. (GLOP):
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.
GLOP Price
GasLog’s price per share was $24.50 at Friday’s market close.A year ago its price was $22.80 for a gain of $1.70 per share.
Assuming GasLog’s price will trade in the range of $22 to $27 next year, that $1.70 gain would take its current $24.50 price to $26.20 by early August, 2019.
GLOP Dividends
GasLog’s most recent increasing quarterly dividend was $0.53declared July 25and payableAugust 10, Friday.
At it’s most recent quarterly pay rate, its 2018 annual dividend is calculated at $2.12yielding8.65% at Fridays closing $24.50 price.
Gains For APO?
Adding the $2.12 estimated annual dividend to the $1.70year over year theoretical price gain for GasLog makes a $3.82 projected gross annual per share gain, which will be reduced by costs to trade the shares.
A little over $1,000.00 invested today at the $24.50 recent price buys 41 GasLog shares.
A $10 broker fee paid half at purchase and half at sale costs about $0.24 per share, subtracting that $0.24 brokerage cost from the estimated $3.82 gross gain leaves a net gain of $3.58 X 41 shares = $146.78 or a 14.6% net gain on a $1,004.50 investment.
