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):
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.
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.
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.