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Golar LNG Ltd. Message Board

  • ContraIndicator ContraIndicator Jul 10, 2011 3:45 PM Flag

    Valuation

    Have had several JF companies (FRO, SFL, SDRL) for the rich yields.

    Looking at the income statement and cash flow for this company (Yahoo lists the payout ratio as over 9000%), can I assume that the main reason for the big appreciation in the stock price is for future prospects and not current revenue generation?

    The stock is trading at a big multiple to book value and given current nearterm income growth, its valuation by the market puzzles me.

    Another poster listed the div for the MLP (GMLP), as 38 cents. That would give a yield of about 5.5% for GMLP. For an MLP, that's average. SDRL, not an MLP and with a longer track record, but with great future prospects for business yields over 8 percent. (Golden Ocean, another JF company, yields over 13 percent).

    The question is, what entry point is good valuation of purchase of GLNG?

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GLNG
16.58-5.02(-23.24%)Apr 29 4:00 PMEDT