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GasLog Partners LP (GLOP)

NYSE - NYSE Delayed Price. Currency in USD
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3.0700-0.0100 (-0.32%)
As of 2:23PM EDT. Market open.
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  • K
    Kikos
    As expected the Q1 results are very strong (0.30 target beaten by 0.27 cents. Actual 0.57 EPS). Dividend will remain at 0.01 and the profit of about $36m will be used to reduce their debt and consequently their breakeven.
    www.gaslogmlp.com/content/uploads/GLOP-6-K-Q1-2021-vF.pdf
  • H
    Hervelo
    Green now - this is is how it should be today after earnings .
  • j
    jay
    For anything thinking of jumping on board I suggest you read our posts over the last year.Management sold out GLOG shareholders and will eventually #$%$ as well.They do not care about investors.This company buys GLOG old ships.Now a dumping station for livanos family and Blackrock.They will do what?s best for their privately owned GLOG company with no regard for GLOP.Don?t say we didn?t warn you.
  • m
    martin
    Jefferies BUY and $4 target issued this morning....
  • m
    martin
    With one-yr charters on TFDE now at $66,000/day, GLOP is in a much better position that had been expected to get favorable recharter of several of their expiring 2021 contracts.
  • R
    Rich
    .01 Cent Div; Strong Signal They are going to Rob us of this company too!
  • R
    Rich
    Again: Non movement of Share price clear indication these Theives are Un-Investable!!!
  • D
    Dennis
    Good news for the preferred. Risk would be in bankruptcy which seems even less likely.
  • D
    Dennis
    May 6 ER date says no big problems. I expect continuation of .01 distribution. My interest is GLOP-A which I believe will be paid as per normal. Question is how much debt did they pay down? If the BR deal goes through with GLOG BR will own 45% of GLOG which owns 38% of GLOP. While the families will still own controlling interest in GLOG BR will obviously be very influential. In my opinion BR will push the elephant in the room which is how does GLOG tap in to GLOP cash flow. In my opinion Wogan and the family have taken the long term view reducing debt and break evens so that GLOP can survive with old ships in an environment of shrinking revenue. Route for the BR deal to fail.
  • D
    Dennis
    With the GLOP announcement of $.01 distribution it assures payment of the preferred.
  • a
    ay90533
    wow it has been rough holding this last two months. I'm hoping next ER provides some guidance on their plans with glop because the last one was light on info considering the glog acquisition
  • M
    Marie
    If GLOP had substantial future value Blackrock and Livanos would have taken it private at the same time they took GLOG.

    I remember reading somewhere about a Bankruptcy scenario to take GLOP private
    I know they own some shares, but
    If they can cancel the common, maybe give the pref and bonds a nice haircut

    They could potentially take GLOP private while eliminating much of the debt and giving us shareholders ZILCH.
  • m
    martin
    Many other LNG shipping Preferreds now trade 5% ABOVE per, e.g. TGP, HMLP.

    Will GLOP-A return to its above par pricing, before COVID and before the recent tumult in GLOG overall?

    Seems to be heading to par, now a mere 6% below par.
  • y
    yusuf
    does not know how to rise 2.50 if it breaks then it will sink even more .... The boss is asleep ...
    Bullish
  • j
    jay
    Can I get your thoughts?

    So, let’s put aside our hurt feelings from the GLOG buyout.

    When it comes to GLOP I have 2 theories of what could happen.

    1.) Management keeps dividend low, buy out takes place at @ $3.20-$3.50.

    2.) Management does not buy out. They want to take advantage of GLOPs historical payout. Increases dividend back to .10+ and SP follows.

    Your thoughts?

    If they do not intend to absorb GLOP, it is in THEIR best interest to increase dividend and resume cash flow over to GLOG.

    Wonder what next ER brings!
  • א
    אלעד
    Huge volume today 🙌
    Bullish
  • M
    Max
    looks like the $5 days are gone for good
  • L
    LPG1
    Equity was worth $15+ last Jan and prior. Same ships, less debt, now less then $3. Why over $2 in distributions before, now a penny? LNG market is back et pre Covid demand.
  • L
    LPG1
    2020 YE Tangible book value of GLOP was $953MM
    Current market cap $148MM
    Shares are trading at a huge discount to asset value! The price of the shares are egregiously manipulated by the distribution decisions of management. Clearly, they are looking to steal GLOP from investors as well, at penny's on the dollar. Investors put up the $$ to buy the ships, then management forces the share price down by cutting the distributions to almost nothing.
  • p
    paul
    interesting that all the preferred shares are up and the common is down today