|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.52 - 11.52|
|52 Week Range||10.65 - 17.74|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||29.92|
|Forward Dividend & Yield||0.50 (4.40%)|
|1y Target Est||N/A|
Sweden's Stena and Bermuda-registered Stolt-Nielsen are reviewing their UK-registered ships ahead of Britain's departure from the European Union, the two leading transport companies told Reuters separately on Wednesday. Such commercial decisions could complicate any attempts by the British government to secure extra space on ships to help cope with potential disruption to trade if it fails to secure a negotiated departure from the EU. "In the light of the Brexit process we are considering whether the UK flag can become a possible issue for us when it no longer will be an EU flag post the 29th March 2019, but we have taken no decisions and are reviewing different scenarios," said Ian Hampton, chief people & communications officer with Stena Line.
The three plan to participate in opportunistic developments of LNG projects worldwide. Golar is involved across the full value chain, from shipping, to liquefaction, regasification and power generation. Hoegh LNG is very much a yield-play, with long-term chartered LNG vessels contracted past 2025, providing cash flow visibility.
Liquefied natural gas (LNG) shipping and terminal operators Golar and Hoegh said on Monday they would invest about $50 million into an LNG company set up last year by fellow Nordic firm Stolt-Nielsen. The investments aim to build Avenir LNG into an entity with small LNG vessels and terminals that are expected to be increasingly used in remote locations or to supply LNG as vehicle or ship fuel. "Avenir LNG intends to utilize the best-in-class capabilities of its anchor investors to build a global presence as the leading provider of small-scale LNG," Golar and Hoegh said in a statement.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Historically, Stolt-Nielsen Limited (OB:SNI) has been paying aRead More...