We still have 5 gaps since 3 August 2015, these gaps are likely to be closed over next few months.
Latest broker data for Tuesday, indicate clearly Institutions were buying except Credit Suisse who was the biggest seller over last two weeks, but Credit Suisse selling eased, and retails were selling, Comsec, E*Trade.
Broker data for 22 September 2015:
Finally, we got a reversal day. Cheniere Energy got a nice reverse hammer. So LNGLY did overnight.
COMPARISON WITH CHENIERE ENERGY:
Valuation per mt:
- Sabine Pass: US$300m
- Corpus Christi: US$300m - Magnolia: US$48m (100% basis) or US$87m (55% basis)
LNG.ax has market cap of US$508m,
also attaches the following Bonuses:
Bear Head (8mtpa) is Free, Stonepeak US$660m cash injection is Free, OSMR licensing fee & success fees of US$116m is Free.
Current enterprise value of LNG.ax is less than 50% of additional cash consideration (Stonepeak binding cash injection plus success fees and OSMR licensing fees = US$776m).
CQP has 3.38 times capacity of LNG.ax but has 17 times market cap of LNG.ax, and 51 times enterprise value of LNG.ax
LNG Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
