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Company Information

Company at a Glance

Industry:
Oil, Gas & Consumable Fuels
Fiscal Year-End:
Jun 10

Company Overview

Liquefied Natural Gas Limited (LNG) aims to develop and operate liquefied natural gas plants, using stranded gas as feedstock. LNG aims to offer previously discovered but non-commercial gas reserves to new markets as identified by LNG.

Company History

LNG Ltd listed on the ASX in September 2004.

Industries Of Operation

LNG Ltd operates in the Energy Sector, primarily concentrating on LNG exploration and production. Oil and gas explorers own rights to explore for commodities in certain areas, and discovery goes through several stages from initial finding to test and appraisal wells and finally to production. Often joint ventures are formed to offset the risk and costs involved.

Differentiating Factor

LNG Ltd's business strategy aims to remain at the forefront of LNG processing technology. The company has an international Patent Application pending over the use of waste heat from the LNG production process. This 'ammonia absorption' technology has never been used in LNG production and will enable the company to substantially improve its efficiency and decrease green house gas emissions.

Major Customers & Competitors

LNG's major target markets are located in South-East Asia, including Korea, Thailand, China, India and Japan. It competes against other LNG explorers.

Research provided by  

Market Statistics

Market Cap ($M):
126.9
Equiv. Shares (M):
169.1
% All Ords:
0.01
12Mth Range ($):
0.30 - 1.95
Turnover ($M pa):
264.8
Index:
S&P/ASX 500
Sector:
Energy
Industry Group:
Energy
Industry:
Oil, Gas & Consumable Fuels
Sub Industry:
Oil & Gas Storage & Transportation

Last 5 Market Sensitive Announcements

Date
Announcment
30-Jul-10 12:46
Quarterly Report June 2010
01-Jul-10 08:25
Gladstone LNG Project Update - Arrow HOA Has Expired
27-Jun-10 22:08
Gladstone LNG Project Update - Dredging Approvals Received
25-May-10 12:29
Civil Aviation Safety Authority Provides All Clear
12-May-10 21:53
Environmental Authority Granted - Gladstone LNG Project

Calendar Of Events

Date
Event
26-Jun-09
EGM Date for Special Event
06-Mar-09
EGM Date for Special Event
26-Nov-08
AGM Date for Final Year Result
16-Sep-08
Reporting Date for Final Year Result
07-Mar-08
EGM Date for Special Event

Directors

Name
Position
P Harvey
Chairman
F Brand
Managing Director
W Homaday
Director
R Beresford
Director
P Bridgwood
Director
N Marshall
Director
N Davies
Director
S G Bizzell
Director

Management

Name
Position

There are no recorded management positions for this company.

Substantial Shareholders

Name
% Holding
P Bridgwood
16.1
Golar LNG Limited
13.8
Copulos Group
11.3
Arrow Energy NL
10.3
Sasigas Nominees
7.6

Consensus Recommendation Summary


0
0
0
0
1
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 1

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) -1.8 -1.7
EPS Growth (%)   -5.6
P/E Ratio (x) -33.1 -35.0
P/E Rel. All Ords (x) -2.95 n/a
P/E Rel. Sector (x) n/a n/a
Number of Brokers in Earnings Survey: 1 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
Liquefied Natural Gas (3.4) 223.5 0.0 126.9 0.60 Buy

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