Dorian LPG: Takeover Drives 30% Upside Potential, 75% If Lease Rates Continue To Improve [Seeking Alpha]
Dorian LPG Ltd. (LPG)
Last dorian lpg ltd. earnings: 8/7 06:00 am
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US:NYSE Investor Relations:
dorianlpg.com/investor-center/default.aspx
Company Research
Source: Seeking Alpha
Summary Update 10/12/18: Subsequent to this article publishing as a Top Idea on October 8th, we learned that BW LPG had sent a letter to Dorian's board objecting to Dorians lack of movement on their proposal and withdrawing its hostile bid. However, in that letter they also stated they remain open to a future conversation should your board and shareholders become convinced of the merits of consolidation. Dorian's response indicates a main objection was over price. Given this, the benefits to both companies shareholders of a merger, and a number of large shareholders who came out openly in favor of the merger, it remains possible the deal could be reinstated at something along the lines of 2.3-2.4 shares of BWLPG for each share of Dorian. One possibility is BW LPG making a new hostile bid for Dorian sometime after Dorian declares the date for their annual meeting. In the meantime, VLGC ship lease rates remain relatively strong with last weeks rates as reported by Fearnley
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LPG
News
- Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per ShareBusiness Wire
- Dorian LPG Ltd. (NYSE: LPG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Dorian LPG (LPG) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Dorian LPG (LPG) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Dorian LPG (LPG) Stock Moves -1.21%: What You Should Know [Yahoo! Finance]Yahoo! Finance
LPG
Earnings
- 2/1/24 - Beat
LPG
Sec Filings
- 4/25/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- LPG's page on the SEC website