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LIOC.N0000 (Lanka IOC PLC)

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by Rapaport on Sun Aug 28, 2016 6:00 am

I feel the government should be a bit more systematic in implementing taxes. The haphazard nature of the taxes is burning investors directly and indirectly. I feel for those who bought shares based on the company forecasts and results.

LIOC will be a good collection if the price drops further. Over the last 12-24 months it has fluctuated mostly between 30-40 range. It will be a medium to to long term wait for investors depending on the price formula which is to be introduced, which guarantees a profit.

Cheers!
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Re: LIOC.N0000 (Lanka IOC PLC)

Post by CK on Wed Aug 31, 2016 10:59 am

share price slowly recovering. The downfall may be initiated due to the selling of YK...(large quantity within a day) Very Happy
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Re: LIOC.N0000 (Lanka IOC PLC)

Post by yellow knife on Wed Aug 31, 2016 1:08 pm

CK

I never sell by pulling down.. I just matched the price and slowly sold... I was just another seller that day and was not the initiator...

As world oil price is kept below $50 per barrel, LIOC is not facing problems even though tax is imposed for Diesel..

Further I dont have emotional attachments (+/-) regarding shares which I hold or sold...

CK you bought on the same day where I sold and I feel the price you bought is not bad..when compared with Net Assets...

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by Rapaport on Wed Aug 31, 2016 1:11 pm

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Lanka IOC has requested permission from government to introduce a fuel price hike after the diesel production tax was increased.

The company says the increase of the diesel production tax from Rs 3 to Rs 13 has increased their production cost by 56 percent.

The company also claims that it has affected the production of petrol as well.

It is reported that Lanka IOC has requested for a meeting with Minister of Petroleum and Petroleum Gas Chandima Weerakkody.
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Re: LIOC.N0000 (Lanka IOC PLC)

Post by CK on Wed Aug 31, 2016 1:18 pm

Ok YK. Yes I bought some at that day and also I had bought much earlier at 36 levels and now my average around 38.
On that day right from the beginning there was a high selling pressure. I just thought this is an exit from a big investor and that's why I bought that day. Later you confirmed it. So my gut feeling was right. With the facts you said, this make some panic in the retailers and rush to sell the share.
I know it's your right to sell or hold. I just only share my view here YK.
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Re: LIOC.N0000 (Lanka IOC PLC)

Post by Danidu on Thu Sep 01, 2016 12:41 am

Impact of duty increasing on LIOC.

Report from CT and just sharing with you

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by yellow knife on Wed Sep 21, 2016 4:12 pm

Daily FT 21st Sept 2016

CPC will incur a loss about Rs 2 Billion per month after the Government raised Excise Duty last month, the Petroleum Resource Minister said on Monday.

The Finance Ministry under pressure from IMF  to increase revenue , raised the Excise Duty on diesel by Rs 10 from 20th August without increasing diesel's retail price.

*************************************

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by Future123 on Wed Sep 21, 2016 7:31 pm

YK, but LIOC still make an overall profit despite duty increase (Refer Danidu's link). If oil price remain at these levels, LIOC will report an EPS over Rs. 10.

When are we going to have the price formula? This would be the turning point for LIOC. If price formula is introduced then LIOC would never report a gross loss as there is always a mark-up.

I think there will be a good run for LIOC if this price formula is introduced.

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by yellow knife on Thu Sep 22, 2016 7:10 am

Yes

In many years CPC was making losses while LIOC was making profit... Even at current levels LIOC will reach a very high EPS closer to what you mentioned.

Further LIOC has spent its cash on inventory when the Oil price was low.. They have increased the storage capacity as well...

LIOC will have a good time ahead and Price Forumla will help it to never report loss..

**************************************************************

Can some one see the logic of CPC making loss of 2 Billion per month and collecting revenue ?

Who will bear the loss of CPC... ? Tax payer..... What a never ending Mahadana Muttha style solution...Break the pot and cut the neck

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by Backstage on Wed Nov 16, 2016 7:09 pm

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YK vindicated. Smile
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Re: LIOC.N0000 (Lanka IOC PLC)

Post by Yin-Yang on Wed Nov 16, 2016 7:35 pm

yellow knife wrote:
+
+
+
Can some one see the logic of CPC making loss of 2 Billion per month and collecting revenue ?

Who will bear the loss of CPC... ? Tax payer..... What a never ending Mahadana Muttha style solution...Break the pot and cut the neck

Oh man!
Spent the good half of his age but still cannot see the logic.

Don't you know the developed world has something called unemployment allowance or what they called the dole.

So this the developing world equivalent mate.

This is much better for the unemployed since, on top of the allowance they get a dignity and a job also.

Furthermore, nobody insult them as පිං පඩි කාරයෝ either.
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Re: LIOC.N0000 (Lanka IOC PLC)

Post by yellow knife on Thu Dec 01, 2016 7:27 am

LIOC hikes price of two premium fuels.

The company said the move was due to an increse in Customs ( Rs 6 per liter in diesel) and Excise Import Duty ( Rs 10 per litre in diesel ) on diesel imposed by the Government in the past months and due to changes in international oil prices..

*************************************

Oil Jumped more than 6% as signals from OPEC suggested the group was closing in on a deal to cut production.

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by Yin-Yang on Thu Dec 01, 2016 12:05 pm

So, should it make share price move up?

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by කිත්සිරි ද සිල්වා on Thu Dec 01, 2016 12:10 pm

Crude up by 9% and OPEC is back in the driving seat.  Shocked
(SSBs' will be happy for their short-term gains in the form of high Dividend payment received).
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Re: LIOC.N0000 (Lanka IOC PLC)

Post by smallville on Thu Dec 01, 2016 10:13 pm

I dont know oil prices.... Chart suggested a buy at 33..

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by The Invisible on Thu Dec 01, 2016 10:25 pm

Can be possible for an up move even for short term. This index is also with some renewed power ne.

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Re: LIOC.N0000 (Lanka IOC PLC)

Post by smallville on Thu Dec 01, 2016 11:06 pm

yes LIOC 100 dreams are far fetched... Those days even we repeatedly told max 65...

Now also its a 35-43 play for me...

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LANKA IOC - DIVIDEND ANNOUNCEMENT

Post by Rana on Wed Jun 14, 2017 5:04 pm

LANKA IOC PLC
Company ID:- LIOC
Date of Announcement: - 14.Jun.2017
Rate of Dividend:- Rs. 1.25 per share / First and Final Dividend
Financial Year:- 2016/2017
Shareholder Approval:- Required
AGM:- 29.Jun.2017
XD:- 30.Jun.2017
Payment:- 10.Jul.2017

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