The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Thread for News on CSE and SL Economy
Today at 8:57 am by The Invisible

» Thread for News on Local and Foreign Politics
Today at 8:56 am by The Invisible

» Dividend Announcement
Mon Dec 17, 2018 7:04 pm by Ethical Trader

» Buy International English Language Testing System (IELTS) in jordan((WhatsApp:+237675967490))
Mon Dec 17, 2018 10:55 am by nihal123

» Thread for News on International Markets
Fri Dec 14, 2018 1:58 pm by The Invisible

» AINS - Arpico Insurance
Thu Dec 13, 2018 10:43 am by The Invisible

» CFVF - First Capital
Thu Dec 13, 2018 5:18 am by Ethical Trader

» Obituary Notice.
Wed Dec 12, 2018 11:18 am by sashimaal

» BFN - Orient Finance
Wed Dec 12, 2018 9:34 am by PANTOMATH

» බඩගිනී
Tue Dec 11, 2018 9:20 am by Ethical Trader

» අනං මනං! #/+?.<>
Sun Dec 09, 2018 11:19 am by lanka

»  Rajgama heroes !
Sun Dec 09, 2018 9:43 am by කිත්සිරි ද සිල්වා

» BOPL.N0000 (Bogawantalawa Tea Estates PLC)
Fri Dec 07, 2018 7:35 am by The Invisible

» Sri Lanka economic slowdown trims company profits, bank earnings grow
Thu Dec 06, 2018 3:04 pm by nihal123

» JINS.N0000 ( Janashakthi Insurance PLC)
Thu Dec 06, 2018 10:05 am by The Invisible

» Better Than Bitcoin
Thu Dec 06, 2018 9:42 am by කිත්සිරි ද සිල්වා

» AAIC.N0000
Thu Dec 06, 2018 8:19 am by serene

» Hutchison, Etisalat complete mobile networks merger in Sri Lanka
Wed Dec 05, 2018 9:30 am by The Invisible

» Oil prices surge more than 5-pct
Mon Dec 03, 2018 1:53 pm by Ethical Trader

» Trading Journal
Mon Dec 03, 2018 11:33 am by lanka

» CCS.N0000 ( Ceylon Cold Stores)
Mon Dec 03, 2018 10:03 am by The Invisible

» HAYC - Haycarb
Sun Dec 02, 2018 3:04 pm by xmart

» In the Meantime, Within Our Shores !
Sat Dec 01, 2018 4:36 pm by කිත්සිරි ද සිල්වා

» LGL Laugfs Gas
Fri Nov 30, 2018 9:43 am by The Invisible

» Oil prices gain as investors eye Fed relief on interest rates
Fri Nov 30, 2018 9:41 am by The Invisible

» ලැයිස්තුගත සමාගම් 8 ක් කොටස් ගනුදෙනු තහනම් වීමේ අවදානමක
Thu Nov 29, 2018 11:34 am by nihal123

» අපි තනිකර ලෝකය දිව යන්නේ
Thu Nov 29, 2018 11:32 am by කිත්සිරි ද සිල්වා

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 29, 2018 10:32 am by The Invisible

» Orient Finance PLC--(Share_Valuation_Report)
Thu Nov 29, 2018 7:17 am by yellow knife

» කිඹුලා
Mon Nov 26, 2018 7:20 am by Lalinda

» Sandos' Vs Creators'
Sun Nov 25, 2018 1:17 pm by කිත්සිරි ද සිල්වා

» Tourists Arrival
Sat Nov 24, 2018 10:07 am by කිත්සිරි ද සිල්වා

» බිරිඳ
Fri Nov 23, 2018 11:49 am by Ethical Trader

» ගෙයක් හදන්නද ඉන්නේ
Fri Nov 23, 2018 5:55 am by Brave Heart

» --- සමෝසා වෙළෙන්දා -------
Fri Nov 23, 2018 5:51 am by Brave Heart

» විකුණුම්කරු
Sun Nov 18, 2018 2:10 pm by Ethical Trader

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Sun Nov 18, 2018 12:00 am by xmart

» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Sat Nov 17, 2018 11:43 am by CK

» *කොට්ටේ තරණය කිරීම*
Fri Nov 16, 2018 6:25 pm by Ethical Trader

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Wed Nov 14, 2018 9:20 pm by pjrngroup

» DIPD.N0000 (Dipped Products)
Wed Nov 14, 2018 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Wed Nov 14, 2018 7:16 am by The Invisible

» TAFL - Three Acre Farms
Wed Nov 14, 2018 7:14 am by The Invisible

» RCL - Royal Ceramics
Wed Nov 14, 2018 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Wed Nov 14, 2018 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

December 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
3031     

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Page 6 of 7 Previous  1, 2, 3, 4, 5, 6, 7  Next

Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Fri Oct 20, 2017 10:39 am

Despite availability of high cost IT facilities authorities just sleep on it. Instead, they want us to report matters to them.
කිත්සිරි ද සිල්වා wrote:Yesterday morning when it started to move, I was wondering who got the smell of the dividend first.
Authorities should investigate those who have bought shares early in the day to see if any insider trading is involved.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Fri Oct 20, 2017 11:02 am

See the order book today. Its very weak. Many bids are below Rs:116/=
[img][You must be registered and logged in to see this link.][/img]
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by guruji on Fri Oct 20, 2017 3:02 pm

After xd date this will slide more ,don't know wts to do with losses

guruji

Posts : 558
Join date : 2015-04-27

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Fri Oct 20, 2017 5:09 pm

Guruji, don't worry. Even at the current price level, its DY is over 15%! More than the FD rates, provided they continue to pay dividends at this rate! Watch the decline, & Just average down carefully in small quantities. Don't jump in big.
guruji wrote:  After xd date this will slide more ,don't know wts to do with losses
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by poor boy on Fri Oct 20, 2017 5:22 pm

this year the eps will be around 11 rupees. still they can continue to pay a good dividend .dividend yield 10 percent is fine. yesterday i didnt smell a dividend but i bought few thousand shares bcz i thought this is an opportunity .i think 109 rupees is in the oversold region. when ioc came in to operation people got panicked and sold at cheap but we saw how this share rewarded its shareholders. i think below 120 is an opportunity.

poor boy
Active Member
Active Member

Posts : 765
Join date : 2014-10-09

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by CK on Fri Oct 20, 2017 7:01 pm

My broker said there is a pushing from a broker firm (don't want to gv the name as this is not confirmed ). So there can be some trading opportunities, but be careful of dumping their qty.
avatar
CK
Active Member
Active Member

Posts : 1267
Join date : 2015-11-01

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by guruji on Fri Oct 20, 2017 8:08 pm

Thanks ethical trader

guruji

Posts : 558
Join date : 2015-04-27

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by The Alchemist on Fri Oct 20, 2017 9:26 pm

after split sometime back, price adjusted to rs 150 and then went up to around rs 180. since earnings have come down approx 30 % last 2 q's, if you take split adjusted rs 150 and minus 30 %, it comes to rs 105. if earnings are going to be rs 11-12 per share and dividend is rs 10, then eps 8-9 and div yield 10 % makes fair value around 100-105. especially if lubs market share is shrinking, taxes, competition and future earnings is unsure.  
what do you think ?

The Alchemist
Top contributor
Top contributor

Posts : 597
Join date : 2014-02-25

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by malanp on Sat Oct 21, 2017 9:41 pm

malanp wrote:People who sold at 158 levels are the winners.

I got two negative rep for writing this..

People who sold at 158 levels are the real winners..

malanp

Posts : 431
Join date : 2014-03-04

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Mon Oct 23, 2017 9:36 am

Thanks Al for the analysis. My comment on 15% DY is based on their ability to maintain the current dividend level. You presume that might be lesser than now. Its a good viewpoint to look at seriously.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by First Guy on Mon Oct 23, 2017 9:21 pm

Ethical Trader wrote:Thanks Al for the analysis. My comment on 15% DY is based on their ability to maintain the current dividend level. You presume that might be lesser than now. Its a good viewpoint to look at seriously.

15% is based on past dividends. They can't pay same amount when earning less. Yield will drop in future due to lower dividends.
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Tue Oct 24, 2017 10:36 am

Correct but there are some companies who maintain the same dividend level despite low EPS using their fat reserves. Last final account showa Rs: 3.2 billion retained earnings!  
First Guy wrote:
Ethical Trader wrote:Thanks Al for the analysis. My comment on 15% DY is based on their ability to maintain the current dividend level. You presume that might be lesser than now. Its a good viewpoint to look at seriously.

15% is based on past dividends. They can't pay same amount when earning less. Yield will drop in future due to lower dividends.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by First Guy on Tue Oct 24, 2017 9:45 pm

Ethical Trader wrote:Correct but there are some companies who maintain the same dividend level despite low EPS using their fat reserves. Last final account showa Rs: 3.2 billion retained earnings!  
First Guy wrote:
Ethical Trader wrote:Thanks Al for the analysis. My comment on 15% DY is based on their ability to maintain the current dividend level. You presume that might be lesser than now. Its a good viewpoint to look at seriously.

15% is based on past dividends. They can't pay same amount when earning less. Yield will drop in future due to lower dividends.

Retained earnings mean nothing in this case. They need to have the cash to pay. If you look at the past, cash generation is almost similar to profits and hence the dividend lose to all the profits. A company like this is not going to pay more than what they earn. If you are going to make a decision based on simply the amount of past dividends, I like to warn against that.
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Wed Oct 25, 2017 11:51 am

Thanks. You have a point here.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Wed Oct 25, 2017 12:32 pm

Here is the ten year summary given in the last annual report. The point I made above is supported by the continuous increase in dividend payment despite low PE last year.
[img][You must be registered and logged in to see this link.][/img]

They continued to increase the dividend payment despite low PE last year. As you said they might maintain the same if cash is available. Some companies pay script dividend using reserves when short of cash.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by yellow knife on Mon May 21, 2018 10:20 am

Icon of Strength -2017

Chevron Lubricants have reached a maturity stage in their business and higher dividend payout is a common factor among matured businesses.

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6111
Join date : 2014-03-27

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by yellow knife on Mon May 21, 2018 10:21 am

EPS shows a drastic decline in 2017

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6111
Join date : 2014-03-27

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by yellow knife on Mon May 21, 2018 10:22 am

PE ratio of LLUB

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 6111
Join date : 2014-03-27

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Tue May 22, 2018 9:40 pm

Thanks.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by sashimaal on Wed May 23, 2018 7:34 pm

Sri Lanka Chevron unit says CEO resigned yesterday
May 23, 2018 12:24 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Chevron Lubricants Lanka Plc said Kishu Gomes, its long-serving chief executive had resigned yesterday, and has been replaced by an acting head.

Rochana Kauf, general manager of Chevron lubricants for Indonesia, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Thailand and Vietnam has been appointed acting chief executive, the firm said in a stock exchange filing.

The firm said Gomes had resigned "with immediate effect from 22 May," without elaborating.

Once a monopoly backed by government restriction on imports and then domestic packing, the firm had lost market share after consumer freedoms were expanded.

The firm had been lobbying against giving more freedoms to customers as the government planned to issue more import licences to give freedom to citizens.

The firms stock has taken a beating in the stock market in recent months.

The stock was quoted at 88.50 in intra-day trade on May 23, down from 167 rupees at the end of June 2017. (Colombo/May23/2018)
avatar
sashimaal
Top contributor
Top contributor

Posts : 5704
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by yellow knife on Wed Jun 13, 2018 8:12 am

LLUB in decline as CEO Kishu Gomes exits
     _ LBO news

yellow knife
Top contributor
Top contributor

Posts : 6111
Join date : 2014-03-27

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Wed Jun 13, 2018 11:26 am

A number of reasons affected its price decline. Not just the liberalization of the trade which eroded their market share due to new competitors. Liberalization was the first reason for beginning of the decline.

Other notable reasons are; (1) price escalations of source material abroad and on top of it the price escalation locally due to the weakening of the rupee which made tings worst. (2) Having to cut prices to meet sever competition from new players. (3) Lack of a regulatory legal procedures to control inferior/fake products at cheaper prices. (4) Adverse weather conditions prevailed throughout the last few years reducing the demand for lubricants as locals do not service their vehicles during the rainy season. (5) Bulk of our vehicle fleet being motor cycles & three wheelers which always look for cheaper lubricants.

Their annual report says stringent measures are being taken to arrest the situation amidst sever competition.

sashimaal wrote:Sri Lanka Chevron unit says CEO resigned yesterday
May 23, 2018 12:24 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Chevron Lubricants Lanka Plc said Kishu Gomes, its long-serving chief executive had resigned yesterday, and has been replaced by an acting head.

Rochana Kauf, general manager of Chevron lubricants for Indonesia, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Thailand and Vietnam has been appointed acting chief executive, the firm said in a stock exchange filing.

The firm said Gomes had resigned "with immediate effect from 22 May," without elaborating.

Once a monopoly backed by government restriction on imports and then domestic packing, the firm had lost market share after consumer freedoms were expanded.

The firm had been lobbying against giving more freedoms to customers as the government planned to issue more import licences to give freedom to citizens.

The firms stock has taken a beating in the stock market in recent months.

The stock was quoted at 88.50 in intra-day trade on May 23, down from 167 rupees at the end of June 2017. (Colombo/May23/2018)
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Wed Jun 13, 2018 11:28 am

YK, this can be a co-incident or price decline may have prompted him to quit prior to a worst decline as foreigners are still in the selling mood of this share.
yellow knife wrote:LLUB in decline as CEO Kishu Gomes exits
     _ LBO news
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by yellow knife on Wed Jun 13, 2018 11:28 am

Agreed ET

What ever it is a well established company will face challenges and move ahead. Yet the facts beyond their control affect to their performance.

yellow knife
Top contributor
Top contributor

Posts : 6111
Join date : 2014-03-27

Back to top Go down

Re: LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)

Post by Ethical Trader on Wed Jun 13, 2018 11:47 am

Their Chairman also retired recently while the price was declining. One other major reason for price decline was sub-division of the share in April 2016 when the price was around Rs: 330/=. After the sub-division, the price settled around around half its going price Rs:170/= which is natural. Then the other issues discussed took prominence prompting heavy selling. Unless the government keep control over cheap substandard products recovery will be very slow.
yellow knife wrote:Agreed ET

What ever it is a well established company will face challenges and move ahead. Yet the facts beyond their control affect to their performance.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Page 6 of 7 Previous  1, 2, 3, 4, 5, 6, 7  Next

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum