Re: LIOC.N0000 (Lanka IOC PLC)

[RapaportTop contributor]

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!

[CKActive Member]

share price slowly recovering. The downfall may be initiated due to the selling of YK...(large quantity within a day)

[yellow knifeTop contributor]

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...

[RapaportTop contributor]

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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.

[CKActive Member]

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.

[Danidu]

Impact of duty increasing on LIOC.

Report from CT and just sharing with you

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[yellow knifeTop contributor]

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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[Future123Active Member]

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.

[yellow knifeTop contributor]

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..

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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

[BackstageTop contributor]

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YK vindicated.

[Yin-Yang]

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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.

[yellow knifeTop contributor]

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..

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

[Yin-Yang]

So, should it make share price move up?

[කිත්සිරි ද සිල්වාTop contributor]

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

[smallvilleTop contributor]

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

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[The Invisible]

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

[smallvilleTop contributor]

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

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

[RanaTop contributor]

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

[CKActive Member]

Technical buy atm. Foreigners are also buying. Good trading chance here.
Disc: holding.

[RanaTop contributor]

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[smallvilleTop contributor]

LIOC.. an utter disaster.. OMG the COS... what the $#@&

[yellow knifeTop contributor]

If we are honest enough its time to study where we went wrong with LIOC. Were the TAs could predict... Were the fundas were capable enough to  capture the total picture..?

What I suggest if we collectively start to honestly review this company retrospectively we may be able to iron out many of our mistakes...

[malanp]

LLUB and LIOC have no future, only frustration..

[The Invisible]

Stocks can see like garbage @ times but will turn out to be like gold as well and vise versa.

Best thing to do is review the stocks time to time and decide a suitable action.

Stop loving stocks but trade as appropriate.

[LSETech Contributor]

Hi All,

After long time...