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Sri Lanka Equity Forum » Stock Market Talk » Buy LIOC @ 40 or below

Buy LIOC @ 40 or below

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1 Buy LIOC @ 40 or below on Fri Aug 26, 2016 10:01 am

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
With the excellent June quarter results take advantage of this price drop if you didn't buy this share earlier. A good counter to have in your portfolio.

Happy Trading

2 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 10:07 am

troy

avatar
Moderator
Why is the price drop? Where' s the bottom?

Don't jump in to conclusions. Chances might come everyday. Don't  lose your money, be cautious.

3 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 10:08 am

SLBOY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Anna sale dala hariyata sinhala aurudda wage

4 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 10:14 am

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
Most likely profit taking a good opportunity for the people who missed out on this share. I personally think you might not get another chance. 

Chances don't come everyday :-). Once in awhile may be.

5 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 10:16 am

predictor


Senior Equity Analytic
Senior Equity Analytic
May be Some wanted to buy at low and spreading rumors.

6 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 10:21 am

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
We never know buddy but earnings wise this share is worth more than what it's trading today.

7 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 10:45 am

kumarweerarathne

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
there is rumor going on abt tax imposing on diesel, lets c not yet confirmed.

8 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 11:05 am

predictor


Senior Equity Analytic
Senior Equity Analytic
There is only a marginal profit in Petrol. Diesel there was an increase in duty previously and someone have come to know about it only yesterday. If they introduce tax CPC will run at loss which govt cant do now after the loan they took. LIOC is into even byproducts of oil and going ahead with other investments. In order to buy at low people are spreading rumors.

9 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 11:52 am

karuna


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Good lesson .

Ma parath kawadoo sarata . Lioc only valid long term this share new innocent people's money killing
Who promote with such a baila.  

I nothing to say anything about them.

10 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 12:06 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Hon minister in his speech under meet the minister program of OPA
clearly said that Govt intention is to maintain preset prices and get the befit of world market price reduction

Consumers will be benefited through competition

Indian oil company will not have to earn abnormal profits

due to mismanagement of CPC and already taken action to improve efficiency

11 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 12:27 pm

predictor


Senior Equity Analytic
Senior Equity Analytic
I was there at the OPA. Minister never mentioned that. You are a liar and don't spread wrong news and cheat poor people.

12 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 12:36 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I think you are a delibarate lior

If you have any problem you can ask from Hon minister

I do not think you were at OPA auditorium
Pl give your name i can check the attendance register

I alwaya give my correctname I do not want to lie and 
mislead innocent people

13 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 12:57 pm

predictor


Senior Equity Analytic
Senior Equity Analytic
He never said LIOC will not have to earn abnormal profits. What he said was LIOC is not like govt. and they want profits. Also mentioned about geopolitical reasons. That is to say LIOC profitability cannot be questioned.

He also said CPC earned big profits during 1st 4 months.

14 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 1:45 pm

g@ii


Equity Analytic
Equity Analytic
Seems there are so many promoters for LIOC. LIOC is making higher profit during this period due to lower crude oil prices. But it's worth to remember that crude oil market is already started correcting it self.

15 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 1:56 pm

nuwan85


Stock Analytic
Stock Analytic
Don’t be panic & sell your valuable shares based on the rumors. If duty component is increased that will lead to slightly reduce the LIOC profitability. Still confirm details are not available on the Duty amount increased. LIOC will make good profit in the coming quarters also. This kind of duty increase was done  3or43 months back also but LIOC managed to record good profit last quarter. Whatever people try to communicate what we keep in mind is LIOC is also a commercial entity. In terms of Revenue they were 2nd  and 3rd  place in past years. Definitely with their volume, they will record good profit.

Government policy is to support the business not to hares. With present government relationships with India, government intention to promote foreign Investment & commitment given to IMF all will be favorable to LIOC. Duty increase will not be affected LIOC & CPC as expected by some people. GL.

World oil price trend will be explained well in the following article.
http://www.cnbc.com/2016/08/25/oil-prices-dip-as-saudi-arabia-dampens-prospects-of-output-freeze.html

16 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 2:38 pm

Gainer

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Govt allow to do the oil business for every one can import.

17 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 4:33 pm

karuna


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@karuna wrote:Good lesson .

Ma parath kawadoo sarata . Lioc only valid long term this share new innocent people's money killing
Who promote with such a baila.  

I nothing to say anything about them.

Lioc don't have a branded products as a example servo lubricant oils selling very cheap prices in the market.  Who like to buy India industry cheap products . No one accept Indian product . Probably can't use longer.  

U know aaf it also shiting Indians and never return profit . They keeping there profit . And wasting innocent people's time 
Aaf now nearly 4 years puka india going same same place. 

However carefully with Indian's . We nothing discuss about India games. 

Great share never mislaid there investors.  
Do your best investment to best shares

18 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 5:58 pm

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
http://www.dailymirror.lk/114772/Diesel-production-tax-increased

The Government has increased the production tax on diesel by Rs. 10 per liter with effect from August 20, the Finance Ministry announced today. Accordingly, the production tax on diesel has been increased to Rs. 13 from Rs. 3. Ministry said the market price of diesel would not be increased due to the new tax revision. The ministry said the crude oil prices in the world market have declined and the Government has revised the production tax on diesel in order to claim the advantage from the world oil price decline. 

19 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 6:26 pm

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Now everything finish...

EC sir already alert regarding this share...No body care..Ec sir hats off....We can't trust this share anymore...I will pray for retail buyers...Don't caught promotions....

20 Re: Buy LIOC @ 40 or below on Fri Aug 26, 2016 7:19 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Brinthan wrote:Now everything finish...

EC sir already alert regarding this share...No body care..Ec sir hats off....We can't trust this share anymore...I will pray for retail buyers...Don't caught promotions....


I dont have LIOC

i bought 2014 and sold 2014

I like to say something about this tax.

Production Tax increase now. this tax is depending on world market crude oil. if they keep oil price at same level then Tax should be vary time to time. this is similar to price formula.

now sri lankan market receiving 25-35 USD crude oil. thats why they have increase production tax. if not LIOC will get high profit during next two quarters.

last time oil price fixed according 54 USD Base (27.01.2015)

then after Rupee depression around 12-13%. then considering Crude Oil Price is 54* 13% = 47 USD

if crude oil price stay on 47 USD. then LIOC  making profit. so then another 11% tax increase new considering Crude oil Price is = 41.8 USD, current Brent oil price is 49 USD.

but in the sri lankan market now we receiving 25-35 Range oil. LIOC has enough profit. with this tax also they can make 1-2 Rupees per quarter.

now also they can make 5-6 Rupees per year very easily.

this is my idea. I dont have LIOC. i said this bcz some people panic and  making loss without thinking.

21 Re: Buy LIOC @ 40 or below on Sun Aug 28, 2016 3:20 am

Teller

avatar
Moderator
I think government has done correct thing. That's why I said earlier post regarding LIOC ,
We can't expect much from LIOC .

22 Re: Buy LIOC @ 40 or below on Mon Aug 29, 2016 9:10 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
According to Bartleet Religare Securities the effect of increase in production tax is expected to hit eps of LIOC by Rs 1/41 per quarter.

OK, now the 1st Qtr eps was 3/75. expected eps after allowing for tax increase for the balance qtrs will be 3/75 less 1/41 = 2/34.

So, annualized eps (after tax increase) = Rs 10/77.
Still the share price has the potential to trade at a minimum of 60/= the least.

At the end of the day intelligent investors are collecting in a big way even at the closing stages of trading on last Friday. Where as the innocents are misled to sell their shares by unscrupulous elements.

Wish to invite experts comments please.

23 Re: Buy LIOC @ 40 or below on Mon Aug 29, 2016 10:59 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[size=33]Excise duty on diesel increased to Rs13 a litre; LIOC down 9.7 pct[/size]
Author LBO
Posted on August 26, 2016 | CommodityEconomy

"Aug 26, 2016 (LBO) – Sri Lanka’s government has raised excise duty on diesel by 10 rupees a litre to 13 rupees, the Finance Ministry said in a statement.
Although the excise duty on diesel was raised three days ago, no public announcement was made until Friday.
The share price of LIOC fell to 37.80 rupees, down 9.7 percent, on the Colombo Stock Exchange Friday with 215 million rupees of shares traded, raising questions whether the announcement had been made to the market before the shares were sold.
Bartleet Religare Securities said the hike will erode profit margins of the listed Lanka Indian Oil Corporation.
“LIOC will have to absorb the increased tax amount as a cost since there was no indication of a retail price hike,” Bartleet Religare Securities said.
“Our calculations indicate around a 400 basis points drop in gross profit margin and 750 million rupees bottom line hit per quarter.”

24 Re: Buy LIOC @ 40 or below on Mon Aug 29, 2016 12:34 pm

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
The best thing to do is buy in small quantities and average down cause we never know the bottom but all we know is LIOC is a good share to have in your portfolio.

Happy Trading

25 Re: Buy LIOC @ 40 or below on Mon Aug 29, 2016 12:37 pm

NZ BOY

avatar
Moderator
introducing the pricing formula which is again a good thing. A win win situation for every body.

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