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Sri Lanka Equity Forum » Stock Market Talk » LIOC GOLDEN TIME ON THE WAY

LIOC GOLDEN TIME ON THE WAY

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1 LIOC GOLDEN TIME ON THE WAY on Sun Sep 18, 2016 6:26 pm

nuwan85


Stock Analytic
Stock Analytic
As per the statement given by Petroleum Minister on In LBO, now price formula is in the final implementation stage. I hope it will be implemented without much delay. This is a one of  conditional requirement to be fulfilled under the USD 1.5 Bn IMF loan facility. Due to temporary suspend of VAT increase by court decision, government had to look at alternative short term income sources and they increase fuel import tax as temporary income source. Now government is in the process of correcting the same.


http://www.lankabusinessonline.com/sri-lanka-fuel-pricing-formula-accepted-in-principle-minister


Now, world crude oil price again leading towards 30_40 $ due to global over supply. According to analyst, this excess supply will continue for another years. This will benefit LIOC due to low import cost and increased margin.


http://www.wsj.com/articles/oil-prices-drop-as-attention-turns-toward-glut-in-stocks-1474021150


 
LIOC already declared final dividend for financial year 2015_16.


DIVIDEND ANNOUNCEMENT   


18 July 2016

Date of Announcement: - 18.Jul.2016 
Rate of Dividend: - Rs. 1.25 per share / First & Final Dividend 
Financial Year: - 2015/2016 
Shareholder Approval: - Required 
AGM: - 23.Sep.2016 
XD: - 26.Sep.2016 
Payment: - 04.Oct.2016 
Share Transfer Book Open 


 


 

LIOC will declare an interim dividend in coming months.  


I think with the out of this September quarter results, LIOC will declare an interim dividend around Rs 0.50_ 1.00 per share. Both June & September cumulative profit will be around 3.5 Bn. With the good accumulative profit, LIOC will go for an Interim Dividend declaration like they did in 2013_14.


Now good time for LIOC is on the way. Good dividend income plus capital gain can be expected from LIOC.

2 Re: LIOC GOLDEN TIME ON THE WAY on Mon Sep 19, 2016 1:59 am

troy

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Moderator
How come an interim div?? The mentioned div is first and final. So no div till next financial year.

3 Re: LIOC GOLDEN TIME ON THE WAY on Mon Sep 19, 2016 8:37 am

Valuehunter


Equity Analytic
Equity Analytic
@troy wrote:How come an interim div?? The mentioned div is first and final. So no div till next financial year.

That Final dividant is for FY 2015/16. The Interim Dividend is for FY 2016/17. All of sudden LIOC became very attractive.

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