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  • No fuel price revision tonight

    http://www.dailymirror.lk/top_story/...ght/155-165314

    Comment


    • many factors turning positive in cse.
      "The best values today are often found in the stocks that were once hot and have since gone cold"

      Comment


      • extreme oversold threshold is nearing. how long it can be sold, the last qtr will be interesting.
        "The best values today are often found in the stocks that were once hot and have since gone cold"

        Comment


        • Once it was a hot stock. Other than seasonal trend, it is highly unlikely to see any short term trend. Its performance entirely depends on few local and global factors.
          Have a happy and prosperous new year!
          Last edited by trend; 04-13-2019, 07:59 AM.

          Comment


          • need to see whether bottom is 17 - 18rs

            Comment


            • The stock could become a trading stock instead its fundamentals character is hidden temporarily. So few pluses may trigger a an opportunity. 15 n 16 will be my levels unless some interesting scenario surfaces.
              "The best values today are often found in the stocks that were once hot and have since gone cold"

              Comment


              • Super recovery by LIOC

                https://cdn.cse.lk/cmt/upload_report...7198766271.pdf

                Comment


                • 100% payout on dividends
                  "The best values today are often found in the stocks that were once hot and have since gone cold"

                  Comment


                  • Trading Business nothing wrong having a large payout.

                    Comment


                    • As brent is falling with trade war intensifying i think LIOC can show good for coming Qtr as well.
                      ===========================================
                      LIOC pulls off a solid performance in March on lower oil prices


                      Lanka IOC (LIOC) swung to a profit during the three months ended March 31, 2019 (4Q19) as the local unit of the Indian downstream oil behemoth managed to survive a financial year marked by multiple headwinds. The company reported earnings of Rs.1.76 a share or Rs.937.1 million for the January-March quarter, compared to a loss of Rs.91.9 million reported for the corresponding period in the previous year. The March quarter earnings were a watershed for the company saddled with heavy losses until the end of December, last year, where the company incurred Rs.986.9 million in net losses.
                      The March earnings helped the company to erase its losses built up through December to end the financial year with earning of Rs.404.4 million, compared to Rs.755.6 million loss reported for the previous financial year ended March 31, 2018.


                      LIOC offers a classic case of how the fortunes of a downstream oil industry player could change due to the changes in the futures market prices. Oil prices in the Brent futures—the global benchmark—came down from US $ 84.98 a barrel to US $ 50.47 by December 24, 2018 and have since picked up gradually towards US $ 70 a barrel today. During the quarter under review, the company earned revenues of Rs.18.5 billion, compared to Rs.23.8 billion in the similar period in 2018. The cost of sales came down 27.7 percent to Rs.17.2 billion from a year ago. Meanwhile, for the year ended March 31, 2019, the company earned revenues of Rs.86.3 billion, down 5.5 percent from a year ago. The cost of sales was down to Rs.82.8 billion, from Rs.89.5 billion.


                      Sri Lanka implemented a pricing formula for fuel but has left that on hold since last February largely due to the growing unpopularity of the government in power.
                      Indian Oil Corporation Limited, India owns a 75.12 percent stake in Lanka IOC PLC.
                      ================================================== ========================
                      Discl Hold

                      Comment


                      • I am not convinced with this fuel revision practice! the last quarter performance was somewhat I didn't expect though. lioc was complaining to make cpc prices to be in line with theirs. any progress on it?
                        "The best values today are often found in the stocks that were once hot and have since gone cold"

                        Comment

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