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  • Technically CSE is driving us to 5000mark on ASPI. no harm to wait for anyone to see this and decide to buy. very difficult these days to anticipate how politics work. a new government may or may not follow the fuel price formula mechanism from a political populist strategy/move. between 17 and 15 good levels. there will be opportunities in the long run, lioc may make huge profits owing to ditching the formula.
    "The best values today are often found in the stocks that were once hot and have since gone cold"

    Comment


    • 5000 may look now very remote. Possible, rate cut anticipated should drive ASI index to upside. I saw the chart on lioc and the share price is in consolidation phase. Good to see it that way. Trading could be possible, but require a trigger point to push to 20+
      "The best values today are often found in the stocks that were once hot and have since gone cold"

      Comment


      • In my opinion if there is a rate cut there could be a temporary uptrend but wont be sustainable cause our economy is facing several issues.

        Comment


        • with steady dropping of OIL, I believe LIOC show greater results this Qtr. Their A/R gives some insights and worth reading. As this Qtr may not witness CCY fluctuations much better keep an eye.
          From A/R
          OUTLOOK - We will continue our strategy of focused growth through diversification to broadbase sources of revenue and minimize the impact of petrol and diesel. Bunkering and lubricants will be key areas of growth as we seek to enhance market share leveraging our significant market shares. We will also continue to develop export markets to increase earnings in foreign exchange, supporting bottom line growth.

          Comment


          • sounds good, let's champion the growth strategy, no harm to buy /average.
            "The best values today are often found in the stocks that were once hot and have since gone cold"

            Comment


            • Originally posted by SHARK View Post
              sounds good, let's champion the growth strategy, no harm to buy /average.
              Yep shark
              I see some trading opportunity towards 20rs from 17 level
              BE A FRIEND OF A TREND AT BEGINING

              Comment


              • For last few months it is being consolidated/ formed the bottom and It looks like now bottoming out
                ​​​I expect break out from this price level in coming days
                BE A FRIEND OF A TREND AT BEGINING

                Comment


                • LIOC has got a perfect pitch to bat like T20 where no other counter has. Hence should be good Qtr due to.

                  > OIL is dropping...dropping and now closer to $56. Last Qtr was averaging 65s
                  > Rs has strengthened to 176 from 180s
                  >Their Lub sales catching up and mgt also focused on exports
                  >Div 0.75 intact

                  So price cannot be stagnate long at 17s unless it is peculiar to CSE.

                  Disc Hold

                  Comment


                  • Risk is lower, so opportune time to enter or average them.
                    "The best values today are often found in the stocks that were once hot and have since gone cold"

                    Comment


                    • LIOC is in for a windfall this Qtr as OIL is heading bear territory. As SL-Gvt also looks to save more funds on a/c of concessions given, coming 10th i expect only a partial cut. Hence LIOC will further benefit. Cannot understand why people still selling at 17s.

                      ================================================== ============================================ US oil prices in 'bear' market as Dow rises again

                      AFP - The decline in the oil market came as Wall Street stocks rallied for a second straight session on dovish commentary from the Federal Reserve and as European bourses climbed modestly ahead of a European Central Bank meeting.

                      The decline in oil prices followed a hefty build in commercial crude inventories, according to weekly Department of Energy data that also showed domestic production continuing to rise. "The feeling is that there is a lot of crude oil and of petroleum products," said Kyle Cooper of IAF Advisors. "Economic data suggests slowing demand growth."

                      US benchmark West Texas Intermediate for July delivery finished at $51.69 per barrel, down $1.80 and more than 20 percent off its recent peak in April, technically a "bear market." The European benchmark Brent oil is also close to a bear market. A report released Wednesday by Morgan Stanley slashed its oil price forecast, citing a "sharper-than-expected slowdown in demand."

                      On Tuesday, the World Bank cut its 2019 economic growth forecast, citing ongoing trade conflicts as a leading factor.

                      Comment


                      • 17 proving good technical entry, can we see sudden interest?
                        "The best values today are often found in the stocks that were once hot and have since gone cold"

                        Comment

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