I am a long term investor. (i.e. 2 to 3 years)
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nkalansu wrote:I have purchased LGL.X at 21 to 24 range. Is it a wise decision?
I am a long term investor. (i.e. 2 to 3 years)
Last edited by nkalansu on Sat Dec 17, 2011 5:45 am; edited 1 time in total
nkalansu wrote:Future prospects
It is an essential commodity.
When there is economic growth, need for energy is high
With the increase of living standards and increase of income people tend to shift to modern lifestyles which require high energy consumption.
Speculations and speculative behavior
There is a rumor that Gov. going to hand over the management of Litro to LGL (can't confirm)
Lot of high net worth guys have bought this at very high prices. (N share between Rs. 45 to 55 range)
EPF has bought N share at Rs. 48/= big quantity.
Financials ..................
Increased revenues
Increased profits year on year
Increased ROE
PER. PBR are acceptable.
Also last time they paid a good dividend too. Rs. 1.50 per N and X shares.
Compared to N share X is at a discount I think.
So I feel long term prospects are good. I have taken this decision based on fundamentals and future prospects.
Please if you could find some faults... and advise me why i should not buy more.....
TortoizePlus wrote:I read this article at the time EPF bought LGL shares but I dont think GOSL will create a monopoly situation for LPGas in SL because Gas was a critical political issue when SHELL had the monopoly.
On the other hand GOSL can co-operate with LGL over the management and will allow more palyeres to operate in SL. Anything can happen in SL and it depends on how far LGL management having a close relationship with GOSL top level officiers and politicians.
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