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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » LIOC up LGL down

LIOC up LGL down

Go down  Message [Page 1 of 1]

1LIOC up LGL down Empty LIOC up LGL down Mon May 20, 2013 12:12 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
LIOC up
with lots of unclarity and division with GOSL
GOSL is under tremendous pressure in this segment
still market loves this risks

LGL down
NO issue of market direction, its all pass through with formula
prices are down in international market
good hand to hand with Litro , GOSL competitive with relatively better terms than LIOC

2LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 12:31 pm

lulu


Stock Trader
IOC has come to an understanding with GOSL to operate the tank farm in trinco - pls chk nation

3LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 12:48 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
LIOC already using the tank farm , now GOSl is going to take part of that
is that a reason to buy?
well, that's market behave

4LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 1:02 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@salt wrote:LIOC already using the tank farm , now GOSl is going to take part of that
is that a reason to buy?
well, that's market behave

Salt, do you really want to know?

Anyway I doubt they will do business via LIOC. It will be via IOC since that is how Indians are Razz

5LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 1:09 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ salt - as at 31st dec, LIOC EPS 3.95, NAV 23, and Laughs EPS 1.70 and NAV 17.
Both market price (voting) between 28-29. What is the March 31st EPS you are expecting for both ?

6LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 2:18 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@The Alchemist,

my projection for LGL, the best quarter in the year LKR 300 mn, LKR 0.75
it makes EPS of LKR 2.25. Actual could be even higher

LIOC, nobody can predict.if the election is announce, then they will cut the prices of fuel and LIOC will stop selling
moreover, they will loose advantage of sole use of the tank farm , means their costs will go up
if price formula comes, it will be buy call or if PBJ goes, its a buy call

7LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 2:32 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Does LGL directly import GAS from world market or buy from CPC?

8LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 2:37 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
local production 1/2 shares by two distributors ( Litro & LGL)
rest (bulk) is imported

reference price
http://cms.wc.raa.net/images/documents/document_4200.pdf

9LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 2:43 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@salt - So however much LIOC makes in past March and current June quarter, it does not matter as you think the risks you mention outweigh the whatever attractive earnings they may report. is that your thinking ? can we expect dividends from LIOC and LGL and how much do you think ? The reason i'm asking is i have LIOC and wondering what to do.

10LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 2:57 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Last year 85% of total gas volume was directly imported and the rest was bought from CPC. Why can’t they import 100%? Is buying from CPC cost effective?

Now supugaskanda refinery is in danger. Can they buy from CPC further?
Can they keep same margin further?

This is how the chairman explained the situation in 2011 Annual Report.

“Although our performance was creditable, it was achieved with many obstacles. The reduction of the supply of LP Gas output from the Ceylon Petroleum Corporation (CPC) refinery to LAUGFS from 100% to 50% is worth mentioning in this review, since it has a significant impact to the pricing of the domestic cylinder of your Company.”

11LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 3:33 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ගෑස් නගිනකොට රටේම යුද පිටිය

ඒත් එක්ක උඩ යනවා ප්ලේන් ටිය

ඒත් අනේ හිසරදයක් සිටි හැටිය

chicken නැතුව බත් කනවා වෙග පිටිය

12LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 3:51 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@The Alchemist wrote:@salt - So however much LIOC makes in past March and current June quarter, it does not matter as you think the risks you mention outweigh the whatever attractive earnings they may report. is that your thinking ? can we expect dividends from LIOC and LGL and how much do you think ? The reason i'm asking is i have LIOC and wondering what to do.

Sorry to see you bought LIOC and wondering what to do.
I thought you would have seen how cheap BREW and LION was. BREW still has some upside potential. Also your an Alchemist so you should BREW something


Anyway for those who don't realise, IOC has got a supply contract for Iranian Crude.
That is they can supply Iranian Crude without Ceypetco worrying about insurance, letter of credit etc

Obviously LIOC will not gain anything as this is with IOC.
Nothing do with LIOC. The Indian Oil Corporation is listed on sensex.

Also this will make India's control very very strong

13LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 3:59 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
LIOC was at damn cheap when it was trading at 18. For me, now it is bit risky. Due to all these external risk factors LIOC and LGL should be trading at low P/E like motor sector and plantations.

14LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 4:17 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@rainmaker/bond
thanks for valuable information
i wonder those US exception were mean for trading, i guess this will be a controversial thing for sure
=========================
LGL _ since local made LPG is bought at cheaper price. But, the formula is based on international reference price which is higher ( also it includes fright as well)

Well, on dividends, LIOC will possibly pay all its earning as dividends since their are no major capex

15LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 4:28 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
http://www.rigzone.com/news/oil_gas/a/126458/Iran_Courts_Indian_Companies_with_More_Alluring_Oil_Contracts

India is a lot smarter than we think. Razz

The refinery has to be shut down soon and they can give us the Iranian crude in a day.

Again this is not LIOC - this is IOC the parent of LIOC.

16LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 4:52 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As a habit, I never pump petrel from a LIOC station and always go to a CEPETCO station. If you are getting same oil, why do you give money to these bloody Indians?

17LIOC up LGL down Empty Re: LIOC up LGL down Mon May 20, 2013 6:00 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
http://www.cse.lk/cmt/upload_report_file/729_1369046059270.03.2013.pdf

4Q EPS 1.50
very good

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