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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » LIOC Great performence

LIOC Great performence

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1LIOC Great performence Empty LIOC Great performence Mon May 20, 2013 11:13 pm

K&M


Senior Equity Analytic
Senior Equity Analytic
LIOC has performed above expectations,

9 moths EPS - 5.40 (223% increased compared to last year)

No wonder why it moved forward this fast, insider trading ??? no, CSE is a highly regulated market. no room for illegal trading.what am i thinking.

2LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 9:04 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What is the finance income recorded in LIOC P&L. It looks quite awkward.

3LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 9:10 am

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Well the govt will poke a finger and take a slice of the profit by dumping a new tax!

Its more a EGO problem when CPC is in doldrums and LIOC earning..

It seems that some think LIOC has stolen CPC profitable area's!

Cheers!

4LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 9:19 am

niru


Manager - Equity Analytics
Manager - Equity Analytics
K&M wrote:LIOC has performed above expectations,

9 moths EPS - 5.40 (223% increased compared to last year)

No wonder why it moved forward this fast, insider trading ??? no, CSE is a highly regulated market. no room for illegal trading.what am i thinking.

Here EPS not 9 months, but annual Rs. 5.46

sriranga

sriranga
Co-Admin
A substantial decrease in finance costs enabled Lanka IOC PLC (LIOC) to post a net profit of Rs.805.9 million for the three months ended March 31, 2013 (4Q12) as against Rs.42.6 million during the corresponding period of the previous year, interim financials released to the Colombo Stock Exchange revealed.

Accordingly finance costs fell from Rs.870.8 million during the final quarter of 2012 to Rs.28 million during the quarter under review.

A further increase in finance income, which was Rs.106.4 million during the period in consideration in comparison to Rs.25.3 million during 4Q12, also contributed to the growth of the company’s bottom line.

Revenue for the quarter fell to Rs.19.2 billion from Rs.19.4 billion a year earlier and cost of sales fell to Rs.17.7 billion from Rs.17.8 billion and gross profits fell to Rs.1.44 billion from Rs.1.6 billion. Gross profits fell to Rs.790 million from Rs.895 million.

Also LIOC’s income tax expenses increased during the quarter under review to Rs.63.2 million as against Rs.7.8 million during the corresponding period of 2012.

Earnings per share (EPS) for the quarter ended March 31, 2013 stood at Rs.1.51 as opposed to 8 cents during the quarter ended March 31, 2012.

Meanwhile for the year ended March 31, 2013 the company recorded a net profit of Rs.2.9 billion as against Rs.905.9 million during the previous year.

During the year under review too finance costs fell from Rs.1.1 billion to Rs.138.8 million while finance income too increased from 78 million to Rs.267 million.

LIOC is a unit of India’s state controlled oil major, Indian oil Company
http://www.dailymirror.lk/mirror-stock-watch-live/29730-sri-lankas-indian-oil-unit-records-profits.html

http://sharemarket-srilanka.blogspot.co.uk/

6LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 10:12 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Till BPJ is there, LIOC has no future

7LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 11:45 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
why is LIOC price comming down? quarter reports shows good EPS.....

8LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 1:04 pm

micky

micky
Manager - Equity Analytics
Manager - Equity Analytics
coz most of the good investors average is below 20. so, we have to wait for another turn Sad

9LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 1:13 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
micky
this is windfall gain
nobody expects LIOC to make money in the future
2013 & 2014 are election years, so oil price cuts could be there
LIOC is a big failure for local investors . Indians made their money and they are here not for business
moreover, LIOC is not in good terms with top officials

10LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 1:20 pm

micky

micky
Manager - Equity Analytics
Manager - Equity Analytics
@salt wrote:micky
this is windfall gain
nobody expects LIOC to make money in the future
2013 & 2014 are election years, so oil price cuts could be there
LIOC is a big failure for local investors . Indians made their money and they are here not for business
moreover, LIOC is not in good terms with top officials

thats what 10% think. anyway current price is really dangerous.

90% mentality is like this:-

wow, oil industry. never loss. oil price increased. sure profits. LIOC good at 18. and some promotions below 20.

so we cant change how people think Sad

note- elections has nothing to with oil price as IMF exists. check some major requests of IMF Very Happy


11LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 1:49 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
may announce dividend Rs 1.50?

12LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 2:13 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@micky wrote:
@salt wrote:micky
this is windfall gain
nobody expects LIOC to make money in the future
2013 & 2014 are election years, so oil price cuts could be there
LIOC is a big failure for local investors . Indians made their money and they are here not for business
moreover, LIOC is not in good terms with top officials

thats what 10% think. anyway current price is really dangerous.

90% mentality is like this:-

wow, oil industry. never loss. oil price increased. sure profits. LIOC good at 18. and some promotions below 20.

so we cant change how people think Sad

note- elections has nothing to with oil price as IMF exists. check some major requests of IMF Very Happy



Why is it dangerous at this level? sure it has gone up by 7-8 rs, but with the latest quarter results annual eps stands at 5.45, so that's a P/E of 5.13. Now that is attractive isn't it?

13LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 2:32 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
yes

14LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 2:40 pm

Backstage

Backstage
Moderator
Moderator
@ccsentha wrote:
@micky wrote:
@salt wrote:micky
this is windfall gain
nobody expects LIOC to make money in the future
2013 & 2014 are election years, so oil price cuts could be there
LIOC is a big failure for local investors . Indians made their money and they are here not for business
moreover, LIOC is not in good terms with top officials

thats what 10% think. anyway current price is really dangerous.

90% mentality is like this:-

wow, oil industry. never loss. oil price increased. sure profits. LIOC good at 18. and some promotions below 20.

so we cant change how people think Sad

note- elections has nothing to with oil price as IMF exists. check some major requests of IMF Very Happy



Why is it dangerous at this level? sure it has gone up by 7-8 rs, but with the latest quarter results annual eps stands at 5.45, so that's a P/E of 5.13. Now that is attractive isn't it?

Yes very....


15LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 2:49 pm

micky

micky
Manager - Equity Analytics
Manager - Equity Analytics
@Backstage wrote:
@ccsentha wrote:
@micky wrote:
@salt wrote:micky
this is windfall gain
nobody expects LIOC to make money in the future
2013 & 2014 are election years, so oil price cuts could be there
LIOC is a big failure for local investors . Indians made their money and they are here not for business
moreover, LIOC is not in good terms with top officials

thats what 10% think. anyway current price is really dangerous.

90% mentality is like this:-

wow, oil industry. never loss. oil price increased. sure profits. LIOC good at 18. and some promotions below 20.

so we cant change how people think Sad

note- elections has nothing to with oil price as IMF exists. check some major requests of IMF Very Happy



Why is it dangerous at this level? sure it has gone up by 7-8 rs, but with the latest quarter results annual eps stands at 5.45, so that's a P/E of 5.13. Now that is attractive isn't it?

Yes very....



people hv bought huge quantities. price will go down. (my guess only). people waiting to buy.

16LIOC Great performence Empty Re: LIOC Great performence Tue May 21, 2013 3:17 pm

samcader


Manager - Equity Analytics
Manager - Equity Analytics
About 5 years ago LIOC made a massive profit shareholders were expecting a dividend but what did the management of LIOC do they contributed almost Rs one billion towards the seva vanitha unit of Sri Lanka Navy a similiar thing may happen this year as well upto now shareholders have not been paid a dividend

17LIOC Great performence Empty Re: LIOC Great performence Thu Jun 20, 2013 12:07 pm

Backstage

Backstage
Moderator
Moderator
So would the first quarter numbers be better than the fourth ? I would think so, the full impact of the reduced Brent crude would be this quarter imho.

I hold LIOC and most other shares I say nice things about:)

18LIOC Great performence Empty Re: LIOC Great performence Thu Jun 20, 2013 12:33 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Backstage wrote:So would the first quarter numbers be better than the fourth ? I would think so, the full impact of the reduced Brent crude would be this quarter imho.

I hold LIOC and most other shares I say nice things about:)

I would not be surprised if LIOC 1st Q EPS is approx Rs 2. I hope that after a long 10 years, they will declare approx Rs 2 Dividend for FY 2012/2013.

I have LIOC shares.

19LIOC Great performence Empty Re: LIOC Great performence Thu Jun 20, 2013 12:39 pm

Backstage

Backstage
Moderator
Moderator
Ahh thats 0.50c more than what your good friend Harry has predicted above Very Happy

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