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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » LLUB - downtrend

LLUB - downtrend

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1LLUB - downtrend Empty LLUB - downtrend Fri Mar 14, 2014 1:45 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Any reasons for this downfall with low volumes

2LLUB - downtrend Empty Re: LLUB - downtrend Fri Mar 14, 2014 1:53 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Just like Jonta's election downfall? Only 3rd place and 40 votes behind.

3LLUB - downtrend Empty Re: LLUB - downtrend Fri Mar 14, 2014 2:04 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
He he After every damn thing i'l be the winner.

I have a booked a plane for GMnet to travel to Malaysia(MH371). After that no worries

4LLUB - downtrend Empty Re: LLUB - downtrend Fri Mar 14, 2014 5:00 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert
Lubricants market heading for slippery battle



 Ada Biz Admin

 Top News

 March 12th, 2014

 0 Comments

 244 views


There are signs of Sri Lanka’s lubricants market becoming a slippery battlefield after April this year.

While further widening the lubricant oil market in Sri Lanka, the Petroleum Industries Ministry is preparing to provide lubricant marketing opportunities to 15 or 20 more new companies from April this year.

Currently there are 13 companies marketing lubricants within Sri Lanka and some 20 more have applied for opportunities.

The ministry is preparing to finalise the technical evaluation procedures on these new companies by April and provide them to enter the market.

If the technical evaluations are satisfactory the ministry plans to provide all these companies with the lubricants marketing opportunities.

However, during a recent conference in Colombo, Senior Vice Chairman of Lanka India Oil Company (LIOC) Sauman Ganguly said that by Sri Lanka providing opportunities to so many companies to enter a small lubricants market in the island, these companies may find it hard to do business in the country.

Even India with a huge lubricants market has only about 25 lubricant companies, he pointed out.

Another argument he stressed on was that since Sri Lanka’s lubricants market does not have stricter controls low quality products could easily enter the market due to the competition among the companies.

Apart from this, there are only two companies engaged in the petroleum sector and less than 10 in the telecommunications sector, Ganguly further pointed out.

5LLUB - downtrend Empty Re: LLUB - downtrend Fri Mar 14, 2014 5:04 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
250 possible before the next dividend announcement then.

6LLUB - downtrend Empty Re: LLUB - downtrend Fri Mar 14, 2014 5:16 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert
LIOC was it a pump before the dump... Smile

7LLUB - downtrend Empty Re: LLUB - downtrend Fri Mar 14, 2014 5:19 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
With the new plant of LLUB they might be able reduce costs but for the topline growth they would have to introduce far superior products in the future

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