Would these point to favorable condition to LIOC?
Also India may also put it's oil prices down.
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@yellow knife wrote:if we forget day to day oil price fluctuations , this is a good buy for long term.. Its maintaining an unnecessary high cash position... seems to be ready for growth or for dividends...what ever the option its healthy for investors.
@kkronline wrote:Due to fluctuation in oil price, lioc does not have provision to adjust the price to customer accordingly. So consistent profitability is not possible. Also their lubricant business is strongly challenged by new optimized chevron and new joint venture between china company & lanka fuel
Last edited by D.G.Dayaratne on Tue Aug 12, 2014 8:03 pm; edited 2 times in total (Reason for editing : correction)
@stevenapple wrote:Seems to be testing time for LIOC.
Different opinions. Thanks all.
@yellow knife wrote:I held bullish views for two shares. REXP and LIOc. RExP showed that improved earning low PE ratio indicated drastic upward trend. LIOC is yet to prove that. LIOC is more liquid than REXP.. lets see
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