LLUB any news?

Teller · 21 Re: LLUB any news? Fri Aug 04, 2017 1:30 am

Teller

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I also expect price adjustment ..

reyaz · 22 Re: LLUB any news? Tue Aug 08, 2017 2:20 pm

reyaz

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LLUB
JKH
BFL
to hit 200
LGL
ONAL
LGL X
to hit 150
All by next week $friday
Confirmed by leading chart experts

ruwan326 · 23 Re: LLUB any news? Tue Aug 08, 2017 2:52 pm

ruwan326

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reyaz wrote:Caltex going to be high

Define High when it falls 134.80 /= today Very Happy

reyaz · 24 Re: LLUB any news? Tue Aug 08, 2017 3:35 pm

reyaz

Senior Manager - Equity Analytics

Posts : 498
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reyaz wrote:LLUB
JKH
BFL
to hit 200
LGL
ONAL
LGL X
to hit 150
All by next week $friday
Confirmed by leading chart experts

Hope this answers your question ruwan

thankrishan · 25 Re: LLUB any news? Wed Aug 09, 2017 11:23 am

thankrishan

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Join date : 2014-10-17

More and more selling, Price is going down day by day. Industry is not favorable to the Company.

DS Wijesinghe · 26 Re: LLUB any news? Wed Aug 09, 2017 12:10 pm

DS Wijesinghe

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Chevron Lubricants Lanka PLC (Chevron) which has been literally ‘under the weather’ owing to the choppy climate during the past six months, says it will get better at executing better strategies including a strong focus on the exports to beat the heat.

“The drought has been affecting the North Central Province (NCP) from the last quarter and spilling onto this quarter. We had a difficult time with the floods in the first quarter. With all this we aim to increase productivity and be better at our strategy execution,” Kishu Gomes, Managing Director Chevron told the Business Times. He added that the company will focus on its export markets more.
The company’s top line declined by 18.5 per cent year on Year (YoY) owing to the crippling weather which saw low demand for lubricants, data showed.

Mr. Gomes said there’s no agriculture happening in the NCP and overall the seasonal pattern has been disrupted by the bad weather which is impacting the company’s bottomlines.

The company’s Q2 gross profit was at Rs. 1.023 billion which is a 21.5 per cent reduction YoY.

Citigroup Global Markets Limited Agency Trading Prop Securities A/C which was the number two shareholder of Chevron with 4,653,040 shares as at March with a 1.94 per cent stake shed its holding to 1,754,570 shares as at June. Now it has 0.73 per cent stake.
The company’s top 20 shareholder list is dominated mainly by financial institutions with only businessman Ravi Thambiayah-related parties and SLIC as local shareholders.

Mr. Gomes added that according to the Public Utilities Commission of Sri Lanka (PUCSL) figures the lube industry has grown only 2 per cent YoY during the past five years. “The global raw material prices will remain where they’re now and are predicted to increase in a few months’ time. But with the challenging macro environment not only our industry, all industries are facing a difficulty,” Mr. Gomes said.

thankrishan · 27 Re: LLUB any news? Wed Aug 09, 2017 12:17 pm

thankrishan

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This is a Company with good Dividend Yield, going forward this could be questionable.

DS Wijesinghe · 28 Re: LLUB any news? Wed Aug 09, 2017 12:27 pm

DS Wijesinghe

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thankrishan wrote:This is a Company with good Dividend Yield, going forward this could be questionable.

You are correct, a CEOs warnings need to be taken seriously. What is comforting is the last sentence in the article as he says his company is not alone but many others are struggling themselves through these negative macro economic conditions

Let us all hope that they would pull through this bad patch, which is one of the worst and darkest periods in our economy.

thankrishan · 29 Re: LLUB any news? Wed Aug 09, 2017 12:33 pm

thankrishan

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DS Wijesinghe wrote:

thankrishan wrote:This is a Company with good Dividend Yield, going forward this could be questionable.

You are correct, a CEOs warnings need to be taken seriously. What is comforting is the last sentence in the article as he says his company is not alone but many others are struggling themselves through these negative macro economic conditions

Let us all hope that they would pull through this bad patch, which is one of the worst and darkest periods in our economy.

All the PESTEL factors are against the Company Mad